Utility receipts tax repealed

Posted on Jul 05 2022 in Kankakee Valley REMC

Beginning 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. Kankakee Valley REMC member-consumers alone will save an estimated 1.67% annually from the repeal of this tax. This was made possible because of the efforts of Indiana’s electric cooperatives advocating for their member-consumers and negotiating with the Indiana General Assembly to repeal the tax, ultimately saving money for each electric cooperative member-consumer across Indiana. 

You will see this tax removed on the August bill for July energy use. This will be automatically removed. There is no action you need to take.