WeVote
Log In

Bill

Bill

LC 1162

Generally revise tax laws

2025 Regular Session

LC 1162 aimed to broadly revise tax laws, but the draft died in process and no changes were enacted.

(LC) Draft Died in Process
#taxation(generally)
0
WeVote Research Nonpartisan
Bill Summary · LC 1162

LC 1162 — Generally revise tax laws (Draft Died in Process)

Overview

LC 1162 is a bill labeled as a general revision of tax laws. The available information does not include the bill text or specific provisions, but the title indicates an intent to undertake broad revisions to the state's tax framework.

Purpose and intent

  • Based on the title, the bill aims to generally revise and reorganize existing tax laws. This typically suggests changes to definitions, tax bases, rates, credits, exemptions, administration, and enforcement rules across multiple tax types.
  • No explicit policy or fiscal analysis is provided in the available materials, so the exact goals (e.g., simplification, modernization, revenue adjustments) are not publicly stated in the provided summary.

Key provisions (text not publicly available)

  • The actual text of LC 1162 is not provided here, so specific provisions cannot be enumerated.
  • In a general tax-law revision bill, typical areas that could be affected include:
    • Tax rate structures and brackets
    • Tax bases, credits, deductions, and exemptions
    • Definitions and terminology used in tax statutes
    • Administrative provisions (filing, collection, audits, appeals)
    • Transitional rules for phasing in or phasing out changes
    • Compliance timelines and implementation dates
  • Because the bill text is not available, readers should treat any of the above as potential areas that might be addressed in a general revision, not guaranteed provisions of LC 1162.

Affected parties

  • Likely affected: individual taxpayers, businesses, tax preparers, and tax-collection agencies.
  • The scope of impact would depend on the final language, including which tax types (income, sales, property, corporate, etc.) are revised and how changes are phased in.

Procedural status and timeline

  • Introduced: November 11, 2024
  • Drafter assigned: November 11, 2024
  • On hold: December 10, 2024
  • Draft died in process: May 24, 2025
  • Status indicates the bill did not advance beyond the drafting stage and is considered dead in the legislative process, with no enacted changes associated with it at this time.

Additional notes

  • No bill text is provided here. For a complete understanding of potential effects, the full introduced language and any fiscal notes would be required.
  • If more information becomes available (e.g., committee referrals, amendments, or the actual text), a more detailed, provision-by-provision summary can be prepared.

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

Sign in to ask a question.