Summary of LC 4441: Generally revise allocations of coal tax interest to provide property tax assistance
Status and basic info
- Bill Number: LC 4441
- Title: Generally revise allocations of coal tax interest to provide property tax assistance
- Introduced: March 17, 2025
- Status: Draft Died in Process (LC) as of May 20, 2025
- Subject areas: Appropriations / State Finance, Revenue, Taxation (Property)
Purpose and intent
- The bill seeks to revise how coal tax interest is allocated with the objective of providing property tax assistance. In other words, it aims to adjust the distribution of coal tax revenues to support property tax relief or related property tax assistance mechanisms.
- No final text is provided here, so the exact goals, eligibility criteria, and funding levels would be defined in the bill’s provisions.
Key provisions (as implied by the title)
- Reallocation: A general reform of the allocation framework for coal tax interest.
- Property tax assistance: Direct or indirect funding mechanisms aimed at reducing property tax burdens for eligible taxpayers or jurisdictions.
- Specific mechanisms (e.g., new programs, expansion of existing relief programs, caps, distribution formulas) are not detailed in the information provided and would be specified in the bill text.
Fiscal and budgetary implications
- The reform is designed to shift or expand the use of coal tax interest to support property tax relief.
- Depending on the exact allocations and recipients, the bill could alter state and local revenue flows, potentially increasing funds for property tax assistance while reducing allocations to other uses currently funded by coal tax interest.
Who is affected
- Property taxpayers who would receive increased relief or targeted assistance under a revised allocation.
- Local governments or school districts whose funding levels may change if coal tax distributions are redirected.
- State finance and revenue agencies responsible for administering coal tax revenues and the new assistance programs.
Procedural timeline and status notes
- Drafting process occurred between March 17–29, 2025, with multiple drafting and review stages (assigned, in edit, final drafter review, input/proofing, ready for delivery).
- The bill died in process on May 20, 2025, meaning it did not advance to further legislative action or become law.
- Classified as an appropriations/revenue/taxation bill; status indicates no enacted changes at this time.
Observations
- There are no specific dollar amounts, percentages, or program details available in the provided materials. If the bill text becomes available, the exact allocations, eligible recipients, and administration requirements would be essential for a complete assessment.
