Gov. Eric Holcomb on Wednesday issued an official proclamation directing the General Assembly to convene on July 6 “in order to consider and address the current adverse economic conditions."
Hoosier motorists will pay an unprecedented 80.5 cents in taxes, including 62.1 cents in state taxes, for every gallon of gasoline they purchase in July.
The Republican chief executive outlined a plan Thursday for Indiana to pay $225 to all adult Hoosiers in July or August, on top of the $125 automatic taxpayer refund payments already going out.
"We don't want to create a reactionary politics to everything. We want to be thoughtful and think about long-term how we address these things," said House Speaker Todd Huston.
There's no cap on Indiana's gasoline sales tax rate, so if wholesale gas prices increase the state sales tax rate will go up in tandem.