News and Tribune

Floyd County

November 21, 2012

Indiana taxpayers to see $111 credit from surplus

INDIANAPOLIS — Indiana taxpayers will receive a $111 credit on their state income tax returns next year as the state distributes part of its budget surplus.

Gov. Mitch Daniels on Wednesday announced the credit that will be $222 for couples filing joint returns. The credit represents the automatic taxpayer refund plan that Daniels pushed through the state Legislature last year.

That refund kicked with the state’s reserves reaching about $2.1 billion. The governor’s office says about $360 million will go toward the tax credits, with another $360 million to the state’s pension liabilities.

Daniels says including the credit on tax returns is simpler and less expensive than mailing out additional checks.

Critics argue that Daniels created the surplus by cutting money for public schools, the child welfare agency and other important services.

1
Text Only | Photo Reprints
Floyd County
LOCAL MAGAZINES
Easter 2014 photos


Click on any photo to purchase it.

SPECIAL CONTENT
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
2013 Photos of the year


Take a look at our most memorable photos from 2013.