Generally revise tax laws

2025 Regular Session

LC 190 aimed to broadly revise tax laws; however, the draft died in process, so no enacted changes affect taxpayers, businesses, or tax administration.

(LC) Draft Died in Process

#taxation(generally)

LC 190 — Generally revise tax laws

Overview

Bill number: LC 190

Title: Generally revise tax laws

Subject: Taxation (Generally)

Introduced: September 6, 2024

Classification: bill

Current status: Draft Died in Process (as of May 22, 2025)

This summary reflects the information available about the bill’s purpose and status. The actual text of the bill has not been provided here, so specific provisions cannot be listed.

Purpose and scope

The bill is described as a general revision of tax laws. In the absence of the full text, the precise scope, objectives, and targeted tax areas (e.g., income, sales, property taxes; credits; exemptions; administration) are not ascertainable from the available information.

The stated intent appears to be a broad overhaul or modernization of the tax code, rather than targeted changes to a single tax provision.

Legislative history and timeline

Sept 6, 2024: Drafter assigned.

Oct 3, 2024: Draft On Hold.

May 22, 2025: (LC) Draft Died in Process.

Status explanations:
- Draft On Hold: The bill’s drafting or development was paused while in committee or sponsor discussions.
- Draft Died in Process: The bill did not advance toward enactment; in many jurisdictions, this can mean it was not moved out of committee or did not receive enough support to proceed.

Key provisions (not specified)

No substantive provisions are provided in the available information. If the bill text were accessible, typical areas for a general tax revision might include:

Revisions to definitions and tax bases
Changes to tax rates, brackets, or levies
Modifications to credits, deductions, and exemptions
Administrative procedures, compliance, and enforcement
Interaction with other taxes or fiscal policies

Until the text is released, readers should not assume particular changes or fiscal impacts.

Potential impact (if enacted)

Would affect taxpayers, businesses, and tax administration depending on the final provisions.

Could influence revenue estimates, compliance burden, and long-term fiscal planning.

Because the bill died in process, no enacted changes would occur unless a successor bill with similar objectives is introduced and enacted.

Next steps for stakeholders

Obtain the full bill text and fiscal note (if available) to assess specific changes.

Monitor committee actions and hearings for any reopened or reintroduced versions.

Contact bill sponsors or a legislative liaison for clarifications on intent and potential future iterations.

Note: This summary is based on the bill metadata provided. The absence of the actual text means substantive provisions and impacts cannot be verified from this source.