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Bill

LC 1179

Generally revise state finance

2025 Regular Session

LC 1179 aimed to comprehensively overhaul state finances, budgeting, and taxes, but the draft died in process with no enacted provisions or current progress.

(LC) Draft Died in Process
#statefinance(seealso:appropriations;taxationsubjects)
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Bill Summary · LC 1179

LC 1179 — Generally revise state finance

A concise summary of the bill LC 1179, titled “Generally revise state finance,” including its purpose, scope (as far as can be determined from available information), and status.

Overview

  • Bill Number: LC 1179
  • Title: Generally revise state finance
  • Subject: State Finance (and related topics such as Appropriations and Taxation)
  • Classification: bill
  • Introduced: November 11, 2024

The title suggests a broad or thematic overhaul of the state’s fiscal framework, potentially encompassing elements of budgeting, revenue/tax policy, debt management, and financial administration. However, the actual provisions are not provided in the information available here.

Status and Timeline

  • Drafter Assigned: November 11, 2024
  • Draft On Hold: November 14, 2024
  • Draft Died in Process: May 24, 2025

Notes:
- The bill has not advanced to committee analysis or floor debate based on the available status updates.
- The status “Died in Process” indicates the draft did not progress toward substantive enactment, and there is no enacted version of the bill in effect.
- Because the full text is not provided, there are no enacted provisions to implement or evaluate.

Scope and Provisions (Based on the title; no bill text provided)

  • The available information does not include the bill’s actual provisions. As such, specific changes cannot be enumerated.
  • Based on the title and subject, the bill could conceivably touch on:
    • Budget and appropriations procedures or reform of the state budgeting process
    • Revenue or taxation policy changes
    • Financial administration, accounting standards, or transparency measures
    • Debt management, borrowing authority, or capital financing
  • Any concrete provisions (dollar figures, timelines, tax rates, or governance changes) would require the actual bill text.

Potential Impact (Hypothetical, given typical scope)

  • If enacted, could alter how state funds are planned, appropriated, and reported.
  • Potential effects on state agencies, the Legislative Budget Office (or equivalent), and statutory financial controls.
  • Tax or revenue-related changes could affect businesses, individuals, and public services depending on the final language.
  • Changes may influence capital projects, debt issuance, and financial oversight mechanisms.

Affected Parties

  • State agencies and the executive budget office
  • The legislature (budget committees and fiscal policy committees)
  • Taxpayers and recipients of state services
  • Financial institutions or debt markets if debt, financing, or guarantees are addressed

Next Steps

  • There is no enacted text to implement or review. The bill, as of the latest status, is not moving forward in its current form.
  • Reintroduction or revision could occur in future sessions by the sponsor(s) if there is continued interest in a comprehensive state finance overhaul.
  • Readers seeking more detail should monitor for a new draft or a revised bill text in subsequent legislative sessions.

If you can share the bill’s full text or official summaries, I can provide a deeper, provision-by-provision analysis.

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

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