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Bill

Bill

LC 2739

Revise tax laws

2025 Regular Session

LC 2739 aimed to revise tax laws, but the draft died in process; no bill text or specifics released, so potential impacts and affected groups remain unknown.

(LC) Draft Died in Process
#taxation(generally)
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WeVote Research Nonpartisan
Bill Summary · LC 2739

LC 2739 — Revise tax laws

Overview

  • Bill Number: LC 2739
  • Title: Revise tax laws
  • Status: Draft Died in Process
  • Introduced: December 11, 2024
  • Classification: bill
  • Subject: Taxation (Generally)

Status and Timeline

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

The bill was introduced late in 2024 and moved into the drafting stage, with the draft subsequently placed on hold. By May 27, 2025, the draft was recorded as having died in the process, meaning it did not progress to formal readings or enactment steps.

What the bill does (available information)

  • Purpose: The title indicates an aim to revise tax laws, but the specific substantive provisions are not provided in the available information.
  • Provisions: No textual provisions or enacted changes are publicly available in the information provided. As a result, there is no detail on which taxes would be impacted (e.g., individual or corporate income tax, sales/use tax, credits, deductions, exemptions, rates, or administration/enforcement changes).
  • Affected parties: Without the bill text, it is not possible to identify precise beneficiaries or burdens (e.g., taxpayers, businesses, tax agencies, or specific industries).

Potential impact (hypothetical, based on the title)

If enacted, the bill could have broad effects typical of tax-law revisions, such as:
- Changes to tax rates, brackets, or bases for individuals or corporations.
- Revisions to credits, deductions, or exemptions.
- Modifications to tax administration, compliance, or enforcement procedures.
- Implications for state revenues, budgeting, and fiscal planning.
- Administrative burden or simplification for taxpayers and tax authorities.

Note: These are generic possibilities. The actual impact would depend on the exact text of the bill.

Next steps for readers

  • Obtain the full bill text and fiscal notes to assess specific provisions, fiscal impact, and affected groups.
  • Monitor for any re-introduction or amendments if the bill is revived in the legislative process.
  • If analyzing implications, consider comparing provided provisions to existing tax law to identify net revenue effects and compliance changes.

If you can share the bill’s full draft text or any committee analyses, I can provide a detailed, provision-by-provision summary.

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

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