In a recent press release, State Senator Mike Bohacek said one of his top priorities is keeping our taxes low. He said, “That’s why I supported measures to reduce Indiana’s income-tax rate to 2.9% by tax year 2027.”
Thanks to these cuts, Hoosiers are saving nearly $200 million on income taxes, which will grow even more in the coming years.
Senator Bohacek commented, “The General Assembly has also eliminated income taxes for active-duty military personnel and reduced federal income taxes for Hoosier small businesses by allowing them to qualify for federal deductions larger corporations already received.”
The senator continued, “These laws are responsible for putting millions of dollars back into the pockets of Hoosiers, but lawmakers will continue our work to find ways the state can reduce taxes even further through the State and Local Tax Review Task Force.”
To learn more about how Senate Republicans have worked to reduce your taxes in recent years, here.
