Governor Mitch Daniels announced Wednesday that Hoosiers who file individual tax returns next year will receive a credit of $111.
The governor said joint filers will receive a credit of $222 because of the state's automatic taxpayer refund.
According to state officials, the taxpayer refund represents a median tax cut of about 13%.
That credit will be applied when taxpayers fill out their 2012 income tax forms in 2013.
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