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Bill

Bill

LC 1161

Generally revise tax laws

2025 Regular Session

LC 1161 aimed to generally revise the tax code, but the draft died in process with no enacted provisions; any reform would require introducing a new bill.

(LC) Draft Died in Process
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Bill Summary · LC 1161

Summary: LC 1161 — Generally revise tax laws

Overview

LC 1161 is a draft bill whose title indicates a broad overhaul of the state tax code. The available information does not include the text of the bill or specific provisions. The bill’s status shows it is a draft, with no enacted language published publicly. It reflects an intent to undertake wide-ranging revisions to taxation laws.

Bill Details

  • Bill Number: LC 1161
  • Title: Generally revise tax laws
  • Subject: Taxation (Generally)
  • Classification: Bill
  • Introduced: November 11, 2024

Status and Timeline

  • Introduced: 2024-11-11 — Drafter Assigned
  • 2024-12-10: (LC) Draft On Hold
  • 2025-05-24: (LC) Draft Died in Process

Notes:
- The sequence shows the draft being prepared, placed on hold, and ultimately listed as having died in process, suggesting no further action on this version of the bill occurred within the legislative session. A new bill would be required to pursue similar subject matter.

What the bill would do (Note on limitations)

  • The exact provisions are not provided in the available information. Based on the title, LC 1161 would likely aim to overhaul multiple aspects of the tax code rather than making targeted changes. Typical features of a broad “generally revise” bill might include:
    • Revisions to tax rate structures or brackets for individuals and/or businesses
    • Modifications to deductions, exemptions, credits, and incentives
    • Changes to tax administration, enforcement, and compliance provisions
    • Alignment with federal tax rules or simplification measures
    • Transitional rules and sunset clauses for any substantive changes
    • Revisions to revenue projections and fiscal impact considerations

Because the text is not published here, these are general possibilities and not specific commitments of LC 1161.

Who would be affected

  • Likely affected groups include individuals and households, businesses of various sizes, tax preparers and taxpayers, and the state tax agency responsible for administration and enforcement. Depending on the eventual content, impacts could involve changes to net tax liability, timing of payments, eligibility for credits, and administrative procedures.

Procedural notes

  • As a draft that died in process, LC 1161 did not advance to committee passage or floor action in its current form. If policymakers or sponsors wish to pursue similar reforms, a new bill would need to be introduced, possibly with revised language, staff analyses, and fiscal notes.

Next steps for readers

  • Monitor for new legislation on tax reform or follow-up versions introduced by the same sponsor or committee.
  • Review fiscal impact analyses and public hearings if a new bill emerges, to understand potential revenue effects and stakeholder impacts.
  • Check for companion bills or related tax-reform proposals that may reflect evolving policy priorities.

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

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