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LC 4316

Provide property tax rebate for entity that did not receive past rebates

2025 Regular Session

LC 4316 aims to grant a property tax rebate to entities that did not receive earlier rebates, with eligibility, amount, and funding details to be determined.

(LC) Draft Delivered to Requester
#appropriations(seealso:statefinance) #taxation(generally) #taxation--property
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Bill Summary · LC 4316

Summary: LC 4316 — Provide property tax rebate for entity that did not receive past rebates

Quick facts

  • Bill Number: LC 4316
  • Title: Provide property tax rebate for entity that did not receive past rebates
  • Status: Draft (LC) delivered to requester
  • Introduced: January 16, 2025
  • Classification: bill (Appropriations / State Finance / Taxation)
  • Subject: Appropriations, Taxation (Property)

Purpose and intent

The bill is titled to provide a property tax rebate to an entity that did not receive past rebates. Based on the available information, the exact eligibility criteria, rebate formula, and administration have not been disclosed in the provided materials. The bill appears to aim at offering targeted relief to entities omitted from prior property tax rebate programs.

Key provisions (pending draft details)

As the text has not been released in full, specific provisions are not yet available. Anticipated areas that typically appear in a bill of this nature (and will be clarified in the draft) include:
- Eligibility criteria: which entities qualify (e.g., businesses, non-profits, municipalities), geographic scope, and time period for past rebates not received.
- Rebate calculation: how the rebate amount is determined (flat amount, percentage of property tax, cap, or tiered structure).
- Funding and fiscal impact: appropriation source, annual funding level, potential effects on state and local revenues.
- Administration: agency responsible (likely a state department of revenue or budget office), application process, verification of eligibility, and timing of payments.
- Oversight and reporting: required reporting to the Legislature, performance metrics, and sunset or extension provisions.
- Compliance and penalties: any audit or enforcement mechanisms if misrepresentation occurs.
- Relationship to existing rebate programs: coordination or replacement of prior rebates.

Affected parties and potential impact

  • Primary beneficiaries: entities that did not receive past property tax rebates and become eligible under this bill.
  • Fiscal impact: potential reduction in state or local tax collections for rebate payments; requires separate appropriation or reallocation of funds.
  • Administrative effects: creates or modifies an agency process for determining eligibility and issuing rebates.

Procedural timeline and status

  • 2025-01-16: Drafter assigned (initial step).
  • 2025-01-28 to 2025-02-01: Draft on/off hold (progression through drafting workflow).
  • 2025-03-03: Draft on hold (pause in progress).
  • 2025-03-21 to 2025-03-25: Drafts proceed through legal review, input/proofing, final drafting, and assembly stages.
  • 2025-03-25: (LC) Draft Ready for Delivery; (LC) Draft Delivered to Requester (final step documented here).
  • Next steps (typical): committee referral, hearings, potential amendments, floor votes, and eventual passage or rejection, followed by any required gubernatorial action and fiscal notes.

Next steps for readers

  • Obtain the full bill text and fiscal note to review exact eligibility, formulas, and funding.
  • Monitor committee actions and scheduled hearings for LC 4316.
  • Assess fiscal impact and implementation timelines once the text is released.

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

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