Porter: ‘Hoosier families are the biggest loser’ when it comes to utility receipt tax elimination

INDIANAPOLIS – Today, the elimination of the approximately 1% utility receipt tax goes into effect due to the enactment of House Bill 1002. Rep. Gregory W. Porter (D-Indianapolis), ranking Democrat on the House Ways and Means Committee, weighed in on its enactment:

“Republicans pitched the utility receipt tax repeal as a win for Hoosier families, but the reality is this will only save families a few dollars on each bill and at maximum less than $100 in relief annually. The real winners of this policy are large corporations and manufacturers who will receive thousands of dollars in tax relief annually.

“In fact, Hoosier families are the biggest losers here because they’ve lost a $120 million stable revenue source through the elimination of this tax forever. That funding could have been used to support child care or elder care initiatives, student loan debt relief or closing Indiana’s health disparities gap.”