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Bill

LC 1003

Generally revises laws related to individual income tax apportionment

2025 Regular Session

Broadly revises how individual income is apportioned across jurisdictions, affecting multi-state taxpayers and preparers; current draft died, with no enacted language.

(LC) Draft Died in Process
#revenue #state #taxation(generally) #taxation--individualincome
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Bill Summary · LC 1003

Summary of LC 1003: Generally Revises Laws Related to Individual Income Tax Apportionment

Quick take

LC 1003 is a bill that would broadly revise how individual income tax is apportioned across jurisdictions. The instruction and accompanying actions show that, as of mid-2025, the draft has not progressed to enactment and is considered dead in process.

Purpose and intent

  • The title indicates the bill aims to revise the set of laws governing apportionment of individual income for tax purposes.
  • No text has been provided in the available information, so the specific policy aims, such as changes to apportionment formulas, residency rules, or sourcing of income, are not detailed here.

Key provisions (availability and limitations)

  • Specific provisions, text, or numeral changes are not provided in the cited information.
  • What is known: the bill would “generally revise” laws related to how individual income is apportioned for state tax purposes.
  • Because no draft language is supplied, the exact mechanisms (e.g., which apportionment factors would be used, thresholds, conformity with federal rules, or changes to residency sourcing) cannot be confirmed from the available data.

Potential impact (hypothetical, if enacted)

  • Taxation framework: Could alter how income earned in one jurisdiction is taxed by another, potentially shifting tax burdens between states or localities.
  • Residency and sourcing: Might modify rules for determining resident vs. nonresident status or for sourcing income (e.g., wages, investments, and business income) to taxing jurisdictions.
  • Compliance and administration: Could affect withholding, estimated payments, return filings, and the work of tax preparers and state revenue departments.
  • Revenue impacts: Depending on the direction of the revisions, could increase or decrease state revenues, and could influence inter-state tax accounting and compliance costs for individuals with multi-state income.

Affected parties

  • Individual taxpayers, especially those with multi-state employment or investment income.
  • Tax professionals and preparers who assist with multi-jurisdictional returns.
  • State revenue departments and tax administrators responsible for apportionment rules and enforcement.

Procedural history and status

  • Introduced: November 11, 2024.
  • 2024-11-11: Drafter Assigned.
  • 2025-03-20: Draft On Hold.
  • 2025-05-23: Draft Died in Process.
  • Current status: LC Draft Died in Process; no active path to enactment based on the provided record.

Next steps

  • If interest remains, monitor for any reintroduction in a future session or for any new drafts that replace this proposal.
  • In the absence of text, no specific amendments or fiscal notes can be evaluated.

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

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