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Bill

LC 1862

Revise maximum mill levy calculation laws

2025 Regular Session

LC 1862 would revise how the maximum local mill levy is calculated, potentially changing property tax bills for cities, counties, and residents.

(LC) Draft Died in Process
#taxation--property #localgovernment #taxation
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Bill Summary · LC 1862

Summary of LC 1862 — Revise maximum mill levy calculation laws

Overview

LC 1862 is a draft bill titled “Revise maximum mill levy calculation laws” that would modify the rules used to calculate the maximum mill levy for local government property taxes. The bill is categorized under Local Government and Taxation—Property. It was introduced on November 22, 2024. As of May 27, 2025, the draft is noted as “Died in Process,” with prior status updates indicating the draft was placed on hold in December 2024 and assigned to a drafter on November 22, 2024.

Purpose and Intent

  • The explicit purpose is to revise the laws governing how the maximum mill levy is calculated for local governments.
  • Based on the title and subject areas, the bill would aim to alter the framework that determines the ceiling on property tax rates (in mills) that local taxing districts may levy, potentially affecting revenue ceilings and tax burden decisions by municipalities, counties, and other districts.

Provisions (available information)

  • Specific policy provisions, formulas, thresholds, exemptions, transition rules, or timelines are not provided in the information available here.
  • The exact changes to the calculation methodology, indexing, or caps remain unknown without the bill text.

Note: To provide a precise, item-by-item summary of provisions, the actual bill language or a bill analysis would be required.

Affected Parties and Impacts

  • Potentially affected: local governments (cities, counties, and other taxing districts) and property taxpayers.
  • Possible impacts (if enacted): changes to the maximum permissible property tax rates could influence municipal budgeting, service levels, and property tax bills. If the calculation method is altered, jurisdictions might have more flexibility or encounter new constraints in setting levies.

Procedural History and Timeline

  • 2024-11-22: Drafter Assigned
  • 2024-12-02: Draft On Hold
  • 2025-05-27: Draft Died in Process

Status

  • Current status: Draft died in process; effectively means the bill did not advance in its current form during the legislative session.

Additional Notes and Next Steps

  • The actual text of LC 1862 would clarify the precise changes proposed and their fiscal impact.
  • For readers seeking specifics, consult the official legislative website or bill tracking system for LC 1862 to obtain the bill text, fiscal notes, and any analyses.
  • If reintroduced in a future session, the bill could re-emerge with revised provisions; monitoring updates from the sponsoring committee or bill sponsor would be advisable.

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

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