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Bill

LC 4101

Generally revise taxation laws

2025 Regular Session

LC 4101 aims to broadly overhaul state tax laws to modernize and simplify the system; however the draft died, so no changes or impacts were enacted.

(LC) Draft Died in Process
#taxation(generally)
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Bill Summary · LC 4101

Summary of LC 4101 – Generally revise taxation laws

What the bill is

  • Bill number: LC 4101
  • Title: Generally revise taxation laws
  • Subject: Taxation (Generally)
  • Classification: bill
  • Introduced: December 15, 2024
  • Status: Draft Died in Process (no further action expected)

Purpose and intent

  • The bill’s broad aim, as indicated by the title, is to undertake a general revision of the state's taxation laws. The available information does not provide the specific objectives or policy changes the bill would pursue (e.g., changes to tax bases, rates, credits, exemptions, administration, or enforcement). A “general revision” typically signals an effort to modernize, simplify, or harmonize tax provisions and to address gaps or ambiguities in the current code.

Key provisions (availability and limitations)

  • No text or detailed provisions are publicly available in the information provided. Consequently, there are no published specifics on:
    • Which taxes (income, sales/use, property, corporate, etc.) would be modified
    • Any changes to rates, credits, exemptions, or thresholds
    • Administrative rules, compliance processes, or enforcement mechanisms
    • Transitional rules or effective dates
  • If the text becomes available, a section-by-section comparison would be needed to identify substantive changes and their fiscal and administrative implications.

Affected parties and potential impacts (general)

  • As a broad tax code revision, potential effects could include:
    • Individual and corporate taxpayers (through changes to rates, deductions, or credits)
    • Tax administration and enforcement agencies (through new or revised procedures)
    • Businesses and financial institutions (via changes to tax liabilities and reporting requirements)
    • Tax policy makers and the broader economy (via shifts in revenue stability and compliance costs)
  • Without the bill text, the specific groups and magnitude of impact remain speculative.

Procedural timeline and status

  • 2024-12-15: Drafter Assigned; Draft On Hold
  • 2025-05-22: Draft Died in Process
  • Current status indicates the bill did not progress and is considered dead; no further legislative action is anticipated under this designation.

Next steps for readers

  • To assess potential impact if similar reform efforts arise, monitor new taxation reform bills and any accompanying fiscal notes or analyses.
  • If you seek detailed analysis, obtain the full bill text or amendments (if available) to review proposed provisions, fiscal impact, and transitional rules.

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

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