Reliable, affordable electricity is fundamental to Indiana’s economy

Understanding the importance of energy sustainability, the Indiana General Assembly created the 21st Century Energy Policy Development Task Force in 2019 to explore and identify energy policy recommendations focused on affordability and reliability.

This week, the Senate passed House Bill 1007, which is the task force’s blueprint for Indiana’s energy industry to follow and provide reliable energy to Hoosiers for years to come.

HB 1007 would help ensure Indiana’s utility companies aren’t relying on out-of-state providers to produce the power their customers need to keep their lights on.

As technology advances, our state must ensure it can withstand the energy demand. Having a plan for our energy infrastructure will help Indiana become even more self-reliant and resilient, which is why I was happy to support HB 1007.

File Your Taxes For Free

Qualifying Hoosiers can file their federal and state taxes for free through INfreefile. Review the list of participating INfreefile vendors, compare vendor offers and select an offer that works for you by clicking here.

ATR Available for Hoosiers on Social Security

Indiana is on track to return nearly $1.5 billion to Hoosiers thanks to our state’s automatic taxpayer refund (ATR) law. Most taxpayers received their refund via either electronic direct deposit or mailed check in the fall of 2022.

However, social security income recipients need to file a 2022 income tax return this year (before the end of the calendar year 2023) in order to receive the $200 refundable credit they are entitled to receive under a law passed in August.

Social security income recipients may also be eligible for additional tax relief through the Unified Tax Credit for the Elderly, which is also a refundable state tax credit.

To learn more about these benefits, and to find the appropriate forms to submit, visit the Indiana Department of Revenue website.

Tax Relief for Small Businesses

The General Assembly recently passed Senate Enrolled Act 2, which changes state tax law so LLCs and S Corps can deduct all state tax payments on federal tax returns, resulting in what may be $50 million per year in federal tax savings for Hoosier small businesses.

Eligible businesses can take advantage of this new law on 2022 taxes being filed this year, and Hoosiers are urged to consult their tax advisors for details. Click here for more information on the bill.