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Bill

LC 1027

Generally revise tax laws

2025 Regular Session

LC 1027 aims to broadly revise tax laws, but the draft died in process, so no specifics on changes or who would be affected are available.

(LC) Draft Died in Process
#taxation(generally)
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WeVote Research Nonpartisan
Bill Summary · LC 1027

Summary of LC 1027: Generally revise tax laws

LC 1027 is a legislative draft titled “Generally revise tax laws,” introduced on November 11, 2024. The bill was categorized as a general tax legislation measure. Its current status is “(LC) Draft Died in Process,” with prior steps indicating it moved through initial drafting but did not advance.

Overview

  • Bill number: LC 1027
  • Title: Generally revise tax laws
  • Subject: Taxation (Generally)
  • Introduced: November 11, 2024
  • Classification: bill
  • Current status: Draft Died in Process (LC)

Purpose and intent

The bill’s title suggests an effort to broadly revise the tax code. However, the available information here does not include the bill’s actual text or stated objectives. Therefore, specific aims, policy goals, or targeted changes (e.g., adjustments to income tax rates, credits, exemptions, sales/use taxes, corporate taxes, or administrative provisions) are not discernible from the provided details.

Key provisions

  • Text available: Not provided in the supplied information.
  • What’s missing: No enumerated provisions, amendments, or fiscal impacts are listed.
  • Without the bill’s full text, it is not possible to specify which taxes, rates, exemptions, credits, enforcement mechanisms, or administrative procedures would be changed.

Affected parties (based on typical scope)

  • Likely affected groups in a broad “generally revise tax laws” effort include individual taxpayers, businesses, tax preparers, and state or local tax agencies.
  • Specific impacts (who pays what, timelines for compliance, and administrative changes) cannot be determined without the bill’s text.

Procedural history and timeline

  • Nov 11, 2024: Drafter assigned to LC 1027.
  • Dec 16, 2024: Draft placed On Hold.
  • May 23, 2025: Draft Died in Process.
  • The designation “Died in Process” indicates the draft did not advance toward enactment or complete formal legislative steps.

Potential impact and considerations

  • As a general tax-revision proposal, if enacted, the bill could have wide-ranging effects on revenue, compliance costs, and administrative operations. However, without the text, it is not possible to assess whether the impact would be revenue-neutral, revenue-raising, or revenue-reducing, nor to identify particular sectors or tax types affected.

Next steps

  • To obtain a substantive understanding, review the full bill text and fiscal notes (if any) from the legislative tracking system.
  • Monitor for any reintroduction or amendments in future sessions, as many “generally revise tax laws” efforts reappear with revised language.

If you’d like, I can format a tracking template or help interpret the full text once it becomes available.

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

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