summary
Introduced
03/25/2025
03/25/2025
In Committee
06/02/2026
06/02/2026
Crossed Over
06/19/2025
06/19/2025
Passed
07/02/2026
07/02/2026
Dead
Signed/Enacted/Adopted
07/02/2026
07/02/2026
Introduced Session
2025-2026 Session
Bill Summary
AN ACT TO MAKE VARIOUS CHANGES TO THE REVENUE LAWS; TO SHIFT ENFORCEMENT OF VAPOR DIRECTORY VIOLATIONS TO THE ALE DIVISION; TO ENHANCE TAX FORECLOSURE AND SPECIAL ASSESSMENT COLLECTION EFFORTS; TO UPDATE LAWS RELATED TO CREDIT UNIONS; TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE; TO PROTECT DISABLED AND OLDER ADULTS FROM FINANCIAL EXPLOITATION AND TO UPDATE THE SAVINGS BANK LAWS TO INCREASE ALIGNMENT WITH THE COMMERCIAL BANKING LAWS; TO PROVIDE A METHODOLOGY FOR RETAILERS TO ROUND CASH TRANSACTIONS DUE TO THE ELIMINATION OF THE PENNY; AND TO INCREASE COMPENSATION FOR MEMBERS OF THE BOARD OF TRUSTEES OF THE PIEDMONT AUTHORITY FOR REGIONAL TRANSPORTATION.
AI Summary
This bill makes numerous changes to various revenue laws, including shifting the enforcement of vapor product directory violations to the ALE (Alcohol Law Enforcement) Division, enhancing efforts to collect delinquent taxes through foreclosure and special assessments, and updating laws related to credit unions and savings banks to align them more closely with commercial banking laws. It also introduces provisions to protect disabled and older adults from financial exploitation, establishes a methodology for retailers to round cash transactions due to the elimination of the penny, and increases compensation for members of the Piedmont Authority for Regional Transportation Board of Trustees. Additionally, the bill updates references to the Internal Revenue Code (IRC), which is the primary set of federal tax laws, to reflect current federal tax legislation.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Ch. SL 2026-31 (on 07/02/2026)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Banking System and Financial Institution Regulation and Reform
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
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