Video & Transcript Research : 'valuation increase'

Page 11 of 500
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • So with this bill, 60% of the people want a fee increase—that's the majority.
  • 51% want a fee increase, they're the majority.
  • The majority wants a fee increase, 51%—they should get it.
  • And so this bill changes nothing as far as valuations are concerned or taxes paid.
  • And so with that... ...as far as valuations are concerned or taxes paid.
Summary: The Senate Finance Committee approved the January 26, 2026 minutes and then heard several bills dealing with tax, retirement, and property assessment issues. SB 1215, as amended, was described as a technical “comma bill” that reorganizes the list of firefighter cancer conditions presumed work-related and removes mistakenly included peace officer language; it passed 6-1. SB 1180 would codify Arizona Department of Revenue’s practice of assuming federal conformity for above-the-line income tax items when preparing forms, with supplemental instructions if the legislature later acts differently; it passed 7-0 after discussion about whether it would affect executive-ordered changes. SCR 1028, a voter-referral measure to narrow the statutory exception allowing agencies to set certain fees and assessments without a two-thirds vote, drew sharp debate over majority rule versus limits on delegated fee authority and passed 4-3. The committee also advanced SB 1292, which clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations; PSPRS said the change would avoid compliance problems and unnecessary costs, and it passed 7-0. SB 1294, restoring county assessors’ authority to prorate property values for property destroyed in any manner while preserving a five-year classification benefit only for property destroyed by verifiable accident, passed 6-1. SB 1430, the annual tax corrections act, passed unanimously after DOR said it mainly removes redundant language, fixes a cross-reference, and codifies current practice. The committee then considered SB 1270, which would let CORP employers make optional supplemental retirement contributions of up to $5,000 to Tier 3 correctional officers and related employees at specified service intervals. Supporters from the FOP said it is a flexible retention tool for hard-to-staff correctional jobs, while some members worried it could add costs for counties and not solve the underlying retention problem; it passed 6-1. Finally, SB 1290, which requires advance notice and inspection reports for certain property inspections and bars repeat agricultural inspections for three years, drew strong support from farm groups and strong opposition from county assessors, who argued it would create costs, limit their ability to verify new construction, and interfere with annual valuation duties. The bill passed 4-2 with one member not voting, and the committee adjourned.
NM

New Mexico 2025 Regular Session

IC - Land Grant Oct 7th, 2025

House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:
  • Therefore, we're really advocating for this programmatic approach as well as an increase in funding.
  • parcels that they've gotten valuations on, and they're ready to move forward.
  • The land grant did seek the exemption for those valuations.
  • Over the last 18 years, our self-generated revenue has averaged a 2% increase.
  • dollar increase in revenue, so somewhere in the $30 million range for the total revenue.
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Sep 16th, 2025

Select Committee on Pension Policy

Transcript Highlights:
  • We're seeing increases in the funded ratio.
  • That is a 25 basis point increase, consistent with the inflation recommendation increase, from the current
  • In that scenario, future costs are going to increase when that emerges, and they’re going to increase
  • Will it increase the cost, decrease the costs?
  • Will it increase the cost when you can’t afford the increases? And managing that risk.
Summary: The committee approved the July minutes and then received an informational presentation from the Office of the State Actuary on the financial condition of the state retirement systems. The actuary reported that employer contribution rates are generally declining, helped by strong investment returns and reduced funding for PERS 1 and TERS 1, while funded ratios have continued to improve; on a combined basis the plans were reported at 100% funded in 2024, with open plans above 95% and legacy plans varying by system. The presentation also reviewed projected rates and funded ratios under current assumptions, noted that pension costs are taking a smaller share of the state general fund, and discussed risks from investment volatility, policy changes, and demographic experience. Committee members asked about savings from lower rates, deferred asset smoothing, and how Washington compares with other states. The committee then considered the state actuary’s recommendation on long-term economic assumptions and adopted all four recommendations by roll call votes: inflation at 3.0%, general salary growth at 3.5%, membership growth for Plan 1 funding at 1.0%, and investment rate of return at 7.25%. The actuaries explained that the inflation and salary growth increases were driven largely by higher long-term inflation expectations, while the investment return recommendation matched the current statutory assumption. Members discussed the timing of the Pension Funding Council’s decision, the effect of tariffs and inflation uncertainty, and how assumption changes would affect future contribution rates and budgets, particularly for open plans. Staff then gave an update on the LEOFF 1 study, explaining the difference between being “ahead of schedule” and truly overfunded, and summarizing responses received from DRS, the State Treasurer, and the State Investment Board on the merger and restatement proposals. DRS said both bills could be administered, though the merger bill’s COLA banking provision would be challenging until its new system is ready; the Treasurer urged caution, especially about the restatement bill and the use of one-time funds; and the Investment Board said removing assets from the trust would have some transaction costs but likely small impacts. The committee discussed whether to invite additional agencies and local government groups to testify, and staff said more responses, including from Ice Miller and the State Actuary, were expected for the October meeting. Finally, the committee heard a briefing on PERS 1/TERS 1 COLA policy and related bills from the last session. Staff reviewed the committee’s prior ongoing COLA recommendation, the SCPP-endorsed bills that would have created a one-time 3% COLA followed by an ongoing COLA, the Senate merger bill, and a separate ad hoc COLA bill. Public testimony largely supported Plan 1 COLAs and stable contribution rates, while several speakers urged caution about transferring LEOFF 1 surplus assets or merging legacy plans, and others raised concerns about climate risk and the pension fund’s investments. No further committee action was taken on the COLA item during this portion of the meeting.
KY

Kentucky 2026 Regular Session

Senate Standing Committee on State and Local Government (1-14-26)

State & Local Government

Transcript Highlights:
  • Uh, so what this does, it will freeze the increased assessment after they turn 65.
  • > in<00:10:36.880> assessments isn't an increase in assessments isn't an increase in assessments
  • tax increase. So, they won't get to $10. tax increase. So, they won't get to $10.
  • So there then there will be no increase.
  • <00:14:36.800> Someone increasing most of the time. Someone increasing most of the time.
Summary: The Senate State and Local Government Committee met and first considered Senate Bill 10, a proposed constitutional amendment to restrict the governor’s pardon power during the 60 days before a gubernatorial election and until a new governor is sworn in, effectively limiting pardons for 90 days in a four-year term. Sponsor Senator McDaniel argued the measure was a response to abuses of the pardon power and said it would force accountability before voters. Senator Herron raised a concern about a possible chilling effect on pardons but supported the bill after asking about the historical example cited. The committee voted unanimously 11-0 to pass the bill with favorable expression. The committee then took up Senate Bill 51, which would freeze property tax assessment increases for homeowners age 65 and older who reside in their homes, with the assessment resuming if the home is sold, vacated, or the owner moves to a nursing home or with family. Senator Neis described the bill as relief for seniors on fixed incomes facing rising property taxes, and he walked through the fiscal impact as a budgeted-revenue issue rather than an actual loss of current revenue. Several members spoke in support, saying constituents frequently raise concerns about being priced out of their homes and that the bill would help seniors remain in their communities. During the roll call on SB 51, Senator Chambers Armstrong said he wished the bill were means-tested but supported it because of its importance to low-income seniors; Senator Bledsoe also explained his support, citing senior homeowners in Fayette County; and Senator McDaniel said it complemented broader housing efforts and should go to the people for a vote. The committee reported SB 51 with favorable expression, then adjourned.
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 6th, 2026 at 02:00 pm

Revenue and Taxation

Transcript Highlights:
  • An increase of 2% or a 50% increase. Is that because of inflation?
  • What's the rationale behind the increase? Thank you, Senator. It hasn't increased since 2003.
  • the increase.
  • There hasn't been an increase in 24 years.
  • increase a homestead by thousands of dollars.
ND
Transcript Highlights:
  • So a really, really nice jump in terms of increasing the So a really nice jump in terms of increasing
  • So that amount did increase.
  • Taxing district property value increases separated by increases on existing and new property.
  • Taxing district property value increases separated by increases on existing and new property.
  • If the increase in their valuation allows that.
Summary: The Tax Reform and Relief Advisory Committee met with a quorum, approved the March 17, 2026 minutes, and heard a lengthy update from Tax Commissioner Brian Croshys on property tax relief programs. He reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting increased relief after House Bill 1158 and House Bill 1176, but also discussing how some households “income adjust out” of eligibility over time. Members asked about indexing income thresholds, expanding eligibility by age alone, simplifying administration, county-level notices, and whether the county and state systems could be streamlined. Croshys said the programs are heavily used, largely administered at the county level, and that the department is still refining compliance and reporting; he also said there were no material findings or overarching concerns in the latest review. The committee agreed more detailed PRC information would likely come back in a September meeting, and the chair announced an afternoon recess for lunch before later reconvening. Shelly Myers then presented the statewide property tax increase report, the zero-growth report, and a statistical report on property values and tax levies by class. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and identified counties and cities with the largest percentage changes in growth or decline. She also summarized recent trends: agricultural values remain relatively flat, while residential, commercial, and centrally assessed values have risen over the last five years; in 2025, residential property accounted for the largest share of statewide property tax levies, followed by commercial, agriculture, and centrally assessed property. Committee members asked about unusual zero-growth figures, the effect of annexation and land-use changes, and whether the 3% levy cap was forcing political subdivisions to use reserves or defer spending. Myers said many counties complied by using reserves, delaying capital projects, or limiting increases, and that some counties had not used their full cap. The committee then moved to the stripper oil extraction tax exemption. Commissioner Croshys reviewed the state’s oil tax structure and estimated the revenue impact of keeping stripper wells exempt from extraction tax while still paying production tax. He said the exemption saves operators hundreds of millions of dollars over a biennium, while the state still collects production tax on those wells. He also discussed projected impacts if the exemption were changed for future wells and noted that future outcomes depend on oil prices, production declines, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly explained the historical difference between the 35-barrel and 30-barrel thresholds for certain wells, citing differences in completion costs and lateral lengths. The committee then heard from EERC CEO Charles Gorecki, who presented an analysis of oil well life cycles and said most oil is produced before wells reach stripper status, but that refracturing or other reinvestment can significantly extend production and keep wells above the threshold for years.
MN
Transcript Highlights:
  • <00:40:42.440> at<00:40:42.640> death one-time valuation at death one-time valuation
  • accounting, appraisals, valuation accounting, appraisals, valuation specialists,<00:41:34.600>
  • the vehicle tab fee, increased the vehicle sales tax, increased the retail delivery fee, increased the
  • the vehicle tab fee, increased the vehicle sales tax, increased the retail delivery fee, increased the
  • , increased the vehicle sales tax, increased the retail delivery fee, increased the gas tax and tied
Keywords: 919, house, all
Summary: The committee heard presentations on two tax bills: House File 4123, by Representative Agbaje, would expand Minnesota’s net investment income tax to include certain business income, especially income from S corporations and LLCs not subject to federal self-employment taxes, while keeping the current rate and million-dollar threshold; she said it would raise an estimated $88.7 million next year. House File 4616, by Chair Gomez, would impose a 1% annual tax on fortunes above $10 million. Gomez framed the bill as a response to growing wealth inequality and argued that wealthy households and large fortunes should contribute more to public services, while Agbaje said her bill would broaden the tax base and help meet state needs. Public testimony was sharply divided. Supporters, including Nan Madden of the Minnesota Budget Project, Erica Mominee of the Minnesota Association of Professional Employees, Lauren Richards, and teacher Kristen Sinicariello, said the bills would help address wealth and income inequality and provide needed revenue for public health, education, and other public services. They pointed to federal tax cuts for high-income households, cuts to Medicaid and SNAP, and strains on state agencies and schools. Richards said small businesses already pay more than large corporations like Amazon, and Sinicariello argued that higher revenue would support classrooms and help equalize opportunity. Opponents, including Brian Cook of the Minnesota Chamber of Commerce, Dalton Danielson of the Minnesota Business Partnership, and John Beschi of NFIB Minnesota, warned that both bills would hurt business competitiveness and investment. They argued that HF 4123 would effectively create a new higher tax tier for pass-through businesses and that HF 4616 would be difficult to administer, could force sales of illiquid assets, and could discourage entrepreneurship and capital investment. No votes or final committee action were taken in the portion of the meeting provided; the committee moved through bill presentations and public testimony before member discussion.
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 9th, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • It does not increase with repeated violations.
  • So the bill increases the penalty for that.
  • This is an increase of a whopping 2,572% in six years.
  • Essentially, it'll allow for better valuation exchanges.
  • Essentially, it'll allow for better valuation exchanges.
Keywords: 908, all
Summary: The Senate opened with prayer, the pledge, and a quorum call, then took up House amendments to Senate Bills 2009, 2147, and 2113. On motion, the Senate refused to concur in the House amendments and appointed conference committees for each bill. The chamber then considered several House bills, adopting amendments and passing House Bill 1556, which creates a Children's Cabinet work group to study out-of-home placement and treatment for children with behavioral health issues, and House Bill 1363, which directs development of a customizable cardiac emergency response plan template for schools and athletic events. House Bill 1533, requiring students to complete a half-unit of financial literacy for graduation, also passed after amendment. House Bill 1226, dealing with masks in public places and protest-related identification concerns, passed after the Judiciary Committee removed language about complying with law enforcement requests to unmask.
AZ

Arizona 2026 Regular Session

03/17/2026 - Senate Natural Resources

Natural Resources

Transcript Highlights:
  • Population increase and licensed drivers.
  • Population increase and licensed drivers.
  • It went from 3.3% to 4.3% last year, a full percentage point increase.
  • The fact of the matter is there will be increases in the cost of water. However, to your point, Mr.
  • There is also a technical issue in how income-based valuation works.
Summary: The committee began with an informational presentation from Gordon Shemp of Nemecu Analytics on Arizona transportation fuel supply and pricing. He explained that Arizona sits at the end of the pipeline system, relies on limited terminal inventories, and can experience only about a seven-day fuel supply if pipelines are disrupted. He attributed recent price spikes to constrained pipeline capacity, Kinder Morgan pressure reductions after PHMSA anomaly reviews, and recovering demand, and he also discussed California refinery closures, increased imports from overseas, and proposed new pipeline capacity into Phoenix from the east. Committee members asked about fuel formulations and pipeline logistics, and Shemp said the proposed project would not change fuel specifications, only transport capacity. The committee then took up House Bill 2758, which would allow eligible entities in La Paz County’s McMullen Valley groundwater basin to transport groundwater to AMAs under specified limits and conditions, with related provisions on fees, districts, and water improvement programs. Supporters, including Stan Barnes, Jim Downing, and Barry Arons, argued the bill follows the Harquahala model, provides needed augmentation for urban Arizona, and includes local benefits and guardrails. Opponents, including La Paz County Supervisor Holly Irwin, Devonna Sater, and Ed Curry, said the bill would worsen groundwater decline, subsidence, and well failures in Salome and Wenden and favored outside investors over rural residents. After debate, the committee approved HB 2758 on a 4-3 vote. The committee also heard and advanced several other water-related bills. HB 2031, extending the deadline to apply for grandfathered groundwater rights in the Wilcox AMA from 15 to 27 months, passed 5-2 after some members said the extension was unnecessary and would delay protections. HB 2102, allowing county improvement districts in subsequent AMAs or groundwater transportation basins to use eminent domain for a well and standpipe site and water hauling, passed 4-3 after Sierra Club testimony called it a limited “band-aid” rather than a real solution. HB 2103, which would let water improvement programs accept gifts and dedicate groundwater transportation fee revenue to local residential water hauling and delivery, also passed 4-3. HB 2117, a technical cleanup bill shifting Environmental Special Plate Fund administration to the Natural Resource Conservation Board and raising education-center distributions from $5,000 to $10,000, passed 5-2 despite concerns about the fund’s administration. The committee then considered HB 2261, which changes agricultural property tax terminology and valuation rules. County assessors and the Arizona Association of Counties opposed it, warning it would effectively exempt many agricultural improvements from taxation and shift costs to residential taxpayers; the Arizona Farm Bureau supported it as a clarification that would provide certainty for agriculture. The bill passed 4-3. Finally, HB 2262, transferring the Resource Analysis Division from the State Land Department to the Arizona Geological Survey and revising geospatial advisory responsibilities, was introduced, with State Land Department staff saying they were neutral but noting the bill would need clearer statutory duties if RAD is removed.
NH

New Hampshire 2026 Regular Session

House Education Policy and Administration (01/30/2026)

Education Policy and Administration

Transcript Highlights:
  • So that's equalized valuation per pupil.
  • So the median family income and the equalized valuation per pupil.
  • , odd uh charter schools, ever increasing, odd uh charter schools, ever increasing, as<04:08:40.479
  • question still exists. um, the valuation and everything else. um, the valuation and everything else.
  • valuation question still exists. valuation question still exists.
Keywords: 928, house, all
Summary: The committee first heard HB 1334, which would remove the Education Freedom Account scholarship organization’s authority to approve “any other educational expense” under the EFA statute. The prime sponsor, Representative Porchelli, said the bill would narrow the law to the specifically listed qualifying expenses, avoid broad interpretation, and shift any questions to the Department of Education or the legislative oversight committee. In response to questions, she said she did not think the open-ended category had been needed and that the statute already clearly lists allowable expenses. A representative of the Children’s Scholarship Fund testified in opposition, saying the category is used rarely but is important for unusual cases, especially students with special needs, and that removing it could create unintended consequences. After testimony, the chair closed the hearing on HB 1334. The committee then heard HB 1513, which would move several EFA reporting and oversight requirements from administrative rules and the contract with the Children’s Scholarship Fund into statute. Representative Porchelli said the bill would consolidate existing requirements on timely responses to oversight requests, publication of expense reports by category and provider, and transmission of eligibility and enrollment data to the Department of Education. She described the bill as mostly a clarification and transparency measure rather than a substantive policy change. Members asked about the meaning of “timely access,” the 45-day deadline, whether the contract already covered these duties, and whether the scholarship organization had ever failed to comply. The Children’s Scholarship Fund said it had generally met the 45-day deadline, had not knowingly refused information requests, and that the quarterly reporting requirement could add cost; the sponsor said the DOE had provided guidance and was neutral. The hearing on HB 1513 was then closed. Finally, the committee heard HB 1256, which would repeal the state librarian’s authority to award scholarships for graduate library school attendance at American Library Association-accredited schools. Representative Drago said the law was unnecessary because the state does not currently have a state librarian, scholarships are not typically granted by statute, and he objected to the ALA accreditation requirement and what he described as the association’s political advocacy. In questions, he clarified that the bill targets the accreditation requirement rather than a specific school and said he did not think the state should direct taxpayer-funded scholarships toward ALA-accredited programs. A member raised First Amendment concerns, but the sponsor said the issue was not speech itself, only the use of taxpayer dollars and state law to support that direction. The transcript cuts off before any vote or final action on HB 1256.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Oct 8th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • valuation.
  • So this is just, so your current actuarial valuation.
  • That $7,000 benefit increases to just over $8,000.
  • ... you're increasing it by 2% each year.
  • Essentially, your benefit, rather than increasing by 2% each year, it's increasing by $100 each year.
TX
Transcript Highlights:
  • It ultimately did make it, but that one-year delay did cause a cost increase because, as the supply chain
  • changed, there was about a 10 to 13% cost increase. increase from the year delay.
  • When we talk to the police chief and ask them to increase enforcement for small crime, he says, "Well
  • We've had an increase in policing presence starting last October.
  • They've increased their side setbacks, they've increased their front and rear setbacks.
TX
Transcript Highlights:
  • With increasing visitor traffic and expanding development opportunities, the city is working to enhance
  • There was a current law that prohibits appraisal districts from having the compensation linked to an increase
ND

North Dakota 2026 1st Special Session

Tax Reform and Relief Advisory Committee Jun 23rd, 2026 at 10:00 am

Tax Reform and Relief Advisory Committee

Transcript Highlights:
  • So a really, really nice jump in terms of increasing the So a really nice jump in terms of increasing
  • So that amount did increase.
  • Taxing district property value increases separated by increases on existing and new property.
  • Some counties implemented hiring freezes and lowered costs of increased living, or living increases,
  • So next year they can actually go up 4% if their valuation allows that, if the increase in their valuation
Keywords: 908, all
TX

Texas 89th 2nd C.S.

Ways & Means Mar 3rd, 2025

Ways & Means

Transcript Highlights:
  • That has really increased.
  • So the increase is caused by two things one, increased debt, and two, enrichment decisions by local school
  • an increase of nearly 10,000%.
  • It's sort of an automatic property tax increase.
  • Sort of, I mean, an increase in the rate that everybody's going to pay.
Bills: HB8, HB9, HJR1, HB 22
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Oct 9th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • According to the valuation, that was, I think, it was 40 or 47 years.
  • It's not financially the right time to talk about increasing.'
  • We got an increase in 22; we got another increase in 23. We're on a pathway.
  • . increasing your Sharpe ratio at all?
  • Yes, it might increase the return, but it does increase our risk.
MN

Minnesota 2025-2026 Regular Session

Senate and House Tax Policies Discussion Group - 05/12/26

Minnesota Senate Floor Meeting

Transcript Highlights:
  • We left one off, and that is the valuation exclusion increase for disabled veterans.
  • We increased that, the valuation exclusion for disabled veteran homeowners. Thank you.
  • I think that's it. valuation<01:02:17.920> exclusion<01:02:18.800> increase<01:02:19.560
  • > for valuation exclusion increase for valuation exclusion increase for disabled<01:02:20.520>
  • We increased that, the,<01:02:33.040> um,<01:02:33.320> valuation<01:02:34.400> exclusion
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

House Finance Division II (02/03/2025)

Transcript Highlights:
  • <00:31:47.480> the decrease it it will just increase the decrease it it will just increase
  • , FNR differential aid was increased, and the extraordinary needs grant was increased dramatically.
  • , FNR differential aid was increased, and the extraordinary needs grant was increased dramatically.
  • , FNR differential aid was increased, and the extraordinary needs grant was increased dramatically.
  • , FNR differential aid was increased, and the extraordinary needs grant was increased dramatically.
Keywords: 928, house, all
Summary: The Department of Education’s Bureau of School Finance provided an adequacy-funding training for Division II, led by Mark Mello. He walked the committee through the adequacy formula using Albany, Allenstown, and Alton as examples, explaining average daily membership, base adequacy aid, and differential aid for free/reduced-price meals, special education, and English language learners. He also noted a recent change requiring home-education differential aid and emphasized that these aid streams are generally unrestricted district funding rather than money tied to specific students or programs. A major focus was the ongoing litigation over the adequacy base amount and the statewide education property tax, or SWEPT. Mello explained the historical basis of the current base amount, the 2008 legislative report that set the original methodology, and the later court ruling that the adequacy amount should be $7,356, which is now before the Supreme Court. He also described how SWEPT currently raises a fixed statewide amount of $363 million and how that revenue is used to offset the state’s adequacy obligation. For the example towns, Albany and Allenstown receive state adequacy grants because their SWEPT revenue is below their calculated adequacy cost, while Alton is an excess SWEPT community because its local SWEPT revenue exceeds the cost of adequate education. The discussion then turned to the pending “excess SWEPT” issue in the Supreme Court and what would happen if excess collections had to be remitted to the state. Mello said the Department is preparing a hypothetical walkthrough and explained that, if the court upholds the Superior Court ruling, DRA would likely be directed to collect excess SWEPT. Members raised concerns about whether SWEPT must be used for educational purposes and about the cash-flow burden on towns if money had to move from municipalities to the state and then back to districts. Mello and members discussed possible administrative workarounds, such as credits against other state aid distributions, and noted that the committee would continue reviewing the mechanics if the court decision comes down during budget work.
HI

Hawaii 2026 Regular Session

CPN Public Hearing 03-18-2026

Commerce and Consumer Protection

Transcript Highlights:
  • So, we can only imagine how much that might have increased over 2025 and going into 2026.
  • > specific,<00:08:45.640> while<00:08:45.800> we increase.
  • For Hawaii specific, while we increase.
  • increased over 2025 and going to 2026. increased over 2025 and going to 2026.
  • increases upon request. increases upon request.
Summary: The committee heard several consumer-protection and insurance measures. HB 1511 HD2 would prohibit unsolicited mail or email using high-pressure tactics or falsely implying affiliation with another entity; it drew support from the Office of Consumer Protection, the DCCA Insurance Division, and the Service Contract Industry Council, with some written support and at least one opposition. HB 1535 HD2, concerning automated external defibrillators and a tax-related provision for devices installed in certain public accommodations, received comments from DOTAX and the Tax Foundation, with additional support from the Department of Health and other groups. HB 1642 HD1 would ban ownership or operation of digital financial asset transaction kiosks that accept U.S. currency; it was strongly supported by OCP, the Attorney General, and AARP, while kiosk operators and industry representatives opposed the ban and urged a regulatory approach instead, including licensing, transaction limits, refunds, and other safeguards. Members questioned whether federal action could preempt the bill and whether a licensure regime could be funded through a surcharge, but no action was taken during the discussion. The committee also took up HB 1753 on social media account deletion and permanent erasure of personal information, with OCP standing on its initial comments and TechNet and Will Caron in support. HB 1810 HD2 would impose prompt payment and financial reporting requirements on professional solicitors selling donated tangible property on behalf of charities; Goodwill Hawaii testified in strong support, emphasizing donor trust and transparency, and several nonprofit and business groups submitted supportive testimony. HB 2282 HD1, which would require explanations for premium increases and clarify insurance licensing and cancellation/non-renewal procedures, was supported by the Insurance Division and OCP; a vice chair asked for complaint data related to condo associations, and a member noted that the same agencies had previously opposed similar Senate bills. Finally, HB 2614 HD1 would require cosmetics merchants to accept returns of new or unopened goods within specified time frames and improve signage requirements; OCP said the bill addressed longstanding complaints about high-pressure sales tactics and no-return policies, citing over 180 complaints and survey results showing most complainants did not understand the policy and felt misled.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources REVISED Feb 17th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • in that, which would be an increase to OPERS?
  • being increased during the election years.
  • When was the last time we actually increased this?
  • The increase from the actuarial came back as unfunded actuarial liability, amount of contribution increase
  • Uh, 50% increase in what's going out toward longevity pay.