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WeVote Research Nonpartisan
Bill Summary · LC 1310

Summary of LC 1310 — Allow for the return of surplus revenue to taxpayers

Overview

LC 1310 is a proposed bill titled “Allow for the return of surplus revenue to taxpayers.” It appears to aim at distributing excess state revenue back to taxpayers. The bill’s public status is listed as “Draft Died in Process,” indicating it did not advance to enactment. Key dates include its introduction on November 12, 2024, with subsequent actions on November 12, 2024 (Drafter Assigned; Draft On Hold) and May 26, 2025 (Draft Died in Process).

Purpose and Intent

  • The stated objective, based on the title, is to authorize or enable the return of surplus state revenue to taxpayers.
  • No text of the bill is provided in the available information, so the specific goals, definitions, or conditions (e.g., what constitutes “surplus,” eligibility, and timing) are not publicly disclosed here.

Key Provisions (inferred expectations)

  • Because the actual bill text is not provided, no definitive provisions can be listed.
  • In general, a bill with this purpose would typically address:
    • Definition of “surplus revenue” (e.g., after meeting statutory reserves, debt service, or mandatory obligations).
    • Mechanism for distribution (e.g., one-time rebates, tax credits, direct payments, or premium reductions).
    • Eligibility criteria and prioritization (if any).
    • Timing and triggers for distributions.
    • Safeguards to maintain fiscal stability and protect essential services.
    • Administrative and oversight requirements.

Note: The above are common elements such bills might include and are not asserted as actual provisions of LC 1310.

Affected Parties

  • Primary: Taxpayers who would be recipients of surplus revenue distributions.
  • State treasury and revenue departments responsible for budgeting, forecasting, and distributing any surplus shares.
  • State agencies and programs that rely on or are funded by recurring revenue could be impacted indirectly by changes to surplus handling.

Procedural and Timeline Aspects

  • Introduced: November 12, 2024.
  • 2024-11-12: Drafter Assigned; Draft On Hold.
  • 2025-05-26: Draft Died in Process.
  • Status: LC Draft Died in Process, meaning the bill did not progress toward enactment in its current form.

Fiscal and Policy Implications

  • Without the full text, quantitative impacts (rebate amounts, eligibility thresholds, or fiscal guardrails) cannot be determined.
  • Conceptually, distributing surplus revenue reduces the amount available for future appropriations or reserves and could influence long-term fiscal planning and budgeting.

Next Steps

  • If a similar concept is pursued in the future, a new or revised bill would need to be introduced with complete text outlining mechanisms, safeguards, and fiscal effects.
  • Stakeholders may monitor for companion or updated proposals that address surplus revenue distribution and define clear criteria and timing.

Compiled from official sources — confirm details with the bill’s official record.

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