Inhibition of return (IOR) is typically described as an inhibitory bias against returning attention to a recently attended location as a means of promoting efficient visual search. Most studies examining IOR, however, either do not use visual search paradigms or do not effectively isolate attentional processes, making it difficult to conclusively link IOR to a bias in attention. Here, we recorded ERPs during a simple visual search task designed to isolate the attentional component of IOR to examine whether an inhibitory bias of attention is observed and, if so, how it influences visual search behavior. Across successive visual search displays, we found evidence of both a broad, hemisphere‐wide inhibitory bias of attention along with a focal, target location‐specific facilitation. When the target appeared in the same visual hemifield in successive searches, responses were slower and the N2pc component was reduced, reflecting a bias of attention away from the previously attended side of space. When the target occurred at the same location in successive searches, responses were facilitated and the P1 component was enhanced, likely reflecting spatial priming of the target. These two effects are combined in the response times, leading to a reduction in the IOR effect for repeated target locations. Using ERPs, however, these two opposing effects can be isolated in time, demonstrating that the inhibitory biasing of attention still occurs even when response‐time slowing is ameliorated by spatial priming.