Generally revise tax laws

2025 Regular Session

LC 4114 aims to broadly overhaul the state tax code, but no specific provisions were released or enacted before it died in process.

(LC) Draft Died in Process

#taxation

Overview

Bill Number: LC 4114

Title: Generally revise tax laws

Subject: Taxation (Generally)

Introduced: December 15, 2024

Classification: bill

Status: LC Draft Died in Process (as of May 22, 2025)

LC 4114 is a legislative proposal described by its title as an effort to overhaul or reform the state’s tax code. No text or specific provisions are provided in the available information, so the summary focuses on the bill’s stated scope and its procedural milestones.

Purpose and Intent

The bill is labeled as a general revision of tax laws, which typically signals an intent to overhaul multiple areas of taxation rather than address a single tax issue. In practice, a broad revision may cover:

Revisions to tax bases, rates, credits, and exemptions
Administrative changes (compliance, filing, and enforcement)
Modernization of definitions and terminology
Alignment with fiscal or budgetary goals

Because the actual text is not provided, the precise objectives, targeted taxes (e.g., income, sales, property, corporate), and the intended fiscal impact are not disclosed.

Key Provisions (Not Available)

There are no specific provisions released for LC 4114. Consequently, it is not possible to enumerate enacted changes, mechanisms, or phased implementations. If the bill were to be revived, typical areas to watch would include:

Changes to tax rates or brackets
New or expanded credits and deductions
Alterations to exemptions or exclusions
Administrative procedures (filing requirements, audits, penalties)
Compliance timelines and transition rules

Affected Parties

Potentially affected groups include:

Individual and business taxpayers in general
Tax preparers and accounting professionals
State and local revenue authorities
Local governments, if property or local taxes are touched

The magnitude of impact would depend on the specific provisions enacted (which are not yet available).

Procedural and Timeline Details

Introduced: Dec 15, 2024

Drafter Assigned: Dec 15, 2024 (documentation notes “Drafter Assigned”)

Status Updates:

Feb 19, 2025: Draft On Hold
May 22, 2025: Draft Died in Process

The progression indicates the bill did not advance beyond the drafting stage and has not moved into committee or floor consideration in its current form.

Next Steps for Interested Readers

Monitor the legislative docket for LC 4114 to see if a revised or new version is introduced.

If text becomes available, review the exact provisions to assess fiscal impact, implementation timelines, and who is most affected.

Consider consulting fiscal notes or analyses attached to any future version for a clearer picture of revenue, compliance costs, and administrative changes.

Bill