Wednesday, October 22, 2014

Same-sex marriage in Indiana could boost state economy, study predicts

The report from UCLA School of Law says same-sex marriage could benefit more than just the LGBTQ community through wedding expenses and sales tax revenue.

Posted on May 30, 2014 at 8:58 a.m.

A study released this month by UCLA School of Law’s Williams Institute claims extending marriage to same-sex couples could boost Indiana’s economy.

The report said wedding-related expenditures and visitors coming to the state for ceremonies would generate over $39 million in spending for the state’s economy. That means $2.7 million in sales tax revenue would be generated and up to 564 full- and part-time jobs could be created, the study said.

"This study confirms that all Indianans benefit from marriage for same-sex couples, not just the LGBT community,“ said M.V. Lee Badgett, one of its authors, in a news release.

UCLA’s predictions are based on 2010 U.S. Census data, which showed 11,074 same-sex couples live in Indiana. It’s estimated that 50 percent of them would choose to marry within the first three years of its legality – a pattern the study says has been observed in other states. 

The study predicts Indiana would generate $25 million in revenue during the first year of same-sex marriage being legal.

For more information on the study and its findings, read it on UCLA’s website.  

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