Eliminate property and income tax

2025 Regular Session

Eliminate property taxes and personal income taxes, a sweeping revenue shift that would drain local funding and reshape state budgets.

(LC) Draft Died in Process

#taxation--individualincome #taxation--property

Summary of LC 4161 — "Eliminate property and income tax"

Overview

LC 4161 is a bill proposed to eliminate two major revenue sources: property taxes and individual income taxes. Introduced on December 18, 2024, the bill’s available information indicates the objective is to repeal these taxes, though no text detailing implementation or transition mechanics is provided in the summary data. The bill is categorized under Taxation–Individual Income and Taxation–Property.

Key objective and intent

Primary aim: Eliminate property taxes and personal income taxes.

This represents a broad, foundational tax reform that would significantly alter how government revenue is raised and funded.

The bill’s title and subject indicate a comprehensive shift away from these two taxes; specifics (e.g., phased timelines, exemptions, or replacement revenues) are not included in the available information.

Provisions and mechanisms (as available)

The exact statutory language, replacement funding strategies, transitional rules, or timelines are not provided in the summary.

No accompanying fiscal note, revenue replacement plan, or sunset/phase-in details are available in the provided material.

Affected parties and impacts

Taxpayers: Individuals and households currently paying income taxes would be directly affected; property owners paying property taxes would also be impacted.

Local governments: Property taxes are a major source of local revenue in many states; elimination could affect funding for schools, public safety, infrastructure, and local services.

State government: A potential large shift in general fund revenues would occur, requiring substantial replacement mechanisms or spending reductions.

Other stakeholders: Tax professionals, businesses, and civic organizations would face major changes in tax planning and public finance.

Procedural status and timeline

Introduced: December 18, 2024

Drafter Assigned: December 18, 2024

Status updates:

March 21, 2025: Draft On Hold
May 22, 2025: Draft Died in Process

Meaning: The draft was paused and ultimately not advanced to passage under this cycle. “Died in Process” indicates no further legislative action is expected on this bill in its current form.

Notes

The available information does not include the bill’s text, fiscal impact, or proposed replacement funding mechanisms. Readers should consult the official legislative docket for LC 4161 to review any amended language or additional materials if they become available.