Beginning July 1, members will no longer 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. Hendricks Power consumers alone will save an estimated $1.4 million 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.
You will see this tax credited back to you on the August bill for July energy use. This will be reflected in the Power Cost Adjustment line item of your bill. There is no action you need to take.