Tax increase put on hold

State Sen. Travis Holdman (R-Markle) has announced the Senate Committee on Tax and Fiscal Policy will not be hearing any bills to increase local food and beverage taxes this session.

Holdman said that in light of the ongoing COVID-19 pandemic, and in response to concerns expressed by Indiana’s restaurant industry, the Republican members have agreed now is not the time to consider tax increases as the economy continues to recover from COVID-19.

“According to an industry survey, about one in five Indiana restaurants has permanently closed since the start of the pandemic, making it more critical now than ever to support Indiana’s restaurants,” Holdman said. “I know that there are some localities that may not like this decision, but we firmly believe that a tax increase on our restaurants is simply not appropriate at this time.”