Lawmakers passed several tax bills supported by Indiana Farm Bureau during the 2022 legislative session. Katrina Hall, senior director for policy strategy and advocacy with INFB, is discussing what farmers need to know as they go into effect.
House Bill 1002 will help provide relief to individual income taxpayers.
“The bill ended up being a relatively longer-term cut to the state income tax which would take our state rates from 3.23 percent to 2.9 percent over a seven-year period,” Hall says.