Video & Transcript Research : 'Internal Revenue Code'

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TX

Texas 89th Regular

Insurance Apr 9th, 2025

Insurance

Transcript Highlights:
  • The insured's insurance policy under the code so that way, you know, young people today seem to be more
  • This is the portion in 559.054 of the code. We have two concerns.
  • Currently, under the occupation code, there are six licenses and two permits.
  • The code explicitly prohibits insurers from discriminating against consumers. ...on the basis of several
  • We've just had a good discussion about the loophole in the Texas insurance code that allows insurance
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Jul 18th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • Administrative Code, an actual law.
  • an issue that's silent that comes up, we try to address that through the New Mexico Administrative Code
  • This translates into roughly $1.2 billion in revenue per year for us.
  • One of the ways we need to mitigate fees is through internal management.
  • We talked about core bonds that are managed internally by a small team.
AZ
Transcript Highlights:
  • The budget includes an increase of $139,600,000 in General Fund revenues as a result of a one-time transfer
  • We're trying to bring in revenue. We're trying to keep our kids. We're trying to recruit teachers.
  • Madam Whip and members, House Bill 4168 contains many different provisions within the tax code.
  • For the tax year 2025 that just ended, it conforms Arizona state statute to the Internal Revenue Code
  • They've never had an ongoing source of revenue. Now they will, at least a small one.
Summary: The meeting covered a series of fiscal year 2027 budget and budget-related bills, beginning with the general appropriations and tax package. Staff and the chair highlighted a budget built around about $1.4 billion in tax cuts, a one-time 2.5% agency reduction, major funding for state employee health insurance, corrections, flood and wildfire relief, and other supplemental appropriations. The chair repeatedly urged support for the package, emphasizing the size of the tax cut and noting that the committee’s joint vote had only three no votes out of 28 members. Members then reviewed several smaller budget implementation bills affecting racing and gambling, capital outlay, commerce and defense innovation, corrections, environment and water policy, higher education, human services, K-12 education, county finance, tax administration, state data governance, and state office rent rates. Key provisions included extending or modifying funds and fee structures, transferring surplus or unneeded monies, creating or revising oversight boards and pilot programs, increasing K-12 funding by 2% for inflation, adjusting university retention limits, expanding SNAP and housing-related requirements, and changing tax conformity and credits. Several members asked clarifying questions about specific items such as electric vehicle charging funds, mobile home relocation payments, university funding, and the new health insurance oversight board. The chair also explained the tax bill’s major changes, including conformity to federal tax law, a larger dependent tax credit, changes to deductions, repeal of certain tax credits, veteran property tax relief, limits on data center tax incentives, and provisions affecting manufacturing infrastructure and unemployment insurance administration. The committee discussed the Budget Stabilization Fund, debt repayment, and education rollover balances, with the chair arguing for using surpluses to pay down debt. The final item discussed was a behavioral health bill creating a home and community-based services program for adults determined to be seriously mentally ill, with a stated FY 2027 total fund appropriation of $7.8 million contingent on federal approval and matching funds. The meeting ended with a reminder that floor action would begin the next day at 10 a.m.
AZ

Arizona 2026 Regular Session

01/26/2026 - Senate Finance

Finance

Transcript Highlights:
  • I am a Senate Majority intern, policy intern.
  • So, yeah, ...reasonably raise revenue, we would see cuts.
  • We will now go to the Department of Revenue.
  • Chair, members, Rory Wilson, Arizona Department of Revenue.
  • It says if the Legislature passes an Internal Revenue Code conformity bill that is consistent with the
Summary: The committee began with staff and page introductions, then took up a series of previously heard bills, mostly related to cryptocurrency and tax administration. SB 1042, SB 1043, SB 1044, and SCR 1003 dealt with allowing public entities to invest in virtual currency, accept cryptocurrency payments, and exempt virtual currency from property tax. Supporters framed the measures as modernization, while opponents argued crypto is risky, fraudulent, and a poor use of public funds. All four measures were recommended do pass on narrow 4-3 votes, with Democrats generally opposed. The committee also heard SB 1221, which would require the Department of Revenue to notify legislative tax chairs before adopting a new interpretation or application of tax law that could adversely affect taxpayers. The sponsor said the bill was meant to front-load disputes and avoid surprise tax changes; it passed 4-3. SB 1142, which would have Arizona opt into a new federal scholarship tax credit program and require ADOR to administer it, drew extensive testimony. Supporters said it would expand scholarship opportunities for students in public, charter, private, and home education settings and keep donations in Arizona. Opponents argued it would divert money from public schools, lack accountability, and primarily benefit wealthier families. The bill passed 4-3 after lengthy debate. The committee then questioned Department of Revenue officials about a press release on Arizona tax forms and federal conformity after H.R. 1. Members focused on why the department told taxpayers not to wait to file, how the state conforms to federal changes, and whether amended returns would be needed if the Legislature changes the forms later. DOR said the forms were issued assuming conformity, that most taxpayers would not be affected by pending changes, and that amended returns could be required for some retroactive provisions; members criticized the guidance as confusing and potentially costly. Finally, the committee heard SB 1254, which would require both grantor and grantee signatures on conveyance documents before recording, to reduce deed fraud and clarify acceptance of property transfers. County assessors supported the bill, saying it would close a loophole and improve records; it passed 6-0 with one member not voting. The committee then began SB 1252, the Uniform Assignment for Benefit of Creditors Act, with testimony from the Arizona Uniform Laws Commission explaining that it would create a more uniform framework for asset assignments and creditor claims, but the transcript cuts off before any vote on that measure.
FL

Florida 2026 4th Special Session

January 14, 2026 - 01:30 PM

Transcript Highlights:
  • AT LEAST TWO OF THE HOURS HAVE TO GO WITH THE FLORIDA BUILDING CODE BECAUSE THEY DO INTERNAL FOR MANY
  • FLORIDA BUILDING CODE, NATIONAL FIRE PROTECTION CODES, FEMA REGULATIONS AND THEN WE HAVE TO TIE INTO
  • TWO OF THE CODE REQUIREMENT HOURS ARE IN THE FLORIDA BUILDING CODE ADVANCED SECTION.
  • A THOROUGH KNOWLEDGE OF THE CODE AND ALL THE CHANGES THAT HAPPEN WITH IT.
  • FLORIDA BUILDING CODE IS A MINIMUM.
HI
Transcript Highlights:
  • I am also an IATSE International trustee.
  • an IAT iatse International an IAT iatse International trustee<01:54:07.639> we<01:54:07.760
  • <03:20:33.199> generator point going to be a revenue generator point going to be a revenue
  • So the revenue has to come from someplace, or it’s a reduction in revenue, so it’s a reduction in services
  • Cruise Lines International Association, with comments.
Keywords: 910, house, all
AZ

Arizona 2026 Regular Session

01/13/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • No zip code is immune. Thank you, Sherry Lopez, for bringing this important topic...
  • No zip code is immune. Thank you, Sherri Lopez, for bringing this important topic to our awareness.
  • HB 2153, international revenue code. HB 2156, construction equipment and farm equipment.
  • Chairman Rivera, Vice Chair Lady Pena, I would just like to announce that the International Trade Committee
  • International Trade Committee will not be meeting tomorrow. Thank you, Representative Wynn.
Keywords: 1182, all
Summary: The House opened with prayer and the Pledge of Allegiance, approved the Journal, and welcomed Dr. Andrew Carroll as Doctor of the Day. Members also heard a proclamation recognizing January 13, 2026, as Arizona Human Trafficking Awareness Day, with remarks highlighting the work of the Arizona Human Trafficking Survivor Coalition and the importance of survivor-led prevention and awareness efforts. The chamber also offered brief personal remarks honoring former Senator Barbara Lange and noting Representative Khyl Powell’s recovery. The House then took up procedural business, including two motions related to adjournment: granting the Senate consent to adjourn after Thursday, January 15, 2026, until Tuesday, January 20, 2026, and requesting the Senate’s consent for the House to do the same. Both motions passed by voice vote. The House also received a long list of first- and second-reading bill referrals covering a wide range of topics, including elections, water, education, health care, criminal justice, agriculture, transportation, and several memorials and resolutions. No substantive floor debate or final votes on individual bills occurred in this transcript. The House also announced committee schedules and cancellations for the day and following days, including meetings for Commerce, Education, Natural Resources, Judiciary, and Ways and Means. The chamber adjourned by motion until 1:15 p.m. on Wednesday, January 14, 2026.
FL

Florida 2025 Regular Session

Regulated Industries Feb 11th, 2025

Transcript Highlights:
  • MOST OF THEM HAVE CODE ENFORCEMENT.
  • IS HOW WILL THIS BENEFIT THE CODE APPROACH.
  • HOW DO WE MAKE THE CODE BETTER? REMEMBERING THAT THE CODE IS MINIMUM NOT MAXIMUM.
  • THAT WAS WITH THE DEPARTMENT OF REVENUE DATA STOPPED.
  • ONE IS WE TALKED ABOUT THIS INTERNALLY AND ONE OF THE DECISIONS WE HAVE INTERNALLY COME TO US IS WE ARE
Keywords: 999, senate, all
NM

New Mexico 2026 Regular Session

IC - Legislative Finance Dec 8th, 2025

Transcript Highlights:
  • , doing internal briefings, and then made it public last week.
  • And then the tax revenue, Mr.
  • They want to be known as the International Zone. Mr.
  • I like that, the International Zone.
  • Tax revenue. So we win on both sides of the ledger.
Summary: The committee first recognized Mark Roper of the Economic Development Department for his long service and retirement, with members and the secretary praising his work on economic development across the state. Secretary Rob Black then presented EDD’s budget and special appropriation requests, describing strong recent job and income growth and outlining the department’s strategy around science and technology, site readiness, workforce development, foreign direct investment, and rural/community programs. He highlighted wins in advanced energy, quantum, space and defense, and biosciences, and asked for funding for quantum/DARPA matching funds, additional site readiness work, LIDA closing funds, JTIP training support, New Mexico Partnership, and healthy foods and other community programs. Members asked detailed questions about the quantum proposal, site readiness, the new mapping tool for industrial sites, workforce participation, trade missions, foreign investment, tariffs, water and produced water, tribal site evaluation, and public engagement on major projects. Black said the quantum request was intended to match federal dollars and build a workforce pipeline, that the site-readiness software would be a set enterprise license, and that the department was working with tribes and local partners on future site evaluations. He also said tariffs have created uncertainty but New Mexico’s infrastructure and foreign trade zones could help attract manufacturing, and he acknowledged concerns about transparency and community input while noting that some projects, such as Pacific Fusion, had gone through extensive public processes. The committee also discussed specific projects and funding balances, including Mantis Space’s move to Albuquerque, the status of Virgin Galactic’s spaceport lease, and the current LIDA fund balance and encumbrances. Black and Deputy Secretary Isaac Romero said the department was trying to use State Investment Council-backed venture funds to attract companies and that the new investments were already producing deals and jobs. Members generally supported the department’s direction but pressed for more targeted expertise, faster deployment, and stronger community involvement in future economic development decisions. Later, Secretary de Blassie of the Department of Health presented the department’s budget request and progress report. He said DOH had improved revenue cycle management, reduced old Medicaid-pending cases, increased census at facilities, improved budget and contract timeliness, and responded effectively to the measles outbreak. The department requested additional base funding for epidemiology and response, the DOH helpline, the Vital Records Virtual Vault, state labs, and the veterans home, along with special requests for respiratory vaccinations and marketing and lab equipment replacement. He also noted progress on MOUD and the medical psilocybin program, and said the department was not seeking to launch new programs given the limited time left in the administration.
FL

Florida 2025 Regular Session

Fiscal Policy Mar 27th, 2025

Transcript Highlights:
  • We're going to do questions after that amendment abuser. 2 amendments take up Amendment bar code 2, 4
  • Let's take up Amendment Barcode 7, 5, 2, 5, 3, 2, by senator to announce you're internal.
  • And from a fiscal standpoint, this bill actually reduce state revenue tax revenue.
  • That means Florida loses the tax revenue, lose local jobs and small businesses lose the chance to serve
  • Regulating these beverages like alcohol would also provide 2 tax revenue that can be used to support
Keywords: 999, senate, all
MN

Minnesota 2025 1st Special Session

Committee on Taxes - 04/09/25

Taxes

Transcript Highlights:
  • Revenue Code, is to be treated as a single entity for the purposes of meeting the definition of a social
  • Revenue Code, is to be treated as a single entity for the purposes of meeting the definition of a social
  • <00:16:39.519> Revenue<00:16:39.920> Code.
  • defined uh in the Internal Revenue Code. defined uh in the Internal Revenue Code. um<00:16:41.680
  • The revenues are not dedicated; they are simply become part of our revenue system, and the revenues that
Keywords: 1187, senate, all
TX
Transcript Highlights:
  • is in chapter 36 of the Human Resources Code.
  • But in reality, the revenue that's allocated is only 35%.
  • So that's my question, is it a mechanics of inflation over time these revenue... revenue streams don't
  • So there's an internal.
  • It wouldn't be one code wrong.
Keywords: 1185, senate, all
MN

Minnesota 2025-2026 Regular Session

House Education Finance Committee 3/10/26

Education Finance

Transcript Highlights:
  • :04:48.800> stream is essentially another revenue stream is essentially another revenue stream
  • And the Department of Revenue estimated that would raise revenues for the state.
  • I've seen some pretty big... revenue reduction and the department of revenue reduction and the department
  • revenue increase. revenue increase.
  • of Christian Schools International. of Christian Schools International.
Bills: HF3490, HF4040
MN

Minnesota 2025-2026 Regular Session

House Fraud Prevention and State Agency Oversight Policy Committee 2/10/25

Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:
  • State Senator Jason Ric, and I've spent over 20 years working in various nonprofits—big, small, international
  • <00:03:40.439> local nonprofits big small international local nonprofits big small international
  • accounting to running uh International accounting to running uh International offices<00:03:52.159
  • to figure out things and hand coding to figure out which<00:53:24.880> ones<00:53:25.280>
  • Every government worker, um, uh, um, conduct, follow the code, and that there's a set of templates.
Keywords: 1183, house
Summary: The committee held its first meeting on February 10, 2025, with member and staff introductions and opening remarks from Chair Kristin Robbins about the committee’s bipartisan mission to address state fraud and improve oversight of executive branch spending. Robbins said the committee would focus on both legislation and informational oversight hearings, likely in coordination with standing policy committees, and emphasized concerns about reported fraud in state government and the need to prevent waste before it occurs. Members from both parties generally expressed support for the committee’s work and interest in learning more about the issues. The sole agenda item was a presentation from the Legislative Auditor on the 2023 report, “Oversight of State-Funded Grants to Nonprofit Organizations.” Legislative Auditor Judy Randall and Deputy Legislative Auditor Jodi Munson Rodriguez explained that the report reviewed how comprehensive Minnesota’s grants management policies are and how well agencies follow them. They said the policies cover the grant lifecycle but often lack detail, and the office found widespread noncompliance in recent years. The presentation included examples such as limited standards for progress reports, flexible monitoring requirements, and no required timeline for closeout reviews. The auditors also noted that state agencies spent an average of about $514 million annually on nonprofit grants from fiscal years 2018 through 2022, with about 2,400 nonprofit organizations receiving grants. The auditors said several factors contribute to compliance problems, including inconsistent funding for grants management, limited training, and uneven use of electronic grants systems. They also noted that statutes gave little authority to enforce compliance. Since the report was released, the Department of Administration has taken some steps, including changes to pre-award financial review policies and a timeline for closeout reviews, but the auditors said other recommendations remain only partially implemented. No votes were taken and no bills were acted on at this meeting.
AZ
Transcript Highlights:
  • The budget includes an increase of $139,600,000 in general fund revenues as a result of a one-time transfer
  • We're trying to bring in revenue. We're trying to keep our kids. We're trying to recruit teachers.
  • Bill 4168 contains many different provisions within the tax code. I'll start with conformity.
  • For the tax year 2025 that just ended, it conforms Arizona state statute to the Internal Revenue Code
  • They've never had an ongoing source of revenue. Now they will, at least a small one.
Keywords: 1182, all
FL

Florida 2025 Regular Session

Finance and Tax Mar 26th, 2025

Transcript Highlights:
  • Collins: THE BILL IS THE MOTOR VEHICLE PACKAGE, IT BRINGS FLORIDA INTO COMPLIANCE WITH INTERNATIONAL
  • THAT IS AMENDMENT BAR CODE 323356 BY SENATOR COLLINS, YOU ARE RECOGNIZED TO EXPLAIN THE AMENDMENT. >>
  • PROPERTY WOULD BE NECESSARY TO COMPLY WITH FEMA'S FLOOD INSURANCE PROGRAM OR OUR FLORIDA BUILDING CODE
  • SOURCES FOR THE GENERAL REVENUE FORECAST.
  • SO THAT'S THE OVERALL UPDATE FROM THE GENERAL REVENUE CYCLE, THAT IS THE PRESENTATION. >> Chair Avila
Keywords: 999, senate, all
FL

Florida 2025 Regular Session

December 9, 2025 - 03:00 PM

Transcript Highlights:
  • So first, we have the Florida International University doctor, Bridget Cram vice president of academic
  • Florida International University is proud to be a preeminent state research university and we are deeply
  • To give you some picture of of where we stand us at this point is an acknowledged international leader
  • They did give us some discounts, but we we purchase Ted from a variety of revenue streams in particular
  • Why do we have a coding faculty members?
MN

Minnesota 2025 1st Special Session

Senate Floor Session - 04/29/25

Minnesota Senate Floor Meeting

Transcript Highlights:
  • The last code we adopted was in 2020 based on the 2018 ICC International Code Council codes family of
  • The last code we adopted was in 2020 based on the 2018 ICC International Code Council codes family of
  • The last code we adopted was in 2020 based on the 2018 ICC International Code Council codes family of
  • The last code we adopted was in 2020 based on the 2018 ICC International Code Council codes family of
  • The last code we adopted was in 2020 based on the 2018 ICC International Code Council codes family of
Keywords: 1187, senate, all
TX
Transcript Highlights:
  • Finally, members, SB 871 limits the governor's ability to suspend provisions of the Penal Code, Code
  • of Criminal Procedure, or Election Code to the first 30 days of a disaster.
  • Rippley, and Amnesty International. I am proud to stand with y'all in this fight.
  • Senate Bill 785 relating to the regulation of new HUD code manufactured housing.
  • As colleges have access to this information internally.
Summary: The meeting focused on several crucial pieces of legislation, notably Senate Joint Resolution 40, which proposed a constitutional amendment to clarify the powers of the governor, the legislature, and the Supreme Court during emergencies. Senator Birdwell presented the resolution, emphasizing the need for legislative involvement during prolonged crises. It garnered broad support, passing with 29 votes in favor and only 1 against. Following this, Senate Bill 871, considered the enabling legislation, was also moved for discussion, with the aim of reinforcing the legislature's authority during emergencies while establishing clear guidelines for the governor's powers.
NH
Transcript Highlights:
  • working with uh Department of Revenue working with uh Department of Revenue Administration<02:17
  • Representative Damon. the New Hampshire Department of Revenue the New Hampshire Department of Revenue
  • and also federal revenue.
  • :26.000> revenue.
  • Department of Revenue Administration. Department of Revenue Administration.
Keywords: 928, house, all
Summary: The House Education Policy and Administration Committee met to hear a non-germane amendment to House Bill 131, which concerns bullying and cyberbullying prevention. Representative Glenn Cordelli, the prime sponsor, said the amendment was intended to revise and improve language from last year’s SB 210 and to incorporate measures from a cyberbullying bill previously passed by the House. He described changes to school communication requirements, mandatory reporting of bullying and retaliation, stronger investigation and collaboration requirements for cross-district cases, added safety and remediation language, a required conference with the alleged perpetrator and parents if available, updated reporting deadlines, and disciplinary consequences for harassment, intimidation, retaliation, and false reports. He also noted a later amendment would be needed to insert the words “the perpetrator” in one section, and he explained that some changes were meant to align with prior legislation and legislative drafting suggestions. Committee members raised several concerns. Representative Murray questioned the treatment of private and parochial schools, the change from gross negligence to negligence, and the removal of a definition of bullying based on imbalance of power and perceived characteristics. Representative Damon also objected to deleting that definition, arguing it would narrow the scope of bullying too much. Representative Han spoke in opposition, saying the amendment was too broad, unnecessary in parts, and not ready for final action; he criticized the removal of the imbalance-of-power language, the conference requirement when parents may not participate, and the reporting obligations for bus drivers and others. Cordelli responded that some issues were already addressed in prior law or SB 210 and that private schools have their own policies. Michelle Wongran of New Hampshire Legal Assistance testified in opposition, saying the bill was being heard without enough notice and that it does far more than the committee analysis suggests. She said the amendment adds undefined retaliation language, imposes reporting duties on school vendors and contractors, may conflict with FERPA and other federal privacy rules, and includes provisions that could have serious implications for schools and students. She said she supports parental involvement and some conference provisions in concept, but urged the committee to reject the amendment or at least send it through the normal legislative process for fuller review. No vote was taken during the hearing portion described in the transcript.