Bill
LC 3343
The bill aims to repeal the contractor’s gross receipts tax, eliminating the tax on contractors’ gross receipts.
LC 3343 – Repeal the Contractor's Gross Receipts Tax
Summary
- This bill proposes repealing the contractor’s gross receipts tax. The text and specifics of the tax repeal are not included in the provided materials. The bill’s title indicates the goal is to abolish a statutory tax on the gross receipts earned by contractors.
Basic bill information
- Bill number: LC 3343
- Title: Repeal the contractor's gross receipts tax
- Status: Draft; Died in Process
- Introduced: December 14, 2024
- Classification: Bill
- Subject areas: Motor Vehicles; Public Contracts; Revenue/Taxation; State Taxation; Taxation—Corporations; Taxation—Individual Income
What the bill aims to do
- Primary purpose: Eliminate a tax on the gross receipts of contractor businesses. The repeal would remove the statutory obligation for contractors to pay this specific gross receipts tax, thereby reducing their tax burden if the bill were enacted.
- Scope and definitions: Not provided in the available materials. The precise scope (which contractors are taxed, thresholds, and any definitions of “gross receipts” or affected activities) would be defined in the full bill text.
Key provisions (based on the title; text not provided)
- Repeal language: The bill would remove the statutory framework establishing the contractor’s gross receipts tax, including any rates, calculation methods, exemptions, and administration provisions.
- Transition provisions: Any necessary transitional language (e.g., ongoing filings for a partial year, refunds, or phased repeal) would be typical, but is not specified here.
- Administrative/ enforcement: The bill would likely address how existing contracts, audits, and credits interact with the repeal, but actual details are not included.
Who would be affected
- Primary: Contractors currently subject to the contractor’s gross receipts tax.
- Secondary: State and local government agencies or agencies administering the tax; taxpayers under the tax system; potential impacts on public contracts where the tax was a consideration in bid pricing.
Legislative timeline and status
- 2024-12-14: Drafter Assigned
- 2025-03-19 to 2025-03-21: Drafts processed through input/proofing, legal review, and assembly stages
- 2025-03-24 to 2025-03-31: Draft Ready for Delivery; Draft Delivered to Requester
- 2025-05-20: (LC) Draft Died in Process
- Current status indicates the draft progressed through standard drafting stages but ultimately did not advance to enactment.
Notes
- No enacted text, dollar amounts, dates of effect, or transition details are provided in the materials above. To assess exact fiscal impact, affected populations, or implementation mechanics, the full legislative text and fiscal notes would be required.
Compiled from official sources — confirm details with the bill’s official record.
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