Beginning July 1, consumers will no longer pay the Indiana 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. Clark County REMC consumers alone will save an estimated $800 thousand annually from the repeal of this tax.
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.
The repeal of this tax will be automatically reflected on your August bill.