Bill
LC 995
The bill proposes revising laws governing property tax relief programs to update eligibility, calculation, funding, and administration.
Overview
- Bill Number: LC 995
- Title: Revise laws related to property tax assistance programs
- Status: Draft died in process
- Introduced: November 11, 2024
- Classification: bill
- Subject: Taxation (Generally), Taxation—Property
Status and procedural history
- 2024-11-11: Drafter Assigned
- 2024-11-12: Draft On Hold (twice noted)
- 2024-11-12: Draft On Hold (duplicate entry)
- 2024-11-12 onward: Status remained on hold during drafting
- 2025-05-23: (LC) Draft Died in Process
- Meaning: The bill did not advance beyond the drafting stage and is not expected to become law unless revived in a future legislative session or reintroduced under another bill number.
Purpose and intent (based on title)
- The bill proposes to revise existing laws governing property tax assistance programs. While the text with specific provisions is not provided here, the aim suggested by the title is to update, modify, or reorganize how property tax relief measures are structured, administered, funded, or evaluated.
Key provisions (note)
- The actual text of LC 995 is not included in the provided material. Therefore,:
- Specific eligibility criteria (income limits, age, disability, veteran status, etc.)
- Types of relief (exemptions, credits, deferrals, rebates, or other relief mechanisms)
- Calculation methods for benefits or relief amounts
- Funding sources and appropriation mechanisms
- Administrative oversight (responsible agencies, reporting, audits)
- Application and recertification procedures
- Anti-fraud and compliance measures
- Sunset provisions, effective dates, and transition rules
- Local government roles and intergovernmental coordination
- Any measurement of outcomes or reporting requirements
Affected parties
- Property owners eligible for or participating in property tax relief programs
- Property taxpayers generally who may be impacted by changes in relief provisions
- Local tax assessors and tax offices that administer relief programs
- State or provincial revenue/tax authorities overseeing property tax programs
- Local governments that administer or fund portions of relief programs (if applicable)
Implications and considerations
- Policy impact will depend on the actual revisions; potential effects could include changes to who qualifies for relief, how much relief is provided, how benefits are calculated, and how programs are funded and overseen.
- If enacted (in a different form or later as a new bill), the changes could affect budgeting for local jurisdictions and the affordability of property ownership for target populations.
Next steps and how to monitor
- Since LC 995 died in the drafting process, there is no current active version to implement. Stakeholders interested in property tax relief revisions should:
- Monitor for new or reintroduced bills with similar aims
- Review the text of any future proposals for exact provisions, costs, and administration
- Engage with legislators during the session to share priorities on eligibility, fairness, and administrative efficiency
Note: This summary reflects available information (title, status, and high-level context) but cannot detail specific statutory changes without the bill text.
Compiled from official sources — confirm details with the bill’s official record.
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