The repeal of Indiana’s inheritance tax in the new two-year budget affects more than state coffers. Counties received the revenue as well.
In Tippecanoe County, as much as $500,000 has been collected in some years.
Treasurer Bob Plantenga says the tax was already being phased out before the complete elimination, which is retroactive to January. He says there will be an impact on the county’s general fund.
“I usually budget $400,000 of revenue for the General Fund, and you know that is certainly a few departments’ worth of expenditures that we will not be receiving.”