Members will no longer pay utility receipts tax

Posted on Aug 03 2022 in Marshall County REMC

As of July 1, Hoosiers no longer have to pay the utility receipts tax. This tax elimination will annually put an estimated $28.5 million back in the pockets of 1.3 million Hoosiers served by the state’s 38 electric cooperatives. This resulted in a 1.4% decrease in our new electric rates. This was made possible because of the efforts of Indiana’s electric cooperatives advocating for their consumer-members and negotiating with the Indiana General Assembly to repeal this tax, ultimately saving money for each and every electric cooperative member across Indiana.