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As the gas tax holiday continues, industry groups are raising concerns about the long-term status of road funding.
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Gov. Mike Braun has spent hundreds of millions in giving a gas tax break to Indiana residents. He says he’s found a way to keep the gas tax holiday going.
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After months of suspending the gas and excise taxes, Gov. Mike Braun called for local communities to be made whole. Indiana’s Board of Finance approved the first payment for municipalities Tuesday.
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Indiana’s governor touted the states healthy economy as he extended the gas tax holiday for a fourth time, arguing that few other states have been in a position to do the same.
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Gov. Mike Braun’s administration will make local governments whole for any gas tax revenues lost due to his suspension of Indiana’s fuel taxes since May, according to a Tuesday news release.
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Gov. Braun on Wednesday announced a further extension of the gas tax suspension, touting the lowest prices at the pump in the country. Will it have consequences for Hoosiers down the road?
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The move is expected to save Hoosier motorists 59.3 cents a gallon for the next month.
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Indiana's sales tax on gasoline is poised to jump by 6.1 cents per gallon in May if Gov. Mike Braun doesn’t extend his temporary suspension of the tax.
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Indiana's sales tax on gasoline will actually rise slightly starting Aug. 1 even though pump prices have dropped more than 11% from a month ago.
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Indiana lawmakers plan to return to the Statehouse by the end of June to send $1 billion in surplus state revenues back to Hoosiers.