- Indiana budget proposal includes sales tax exemption for feminine hygiene products and adult diapers.
- Indiana is one of 20 states that currently taxes feminine products.
- Exemption starts July 1, 2024.
- Hoosiers will save 7% on tampons, pads, panty liners, menstrual cups, and adult diapers.
- State anticipates losing $11.1 million in revenue from the exemptions in 2026.
- The decision to add the exemption comes after lawmakers removed Gov. Mike Braun’s proposed tax credits and sales tax holidays.
- The language is adopted from a bill filed by Rep. Mark Genda.
- Lawmakers on both sides of the aisle have advocated for this exemption for years.
- The budget bill will be introduced in the Senate next week.
Source: ibj.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
