Bill
LC 3113
Proposes a broad overhaul of state tax laws to simplify, modernize, and align tax rules for individuals, businesses, and tax administrators; died in process.
Bill Information
- Bill Number: LC 3113
- Title: Generally revise tax laws
- Status: LC Draft Died in Process
- Introduced: December 13, 2024
- Classification: bill
- Subject: Taxation (Generally)
Overview
LC 3113 proposes a broad, potentially comprehensive reworking of the state’s tax laws. The available information indicates the bill is a general overhaul rather than targeted changes to a specific tax provision. As of May 27, 2025, the draft is listed as “Died in Process,” meaning it did not advance toward enactment in its current form.
Timeline and Procedural Status
- 2024-12-13: Drafter Assigned; Draft On Hold
- 2024-12-13: Draft On Hold (initial drafting stage)
- 2025-05-27: Draft Died in Process (no further action expected on this measure in its current form)
Implications: With the draft now considered dead in process, the bill would require a revival, reintroduction, or substantial revision if a sponsor or committee intends to pursue a tax overhaul in the future.
Purpose and Intent (as inferred from title)
- The bill’s stated purpose appears to be a broad revision of existing tax laws. The title suggests an effort to reform or modernize the tax code, potentially addressing simplification, efficiency, fairness, or alignment with fiscal policy goals. Specific objectives, policy rationales, and targeted reforms are not disclosed in the provided information.
Potential Provisions (not specified in the summary)
- Because the text of LC 3113 is not provided, exact provisions are unknown. In bills described as a “Generally revise tax laws,” typical areas that may be considered include:
- Income, corporate, sales, and property tax provisions
- Tax credits and deductions
- Tax administration and enforcement procedures
- Conformity with federal tax rules or recent federal changes
- Revenue impact provisions and transition rules
- Compliance burdens and administrative costs
Note: The above are common themes in broad tax reform measures and not confirmed elements of LC 3113.
Who would be Affected
- Taxpayers (individuals and households)
- Businesses and corporations
- Tax administrators and state agencies
- Economies and sectors sensitive to tax changes (depending on final provisions)
Key Considerations and Next Steps
- The current status indicates no active movement toward passage in its present form. If revived, a new drafter, committee hearings, and potential amendments would shape the final bill.
- Practically, a broad tax overhaul could have significant budgetary and behavioral impacts, depending on enacted provisions (rates, credits, exemptions, and administration).
- Readers should monitor for any new drafts or reintroduction that specify the bill’s exact provisions and fiscal effects.
If you have access to the full text or committee analyses for LC 3113, I can provide a more detailed, provision-by-provision summary and assess fiscal impact, compliance changes, and affected stakeholders.
Compiled from official sources — confirm details with the bill’s official record.
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