The General Assembly Raised Bill No. 1528 mandates a study by the Commissioners of Economic and Community Development and Revenue Services on various state taxes, including the personal income tax, sales and use taxes, the corporation business tax, and the affected business entity tax. The purpose of this study is to compare these taxes with those of surrounding states to identify potential programmatic and legislative changes that could enhance the state's economic competitiveness. The commissioners are authorized to consult with relevant individuals, businesses, and state agencies to gather necessary information for the study.

The bill stipulates that the findings and recommendations from this study must be reported to the joint standing committees of the General Assembly that oversee commerce and finance, revenue, and bonding by January 1, 2026. The new legal language introduced in this bill includes the requirement for the study and the timeline for the report, while there are no deletions from existing law noted in the text. The act is set to take effect upon passage.