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Bill

LC 996

Provide truth in taxation laws for property taxes

2025 Regular Session

Establishes truth-in-taxation for property taxes, requires clearer assessments and notices so homeowners understand why their property tax bills change.

(LC) Draft Died in Process
#taxation(generally) #taxation--property
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WeVote Research Nonpartisan
Bill Summary · LC 996

Summary of LC 996 — Provide Truth in Taxation Laws for Property Taxes

LC 996 is a draft bill focused on establishing truth-in-taxation standards for property taxes. The bill’s status indicates it did not progress to enactment in its current session.

Overview

  • Bill Number: LC 996
  • Title: Provide truth in taxation laws for property taxes
  • Subject: Taxation (Generally); Taxation—Property
  • Introduced: November 11, 2024
  • Classification: bill
  • Status history:
    • 2024-11-11: Drafter Assigned
    • 2024-12-16: Draft On Hold
    • 2025-05-23: Draft Died in Process

Purpose and Intent (inferred from title)

Based on the bill’s title, LC 996 appears intended to strengthen or establish truth-in-taxation requirements related to property taxes. This typically involves increasing transparency around how property taxes are assessed, levied, and communicated to taxpayers, with the aim of ensuring taxpayers understand the basis for their property tax burdens.

Key Provisions (availability and limitations)

  • Text not provided in the information available here. Therefore, specific provisions, definitions, and requirements cannot be listed.
  • In general, truth-in-taxation measures often address:
    • Transparent disclosure of assessment procedures and valuation methodologies
    • Clear notices to property owners about tax changes, levy rates, and budget impacts
    • Regular reporting or comparison of current year taxes to prior periods
    • Provisions for taxpayer review, hearings, or appeal processes
    • Timelines for when notices must be issued and actions taken by assessing authorities

Note: The above potential elements are common in truth-in-taxation frameworks and may not reflect the actual text of LC 996.

Affected Parties

  • Property owners and property taxpayers
  • Local tax assessors, assessors’ offices, and boards involved in property tax levies
  • Local governments, school districts, and other entities that rely on property tax revenues

Procedural and Timeline Aspects

  • Introduced: 2024-11-11
  • Draft status changes:
    • On Hold: 2024-12-16
    • Died in Process: 2025-05-23
  • Current status indicates the bill did not advance to enactment in its respective session.

Potential Impact (if enacted)

  • Improved transparency for taxpayers regarding how property taxes are calculated and what drives changes in tax bills
  • Possible administrative requirements for local taxing authorities to provide clearer notices and disclosures
  • Potential effects on tax appeals processes and public oversight of budgeting and levies
  • Local governments and districts might experience changes in administrative workload or reporting requirements

Next Steps for Interested Readers

  • Verify the full text in the official legislative database to confirm provisions and amendments
  • Monitor any future sessions for reintroduction or related bills
  • Engage with local representatives or committees if interested in supporting or opposing truth-in-taxation measures

This summary captures the available information and contextual implications based on the bill’s title and status.

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

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