Ind. taxpayers will receive more money in the 2012 filing year

Ind. taxpayers will receive more money in the 2012 filing year

Ind. taxpayers will receive more money in the 2012 filing year

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by Tyler Druin

WHAS11.com

Posted on July 4, 2012 at 11:27 AM

LOUISVILLE, Ky. (WHAS11) - - Taxpayers in Indiana are getting some money back from the state.

Indiana ran a surplus of more than a half billion dollars in revenue versus spending. This will bring Indiana’s total reserve to more than $2 billion. This is more than the state was excepting from before early spring.

Governor Mitch Daniels says the cash reserves are from a mix of three major factors, improved tax collections, spending cuts to state agencies and an error the Daniels administration found $320 million in untouched tax collections.

That means each taxpayer gets an additional $100 through automatic tax credits next year.
 

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