Income tax rate to drop slightly for Indiana residents - WDRB 41 Louisville News

Income tax rate to drop slightly for Indiana residents

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LOUISVILLE, Ky. (WDRB) -- Indiana residents are expected to get a welcome gift for the new year: a drop in taxes.

The personal income tax rate will drop slightly on New Year's Day. It's part of a reduction that Republican Governor Mike Pence pushed during his 2012 campaign. The state income tax rate will drop to 3.23 percent, down from 3.3.

Someone with $50,000 in taxable income will see their state income tax bill drop by $35 for 2017.

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