Transcript Highlights:

• Madam Whip, members, Senate Bill 1473 prohibits a municipality and county from imposing a cap on the
• No one is signed in against it, and Childhelp Inc. is signed in for it, as is CAP. Perfect.

Keywords: 1182, all

Summary: The caucus reviewed a long list of Senate bills and memorials across several policy areas, with most items presented as consent or third-read measures and little debate. Topics included special license plates for the Arizona Space Commission, local land-use and housing restrictions, liquor regulation updates, limits on municipal delays in permitting and exactions, election equipment security and timekeeping requirements, precinct committeeman vacancy procedures, assisted living and deed-fraud measures, a Freedom of Speech Monument committee, renaming Wesley Bolin Plaza, and a ban on gender transition procedures for minors. Members also discussed health and human services bills on behavioral health technician standards, Medicaid billing during ownership changes, breast cancer screening cost-sharing, naturopathic IV administration authority, safe-haven newborn surrender at hospitals, and access claim-processing timelines. The Judiciary portion covered probation limits for dangerous crimes against children, a civil cause of action related to prohibited gender reassignment surgery on minors, elimination of the statute of limitations for failure to register as a sex offender, probation incentive calculations, victim-rights expense recovery, unlawful flight penalties, vulnerable adult theft definitions, motor fuel theft, unlawful alerting, and evidence rules in sexual-assault-related hearings. In discussion, members asked for clarifications on several bills, including the definitions of “malicious” delay, internet access on election equipment, the scope of the breast screening bill, and the meaning of unlawful alerting. Supporters repeatedly described bills as common-sense, fraud-prevention, patient-access, or public-safety measures, while one member noted a no vote on extending the Vulnerable Adult System Study Committee. Additional measures in land, agriculture, water, public safety, and transportation included foreign-entity restrictions on land transactions, limits on transporting Mexican gray wolf puppies, water reuse and groundwater fee extensions, a larger water supply revolving fund loan cap, congressional memorials on EPA authority and the San Carlos irrigation project, expanded traumatic event counseling coverage, reimbursement of legal costs for certain disciplined law enforcement officers, data sharing with the federal government on unauthorized aliens, roadable aircraft registration, motor vehicle booting rules, military-property sign placement, a towing and impound study committee, photo enforcement penalties, and highway renaming memorials. No roll-call votes were described in the transcript, and the meeting ended after the transportation items and memorials were completed.

Transcript Highlights:

• my question is, not only should we pass this bill, I mean, should we also consider limitations on caps
• Yeah, so there is a clear cap on claim filing, only one claim per year per property, and that's on page

Bills: HB3057, HB3130, HB3310, HB3314, HB3985, HB4113, HB4486

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, gender transition, minors, health services, punitive damages, parental rights, health care providers, purchasing, compliance, state employees, longevity pay, contract management, marijuana tax, public service impact tax, county funding, voter approval

Transcript Highlights:

• I don't remember what the cap is, but we have a cap there. This doesn't change that.

Keywords: 996, all

Transcript Highlights:

• The other three, to get to 15, were approved in 2020 and 2021, and that has all put us at the cap of
• or close to the cap of $350 million for approved financings.

Keywords: 1182, all

Summary: The Senate Education Committee of Reference met for sunset reviews and first heard a presentation on the Credit Enhancement Eligibility Board from the Governor’s Office. The presenter explained that the board, created in 2016, has no dedicated staff or administrative budget and is supported by existing budget and policy staff and the Treasurer’s Office. The board’s purpose is to lower borrowing costs for qualifying schools by using a guarantee fund to enhance credit ratings, and it has largely been used by charter schools. Because the board has reached its statutory leverage cap and has not met since 2022, it is currently in a monitoring role, but it must remain in place to honor guarantees if any approved financing defaults. The committee asked about financing maturities, demand from schools, and whether a shorter continuation period would make sense. No public testimony was offered, and the committee voted to recommend continuing the board for 10 years, until July 1, 2036. The committee then reviewed the Western Interstate Commission for Higher Education (WICHE). WICHE’s president described the interstate compact, its regional role in higher education access, workforce development, and data services, and its major student programs: the Western Undergraduate Exchange, the Western Regional Graduate Program, and the Professional Student Exchange Program. She highlighted tuition savings for Arizona students and the state, the return of many PSEP graduates to practice in Arizona, and additional cost savings through cooperative purchasing and technology contracts. The committee asked no substantive questions, and it voted to recommend continuing WICHE for 10 years, until July 1, 2036. The final major item was the Arizona Department of Education School Safety Program performance audit, followed by testimony from the department. The Auditor General reported that the program has grown substantially, especially after expansion to counselors and social workers and increased appropriations, but that ADE did not consistently ensure schools complied with program requirements. In a sample of 16 schools, most had issues such as missing or incomplete operational plans, inadequate safety team activity, incomplete required training, missing activity logs, or reimbursement requests lacking expenditure reports. The audit said these problems reduced the program’s effectiveness and increased the risk of improper spending, and it recommended stronger monitoring, written procedures, and better documentation review. ADE accepted the findings and said it is implementing the recommendations through more direct staff oversight, training requirements tied to funding, encrypted submission of emergency plans, site visits, and representative desk reviews. The discussion then shifted to whether emergency plans should address federal law enforcement actions; the director said the plans are designed for campus safety threats generally and do not specifically contemplate ICE enforcement. The committee took no vote on the audit presentation and adjourned after discussion.

Transcript Highlights:

• And then, not really a follow-up, but is there a cap? Senator Yarbrough, you’re recognized.
• There is not a cap to your question.

Summary: The Commerce and Tourism Committee heard and reported favorably several bills. SB 386, by Sen. Trumbull, would create consumer rights and manufacturer obligations for defective farm equipment, modeled on lemon-law concepts, and passed without opposition. SB 528, also by Sen. Trumbull, would strengthen Florida’s manufacturing sector through Department of Commerce responsibilities, a chief manufacturing officer role, workforce grants, and reporting requirements; it drew questions about whether it differed from last year’s bill and was supported by several appearance forms before passing favorably. SB 806, a right-to-repair bill for portable wireless devices and agricultural equipment, drew the most testimony: supporters said it would expand consumer choice and repair access, while dealers and industry representatives argued existing manufacturer agreements already provide access and warned the bill could disrupt dealer/manufacturer relationships and future technology; it nevertheless passed favorably. The committee also approved SB 696 on trademark registration, which would modernize the trademark classification system, allow online applications, and clarify document verification procedures, and SB 930, which creates a 15-member Florida Retirement Savings Task Force to study retirement coverage gaps and recommend policy options without imposing employer mandates. SB 826, by Sen. Leak, would address reward cards that function like gift cards but expire, while excluding loyalty programs; the Florida Restaurant and Lodging Association raised concerns about unintended consequences and the need for tighter definitions, but the bill was reported favorably after the sponsor said the language would be refined. SB 874 would expand professional licensure reciprocity for experienced out-of-state surveyors and mappers to address workforce shortages, and it also passed favorably. After a pause, the committee took up CS/SB 838 on electronic payments of retail installment contracts. Sen. Yarbrough said the bill clarifies that reasonable convenience fees for optional electronic payments are permissible, provided they are disclosed and a fee-free option remains available, to reduce ambiguity and litigation. Members questioned whether the bill could authorize or expand fees and whether the “reasonable” standard was sufficiently clear; the sponsor said the fees are tied to processor costs and are not intended as revenue. An amendment adding the word “retail” was adopted, and the committee substitute was reported favorably. Several members later asked to be recorded as voting in the affirmative on bills they had missed, and the meeting adjourned.

Transcript Highlights:

• It allows us to go above that 400 percent poverty level, and that's the cap for the advanced premium
• Under current law, 55% of health insurance premium surtaxes are distributed to the age cap, and 45% are

Transcript Highlights:

• I BELIEVE THE SOVEREIGN IMMUNITY CAP SHOULD HAVE BEEN RAISED AND SHOULD BE RAISED AND I BELIEVE IF IT
• CONSEQUENTLY I VOTE AGAINST CLAIMS BILLS IN HOPES THE SOVEREIGN IMMUNITY CAP WILL BE RAISED IN IN HOPES

Keywords: 999, senate, all

Transcript Highlights:

• House Bill 1145 clarifies that public charter schools can receive funds under the CAP grant program.
• Representative Schof, currently today with the CAP program, is it currently just for public schools?

Summary: The Education and Employment Committee met with a quorum and heard four bills. CS/HB 1145 on workforce education clarified that public charter schools may receive CAP grant funds, expanded the number of college system money-back programs from three to six, and standardized eligibility rules while allowing institutions some flexibility. Supporters said it would help students access career training without adding new funding in the bill. The committee also heard CS/HB 1079, which expands dropout retrieval program eligibility to any individual who has withdrawn from high school and is not engaged in education, while resolving statutory conflicts about program structure; some members raised concerns about FERPA, student privacy, and third-party funding, but the bill was reported favorably despite one no vote from Rep. Valdes. The committee then considered HB 251, which would designate January 27 as International Holocaust Remembrance Day in Florida. The sponsor and supporters described the bill as a response to rising antisemitism and emphasized education, remembrance, and opposition to hate. Testimony came from a Miami-Dade school board member, a student, and other supporters, and members spoke strongly in favor of the measure. The bill was reported favorably with no opposition. Finally, the committee heard CS/HB 261 on middle and high school start times. The bill revises the earlier mandated later-start-time law by allowing districts to comply through a report to DOE detailing start times, planning efforts, public input, and impacts, rather than requiring immediate uniform implementation. Supporters from small school districts, Miami-Dade, PTA, and other organizations said the change preserves the health goal while giving districts flexibility to address transportation, dual enrollment, athletics, and staffing constraints. Members debated the need for parental involvement and detailed reporting, but the bill was ultimately reported favorably on a unanimous vote.

Transcript Highlights:

• It imposes unrealistic THC caps, effectively banning many common products and pushing consumers toward
• It would set reasonable THC caps, ensuring product potency aligns with consumer expectations while preventing

Bills: HB194, SB87, SB237

Keywords: healthcare, advanced practice nursing, nurse collaboration, medical board, nursing board, committee structure, midwifery, licensed midwives, State Board of Midwifery, licensure fees, professional liability insurance, complaints investigation, emergency care plan, out-of-hospital care, hemp, hemp beverages, psychoactive cannabinoids, psychoactive hemp products, delta-8 THC, delta-9 THC

Transcript Highlights:

• This bill repeals the diagnosis age of eight years old and also repeals the age cap for mandated coverage
• because it's in the same section as the language related to autism, the bill also repeals both age caps

Summary: The committee heard and acted on six bills. SB 480, by Senator DeSigley, would allow a narrowly tailored nonprofit agricultural organization to offer health coverage to its members, especially farmers and ranchers, outside the Florida Insurance Code; supporters said it would improve affordable access in rural areas, while the American Cancer Society Cancer Action Network warned the plans would not have to cover preexisting conditions or comply with ACA protections. An amendment aligning the bill with the statute for nonprofit religious organizations was adopted, and the bill passed as amended. SB 1226, also by Senator DeSigley, would create a regulatory framework for pet insurance and wellness programs; it drew no opposition and was reported favorably. SB 988, by Senator Truenow, would revise securities exemption and filing requirements under Florida’s Invest Local exemption law; a strike-all amendment clarifying terms, fingerprinting, and related compliance provisions was adopted, and the bill was reported favorably with the committee substitute. SB 944, by Senator Davis, would correct an omission in the law governing insurance overpayment claims so the 12-month limit applies to psychologists and HMO claims, with an effective date tied to January 1, 2026; the Florida Psychological Association supported the measure, and it was reported favorably with committee substitute after an amendment. SB 756, by Senator Burton, would remove the age-8 diagnosis cutoff and age cap for mandated insurance coverage for autism services, update the autism definition to the current DSM, and also repeal age caps for Down syndrome diagnosis; disability advocates and provider groups supported the bill, and it passed as amended. SB 1078, introduced on behalf of Senator McLean, would streamline permitting and inspection procedures for certain fire alarm and sprinkler projects, set deadlines for local agencies, limit extra documentation demands, and restrict enforcement of local ordinances not properly submitted; fire industry representatives supported the compromise amendment, some senators questioned local flexibility and permitting delays, and the bill was reported favorably after the amendment was adopted. The committee also approved a motion allowing staff to make technical and conforming changes and then adjourned.

Transcript Highlights:

• THE FLORIDA JOB GROWTH GRANT PATHWAYS CAREER OPPORTUNITIES GRANT WORKFORCE CAP GRANT, ALL OF THOSE HAVE
• IF I AM THE CAP TINY'S I WILL GET THE MOST CONSIDERATION IF I GET A LITTLE BIT CONSIDERATION BUT NOT

Keywords: 999, senate, all

Transcript Highlights:

• And that Minerals Management Account has And that Minerals Management Account has a<00:10:34.560> cap
• a cap of $3 million. a cap of $3 million.
• "Hey, you know, take off that stupid "Hey, you know, take off that stupid baseball<01:02:41.640> cap
• <01:02:42.120> just<01:02:42.520> acknowledge<01:02:43.280> their baseball cap
• Or just acknowledge their baseball cap."

Keywords: 1187, senate, all

Transcript Highlights:

• This bill gives property owners a structured, capped way to seek recourse when their local government
• This bill gives property owners a structured, capped way to seek recourse when their local government
• And I think you've got a cap. It says cities over 130,000. It says cities over 130,000.
• But that is why it has that population cap on it.
• This bill has a population cap on it. I appreciate your perspective.

Bills: HB2268, HB3000, HB3043, HB3066, HB3078, HB3143, HB3144, HB3244, HB3298, HB3320, HB3467, HB3321, HB3329, HB3431, HB3464, HB3499, HB3500, HB3586, HB3590, HB3650, HB3671, HB3695, HB3700, HB3701, HB3764, HB3767, HB3834, HB3931, HB3934, HB3940, HB3944, HB3979, HB3985, HB4113, HB4294, HB4302, HB4317, HB4324, HB4359, HB4426, HB4427, HB4430, HB4431, HB4434, HJR1077, SR42, SR35, HJR1023, HB1225, HB1374, HB1381, HB1590, HB1675, HB2153

Keywords: HB2268, Oklahoma Health Care Authority, OHCA, appropriation, General Revenue Fund, PACE, Programs of All-Inclusive Care for the Elderly, elderly care, aging Oklahomans, long-term care, Medicaid, health care funding, provider reimbursement, rate increase, low-income seniors, senior services, integrated care, emergency measure, cosmetology, barbering

Summary: The Senate began with a quorum call, gallery introductions, and extended farewell remarks from Senator Jett, who reflected on his six years in the Legislature, his focus on representing constituents, protecting families, and holding government accountable. Several senators responded with personal tributes, praising his conviction, faith, family involvement, and willingness to ask difficult questions. No votes were taken during the farewell portion. The chamber then considered House Bill 2268, a PACE appropriation to support comprehensive care for low-income seniors and expand services in rural Oklahoma. The bill was amended to restore the title, advanced, and passed 34-9, then passed as an emergency measure 36-7. House Bill 3000, a cosmetology and barbering measure, made multiple changes including board reorganization, adding a human trafficking specialist and massage therapist, shifting some licensing functions to Service Oklahoma, and eliminating the massage therapy advisory board. It drew significant debate over process and policy, especially from senators concerned about late changes, lack of board input, and the human trafficking rationale; it passed 25-19 and then as an emergency 33-11. The Senate also passed House Bill 3043, allowing the Oklahoma Department of Veterans Affairs to hire prorated seasonal staff for veterans homes, 37-6; House Bill 3066, creating a revolving fund for federal workforce training money for behavioral health recruitment and retention, 38-6 and as an emergency; and House Bill 3078, allowing donation options on state payment forms for the ODVA revolving fund, 45-0 and as an emergency. Additional measures passed included House Bill 3143, extending the moratorium on new medical marijuana business licenses to 2028, 39-7; House Bill 3144, capping medical marijuana commercial grower licenses at 2,550 after amendment, 34-12; House Bill 3244 on identity theft, 46-0; House Bill 3298 on child interview procedures in court cases, 46-0 and as an emergency; House Bill 3320, replacing the traditional sunset process with more immediate legislative review of agencies, 33-13 and as an emergency; House Bill 3321, requiring county data collection and reporting related to court costs and financial obligations, 45-0 and as an emergency; House Bill 3329, a trailer bill adding a repealer and a sunset for the Board of Psychological Examiners, 33-10 and as an emergency; House Bill 3431, expanding restrictions on foreign entities owning or leasing land and critical minerals, 43-0; House Bill 3464, setting safety and training requirements for certain projects involving fire code compliance and decommissioning, 43-0 and as an emergency; and House Bill 3499, expanding special judges’ authority over vehicle title orders, which was presented and advanced as the transcript ended.

Transcript Highlights:

• the level of experienced attorneys necessary to be prepared to handle the complex requests within a capped
• Ultimately, it is unlikely that a specific or capped fee amount would cover the actual costs incurred
• Ultimately, it is unlikely that a specific or capped fee amount would cover the actual costs incurred
• /c><00:08:26.720> a<00:08:26.960> specific<00:08:27.840> or<00:08:28.080> capped
• <00:08:28.479> fee unlikely that a specific or capped fee unlikely that a specific or capped

Bills: HF2048, HF2360, HF2006, HF950, HF912, HF3140, HF2931

Keywords: individual income tax, retirement contributions, tax corrections, annuity contracts, tax year attribution, tax credit, economic development, community investment, data disclosure, Minnesota regulations, tax increment financing, municipal authority, job creation, transferred increment, public hearing, nonresident employees, income tax exemption, Minnesota taxation, employment duties, tax withholding

Transcript Highlights:

• We count needles as we walk down through, and orange caps and all of that.
• 00:47:42.280> through<00:47:42.560> and<00:47:42.680> orange<00:47:43.000> caps
• as we walk down through and orange caps as we walk down through and orange caps and<00:47:44.280
• <01:09:17.359> And caps and so on and so forth. And caps and so on and so forth.
• <02:07:01.400> on<02:07:01.640> irrevocable increase the $10,000 cap on irrevocable

Keywords: 927, senate, all

Transcript Highlights:

• And the thing I wanted to point out here is that the tax credit is based on your income and it's capped
• And as your income increases, that cap increases.
• And so at $51,000, we're up to 8.5% of your income is what the cap is limited of the premium that you
• is based on your income and it's capped is based on your income and it's capped on<00:41:25.440>
• And so um increases that cap increases.

Keywords: 1187, senate, all

Transcript Highlights:

• The original income caps were introduced as a compromise in passing it.
• <02:25:15.040> The<02:25:15.280> original there was no income cap.
• The original there was no income cap.
• c><02:25:17.040> as<02:25:17.280> a income caps were introduced as a income caps were introduced
• And in the current year, even though the law says that cap was supposed to raise by 2%, we didn't.

Keywords: 928, house, all

Summary: The meeting was a House budget briefing focused on the overall state budget and the first of three divisions. The presenter reviewed the size and structure of the budget, noting that the state had eliminated the interest and dividends tax and still balanced the budget. He explained the major spending categories in the general fund and total budget, emphasizing that health and human services and education remain the largest areas, while transportation is largely self-funded. He also walked through the revenue picture, including business taxes, insurance taxes, court fees, communications taxes, and Medicaid recoveries, and said the remaining interest and dividends tax revenue reflected late payments from prior assessments. Members asked about the size of the tax cut from eliminating the interest and dividends tax, federal funding stability, and why Medicaid was being reduced if federal support was expected to remain steady. The response was that the lost revenue would have been about $200 million absent repeal, and that the budget gap was addressed through many small cuts across departments. On federal funds, the presenter said most aid is tied to multi-year grants and that core programs such as Medicare and Medicaid were expected to remain relatively stable, though some federal reductions could occur. He also said some agency reductions came from eliminating long-vacant, funded positions and from expected lapses. The discussion then moved into Division One, which covers smaller and miscellaneous agencies. The division made cuts to the governor’s office, eliminated a temporary position at the Governor’s Commission on Disability, reduced Department of Information Technology spending through a back-of-budget cut, and found savings in Administrative Services. It also delayed maintenance at the Sununu Youth Services Center, stopped advertising for paid family medical leave, changed retiree health insurance funding, and consolidated several personnel-related boards into one. The division eliminated the Commission on Aging and the Office of the Child Advocate, made a temporary special education advocate position permanent, reduced the Secretary of State’s budget, kept municipal rooms-and-meals distributions flat, and made changes to the retirement system, including $55 million to improve Group 2 retirement benefits and a new retirement structure for future state hires. The judicial branch was also asked to find savings and received two additional judges because of expected caseload increases from other eliminations.

Transcript Highlights:

• So one thing we recommend is that we put a cap on the fund of $1 million, and the rest would go back
• so one thing we recommend is that we put so one thing we recommend is that we put a<00:11:05.079> cap
• 07.040> of<00:11:07.279> a<00:11:07.399> million<00:11:07.959> dollars a cap
• on the fund of a million dollars a cap on the fund of a million dollars to<00:11:09.959> uh<00
• So right now we have a cap number of facilities at 19 for at least five years.

Keywords: 928, house, all

Summary: The committee first held a public hearing and then an executive session on HB 650, a housekeeping-style bill from the Joint Committee on Dedicated Funds. Testimony explained that the bill would remove references to two already-repealed dedicated funds, split the state parks dedicated fund so Cannon Mountain winter activities would be tracked separately from the rest of the parks system, and place a $1 million cap on the robotics education fund so excess money would revert to the general fund. Supporters said the changes were mainly administrative but would improve accounting and avoid timing issues; committee members asked about a typographical error in the bill text and whether the measure was more than housekeeping. The committee later voted 16-0 to recommend HB 650 ought to pass, and then placed it on the consent calendar. The committee also opened a public hearing on HB 585, which would revise the property tax exemption for religious organizations. Representative John Janigian, the sponsor, said the bill was intended to help small churches and other religious groups that own parsonages or worship buildings but no longer have a resident pastor, allowing them to rent space or use property for church purposes without losing the exemption so long as the money is used for church operations, maintenance, or outreach. He described his Salem church’s parsonage being taxed after it was no longer occupied by a pastor, and said the bill would prevent similar burdens on small congregations. Former Representative Betty Gay testified in support, describing prior assessor actions in Salem that taxed church land and buildings very aggressively, while a Municipal Association representative testified in opposition. Committee members raised questions about how terms such as “regularly recognized and constituted denomination” would be defined, whether the bill could be applied consistently to larger denominations with multiple parishes, and whether legislative research should review past treatment of similar cases.

Transcript Highlights:

• <00:22:00.159> on the so-called per capita caps on the so-called per capita caps on Medicaid
• She joined CAP in 1997.
• She joined CAP in religious freedom. She joined CAP in 1997.<01:45:51.199> Mr.
• <01:46:22.400> sponsored more than 200 pieces of CAP sponsored more than 200 pieces of CAP
• What happens a couple months from cap.

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, May 1, 2025, 1012, house, all

Transcript Highlights:

• 00:48:45.920> but<00:48:46.160> that<00:48:46.480> individual<00:48:47.040> cap
• <00:48:47.520> to<00:48:47.839> make bucket but that individual cap to make bucket
• but that individual cap to make it<00:48:48.400> more<00:48:48.720> incentivizing<00:48
• half of that because it's oversubscribed by several million dollars, which showcases that the overall cap
• needs to go up above seven. overall cap needs to go up above seven. >> Okay.

Keywords: 928, house, all

Summary: The committee met to review tax expenditures, elect a chair and clerk, and hear updates on two credits due for periodic review: the career and technical education (CTE) center tax credit and the research and development (R&D) tax credit. Members first organized the meeting, then heard from Jennifer Ramsey of DRA, who explained the purpose of the tax expenditure review process and summarized the CTE and R&D credits. She said the CTE credit allows donations to CTE centers for a credit against business profits tax, is capped at 25% of a taxpayer’s liability, has a $500,000 aggregate limit, and was extended in SB 98 to fiscal year 2031. She also noted DRA could not provide detailed financial data because of statistical disclosure limits when too few taxpayers claim the credit. Committee members pressed for more historical and aggregate information, arguing they needed numbers to judge whether the credit is effective and worth continuing. The committee then heard from Chrissy Vanderhook of the Department of Education on the CTE credit. She described New Hampshire’s CTE system as serving 26 secondary centers and seven post-secondary centers, with industry partners providing internships, work-based learning, equipment, employee time, and other in-kind support that can qualify for the credit. She said the department reports annually to legislative leaders and that fiscal year 2025 credit activity was down about 48% from FY24, partly due to staffing changes and outreach issues. Members asked whether the program extends to community college-level programs, and she said it can, though she was not sure how broadly it is used that way. The committee also discussed a new Granite Patron of the Arts credit, which DRA said went into effect July 1 and is included in the tax expenditure report even though it is not yet listed in the statute. For the R&D credit, Ramsey explained that it offsets business profits tax and can carry forward to business enterprise tax, is based on incremental research spending, and currently has a $7 million annual aggregate cap. She said the cap has not yet been reached but could require proration as early as fiscal year 2026 if not increased. She noted there were 271 taxpayers claiming the credit in fiscal 2024 and that a proposal last session to raise the cap to $10 million and increase the per-company limit did not advance. Mark Liberty of BEA said the credit is an important recruitment and retention tool, especially for life sciences, aerospace, defense, and advanced manufacturing, but acknowledged BEA does not track direct revenue return. Andrea Hchvaria of New Hampshire Life Sciences argued the R&D credit is critical for startups and cited growth in applicants from 71 in 2008 to 248 in 2024, with qualified wages rising substantially over that period. Committee members repeatedly asked for more objective economic-impact data, but DRA said it only tracks who claimed the credit and the amount claimed, not broader business outcomes.