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Bill

LC 2138

Generally revise taxation laws

2025 Regular Session

Broad overhaul of taxation laws proposed; LC 2138 died in process with no enacted provisions or impact.

(LC) Draft Died in Process
#taxation(generally)
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WeVote Research Nonpartisan
Bill Summary · LC 2138

Summary: LC 2138 — Generally revise taxation laws

Overview

LC 2138 is a draft bill introduced on November 29, 2024, titled “Generally revise taxation laws.” The bill’s classification is a general taxation bill, and its subject is Taxation (Generally). The available legislative actions show that the bill progressed only as a draft and did not advance to enactment.

Purpose and Intent

  • The bill’s stated aim is to generally revise taxation laws. With such a broad title, the intended objective appears to be a comprehensive reform or modernization of the state or jurisdiction’s tax code. No specific policy provisions, rates, credits, or structural changes are provided in the available information.

Status and Timeline

  • Introduced: November 29, 2024
  • Drafter Assigned: November 29, 2024
  • Draft On Hold: December 3, 2024
  • Draft Died in Process: May 22, 2025
  • Current status: Died in process (LC), meaning the draft did not advance to committee or floor action and is no longer moving forward in its current form. The bill could potentially be reintroduced in a future session, but there is no active version on file.

Provisions and Changes (None Available)

  • No specific text or provisions are available to summarize. As a result, there are no concrete changes (rates, deductions, credits, administration, or enforcement provisions) to outline.
  • In general, a broad “ Generally revise taxation laws” bill could, if enacted, touch on areas such as income and corporate taxes, sales or use taxes, credits and deductions, tax administration and filing procedures, compliance penalties, and local government revenue considerations. However, these are speculative and not confirmed for LC 2138.

Potential Impact (Hypothetical)

  • If enacted, a broad reform could affect taxpayers, businesses, tax professionals, and tax administration, influencing:
    • Tax burdens across income groups and business sizes
    • Compliance complexity and filing requirements
    • Revenue projections and budgeting for governmental entities
    • Administrative procedures within tax agencies
  • Given the current status (died in process), there is no enacted impact to implement.

Affected Parties

  • Individual taxpayers and businesses subject to taxation
  • Tax professionals and preparers
  • Tax administration and revenue agencies
  • Local governments relying on tax revenues (depending on the scope of any reform)

Next Steps

  • Monitor the legislative database for any revival or reintroduction of LC 2138 or related tax reform proposals.
  • If you have access to the full bill text or committee analyses, I can provide a more detailed provision-by-provision summary and impact analysis.

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

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