Video & Transcript Research : 'Internal Revenue Code'
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TX
Texas 89th Regular
Appropriations - S/C on Articles VI, VII, & VIII Feb 26th, 2025
Appropriations - S/C on Articles VI, VII, & VIII
Transcript Highlights:
- that directs the comptroller to make a transfer to the fund of five billion dollars from general revenue
- Recommendations include maintaining the $19.9 million in general revenue. and general revenue dedicated
- to item 3, data center services, recommendations and including additional $0.4 million in general revenue
- with the PC and we did receive some funding for technology last session, especially to develop a low-code
- We have an internal audit department that works. to identify waste, fraud, and abuse and also works with
NH
MN
Minnesota 2025 1st Special Session
House State Government Finance and Policy Committee 3/4/25
State Government Finance and Policy
Transcript Highlights:
- state employees, including delivering annual required training to all employees on things like the code
- These trainings cover a broad range of issues over several days, including ethics, internal controls,
- of ethics conflicts of interest the code of ethics conflicts of interest prohibitions<00:04:18.440><
- need additional assistance with an internal audit as well as advisory services from MMB.
- This kind of feeds into that internal control space as well.
Bills:
HF10
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/28/2025)
Transcript Highlights:
- furthermore the department of revenues furthermore the department of revenues administration's<00
- corresponding and corresponding revenue corresponding and corresponding revenue from<00:50:49.359
- the tax rate we've grown the revenue the tax rate we've grown the revenue especially<00:57:50.160
- or meals and rooms revenue should get more of the revenue?
- million of gross revenue.
Summary:
The committee held a public hearing on HB 135, introduced by Representative Michael Harrington. He said the bill would codify a portion of the New Hampshire Constitution to bar New Hampshire businesses from being required to collect sales or use taxes for other states unless Congress mandates it, arguing that the U.S. Supreme Court’s Wayfair decision created an onerous compliance burden for businesses. He described the patchwork of state and local sales tax rules, thresholds, and product exemptions as extremely complex and said the bill was intended to push the issue back toward Congress and the courts.
Members questioned whether the bill’s reference to a “foreign government” would apply to other U.S. states, whether the proposal would conflict with the Supremacy Clause, and whether it would create standing for businesses to challenge Wayfair. Harrington responded that “foreign government” meant any government other than New Hampshire, that he believed the state could challenge the decision in court by passing a law contrary to Wayfair, and that businesses were already being harmed by compliance costs. Some members raised concerns about whether the bill was an unfunded mandate or simply a private compliance burden, and Harrington argued that the state itself would not be collecting the taxes, but businesses would still face recordkeeping and administrative costs.
Sam Garland of the Department of Justice then testified. He said the department was not taking a formal position on the bill, but offered technical comments. Garland acknowledged that Wayfair created significant compliance burdens and noted that states have become somewhat more uniform, with all states now having a $100,000 economic nexus threshold, though not all use the 200-transaction threshold and local tax variation remains substantial. He said the department’s concerns were legal, describing the issue as uncharted constitutional territory involving both vertical and horizontal federalism. No vote or final action was taken during the hearing.
CA
Transcript Highlights:
- It says let's make the revenue that I pay and the revenue that these insurance companies achieve.
- There's a QR code. It is prescriptive.
- It's if you want to scan a QR code, if the consumer goes the next step to actually scan the QR code.
- That QR code has to be linked to someplace. Where is your QR code linked to? To their website.
- So then let me ask you, this QR code, Assembly Member Rodriguez, this QR code that's going to link to
TX
Transcript Highlights:
- It says there's a disability penalty in code 48.051A that is causing schools.
- Um, uh, is, is governed by chapter 37 of the Education code.
- Slide 4 is the revenue picture that school districts receive.
- And do private schools follow the Texas Education code?
- I can't remember if it's in the Family code or the education code, but there are, there are laws that
FL
Florida 2026 Regular Session
FL House Floor Session - 2025-05-01 (11:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- So as we are doing this, I want to recognize our two interns this year.
- It's legislative intern day, so I have to mention mine to Thomas Rossner.
- It's legislative intern day, so I have to mention mine to Thomas Rossner.
- Like my colleague said, I guess it's intern day.
- Why she decided to intern with me, I have no idea.
Summary:
The Senate opened with prayer, the Pledge of Allegiance, and a series of introductions recognizing interns, pages, a retiring sergeant-at-arms employee, and advocates visiting for a Prader-Willi Syndrome awareness resolution. Leaders also noted ongoing budget talks with the House and said senators should not plan to be in next week while negotiations continue.
The main floor debate centered on Committee Substitute for House Bill 12.5, a citizen-initiative elections bill. Sponsors said it was intended to address petition fraud and protect the integrity of the constitutional amendment process, citing investigations, arrests, and fraudulent petition activity tied to recent initiatives. Opponents argued the bill would make it much harder and more expensive for citizens to place amendments on the ballot, chill volunteer participation, and effectively favor wealthy or corporate interests. After extensive debate, the bill passed 28-10.
The Senate then moved through a series of education bills, including measures on Bright Futures, Gold Seal, Florida ABLE, dual enrollment, educator preparation, and broader education policy, all of which passed unanimously. After a recess, the chamber took up House messages and concurred in amendments to bills on stem cell therapy, student athlete ECGs, cardiac emergency response plans, and school safety. Those measures also passed with broad support, with the school safety bill drawing some questions about the Guardian program and child care facilities.
WY
Transcript Highlights:
- Um the revenue revenue committee.
- NAICS code report, we separate our industries based on NAICS code.
- NAICS code report, we separate our industries based on NAICS code.
- NAICS code report, we separate our industries based on NAICS code.
- NAICS code report, we separate our industries based on NAICS code.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Jun 24th, 2025
Transcript Highlights:
- However, neither New Mexico statute or code actually defines the term orphaned well.
- Even at those revenues, I think you'll find there's a significant gap between the revenues going into
- in increased tax revenue.
- This is moving away from just revenues and looking at the entire economy.
- Jobs created, economic ROI, return and revenue. Those are all calculated using REMI.
MN
Transcript Highlights:
- calculated under United States code calculated under United States code title<00:08:55.240>
10 - again that you have seen the revenue again that you have seen the revenue estimate<00:25:40.679>
- Code Titles 10 and 32.
- <01:37:47.639>
Revenue <01:37:48.119>notices department of revenues Revenue notices - The Internal Revenue Service's fee structure begins at a couple hundred dollars and includes fee amounts
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Education Jun 21st, 2026 at 11:00 am
Joint Committee on Education
Transcript Highlights:
- It's clear, based on where we are now with our property taxes and their tax code, that we need to have
- It's clear based on where we are now with our property taxes and their tax code that we need to have
- That was code to my son for autism. He took the book off the bookcase and said, 'Goodbye, book.'
- We need to look at other revenue sources.
- Red can also be seen internally: inflammation, aggravated by these constant stressors.
Summary:
The Joint Committee on Education held a public hearing on a large slate of bills, with most testimony focused on two main topics: improving access to augmentative and alternative communication (AAC) for students with disabilities, and raising educator pay statewide. On the AAC bills (House 514/Senate 418), parents, advocates, and attorneys described how AAC devices and communication books help nonverbal or minimally verbal children communicate, participate in class, and reduce frustration and behavioral issues. Testimony emphasized that while districts are generally required to provide devices, many teachers and school staff lack training to use them effectively; the bill would direct DESE to update licensure and training requirements so newly licensed teachers are prepared to support AAC users. Committee members asked about current teacher-prep practices, implementation, and whether DESE could act without legislation, and witnesses said the proposal was intended as a long-term solution and had previously received some support and compromise language.
The committee also heard extensive testimony on House 733/Senate 370, which would set a statewide minimum salary of $70,000 for teachers and $55,000 for education support professionals (ESPs/paras), with inflation adjustments and a phase-in structure that would shift costs over time from the state to municipalities. Supporters, including the bill sponsor, MTA leaders, and school employees from several districts, argued that current pay is not a living wage, contributes to staffing shortages and turnover, and forces many educators to work multiple jobs or rely on public assistance. They said the bill would help recruit and retain staff and better reflect the importance of the work. Committee members raised questions about how the state would fund the mandate, how it would interact with Chapter 70 school aid and local budgets, whether other states have similar mechanisms, and whether the proposal could create disincentives for districts already paying above the floor. Witnesses pointed to the Student Opportunity Act, the Fair Share Amendment, and the need for a broader school funding formula review as possible parts of the solution.
The committee also briefly heard and discussed Senate Bill 435/House Bill 736, which would require de-escalation training for school bus operators, with the training paid for by employers. The sponsor and a parent advocate said the bill was prompted by a school bus incident involving a child with cerebral palsy and epilepsy and would improve safety and reduce reliance on law enforcement. Members asked whether the bill should also cover bus monitors and other transportation staff, and whether private contractors and public operators currently provide similar training. At the end of the hearing, the chairs closed testimony on the full list of bills and adjourned the hearing without taking any votes.
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board (6-1-26)
Transcript Highlights:
- Revenue Code.
- Uh, I won't make y'all come up interns.
- <00:28:28.720>
Revenue <00:28:29.120>Code, <00:28:29.679>which 401A, the Internal - Revenue Code, which is very important because it allows our members, our teachers, to make contributions
- Uh, that helps show the Internal Revenue Service good faith that we have, in fact, what the IRS would
Keywords:
Meeting Start: 00:00:09
Attendance Roll Call: 00:01:42
Approval of Minutes: 00:03:23
Overview of Actuarial Audit Process: 00:03:47
Overview of Reemployment After Retirement Provisions: 00:25:26
Teachers’ Retirement System: 00:25:26
Kentucky Public Pensions Authority: 00:50:32
Adjournment: 01:02:55, 958, all
Summary:
The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems.
The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules.
Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.
LA
Louisiana 2026 Regular Session
Natural Resources and Environment May 19th, 2026
Natural Resources & Environment
Transcript Highlights:
- And by the way, also, you talk about the revenue that's coming.
- So you would be for destroying a local parish off of revenue?
- The code does address high consequence areas, right, whether it's in the gas code or a liquid code.
- areas right whether it's in the gas code or a liquid code and so when you're when you're running a pipeline
- I mean, it's the only revenue we have coming in.
MA
Massachusetts 2025-2026 Regular Session
Senate Session (Full Formal with Calendar) Jun 21st, 2026 at 10:30 am
Massachusetts Senate Floor Meeting
Transcript Highlights:
- The measures that the gentleman just read, that the Chair just read, actually reduce revenue.
- So this particular amendment would create a Commonwealth Heritage Fund and direct 50% of the revenue
- now local revenues are too constrained by 2.5, which many people have noted, and state revenues are
- constrained, among other things, by the loss of federal revenue.
- So our interns, Henry Stevens, Coleman Smith,...
Summary:
The Senate met on the FY27 budget and began with several ceremonial introductions and brief amendment withdrawals. Senator Collins withdrew amendments related to restoring DCF social worker funding and educator pay. The chamber then ruled a package of tax-related amendments offered by Senator Tarr out of order on constitutional grounds, finding they would create money-bill provisions that must originate in the House; the Senate upheld that ruling by a vote of 35-4. Senator Tarr later offered amendments on a gas tax suspension and related tax relief themes, but those were not adopted.
The Senate considered and rejected several other amendments, including proposals on commemorating Commonwealth history, naming a bridge, repeat offenders, and no-cost calls. One amendment by Senator Fattman to extend domestic violence leave protections to contract employees was adopted unanimously, with 39 votes in favor and none opposed. The chamber also adopted an amendment creating a special commission to study the adequacy, reliability, and distribution of unrestricted general government aid (UGA), after extended debate about inequities in municipal aid and local budget pressures. Members from across the chamber supported the commission, while some emphasized that adequacy of funding, not just redistribution, remains a concern.
The Senate then took up Chapter 90, passing the municipal roads and bridges bill to be engrossed. It also adopted a community programming amendment and a Senate Ways and Means amendment, then adopted the Ways and Means budget amendment as amended and ordered the underlying FY27 appropriations bill to a third reading. After lengthy closing remarks from the Ways and Means chair, minority leader, and the Senate President praising the budget process and highlighting investments in local aid, education, public safety, and other priorities, the Senate voted 40-0 to pass the FY27 budget bill to be engrossed. The chamber then adopted an order to reconvene the following Tuesday at 11 a.m. and adjourned in memory of Trooper Kevin Thomas Traynor.
NM
New Mexico 2025 Regular Session
IC - Transportation Infrastructure Revenue Subcommitee Jun 5th, 2025
Transcript Highlights:
- So this shows the revenue that goes into the state road fund.
- When we put dollars and cents in the tax code, it does not go with inflation.
- Shortly thereafter, the US Court of International Trade overturned the International Economic Emergency
- How are we gonna make up those those revenues?
- who distribute the revenue from diesel purchased in New Mexico but consumed in other states.
TX
Texas 89th 2nd C.S.
Pensions, Investments & Financial Services May 12th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- It's, it's to get you through, um, a slow period in your revenue cycle.
- Tax notes are backed by full faith and taxation, but we were going to pay for them through TURS revenue
- So that TURS revenue would have allowed us to pay off this entire building in 3 to 5 years.
- We also request exclusions for refunding opportunities and revenue-backed debt, which both help lower
- Those are all under the local government code 271.05612 and 3.
MN
Transcript Highlights:
- The aviation cluster centered around Duluth International Airport contributes $1.4 billion in annual
- <00:59:04.000>
Uh that tax base and that tax revenue. - Uh that tax base and that tax revenue.
- It helps us with that revenue and that tax base, but it's also youth.
- Paul College studying computer editing or computer coding.
Bills:
HF1972, HF229, HF1090, HF1084, HF1307, HF1274, HF1609, HF2110, HF211, HF216, HF222, HF224, HF225, HF203, HF206, HF207, HF208, HF227, HF246, HF427, HF466, HF502, HF680, HF971
Keywords:
community center, Breckenridge, capital investment, state bonds, economic development, HF229, North Branch Area Hockey Association, Stacy Ice Arena, Chisago County, general fund appropriation, grant, ice arena, hockey rink, youth sports, recreational facility, community arena, nonprofit, DEED, Department of Employment and Economic Development, local infrastructure
CA
Transcript Highlights:
- The Civil Code, however, is largely silent on which agency is to be prosecuted. is responsible for enforcing
- But to the extent that there is revenue collected from the enforcement component of the program, the
- in preparation for our conversations in committee, we actually wanted to understand how often penal code
- This is the penal code section that AB 379 addresses as well as SB 1414.
- Stephanie, 1177 Connolly, 1478 Hoover, 1515 committee on labor and employment, 1516 committee on revenue
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Jun 29th, 2026
Revenue and Taxation
Transcript Highlights:
- Counties will get new revenue.
- Third, the bill excludes recognized revenue streams, including revenue tied to renewable energy attributes
- revenue, then you're not losing revenue.
- revenue, then you're not losing revenue.
- SB 711 made hundreds, or maybe a thousand, substantial changes in the Revenue and Taxation Code to make
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Aug 19th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- And there is also a simplified version of the medical revenue cycle that I will discuss.
- Coding and claims process.
- , including the International Classification of Diseases (ICD), the Healthcare Common Procedure Coding
- If you're coding according to the book, it won't work.
- They decided to shut down to just seek revenue from alcohol sales.