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Bill

LC 3971

Generally revise tax laws

2025 Regular Session

LC 3971 aimed to comprehensively overhaul state tax laws, but the draft died in process; no changes were enacted and no provisions are available.

(LC) Draft Died in Process
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Bill Summary · LC 3971

Summary of LC 3971 — Generally revise tax laws

LC 3971 is a bill described as a general revision of the state's tax laws. The draft has not progressed to enactment, and as of May 22, 2025, the legislative draft is listed as having died in process. The bill was introduced on December 15, 2024, and the drafting process included a drafter assignment and an initial hold before the draft ultimately did not advance.

Overview

  • Bill number: LC 3971
  • Title: Generally revise tax laws
  • Subject: Taxation (Generally)
  • Status: Draft (LC) Died in Process
  • Introduced: December 15, 2024
  • Latest action: Draft Died in Process (May 22, 2025)

Purpose and Intent

  • Based on the title, the bill aimed to be a broad overhaul or modernization of the state's tax statutes. The available information does not include the bill’s specific objectives, scope, or the mechanisms proposed to achieve them.

Key Provisions

  • Specific provisions are not provided in the available information. Therefore:
    • No bill text or section-by-section summary is available.
    • Consequently, there are no identifiable changes to particular tax rates, brackets, credits, deductions, exemptions, administration, or enforcement details to report.

Potential Impacts (if enacted)

  • If a comprehensive tax-revision bill were enacted, typical impacts could include:
    • Changes to individual and corporate tax rates or brackets.
    • Modifications to credits, deductions, and exemptions.
    • Alterations to tax administration, collection, and enforcement processes.
    • Implications for state revenue, budget planning, and compliance costs for taxpayers and tax professionals.
  • As the draft has died in process, there are no enacted changes or immediate regulatory impacts to current law.

Affected Stakeholders

  • Taxpayers (individuals and households)
  • Businesses and corporate entities
  • Tax preparation professionals and accountants
  • Tax authorities and state revenue departments

Procedural Timeline and Status

  • 2024-12-15: Drafter Assigned
  • 2024-12-15: Draft On Hold
  • 2025-05-22: (LC) Draft Died in Process

Notes

  • No text of the bill is provided in the available materials. For readers seeking potential future action, the bill could be reintroduced in a subsequent session with a new draft or amended language. If the text becomes available, a detailed provision-by-provision summary can be prepared.

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

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