Video & Transcript Research : 'Internal Revenue Code'

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MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 02/05/25

Taxes

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
Keywords: 1187, senate, all
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.
CA

California 2025-2026 Regular Session

Senate Health Committee Jun 24th, 2026

Health

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
Keywords: 987, senate, all
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.
Keywords: 995, all
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.
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,...
Keywords: 995, all
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
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.
KY
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
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.
Keywords: 965, house, all
CA

California 2025-2026 Regular Session

Assembly Appropriations Committee May 7th, 2025

Appropriations

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
Keywords: 988, house, all
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
Keywords: 988, house, all
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.
NM

New Mexico 2026 Regular Session

House - Taxation and Revenue Feb 11th, 2026 at 08:37 am

House Taxation & Revenue

Transcript Highlights:
  • building code in order to occupy it.
  • And so these existing tax revenues already are authorized in statute, okay?
  • Revenues for long-term capital investment.
  • We've seen a larger decline in the tax revenue over the last two years.
  • So I want to take that out as excess revenue. So, Mr.
Keywords: 996, all
CA

California 2025-2026 Regular Session

Assembly Floor Session May 27th, 2025

California House Floor Meeting

Transcript Highlights:
  • I also want to note that one of these three students from the Maddie Institute will also be interning
  • And so for those of you that don't know, FIRST Championship is a culminating international event for
  • This is a district bill that simply strikes a provision of the Revin Tax Code that apportions property
  • federal tax-exempt status under Section 501c3 of the Internal Revenue Code.
  • Taxation Code.
Keywords: 988, house, all
AL

Alabama 2025 Regular Session

Alabama House Ports, Waterways & Intermodal Transit Committee Feb 19th, 2025

Ports, Waterways & Intermodal Transit

Transcript Highlights:
  • Changing the name would require international consensus, and such a change wouldn't align with historical
  • I believe that this would deem it necessary that we do this as an act of changing the code.
  • He said that would take care of issues that had to deal with our code, and I think that you brought up
  • Then, the port will be paying the balance with some of our revenues that we generate for this.
  • It was designed for international movements. We are handling international movements.
Bills: HB1, HB247, HB1
MN

Minnesota 2025 1st Special Session

Committee on Taxes - 02/20/25

Taxes

Transcript Highlights:
  • <00:21:49.840> sales Minnesota Department of Revenue sales Minnesota Department of Revenue
  • Mumm on the revenue estimate. Mr.
  • The commissioner of Revenue.
  • mentioned earlier uh two International mentioned earlier uh two International High<01:21:22.840>
  • Paul International Airport. You can see that the revenue estimate is a large one.
Keywords: 1187, senate, all
WY

Wyoming 2026 Regular Session

Joint Labor, Health & Social Services Committee, May 15, 2026 - AM

Labor, Health & Social Services

Transcript Highlights:
  • dependent are they on Medicaid revenue dependent are they on Medicaid revenue um<00:07:42.720>
  • Part of the insurance code. Yes, it's part of the insurance code. Thank you.
  • Part of the insurance code. that? Part of the insurance code.
  • >> Yes, it's part of the insurance code. >> Yes, it's part of the insurance code.
  • , code, code, um, um, um, that<03:14:23.080> that<03:14:23.440> allowed<03:14:23.840>
Keywords: 916, all
FL

Florida 2025 Regular Session

Fiscal Policy Apr 22nd, 2025

Transcript Highlights:
  • Revenue code, the existing for at least 15 consecutive years with the mission of advancing the prevention
  • Code 3, 7, 0, 3, 0, 4, by Senator Collins.
  • Criminal punishment code charge changes were modified.
  • We couldn't produce the revenue. Yes, it's negotiable.
  • Code 2 isn't 9, 3, 5, 2, by Senator Avila.
Keywords: 999, senate, all
AZ
Transcript Highlights:
  • point out that one of the conditions to the program is that we divert state prime contracting tax revenue
  • bill because a large majority of the tribal nations on these reservations, we do not have housing codes
  • and building codes.
  • Building codes and contractors, they just come and bid and use the cheapest materials, and then on bonds
  • , Income Tax Changes Notification Form, codifies current practice at the JLBC and OSPB to project revenue
Keywords: 1182, all
Summary: The caucus reviewed a long calendar of House bills across education, health, water, land, housing, labor, public safety, and taxation. Several measures dealt with artificial intelligence, including bills on AI disclosures for minors, AI-assisted divorce arbitration, an Arizona AI education program, AI privilege protections, and a required AI course in schools. Other topics included ESA administration funding, a prohibition on public money for certain foreign-controlled genetic sequencing devices, towing regulations, DUI and ignition interlock changes, health facility and nursing facility complaint timelines, internationally trained physicians, nurse anesthetist reimbursement, pharmacy penalties, childhood cancer research, cybersecurity encryption, school mental health instruction repeal, superintendent performance pay, adoption disclosures in student health settings, anti-Semitism in schools, and a range of water, land, and housing bills. Members frequently raised concerns about local control, unfunded mandates, constitutional issues, and the scope of state intervention. Several bills drew criticism for affecting school curriculum, public education, reproductive rights, protest activity, or tribal communities. Others were supported as technical fixes, consumer protections, or funding measures. The caucus also discussed a series of bills related to the Mexican gray wolf, state land management, solar and wind siting, groundwater transport, and rural development, with some members objecting that the proposals would undermine federal protections or tribal interests. A number of bills were pulled from consent for further discussion, including HB 2020, HB 2957, HCR 2044, HB 2352, HB 2667, HB 2906, HB 2093, HB 2386, HB 2481, HB 2830, HB 2076, HB 2411, HB 2136, HB 2665, and HB 2904. The meeting ended with an announcement of the Latino Caucus guest presentation and an emotional tribute to Reverend Jesse Jackson, followed by presentation of an Affordability Award to Representatives Lorena Austin and Stephanie Simacek for work on economic justice and working families. The caucus then adjourned.
CA
Transcript Highlights:
  • The Assembly Revenue and Taxation Committee is called to order.
  • revenue losses, will not be eligible for a vote immediately upon presentation by the author.
  • I'm an intern, and I oppose AB 564. Good afternoon.
  • The more we spend through tax codes, the fewer resources we have to allocate.
  • Revenue and Taxation Committee stands adjourned. Thank you.
Summary: The Assembly Revenue and Taxation Committee met with a delayed start while waiting for quorum, then heard several bills before moving to the suspense file. AB 564 by Assemblymember Haney would freeze the planned cannabis excise tax increase at 15% rather than allow it to rise to 25%; supporters argued the legal cannabis industry is struggling against the illicit market and high taxes, while opponents said the measure would reduce funding for children, youth programs, environmental restoration, and enforcement promised under Prop. 64. The bill was sent to suspense during regular order and later approved out of suspense on a 6-0 vote with amendments, including a five-year sunset and a reduced rate. AB 1265, also by Haney, would extend and expand the state historic tax credit to encourage rehabilitation of vacant historic buildings for housing and mixed-use projects; preservation and housing advocates supported it, and it was also sent to suspense rather than voted on immediately. The committee then heard AB 1377 by Assemblymember McKenna, which would require studios seeking optional diversity, equity, inclusion, and accessibility film tax credits to complete the plans they submit to the California Film Commission. Labor supporters said studios should do more than make good-faith efforts, and the bill passed 5-1 to Appropriations. AB 1416 by Vice Chair Ta would clarify disaster-related property tax deferrals for homeowners who have requested installment plans, and it passed 7-0 to the Assembly Floor. Afterward, the chair gave a general warning that the bills on suspense represented large revenue losses and emphasized the committee’s need to weigh tax expenditures against other state priorities. On the suspense file, the committee approved AB 27, AB 53, AB 97, AB 231, AB 232, AB 429, AB 613, AB 984, and AB 1485, mostly on unanimous or near-unanimous votes, while AB 547 passed 5-1. Several other bills, including AB 386, AB 389, AB 490, AB 6991, AB 814, AB 1057, AB 1219, AB 1282, AB 1354, AB 1431, AB 1435, and AB 1481, were held in committee. The meeting concluded with the committee adjourning after completing the suspense-file actions.