Consumers will no longer pay utility receipts tax
Beginning July 1, Hoosiers will no longer have to pay the utility receipts tax, a state-mandated tax on the sale of utility services. 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. Orange County REMC consumers will save an estimated $241,329 annually from the repeal of this tax.
The elimination of this state tax was made possible through the efforts of Indiana’s electric cooperatives advocating for their consumers and negotiating with the Indiana General Assembly to repeal this tax, ultimately saving money for each and every electric cooperative consumer across Indiana.
“Orange County REMC works hard for you, our consumer-members, in our community and at the Indiana Statehouse,” said Matt Deaton, General Manager & CEO. “As the landscape continues to evolve, we want to ensure our consumers always have access to safe, reliable and affordable energy — now and for years to come.”
Members will see this tax reduced on your bill as part of the Wholesale Power Cost Tracker on the August bill for July energy use. There is no action consumers need to take. 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.