Video & Transcript : 'tax' :
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MA
Massachusetts 2025-2026 Regular Session
Future of Payments and Sales Transactions by Credit Card and the Impacts for Small Businesses Jun 21st, 2026 at 11:00 am
Transcript Highlights:
- of her employment taxes and her enterprise taxes.
- any state tax, which includes all of the excise taxes... ...sales tax?
- the local sales taxes in Illinois and the regional sales taxes.
- tax yeah it's any state tax which includes all of the excise taxes in the state of Illinois and all
- We've got the state sales tax and we've got a local option sales tax on meals.
Summary:
The Special Commission on the future of payments and sales transactions by credit card heard extensive testimony from credit union, banking, retail, restaurant, and payments-industry representatives about proposals to limit interchange fees, especially on the tax and tip portions of transactions. Several witnesses opposed state-level restrictions, arguing they would create a patchwork of rules, burden state-chartered institutions, raise compliance complexity, and ultimately reduce resources for fraud prevention, cybersecurity, rewards, and access to credit. Others, including retail and merchant advocates, said swipe fees are a significant and growing cost for small businesses and that states should consider reforms such as limiting fees on taxes and tips, allowing surcharging, improving transparency in merchant contracts, and studying collection costs more closely.
Witnesses also discussed recent legal and regulatory developments, including Illinois’s interchange-fee law, OCC and NCUA interim rules, and the ongoing Visa/Mastercard antitrust settlement. Industry representatives said the Illinois law has been delayed and is likely preempted for most transactions, while merchant advocates argued the state efforts and court rulings show that networks and banks do not set fees competitively. The proposed antitrust settlement was described by some as a meaningful but limited merchant victory, with temporary fee reductions and expanded surcharge/steering rights, while others said it still falls short of structural reform.
The commission members pressed witnesses on the practical effects of fees, the cost of cash, whether merchants can pass costs through, and whether small businesses are actually seeing benefits from the current system. Members repeatedly emphasized the need for a fair middle ground that protects both small businesses and the payment system. No substantive votes or policy actions were taken beyond accepting testimony, and the meeting ended with adjournment after all scheduled witnesses had spoken.
AL
Transcript Highlights:
- But well, the excess tax is separate from well, the excess tax is separate from well, the excess tax
- The excess tax is, but this bill addresses that excess tax, this bill addresses that excess tax, this
- advocating for a tax advocating for a tax increase and taxing on a product that's increase and taxing
- tax tax.
- So I and then times we hear tax tax tax. So I and then times we hear tax tax tax.
LA
Louisiana 2026 Regular Session
House of Representitives Mar 9th, 2026
Transcript Highlights:
- We can do it without raising taxes.
- And our policies of abolishing the franchise tax, lowering income tax, tripling the standard deduction
- The Tax Foundation now ranks Louisiana as having one of the most competitive and lowest tax rates in
- House Bill by Representative McCormick, income tax, to repeal tax levied on income of individuals and
- House Bill 543 by Representative Newell, ad valorem taxes; tax exemptions; homestead.
Summary:
The House convened with a quorum, received and accepted multiple resignation notices from members representing Districts 37, 39, 60, 69, 97, and 100, and then recognized the election and qualification of the members-elect who filled those vacancies: Doyle Boudreau, Reese Broussard, Chasity Verrett-Martinez, and Edwin Murray. Each member-elect was sworn in, and the House also appointed committees to notify the Senate and the governor that it was ready to conduct business for the 2026 regular session.
The chamber then handled a large number of procedural actions related to prefiled legislation. By motion and without objection, the House suspended rules to refer prefile bills to committee and introduced a broad slate of House bills and resolutions. Topics included the state budget and appropriations, retirement system changes, carbon capture and sequestration, criminal justice and bail, public safety, education, health care, local government matters, transportation, and several memorial or commemorative resolutions. Several resolutions and bills were noted as lying over, and some prefiled bills were withdrawn from the files.
The House also received a Senate message that SCR 1 had been adopted, and the resolution was taken up without objection. The chamber then recessed for a joint session with the Senate to hear the governor’s address and a presentation honoring Technical Sergeant Adam W. Brister with the Distinguished Flying Cross. In his remarks, Governor Jeff Landry highlighted his administration’s priorities, including education, tax reform, workforce development, health and nutrition, insurance reform, transportation infrastructure, fiscal discipline, and criminal justice reform, while urging support for his agenda and several related bills and constitutional amendments.
NH
New Hampshire 2026 Regular Session
Committee of Conference on HB 155, HB 1102, HB 1109, HB 1356, HB 1469, HB 1323, HB 1376 (05/26/2026)
Transcript Highlights:
- And so I'm sorry. an business enterprise tax return. an business enterprise tax return.
- </c><00:18:12.799><c> I</c> uh tax any changes to the tax codes.
- I uh tax any changes to the tax codes.
- House is eager to cut taxes.
- You're worried about taxes.
Summary:
The committee first adopted amendment 2026-2021S to correct a drafting issue in the budget language so that the $2.5 million appropriation for Medicaid per diem rate stabilization at county nursing homes can be spent during the biennium rather than lapsing at the end of the fiscal year. Senator Lang explained that the funds are matched with federal dollars for a total of $5 million and are intended to prevent rate reductions that could shift costs to county property taxpayers. The amendment was adopted unanimously by both chambers, and the committee proceeded on the bill as amended by the Senate.
The main discussion then focused on HB 155 and a proposed amendment to the business enterprise tax. The House proposal would lower the BET rate in stages when combined business tax revenues exceed certain thresholds, while the Senate opposed an immediate rate reduction and argued that tax changes should be handled in a budget year. Senators emphasized that raising the filing threshold to $375,000 had already removed about 3,500 small businesses from filing requirements, and they preferred further relief through threshold changes rather than rate cuts. House members argued that the trigger-based reduction was a reasonable, tested mechanism and would provide future tax relief without taking effect unless revenues rose enough.
Members debated whether the trigger could be distorted by one-time revenue spikes, such as the recent tax amnesty receipts and prior federal repatriation-related revenue, and Representative Sweeney said he was willing to adjust the effective date or carve out amnesty revenue. The committee did not reach agreement on the BET reduction, and the chair called a break and then continued the meeting later with a new proposal to delay the trigger’s effective date to January 1, 2028. Senator Lang rejected that version but offered a counterproposal to raise the filing threshold to $400,000, and the parties ultimately agreed to continue discussions and reconvene later.
The meeting also took up HB 1102, concerning the research and development tax credit and state park fees. The House position was to support the R&D tax credit but remove the park-fee provisions, citing testimony from the Department of Natural and Cultural Resources that it did not need the increase and concerns about discouraging tourism, especially at border parks. Supporters of the park-fee language argued that the department had not raised rates in years, could set its own rates, and should be able to charge nonresidents more while keeping New Hampshire residents’ fees lower. The discussion remained unresolved, with members debating the likely effect on tourism and fairness to residents versus the need for additional revenue.
CA
California 2025-2026 Regular Session
Assembly Transportation Committee Jul 7th, 2025
Transcript Highlights:
- instead of a sales tax.
- A gross receipts tax instead of a sales tax, because it could generate more revenue.
- payroll tax, and it is a better, I think, business tax to have.
- Jet fuel sales tax revenue.
- But I would understand between the fuel excise tax and the tax on aircraft jet fuel, that that really
Summary:
The Assembly Transportation Committee heard several measures, beginning with SB 86, which would extend and expand the CAEATFA sales and use tax exclusion program through 2031, raise the annual cap from $100 million to $200 million, and add fusion energy. Supporters, including the State Treasurer and industry and labor representatives, cited billions in clean-tech investment, job creation, and environmental benefits; county groups opposed the bill over local revenue losses. The committee approved SB 86 on a 12-0 roll, holding the roll open for additional members.
The committee then heard SB 545, which would require Go-Biz to study economic development opportunities along the California high-speed rail corridor, including land value, development incentives, and public-private partnerships. Labor, Fresno’s mayor’s office, and other stakeholders supported the bill as a way to spur corridor development and future funding opportunities, while one business group moved from opposition to neutral after amendments. The bill passed on a 9-1 vote, with the roll held open.
Members next considered SB 63, a Bay Area transit funding measure authorizing a regional revenue measure to support transit operations amid looming fiscal shortfalls. The author and witnesses described severe service cuts that could follow without new funding, while committee members raised concerns about the bill’s structure, county participation, polling, and whether other revenue options should be considered. The bill advanced on a 9-3 vote, with the roll held open, and the committee also approved SB 263, directing a state study of tariff impacts on California’s economy and supply chains, on an 11-0 vote. Finally, the committee heard SB 661, which would redirect aviation-related tax revenues back to airports for aviation purposes and bring the state into compliance with federal requirements; testimony focused on airport modernization, rural access, and allocation formulas, but no final vote was taken in the portion provided.
MN
Minnesota 2025-2026 Regular Session
Extending aspects of the state's reinsurance program 3/5/26
Minnesota House Floor Meeting
Transcript Highlights:
- Then they pay an assessment, and there is a tax credit that goes back on the tax liability they would
- credit against state tax liability.
- tax credit on an individual tax return for something someone did or paid for and then gets a tax credit
- </c> then then it comes back as a tax credit. then then it comes back as a tax credit.
- </c> No different than we would offer a tax No different than we would offer a tax credit<00:25:34.080
MN
Minnesota 2025-2026 Regular Session
Pass-through entity extension (Part I) 3/11/26
Minnesota House Floor Meeting
Transcript Highlights:
- You're a stickler about having no other tax bill except a tax bill and sometimes a conformity bill.
- You have to be careful in tax committee with putting bills on the floor.
- You're a stickler about having no other tax bill except a tax bill and sometimes a conformity bill.
- You have to be careful in tax committee with putting bills on the floor. The floor.
- Would extend the expiration date for the state's pass-through entity tax.
MO
Missouri 2026 Regular Session
Special Committee on Tax Reform Feb 5th, 2026 at 09:00 am
Special Committee on Tax Reform
Transcript Highlights:
- Special Committee on Tax Reform will now come to order. Madam Clerk, please call the roll.
- You're taxing my money this morning. All right, I think I understand.
- property, if we don't change... ...property tax money out of personal property.
- Just in the last seven or eight years, we have reduced the state income tax.
- . ...consistently, and I think somewhat responsibly, cutting taxes.
Committee:
House Special Committee on Tax Reform
ID
Transcript Highlights:
- The governor did not include tax conformity in the bill.
- The governor did not include tax conformity in the bill, in his budget.
- policy and where sales taxes are being spent, right?
- I started talking about sales tax distributions earlier.
- district property tax relief.
Committee:
Senate Health and Welfare
MO
Transcript Highlights:
- The three tax credits are a child care contribution tax credit, an employer-provided child care assistance
- tax credit, and a child care provider tax credit.
- they do not have a tax liability.
- This is a 30% tax credit.
- They're pre-tax accounts.
Committee:
House Economic Development
OK
Transcript Highlights:
- Because basically what we're doing is this is a tax. Is that correct? No, this is not a tax.
- of every income tax credit that they can.
- income tax.
- I see your point, but again, most people are using some form of tax software to file their taxes, whether
- , all the tax credits that they can.
Committee:
Senate Public Safety
Summary:
The Public Safety Committee took up several criminal justice and public safety measures. Senate Bill 1936, as amended, increased penalties for impersonating law enforcement from a misdemeanor to a felony and expanded seizure provisions; amendments added federal law enforcement agents and state troopers to the covered officers, and the bill passed unanimously. Senate Bill 1612, requested by Tulsa police, would require limited reporting and sharing of certain injury-related information and hospital video/photo evidence with law enforcement to aid violent-crime investigations; members raised HIPAA, scope, and criminalization concerns, but the bill passed 5-2. Senate Bill 1543 would aggregate multiple DUI offenses within one year into a single felony case; after questions about sentencing, municipal charges, and deterrence, it passed 6-2. Senate Bill 1260 would require child sex traffickers and human traffickers to serve 100% of their sentences without parole or earned credits, and it passed 6-2.
The committee also considered Senate Bill 1988, which would increase wire-transfer fees on funds sent outside the United States and restore an income-tax credit for Oklahoma filers; members questioned whether it functioned as a tax, its impact on lower-income senders and service members, and its connection to drug trafficking. The bill failed on a 4-4 vote. Senate Bill 1859, creating an OSBI cybercrime and fraud unit with an estimated $3 million fiscal impact, passed unanimously after testimony that cyber and cryptocurrency fraud are growing and often harm elderly victims. Senate Bill 2041 would make a third possession offense for methamphetamine, fentanyl, or cocaine a felony, with supporters saying it would push offenders toward drug court and opponents warning it would increase incarceration; it passed 6-2. Finally, Senate Bill 1257 would classify THC as a Schedule I drug to align with federal law and close trafficking loopholes, and it passed unanimously. Senate Bill 1584 was laid over at the author’s request.
NM
New Mexico 2026 Regular Session
House - Commerce and Economic Development Jan 30th, 2026 at 07:51 pm
House Commerce & Economic Development Committee
Transcript Highlights:
- By tying the tax credit to both redevelopment and appropriate, By tying the tax credit to both redevelopment
- And I think, you know, when I'm looking at the tax credit, and as we saw in the previous tax credit as
- And so a tax credit like this, which is... ...the acquisition of this, and so a tax credit like this,
- tax committee, I was close enough to ask a tax question.
- And here's a tax credit.
WY
Transcript Highlights:
- Taxes by any other name are still taxes. Crippling taxation lights taxpayers' hair on fire.
- Taxes by any other name are government. Taxes by any other name are still<01:06:19.680><c> taxes.
- imposed</c> which states tax taxes cannot be imposed which states tax taxes cannot be imposed without
- </c> will be burdened by the tax. will be burdened by the tax.
- </c><01:14:15.360><c> Uh</c> semantics of a fee or a tax. Uh semantics of a fee or a tax.
Committee:
Senate Judiciary
HI
Hawaii 2026 Regular Session
AEN-HOU, AEN-EIG, AEN Public Hearings 03-18-2026
Agriculture and Environment
Transcript Highlights:
- It's a per-barrel tax, and the other is a tax on non-petroleum fossil fuels where there is a tax charged
- It's a per-barrel tax, and the other is a tax on non-petroleum fossil fuels where there is a tax charged
- and the other is a a per barrel tax and the other is a tax<00:43:04.720><c> on</c> tax on tax on uh<
- Again, to the barrel tax, the barrel tax is on the table, and the barrel tax is supposed to help agriculture
- </c><01:25:34.600><c> Um</c> take uh this tax credit. Um take uh this tax credit.
Committee:
Senate Agriculture and Environment
Summary:
The committee heard testimony on HB 1737, which clarifies allowable uses in agricultural districts for farm dwellings and farm employee housing, and HB 1604 HD2, which creates an agricultural workforce housing working group within the Department of Agriculture and Biosecurity. Testimony on HB 1737 was overwhelmingly supportive, with county agriculture officials, the Hawaii Farm Bureau, and Hawaii Farmers Union backing the measure; one witness asked for a definition of “affordable” to guard against misuse of farm housing. For HB 1604, the Department of Agriculture, Hawaii Farm Bureau, Housing Hawaii’s Future, Hawaii Farmers Union, and the Office of Hawaiian Affairs supported the bill, with OHA requesting disaggregated data and a seat on the working group. Committee discussion focused on housing shortages, possible misuse, affordability, and whether innovative housing models such as modular, tiny, and container homes should be considered.
The committee then took action on both measures. HB 1737 HD3 was recommended to pass with amendments that would limit farm employee housing to agricultural employees and their immediate family members actively engaged in the farm operation, add a grandfathering provision for existing permitted housing, preserve county zoning authority, clarify that ag tourism must be secondary and not occur in employee housing, delete a square-footage-per-acre ratio, and defer the effective date to July 1, 2050. HB 1604 HD2 was also recommended to pass with amendments adding OHA and a housing-shortage organization to the working group, expanding its scope to include modular, tiny, and container homes and permitting/zoning streamlining, and deferring the effective date to July 1, 2050. Both motions were adopted unanimously by the members present.
The joint hearing then moved to HB 1736, which would establish a spay and neuter special fund and require sterilization and declaration provisions for cats, with some discussion of dogs. DLNR and the Hawaiian Humane Society supported the bill, while Pacific Pet Alliance objected to the broader requirements and the inclusion of dogs; the Hawaiian Humane Society and American Bird Conservancy supported cat-focused sterilization and the special fund, while some testifiers opposed mandatory sterilization as too costly or intrusive. Members raised questions about toxoplasmosis, trap-neuter-release, enforcement, neighbor-island access, and funding needs, and DLNR indicated additional funding and third-party contracting would likely be needed. The transcript then began HB 1620 HD2 on energy, which would increase the environmental response energy and food security tax and shift funds from the hydrogen fueling subaccount to EV charging infrastructure; state agencies generally stood on written testimony in support, while the Tax Foundation objected to special fund earmarks and noted the bill raises only one part of the barrel tax structure.
TX
Transcript Highlights:
- Current law allows a taxing unit to levy an INS tax rate in addition to an M&O tax rate.
- Senate Bill 1453, relating to the current debt rate and tax rate of a taxing unit for ad valorem tax
- tax rate that exceeds the no-new-revenue tax rate, to Local Government.
- taxing units, to Local Government.
- to adopt an ad valorem tax rate that exceeds the voter-approved tax rate, to Local Government.
Bills:
SJR12 , SCR39 , SB27 , SB29 , SB241 , SB406 , SB414 , SB464 , SB568 , SB578 , SB609 , SB660 , SB689 , SB693 , SB785 , SB857 , SB879 , SB921 , SB922 , SB955 , SB985 , SB993 , SB996 , SB1008 , SB1035 , SB1036 , SB1059 , SB1098 , SB1120 , SB1122 , SB1147 , SB1188 , SB1197 , SB1209 , SB1227 , SB1245 , SB1267 , SB1307 , SB1321 , SB1332 , SB1386 , SB1396 , SB1453 , SB1484 , SB1494 , SB1536 , SB1537 , SB1596 , SB1610 , SB1664 , SB1741 , SB1814 , SB1822 , SB1841 , SB1948 , SB2065 , SB2155 , SB2188 , SB2230 , SB2406 , SB2407
Summary:
The Senate convened with a quorum present, heard an invocation, and approved the previous day’s journal. The chamber then adopted Senate Resolution 358 honoring the University of Texas Rio Grande Valley on its 10th anniversary, with senators highlighting the university’s growth, medical school, research expansion, and role in serving South Texas. The Senate also adopted Senate Resolution 368 honoring outgoing Texas A&M University System Chancellor John Sharp, with numerous senators praising his long public career, leadership in higher education, and statewide impact. Senate Resolution 361 recognizing Texas HBCU Day and Senate Resolution 362 recognizing Denton County Days at the Capitol were also adopted, along with other routine recognitions and gubernatorial appointments being read into the record.
The Senate then took up several bills. Committee Substitute Senate Bill 27, relating to rights and support for public school educators, was debated and amended to shorten vacancy posting requirements, allow bilingual certification candidates to retake only failed test sections, give teachers more flexibility with paid leave, clarify classroom removal procedures, and ensure parents are informed of appeal rights. The bill passed to engrossment, the three-day rule was suspended, and it was finally passed unanimously. Senate Joint Resolution 12, proposing a constitutional amendment to establish a parent’s right to direct a child’s education, was also brought up and passed to engrossment after a contested suspension vote.
The Senate next passed Committee Substitute Senate Bill 1741, which would require reporting of foreign funding at public universities, bar gifts from adversarial governments, and require training and reporting systems to prevent foreign influence and intellectual property theft in higher education. Committee Substitute Senate Bill 29, the so-called “Dexit” bill, was debated at length for its corporate governance changes, including codifying the business judgment rule and altering internal corporate litigation and records rules; it passed to engrossment, the three-day rule was suspended, and it was finally passed by a 30-1 vote. Senate Bill 857, allowing law enforcement discretion to tow vehicles driven by unlicensed or uninsured drivers, passed after discussion of towing abuses during flooding and disaster conditions. Committee Substitute Senate Bill 1536, requiring dementia and Alzheimer’s training for certain guardians, passed with broad support, and Senate Bill 922, addressing delayed electronic disclosure of sensitive medical test results so physicians can discuss them first, was taken up and passed to engrossment as the chamber continued through its calendar.
NH
Transcript Highlights:
- </c> doesn't end up as a local property tax doesn't end up as a local property tax hit<00:13:54.040><
- </c> education tax scholarship credit uh tax education tax scholarship credit uh tax credit<00:32:27.960
- It is a tax credit. They do get a tax credit. That’s the name of the program.
- It is a tax credit. They do get a tax credit. That’s the name of the program.
- It is a tax credit. They do get a tax credit. That’s the name of the program.
Committee:
Senate Education Finance
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 1 on Health May 19th, 2026
Transcript Highlights:
- Our current MCO tax... Our current MCO tax consists of two components.
- We have the AB 19 tax that is subject to Proposition 35 and the increased tax levels authorized by SB
- The current MCO tax imposes most of the tax on Medi-Cal enrollment and very little tax on private insurance
- The current MCO tax imposes most of the tax on Medi-Cal enrollment and very little tax on private insurance
- So I'll start with the MCO tax.
Summary:
The Assembly Budget Subcommittee on Health held a May Revision hearing covering several health-related budget proposals and broader concerns about the state’s budget structure. The Chair opened by praising some May Revision changes, such as added health IT funding, county administration support tied to Medi-Cal changes, a delay in Medi-Cal cuts for some lawfully present immigrants, and additional support for Covered California subsidies, while criticizing proposed increases in Medi-Cal premiums, changes to senior eligibility, the lack of a Medi-Cal dental solution, and other reductions affecting counties, mobile crisis units, workforce incentives, and physician shortages. The Legislative Analyst’s Office said the state’s budget condition remains weak despite progress on the structural deficit, and the Department of Finance said the May Revision uses a mix of reductions, reforms, revenue proposals, and fund shifts to cut out-year deficits.
The committee first heard Department of State Hospitals proposals, including adjustments to county bed billing authority, contract exemption language for online clinical/pharmacy subscriptions, reversion of unspent funds, a revised Metro Central Utility Plant replacement project, electronic health record implementation, and workforce development funded partly through Behavioral Health Services Act resources. DSH also described savings and realignments in incompetent-to-stand-trial and conditional release programs, including extending the independent placement panel program and shifting funds to support additional bed capacity and a mental health rehab center. Members asked about the use of BHSA funds for workforce programs, and the department said the proposal would replace General Fund support with BHSA reimbursements.
The Emergency Medical Services Authority proposed funding for statewide behavioral health crisis response guidance and for enterprise system development, and the Department of Managed Health Care proposed modernization of its complaint system and claims-settlement data system to improve oversight and comply with AB 3275. The largest discussion centered on the administration’s BHSA spending plan under Proposition 1, including state-directed prevention, workforce, and other uses, plus General Fund offsets for existing programs. The LAO questioned whether some proposed offsets fit Proposition 1’s non-supplant and eligible-use requirements, while the administration argued the uses were consistent with the measure and that the state-directed share can be adjusted annually.
The Commission for Behavioral Health’s proposals drew the most public and member concern. The administration proposed cutting the commission’s Innovation Partnership Fund from $20 million to $10 million and reducing the Community Advocacy Program by $6.7 million, while redirecting BHSA dollars to other state purposes and direct services. Commissioners, advocates, and several members argued the cuts would weaken community voice, reduce support for underserved populations, and disrupt grants already in process; they also objected to using BHSA funds to backfill General Fund commitments. Public commenters, including youth, disability, behavioral health, LGBTQ, tribal, veteran, immigrant, and community-based organization representatives, overwhelmingly opposed the cuts and urged preservation of prevention, advocacy, mobile crisis, and innovation funding. No votes or final actions were taken during the hearing.
TX
Transcript Highlights:
- Adverarium taxes imposed as a result of change due to a certain land.
- State and local taxes, including school district maintenance and operation ad Varium taxes, the enactment
- of the state and local value added taxes and the related school finance reform imposing taxes in front
- taxes and related school finance reform imposing taxes refer to the Committee on Ways and Means.
- the year in which a disaster occurs to adopt an adviarum tax rate that exceeds the voter approval tax
NH
New Hampshire 2025 Regular Session
House Finance Division I (01/22/2025)
Transcript Highlights:
- Taxes that DRA does not collect include the insurance premium tax, the beer tax, and the road toll, or
- the gas tax.
- Other larger taxes include the meals and rooms tax, the tobacco tax, and the real estate transfer tax
- include</c><01:08:51.560><c> the</c> tax um other um larger taxes include the tax um other um larger
- c> meals and rooms tax the tobacco tax and meals and rooms tax the tobacco tax and the<01:08:55.199><
Summary:
New Hampshire Housing Finance Authority officials, led by Executive Director Rob Dapice, briefed legislators on the agency’s structure and funding. They explained that the authority is created by state law but is not a state agency, its debt is not state debt, and it is governed by a board appointed by the governor and approved by the Executive Council. The discussion focused on the Affordable Housing Fund and the lead paint hazard remediation fund, including how state appropriations and federal resources are combined to finance affordable rental housing and lead abatement work.
Dapice said the Affordable Housing Fund is used as gap financing for multifamily affordable housing projects, typically alongside federal tax credits and tax-exempt bonds, and that state dollars leverage roughly 2:1 to 10:1 in additional federal and private investment, averaging about 4:1. He said the fund has received historic appropriations in recent budgets, including $30 million over the last two biennial budgets and an annual $5 million set-aside from the real estate transfer tax. He also said the fund is usually structured as 0% interest, deferred loans rather than grants, with repayments returning to the fund if projects generate cash flow.
Members asked about rents, oversight, staffing, revenues, and whether the programs had added positions. Dapice said affordability restrictions generally last 30 to 99 years, rents are tied to income limits and capped so tenants pay no more than 30% of income, and compliance staff inspect properties regularly to verify income eligibility and rent limits. He said the organization has about 130 to 135 employees, down from about 145, with no new positions added because of the appropriations. He estimated total revenues at roughly $300 million, with administrative budget around $22 million, much of it pass-through grant money.
On lead paint remediation, he said the state first appropriated $6 million in 2019, plus $1 million in ARPA funds, and that the program has cleared more than 500 units. He said the federal grant program is not annual or predictable, with a recent award of about $7.75 million, and that the maximum federal grant per unit is $177,000, typically paired with up to $100,000 in state loan support. He also noted that the program can address homes before a child is poisoned if lead hazards are identified, but that cases involving an already exposed child are a higher priority. No votes or formal actions were taken.
MO
Missouri 2026 Regular Session
Commerce Mar 11th, 2026
Commerce, Consumer Protection, Energy and the Environment
Transcript Highlights:
- So we will be happy to take their sales tax.
- So the point-of-sale tax collection, all that.
- I think the tax credit's a 20% tax credit on investments over $5 million and less than $15 million.
- can only earn the tax credit if they sell.
- So, yeah, not a huge fan of tax... Thank you, Mr. Chair.
Summary:
The Commerce Committee met with quorum and first took up several bills in executive session. It adopted a House committee substitute for House Bill 2080 and then voted the substitute do pass on a 6-2 roll call. The committee also voted House Bill 1745 do pass by 6-2 and House Bill 3230 do pass unanimously, 8-0. HB 2080 was described as a proposal related to state investment in cryptocurrency, including Bitcoin, other crypto and stablecoins, with a trigger tied to constitutional changes and language allowing staking of assets.
In public hearing, House Bill 3490, sponsored by Rep. Mike Jones, would modify Missouri’s Local Historic Preservation Act so that in certain large cities, property owned by public or private colleges and universities could not be designated as historic landmarks by local commissions. Supporters argued the bill would protect property rights and allow universities to develop campus property, while opponents and some members said it appeared aimed at a specific Kansas City dispute and could be overbroad or an overreach into local historic preservation. No one testified in formal support or opposition, and the hearing closed without action.
The committee then heard House Bill 3316, a Department of Revenue cleanup bill sponsored by Rep. Jeff Knight. The department said it would simplify vehicle registration and titling, including flat registration fees instead of horsepower-based fees, changes to alternative fuel decals, disabled placards, Real ID document retention, out-of-state vehicle tax collection, legal-name titling, higher late-registration penalties, and ending even-odd year registration. Members asked about water-damaged titles, dealer plate thresholds, emissions inspections, and temporary tags; the department and sponsor said they were open to amendments on some points. Copart testified in informational support, asking that resale exemptions remain intact. The committee then heard House Bill 3027, also by Rep. Knight, which would create tax incentives for companies producing critical minerals, materials, and certain pharmaceuticals in Missouri. The sponsor and supporters said the bill was aimed at reducing dependence on foreign supply chains and encouraging mining and processing in-state; a chemical manufacturer suggested tightening the bill by making credits nontransferable and tying them to actual production and profitability, and the Missouri Chamber supported the concept. After the hearings, the committee adjourned.