Video & Transcript Research : 'depreciation schedule'

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MA

Massachusetts 2025-2026 Regular Session

Formal House Session 25 Jun 21st, 2026 at 11:00 am

Massachusetts House Floor Meeting

Transcript Highlights:
  • The Committee on Steering, Policy and Scheduling reports that the matter be scheduled for consideration
  • main provisions of the OB3: domestic research and experimental expenditure, business interest, depreciable
  • business assets, qualified production property depreciation allowance, and opportunity zones.
  • all know that this year is an unprecedented year because we have more communities that are either scheduling
  • or talking about scheduling two and a half overrides because they're being burdened by the heavy increases
Keywords: 995, all
Summary: The House opened with the Pledge of Allegiance and received a resignation letter from Rep. Fana Howard of Lowell, effective March 17, 2026, as she transitioned to the Senate. The chamber then took up several procedural orders, including multiple unanimous or voice-vote suspensions of rules and concurrence with Senate petitions, such as referrals on housing and student transportation matters, and a suspension of Joint Rule 12 for a petition involving children served by DCF. The main substantive item was House No. 5264, a fiscal year 2026 supplemental appropriations bill totaling about $1.8 billion. Members discussed its use of Fair Share surtax surplus funds for transportation and education, including major support for the MBTA, special education circuit breaker costs, early education and child care, snow and ice costs, regional transit authorities, and other deficiencies such as GIC and sheriff costs. Members also explained the bill’s tax conformity provisions responding to recent federal tax changes, with debate over whether to delay conformity to limit state revenue exposure. The House adopted a consolidated amendment to the bill and then passed it to be engrossed by roll call vote, 150-3. The House also adopted a resolution commending the Admetek Foundation on Prostate Cancer Awareness Day. Several local bills were advanced, including a sick leave bank for a Department of Corrections employee, a bill waiving the minimum age requirement for a Boston police officer, a Nantucket charter bill, a Stoneham public safety bill, and a Malden special police officers bill, the last of which was amended before being engrossed. The chamber also considered Amendment 43 to redistribute $100 million of Fair Share revenue more evenly to municipalities for roads and education; supporters argued the current distribution favored statewide priorities over local aid, while opponents said the formula would not adequately address rural road needs. That amendment was rejected 128-25. The House then recessed several times, observed moments of silence for local public servants, welcomed visiting youth sports teams, and finally ordered adjournment to meet the next day at 11 a.m. in informal session.
MA

Massachusetts 2025-2026 Regular Session

Formal House Session 25 Mar 18th, 2026

Massachusetts House Floor Meeting

Transcript Highlights:
  • The Committee on Steering, Policy and Scheduling reports that the matter be scheduled for consideration
  • main provisions of the OB3: domestic research and experimental expenditure, business interest, depreciable
  • business assets, qualified production property depreciation allowance, and opportunity zones.
  • all know that this year is an unprecedented year because we have more communities that are either scheduling
  • or talking about scheduling two and a half overrides because they're being burdened by the heavy increases
Keywords: 1212, all
OK
Summary: The transcript captures the opening of a House session. After several brief expressions of thanks and acknowledgments, the presiding officer announces that the House is now in session. The only formal action noted is that the House will stand at recess to call the chair. No bills, committee matters, testimony, debate, or votes are mentioned in the excerpt.
OK
Transcript Highlights:
  • Members, House Bill 3178 creates a standard depreciation table for county assessors to use when evaluating
  • My concern is if we carve something out and put it on a four-year schedule, are you aware that the IRS
  • No, I would say that this is a great springboard into how the counties can adapt to such a schedule for
  • And maybe if it was a known depreciation and we weren't relying on those farmers to potentially pay tax
Summary: The House convened with prayer, the pledge, and several recognitions, including Veteran of the Week Major General (ret.) Tony L. Wright, Doctor of the Day Dr. Jeanette Kelly, Capitol Day students, Girl Scouts, and family members of legislators. Members also adopted House Resolution 1038 honoring the Oklahoma Youth Expo and its agricultural education and scholarship impact, including recognition of top ag mechanics exhibitors. The chamber then considered and passed several bills, including HB 3263 designating the morel mushroom as the state mushroom; HB 315 setting qualifications and a term limit for the Department of Corrections director; HB 2123 revising authorization for an Arkansas River bridge project near Bigsby; HB 3587 allowing court-ordered outpatient mental health treatment; HB 3028 allowing career techs in public schools to pass along credit card surcharges; HB 2035 clarifying transportation protection agreements related to funeral services; HB 3369 allowing food trucks to use two fire extinguishers and training in lieu of an automatic suppression system; and a series of census-related bills creating a census count committee, reestablishing a state data center function, and updating Commerce technology for census address work. The House also passed HB 3624 to standardize county boundary mapping, HB 3175 creating an Oklahoma Advanced Nuclear Energy Office, HB 3173 allowing repurposing of orphaned and abandoned wells for geothermal or energy storage uses, and HB 4476 creating a revolving-fund rebate program to help smaller communities compete for music events and tourism. Two measures failed on final passage: HB 3178, which would have created a standard depreciation table for county assessors to value farm equipment, and HB 1979, which would have created an Early Childhood Task Force. In both cases, members later served notice of intent to reconsider the failed votes. The House also reconsidered and passed previously failed motions on HB 3127 and HB 2997. Most bills that reached final passage were approved by recorded vote, with HB 3178 failing 43-45 and HB 1979 failing 46-43. The House adjourned until the next scheduled meeting.
NH

New Hampshire 2026 Regular Session

House Transportation (01/23/2026)

Transportation

Transcript Highlights:
  • So um where it's going to depreciate.
  • </c> within the range of uh the depreciation within the range of uh the depreciation of<00:12:08.480>
  • </c> depreciation here a minute a minute ago. depreciation here a minute a minute ago.
  • </c> I I have no opposition to schedule I I have no opposition to schedule another<04:35:20.719><c> subcommittee
  • </c> scheduled for exact session on Tuesday. scheduled for exact session on Tuesday.
Keywords: 1189, house, all
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-04-30 - 11:00AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • Because I think we all know we used to do fees on a rolling 3-year schedule.
  • We examined a third of 3-year schedule.
  • </c> federal threshold for bonus depreciation federal threshold for bonus depreciation on<00:47:42.600
  • In 2017, the Tax Cut and Jobs Bill said, "No, you could depreciate or deduct that expense not over 5
  • I've already scheduled the senator from I've already scheduled the senator from Chittenden<01:53:18.360
Keywords: 927, senate, all
ND
Transcript Highlights:
  • Much more difficult to estimate, and a lot of it has to do with depreciation.
  • Or two when full expensing and full bonus depreciation is restored.
  • They're doing about one floor per week, which is a pretty aggressive schedule.
  • But that schedule is pending. It doesn't have a completed date yet, but we will be working on that.
  • We have the beam signing scheduled for the afternoon of September 22nd.
Keywords: 908, all
Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity in North Dakota. Ron Ness said production is expected to remain relatively flat at just under 1.2 million barrels per day, with efficiency gains and longer laterals helping offset lower rig counts. He discussed oil and gas prices, gas taxation, flaring concerns, northward movement of drilling activity, and the importance of new infrastructure and enhanced oil recovery (EOR) pilots. Members asked about gas taxation, natural gas liquids, pipeline impacts, and the outlook for Continental and other operators. Ness said the industry is likely to remain steady rather than see a major ramp-up or decline. Matt Pearl of the State Tax Department then explained the federal “big beautiful bill” and its effect on North Dakota income tax collections. He said the law extends or makes permanent several federal provisions and creates temporary deductions for seniors, tips, overtime, and auto loan interest, with the biggest state impact coming from the standard deduction increase and business tax changes. He revised earlier estimates downward, saying the net cash impact on state collections is likely in the $30 million to $35 million range after accounting for business prepayments and one-time FY25 oilfield transaction effects. Committee members asked which provisions apply to standard versus itemized returns. OMB staff gave a detailed update on major capital projects and facility funding. Topics included Capitol grounds improvements such as 18th-floor renovations, wayfinding, seating, lighting, tree management, and restroom and lobby upgrades; security work at the governor’s residence, which has been delayed by the discovery of human remains; and space reconfiguration efforts in Bismarck-Mandan to reduce leases and create shared offices and conference rooms. They also reported on the State Facility Maintenance Fund, including roof, window, boiler, and kitchen projects at state facilities, and on the state hospital project in Jamestown, which remains on budget and on schedule for substantial completion in winter 2027 and opening in spring 2028. OMB also updated the committee on the Minot North Central State Office Building, the use of federal State Fiscal Recovery Funds, and the status of legislative intent and trust fund reports, including school aid turnback, the school construction loan program, the Foundation Aid Stabilization Fund, the Legacy Fund, and the Strategic Investment and Improvements Fund. The committee ended by discussing future agenda items, including government efficiency, cash management, Bank of North Dakota lines of credit, and the rural health transformation program, and then adjourned.
MA

Massachusetts 2025-2026 Regular Session

Formal House Session 25 Mar 18th, 2026

Massachusetts House Floor Meeting

Transcript Highlights:
  • The Committee on Steering Policy and Scheduling reports that the matter be scheduled for consideration
  • main provisions of the OB3: domestic research and experimental expenditure, business interest, depreciable
  • business assets, qualified production property depreciation allowance, and opportunity zones.
  • all know that this year is an unprecedented year because we have more communities that are either scheduling
  • or talking about scheduling two and a half overrides because they're being burdened by the heavy increases
Summary: The House convened with the Pledge of Allegiance, received and placed on file the resignation letter of Rep. Vanna Howard of Lowell, and adopted several routine committee reports. These included extensions of reporting deadlines for the Healthcare Financing and Public Health committees, concurrence with Senate petitions sent to Housing and Public Safety and Homeland Security, and suspension of Joint Rule 12 for a petition concerning children involved with DCF. The chamber also adopted a resolution commending the Admetek Foundation on Prostate Cancer Awareness Day. The main business was House No. 5264, a fiscal year 2026 supplemental appropriations bill totaling about $1.8 billion. House leaders described the bill as using Fair Share surtax surplus funds for transportation and education, addressing MBTA reserves, safety and infrastructure, special education circuit breaker costs, early education and childcare, and other deficiencies such as GIC costs, sheriff deficiencies, heating assistance, and World Cup-related expenses. Members also discussed the bill’s tax conformity provisions responding to federal tax changes, with supporters arguing the bill would reduce a projected revenue shortfall and preserve competitiveness while delaying some conformity changes. The House considered several amendments to the supplemental bill. Amendment 43, which would have redirected $100 million of Fair Share funds to a per-capita municipal distribution for roads and schools, drew debate over equity and rural road needs but was rejected on a roll call, 25-128. A consolidated amendment was then adopted on a roll call, 148-0, and the bill itself was passed to be engrossed on a roll call, 150-3. The House also adopted an amendment setting the next day’s meeting time and then adjourned to meet the following day at 11 a.m. in informal session.
ND

North Dakota 2025-2026 Regular Session

Budget Section Leadership Division Jun 24th, 2026

Transcript Highlights:
  • Much more difficult to estimate, and a lot of it has to do with depreciation.
  • Or two when full expensing and full bonus depreciation is restored.
  • So they're doing about one floor per week, which is a pretty aggressive schedule.
  • But that schedule is pending. It doesn't have a completed date yet, but we will be working on that.
  • We have the beam signing scheduled for the afternoon of September 22nd.
Summary: The Budget Section Leadership Division met with a quorum present and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity, which described North Dakota production as holding steady around 1.1 to 1.2 million barrels per day despite lower prices and market volatility. The presentation emphasized that efficiency gains, longer laterals, and improved completion technology are allowing operators to sustain output while activity shifts north in the Bakken. Members asked about gas taxation, natural gas liquids, flaring, and enhanced oil recovery; the witness said gas is taxed by volume, most liquids are handled through oil lines or gas processing, and the state’s EOR pilot projects and new gas infrastructure are intended to help hold production flat and expand future recovery. The committee then received a presentation from the Tax Department on the federal “big beautiful bill” and its effect on North Dakota income tax collections. The department explained that most of the federal changes were extensions of existing Tax Cuts and Jobs Act provisions, but several items — including the larger standard deduction, senior deduction, tip and overtime exclusions, auto loan interest deduction, and business expensing changes — affect state collections. Revised estimates showed a smaller-than-expected impact on individual income tax, with the department suggesting a net cash effect in the range of roughly $30 million to $35 million when business and individual effects are combined, plus a possible one-time distortion from large oil-field transactions in fiscal year 2025. Members asked which provisions apply to standard versus itemized returns, and the department clarified that most of the individual provisions apply broadly, while the SALT-related item is itemizer-specific. OMB then reported on major capital projects and facility funding. Updates included Capitol grounds improvements such as 18th-floor renovations, wayfinding, augmented reality displays for the Rough Rider Hall of Fame, tree management and lighting studies, and restroom and parking reconfiguration in the tower. OMB also described security upgrades at the governor’s residence, where human remains were discovered on site and are being handled with historical and legal review. The state hospital project in Jamestown remains on schedule for substantial completion in winter 2027 and opening in spring 2028, with costs currently estimated a little over $292 million and a line of credit expected to be drawn in April 2027. The North Central State Office Building in Minot is under construction, with a $5.6 million line of credit already accessed. OMB also reported on the State Facility Maintenance Fund, noting about $1.1 million spent so far on projects such as the Liberty Memorial Building roof and foundation work, Capitol window replacement, boiler replacement, and kitchen remodeling. Finally, Legislative Council staff reviewed the interim compliance report on legislative intent and state trust funds. The report highlighted the status of multiple lines of credit, including those for the state hospital and Minot office building, and noted that the executive budget will likely need to include repayment planning for about $350 million of expected outstanding balances. Other updates included the Bank of North Dakota profit transfer schedule, litigation pool spending, the new Office of Guardianship and Conservatorship, the Missouri River Correctional Center planning effort, HHS items such as FMAP and child care assistance, Job Service’s unemployment insurance modernization project, and DPI school aid turnback estimates. No formal votes were taken beyond approval of the minutes.
NM

New Mexico 2026 Regular Session

Senate Chamber Feb 19th, 2026 at 08:53 am

New Mexico Senate Floor Meeting

Transcript Highlights:
  • Yes, and it counts for Depreciation. Okay, now we're getting somewhere.
  • So what you're telling me is that with this bill I will be able to depreciate the cost of the property
  • So, is this addition a tax exemption, or is it a tax credit, or is it just a depreciation tax that allows
  • President the value of the property to be reduced by a certain amount, reflecting depreciation Thank
  • schedule, is it not, Mr.
Bills: SB273, SB37, SB100
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Revenue Feb 12th, 2026

Joint Committee on Revenue

Transcript Highlights:
  • business assets, special depreciation allowance for qualified production property, and permanent renewal
  • modification of limitation on business interest increased dollar limitations on expensing of certain depreciable
  • business assets special depreciation allowance for qualified production property and permanent renewal
  • We've also heard from some of the other provisions, particularly again those that deal with depreciation
  • of medical leave benefits paid out, applying again the IRS guidance to our existing contribution schedule
Summary: The Joint Committee on Revenue held a public hearing on H. 4975, Governor Healey’s bill to manage the impact of federal tax changes from the One Big Beautiful Bill Act (OB3) on Massachusetts. Secretary of Administration and Finance Matt Gorowitz said the bill would phase in selected corporate tax changes over time, avoid a $442 million FY26 revenue hit, preserve the current-year budget, and add a few related changes, including expanding the pass-through entity excise to income subject to the 4% surtax, delaying large federal tax changes over $20 million by one year, limiting opportunity zone benefits to Massachusetts investments, adjusting DFML contributions to match IRS guidance, and aligning casino slot-winnings reporting thresholds with federal law. Committee members questioned the administration about why it chose phased conformity rather than full decoupling, the effect on the budget if the bill does not pass, the purpose of the pass-through entity change, opportunity zones, and the slot-machine threshold and family leave provisions. Public testimony was sharply divided. MassBudget, Progressive Massachusetts, and Don Griswold of the Center on Budget and Policy Priorities urged the committee to go further and permanently decouple from the five most costly OB3 corporate tax provisions, arguing that automatic conformity is fiscally risky, rewards investment outside Massachusetts, and has already caused or could cause large revenue losses. Labor and public-sector witnesses, including leaders from the Massachusetts Teachers Association, AFT Massachusetts, SEIU 509, the Massachusetts AFL-CIO, and building trades unions, also called for permanent decoupling, warning that the federal law will deepen state budget pressures, harm schools, health care, human services, and infrastructure, and shift costs onto workers and public programs. Several speakers said Massachusetts should not adopt federal corporate tax cuts that mainly benefit wealthy individuals and corporations. Other testimony focused on specific provisions. Unite Here Local 26 asked the committee to strike the casino slot-winnings threshold change from $1,200 to $2,000, saying the current limit helps identify problem gambling, creates an opportunity for intervention, and supports union jobs. The Massachusetts Society of CPAs supported the administration’s phased approach, especially the research and experimental expense deduction, citing the importance of certainty for business filers and Massachusetts’ strong R&D economy. Greater Boston Legal Services testified on the paid family and medical leave sections, explaining that the bill’s changes would align PFML payroll contributions with new IRS guidance and, if paired with administrative action, would be cost-neutral for workers and employers. No votes were taken during the hearing.
MN
Transcript Highlights:
  • Uh, some of the other ones is the floor now on deductions, the bonus depreciation, and so forth.
  • , depreciation, depreciation, uh<00:10:05.240><c> and</c><00:10:05.640><c> so</c><00:10:05.880><c> forth
  • Thank you so much for taking the time out of your busy schedule to hear this. So, thank you.
  • Thank you so much for taking the time out of your busy schedule to hear this. So, thank you.
  • </c><01:06:31.240><c> and</c> know you've got a busy schedule and know you've got a busy schedule and
Keywords: 919, house, all
Summary: The committee heard testimony on House File 5055, the governor’s supplemental tax budget. Commissioner of Revenue Paul Marquart outlined the proposal as a balanced budget package that would leave a positive bottom line in the current biennium and beyond. He emphasized family-focused tax relief, especially a new refundable young child credit for children ages 0 to 4, which would provide up to $3,000 for one child or $6,000 for two or more, benefit about 104,000 families, and phase out at higher incomes. He also described federal conformity changes, including updates to business interest deductions, dependent care credits, and Section 179 expensing, along with omitted federal items such as research expensing and opportunity zones due to cost and policy concerns. Marquart also defended broader tax modernization proposals, including expanding the sales tax to selected consumer services such as accounting, banking, brokerage, and legal services while lowering the statewide sales tax rate, and creating a social media tax on consumer data collection that would fund an AI readiness special revenue fund rather than the general fund. He said these changes would make the sales tax less regressive and better aligned with the modern economy. Additional provisions mentioned included a gun-related gross receipts tax on firearms and ammunition, cannabis tax technical changes, historic structure rehabilitation conformity, and added auditors for tax compliance. Testimony from outside groups was mixed. Nan Madden of the Minnesota Budget Project supported the governor’s approach as a response to federal tax and spending changes, praised the decision not to conform to opportunity zones or federal no-tax-on-tips/overtime provisions, and urged even stronger revenue measures. Brian Lake of the Minnesota State Bar Association strongly opposed the proposed sales tax on consumer legal services, arguing it would burden low- and middle-income people in sensitive cases and create unfairness when individuals litigate against the state. Tanner Fritsinger of the Minnesota Association of Professional Employees supported the sales tax base expansion and the social media tax as ways to broaden revenue without raising the base rate. The committee chair thanked the commissioner and then began hearing public testimony, with additional testifiers queued up.
NH

New Hampshire 2025 Regular Session

House Science, Technology and Energy (02/18/2025)

Science, Technology and Energy

Transcript Highlights:
  • Purchased today, they have a 20-year life and 18-year depreciation.
  • Purchased today, they have a 20-year life and 18-year depreciation.
  • Purchased today, they have a 20-year life and 18-year depreciation.
  • Purchased today, they have a 20-year life and 18-year depreciation.
  • Purchased today, they have a 20-year life and 18-year depreciation.
Keywords: 1189, house, all
MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Thirty Six - Wednesday, March 11

Missouri House Floor Meeting

Transcript Highlights:
  • This is my bill that sets up a depreciation for car valuations for taxation purposes.
  • You make sure that vehicle assessments are predictable, sure that they will depreciate each year.
  • I'm not personally a fan of the depreciation schedule that he has there, but again, I appreciate where
  • I'm not personally a fan of the depreciation schedule that he has there.
Summary: The House opened with prayer, the Pledge of Allegiance, approval of the prior day’s journal by a 115-1 vote, and a long series of special guest introductions recognizing community groups, first responders, educators, health advocates, students, and local leaders visiting the Capitol. Members also marked several awareness days and advocacy events, including colorectal cancer awareness, public administrator day, hospice day, suicide prevention advocacy, and transportation advocacy day. The chamber then moved to committee reports and third reading of bills. Bills passed included House Bill 2774 on fuel-source neutrality in state and local purchasing (138-5), House Bill 2383 on copper theft and critical infrastructure protections (130-5), House Bill 3205 regulating litigation funding and disclosure requirements (144-1), House Bill 2146 expanding hospital investment options (143-1), House Bill 1756 establishing June’s Week to recognize rare pediatric diseases (147-0), House Bill 1783 allowing the health department to contract with public health organizations (138-6), House Bill 2099 on squatter removal procedures (136-1), House Bill 2896 loosening residency restrictions for university governing boards (111-17), House Bill 2505/2044 giving grandparents priority in certain custody cases (144-0), House Bill 1625 increasing penalties for drug trafficking (137-2), House Bill 2302 removing barriers to employment for people leaving incarceration (142-0), House Bill 1870 updating garnishment and debt-collection laws (137-9), and House Bill 2335 giving school districts more flexibility over teacher training schedules (146-2). Several bills drew notable debate. House Bill 1664/1610/1645/2182 combined an increase in the statute of limitations for adult survivors of child sexual abuse with a reduction in the personal injury statute of limitations; supporters emphasized victim access and alignment with other states, while opponents argued the personal injury change would harm other victims and benefit insurers. It passed 95-12 with 39 present. House Bill 3146, a ballot-summary and initiative-petition process bill tied to prior Senate Bill 22 litigation, prompted sharp arguments over ballot language, judicial review, and the initiative process before passing 90-55. House Bill 3035, setting depreciation rules for vehicle tax assessments, passed 100-43 after concerns about how it fit with other tax proposals. The day ended with House Bill 1827 being called up for third reading, but the transcript cuts off before its debate or vote.
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 23rd, 2026

Transcript Highlights:
  • PSE does oppose cuts to transition to kindergarten, local effort assistance, school bus depreciation,
  • PSC does oppose cuts to transition to kindergarten, local effort assistance, school bus depreciation,
  • Finally, extending bus depreciation won't help us meet its greenhouse gas emissions.
  • Finally, extending bus depreciation won't help us meet its greenhouse gas emissions.
  • Thank you so much for the scheduled update to skilled nursing rates.
Summary: The House Appropriations Committee held a public hearing on proposed substitute House Bill 2289, the House operating budget. Budget staff Mary Monroe gave a detailed overview of the proposal’s near general fund outlook, reserve levels, major revenue assumptions, and major spending and savings items. She highlighted assumed revenue from capital gains and a proposed “millionaires tax,” a transfer from the budget stabilization account, administrative reductions across agencies, and several major policy shifts, including changes affecting Working Connections Child Care, K-12 education, higher education, long-term care, behavioral health, wildfire response, and state employee compensation. Members then asked questions, including about the higher education building account/operating fee swap and its interaction with the capital budget and Climate Commitment Act funds. The committee also announced amendment deadlines for the budget process. The bulk of the meeting was public testimony, with many speakers generally supporting or opposing specific parts of the budget. Supportive testimony praised funding for wildfire prevention, public health, reproductive health, civil legal aid, the Poison Center, some higher education institutions, and certain disability and child welfare services. Many speakers urged restoration or protection of funding for K-12 education, especially transition to kindergarten, local effort assistance, bus depreciation, and Running Start; others opposed cuts to child care, early learning, public defense, long-term care, adult day and home care services, occupational/physical/speech therapy for Medicaid patients, and community and technical colleges. Several local government, health, and nonprofit representatives also asked the committee to preserve public works, homelessness, energy assistance, environmental justice, and recovery/diversion programs, while some business and public safety groups sought continued funding for organized retail crime prevention and related initiatives. No votes were taken during the hearing. The committee recessed briefly and later resumed with virtual testimony, where additional witnesses repeated concerns about education cuts, long-term care, health care access, disability services, dispute resolution, early childhood programs, and the need for ongoing or increased funding in those areas.
ND

North Dakota 2026 1st Special Session

Budget Section Leadership Division Jun 24th, 2026

Transcript Highlights:
  • And a lot of it has to do with depreciation. And there are different provisions.
  • Or two when full expensing and full bonus depreciation is restored.
  • So they're doing about one floor per week, which is a pretty aggressive schedule.
  • But that schedule is pending. It doesn't have a completed date yet, but we will be working on that.
  • We have the beam signing scheduled for the afternoon of September 22nd.
Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes before hearing a series of informational updates. The Petroleum Council reported that North Dakota oil production is expected to remain relatively flat at just under 1.2 million barrels per day, with activity shifting northward in the Bakken as technology improves and three- and four-mile laterals boost well performance. The presentation also discussed oil and gas prices, gas taxation, flaring concerns, the importance of pipelines and other linear infrastructure, and enhanced oil recovery pilot projects supported by state and federal funding. Members asked questions about gas production taxes, natural gas liquids, and the outlook for drilling rigs and future production. The Office of State Tax Commissioner then reviewed the federal “big beautiful bill” and its estimated effect on North Dakota individual and business income tax collections. Staff explained that most of the individual income tax impact comes from the permanent increase in the standard deduction, while temporary provisions such as senior deductions, tip and overtime exclusions, and auto loan interest deductions have smaller or limited-term effects. They also noted that business tax changes, especially depreciation and expensing provisions, create a larger near-term cash impact, and that some FY25 collections likely reflected one-time oil field transactions that may have inflated the baseline used in earlier estimates. OMB provided updates on major capital projects and facility funding. For Capitol grounds improvements, officials described plans for 18th-floor renovations, wayfinding upgrades, public seating, lighting, tree management, and possible restroom and lobby reconfiguration, while also noting the governor’s residence security project and the discovery of human remains on the Capitol grounds. OMB and its consultants also reported on the state facility maintenance fund, including window replacement, boiler work, roof and foundation repairs, and a new facility conditions assessment covering more state buildings. Updates were also given on the new state hospital in Jamestown, the Minot state office building, and the use of federal state fiscal recovery funds, including possible future reallocations to the Department of Corrections. Finally, Legislative Council staff summarized the interim compliance report on legislative intent and trust fund activity, highlighting the status of lines of credit, Bank of North Dakota profit transfers, the statewide litigation pool, the new Office of Guardianship and Conservatorship, corrections planning, HHS program updates, and a likely future general fund request for the unemployment insurance modernization project. No formal votes were taken beyond approval of the minutes; the meeting was primarily informational, with members asking clarifying questions throughout.
WA

Washington 2025-2026 Regular Session

House Appropriations Jan 12th, 2026

Transcript Highlights:
  • Scheduling executive session typically is a bill that is scheduled for a public hearing, for example,
  • There's a change proposed to school bus depreciation payments.
  • There's a change proposed to school bus depreciation payments.
  • Members have scheduling requirements beginning shortly after.
  • And three, extending bus depreciation.
Summary: The House Appropriations Committee opened with committee guidelines for the 2026 session, including limits on testimony, amendment deadlines, confidentiality expectations, and professionalism rules. Chair Ormsby also reviewed housekeeping for the public hearing, noting the meeting was recorded and live streamed, and that testimony would be limited to one minute because of the large number of sign-ups. The committee then began its work session on Governor Ferguson’s proposed 2026 supplemental operating budget, presented by OFM Director Katie Chapman, who outlined the state’s fiscal pressures: higher caseloads in major programs, a revenue forecast decline of about $390 million, federal policy changes tied to H.R. 1, inflation, and a relatively small ending fund balance. She said the governor’s budget solves about a $2.3 billion shortfall through nearly $800 million in spending reductions, revenue shifts, fund transfers, use of about $1 billion from the Budget Stabilization Account, and some tax preference changes, while also making targeted investments in areas such as child welfare, behavioral health, wildfire response, housing, and IT modernization. Chapman also explained that the proposal does not fully balance over the four-year outlook under the state’s statutory assumptions, but said the governor relied on the budget-balance law’s exception tied to BSA use and low employment growth. A question from Rep. Connors about credit ratings was answered with the view that the impact is difficult to predict and that Washington’s strong pension funding and balanced-budget framework remain positives. The public hearing drew testimony from state officials and many advocates, most of whom opposed specific cuts or fund shifts in the governor’s proposal. Secretary of State Steve Hobbs objected to proposed sweeps from the corporations and charities fund and the library archives account, citing prior cuts, layoffs, cyberattack-related costs, and the need to upgrade aging systems. Commissioner of Public Lands Dave Upthegrove urged restoration of wildfire prevention funding, saying the proposed amount was still $30 million short of the commitment in House Bill 1168 and that underfunding would increase suppression costs and risk to communities. Many education witnesses opposed reductions to Working Connections Child Care, transition to kindergarten, local effort assistance, Running Start, and higher education across-the-board cuts, arguing they would harm access, equity, and workforce development. Higher education leaders from community colleges, the University of Washington, Western Washington University, and Evergreen State College described staffing cuts, program reductions, and pressure on student services, while K-12 groups and OSPI said the budget would deepen existing funding gaps. A large portion of testimony focused on human services, health, housing, and civil legal aid. Child welfare and youth-serving organizations supported some targeted investments but opposed cuts to child care, child welfare network administration, and youth programs; advocates for foster youth, homeless youth, and mentoring programs asked for continued or increased funding. Health care and long-term care providers warned that proposed Medicaid and rate changes would reduce access for seniors, people with disabilities, and safety-net patients, while Planned Parenthood and abortion access advocates urged full restoration of the Abortion Access Project and related reimbursements. Housing and legal aid witnesses backed the governor’s proposed right-to-counsel funding but asked for more support, and homelessness advocates sought contingency funding for federal housing programs. Crime victim and domestic violence service providers repeatedly said the proposed $12 million was far short of the roughly $21.38 million needed to avoid service cuts and closures. Other testimony addressed the Climate Commitment Account shift for the Working Families Tax Credit, with environmental advocates opposing the diversion of CCA dollars and workforce advocates supporting the governor’s economic security and employment programs. No votes or formal committee action were taken during the hearing portion described in the transcript.
MN

Minnesota 2025-2026 Regular Session

House Agriculture Finance and Policy Committee 2/24/25

Agriculture Finance and Policy

Transcript Highlights:
  • Chair, members, so again the project will be depreciated over 30 years, so this will impact the rates
  • Used to more looking at depreciation schedules for business, and depreciation is a non-cash expense,
  • They're not on ours, so we depreciate them, and in our case it is actually a cash transaction for depreciation
  • I agree, usually depreciation is not a cash transaction, but in our case for our lease fund it is.
  • them and in our case it so we depreciate them and in our case it is<00:59:10.000><c> actually</c><00
Bills: HF1063