Video & Transcript Research : 'standard deduction'

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NH

New Hampshire 2026 Regular Session

House Commerce and Consumer Affairs (04/14/2026)

Commerce and Consumer Affairs

Transcript Highlights:
  • > to<00:12:07.600> the<00:12:07.680> deductible, prosthetics applied to the deductible
  • For example, if prosthetics were applied to the deductible and there was a $10,000 deductible, then the
  • and say there was a $10,000 deductible and say there was a $10,000 deductible,<00:21:16.800> then
  • that cap could exceed what a deductible that cap could exceed what a deductible is<00:21:45.000>
  • standards contained in SB 661. standards contained in SB 661.
Keywords: 1189, house, all
FL

Florida 2025 Regular Session

January 14, 2025 - 01:00 PM

Transcript Highlights:
  • You have a very high deductible. You have very limits on coverage.
  • deductibles?
  • We had two of them, two deductibles, two separate, and of course the hurricane deductible was much higher
  • We had two of them, two deductibles, two separate, and of course the hurricane deductible was much higher
  • It's just a $500 deductible.
Summary: The subcommittee held its first meeting on homeowners property insurance, with members from both parties introducing themselves and repeatedly noting that insurance affordability, roof condition, claims handling, and storm recovery are top concerns for their districts. Chair Yeager said the meeting was intended as an educational discussion rather than a legislative debate, and introduced a panel that included Insurance Commissioner Mike Yaworski, consumer Chad Carr, agent Mary Catherine Lawler, insurer executive Melissa Burt DeVries, and policyholder attorney Chip Merlin. The panel and members discussed major cost drivers in Florida homeowners insurance, including inflation, home age, roof age, mitigation features, claims history, litigation costs, reinsurance, and the Florida Hurricane Catastrophe Fund. Commissioner Yaworski said underwriting has become more sophisticated and that litigation costs, reinsurance, and replacement-cost inflation all affect premiums; he also said litigation is down about 30% and average requested rate increases have fallen from about 22.1% in 2022 to 0.8% today. DeVries said age of home, replacement cost, roof age, and coverage choices can materially change premiums, and explained that reinsurance is a major expense passed through to consumers. Merlin emphasized transparency concerns, argued that insurers are increasingly individualizing risk, and said consumers often struggle with coverage limits, deductibles, and claim denials. Members asked about flood coverage, hurricane deductibles, managed repair programs, mitigation credits, new insurer capitalization, and whether savings from reforms are reaching consumers. Yaworski explained that flood is generally excluded from homeowners policies and covered separately, that hurricane deductibles are mandatory in Florida and usually around 5%, and that the office tracks savings from reforms through rate filings and insurer discussions. He said the state is updating mitigation discounts and monitoring new entrants closely for solvency and market conduct. Several members and panelists said recent reforms have helped reduce some abuses and litigation, but many consumers are still seeing higher premiums because replacement costs and reinsurance remain elevated. No votes or formal actions were taken.
TX

Texas 89th 2nd C.S.

Delivery of Government Efficiency May 7th, 2025

Delivery of Government Efficiency

Transcript Highlights:
  • Under this program, our employees would not be required to pay deductibles, co-payments, co-insurance
  • Um, when, when the employee chooses to go there and waives the copays and deductibles, then, um, and
  • It mandates clear disclosures for public-facing AI systems and standardized notices about data use and
  • We're particularly glad to see that the bill relies on established standards from the National Institute
  • of Standards and Technologies AI Risk Management framework to ensure that there is strong and clear
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Education. (2-26-26)

Education

Transcript Highlights:
  • So, somebody who takes the standard deduction would it wouldn’t apply to, but what I’ve heard here, this
  • Even if you took the standard deduction, you’re going to get a credit for whatever taxes.
  • So after just being an average person taking the standard deduction and not qualifying for any of those
  • <00:40:42.400> deduction<00:40:43.040> and<00:40:43.280> and uh taking the standard
  • deduction and and uh taking the standard deduction and and not<00:40:43.920> any<00:40:44.160
Summary: The Senate Education Committee heard House Bill 1, which would have Kentucky opt into a federal education freedom tax credit program allowing donations to scholarship-granting organizations (SGOs) for K-12 educational expenses. The bill sponsors said it would not use Kentucky general funds, would be administered through the Secretary of State, and would let donors claim up to a $1,700 federal tax credit for contributions to SGOs. They argued the program could support public, private, religious, and homeschool-related educational needs, including tutoring, transportation, technology, special needs services, and other school expenses. Several senators raised concerns about whether the bill would favor larger districts with more school-choice options over rural counties with only one public school, creating a two-tier system. The sponsors responded that public school districts could also create SGOs and that the federal rules limit eligibility to families at or below 300% of area median gross income. They also said the program would not reduce existing state or federal school funding, but would instead redirect federal tax credit dollars that Kentucky donors might otherwise send to other states or back to the federal government. Members asked about the structure and oversight of SGOs, including whether they must be nonprofits, how broad their missions could be, and whether funds could be earmarked for specific purposes. The sponsors said SGOs must be certified, serve at least two schools and 10 students, spend at least 90% of receipts on scholarships, and cannot be directed to a specific student, though they can be targeted to categories such as elementary students or special needs services. They also said homeschool families would need to organize through a co-op or existing approved SGO. No vote was taken during the portion of the meeting provided.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Revenue Jun 21st, 2026 at 10:00 am

Joint Committee on Revenue

Transcript Highlights:
  • So that's why those two things kind of look different in terms of what those deductions are.
  • And so that's why those two things work at the same level, and the 50% deduction at the federal level
  • So when that income, already got all the deductions in that foreign jurisdiction, they take all the deductions
  • This plan allows me to have lower premium, a lower co-pay, and no deductible.
  • Ethical responsibility refers to adhering to moral standards.
Keywords: 995, all
Summary: The Joint Committee on Revenue, chaired by Senator James Eldridge and Representative Adrian Madaro, opened its hearing with a moment of silence for the late Lowell State Senator Ed Kennedy and reviewed hearing procedures and deadlines. The committee then took testimony on several corporate tax bills, including S. 2033/H. 3110 on offshore tax avoidance, H. 3248 on a manufacturing tax exemption, H. 3057 on a tiered corporate minimum tax, and S. 2041 on a corporate tax haven blacklist, along with a separate business interest deduction bill. No votes were taken during the hearing. Supporters of S. 2033/H. 3110, including labor unions, health care workers, educators, public health advocates, seniors, and several legislators, argued that Massachusetts needs new revenue to offset federal cuts to Medicaid, SNAP, health care, education, and other services. They said the bill would raise roughly $400 million annually by increasing the share of offshore profits included in the state tax base from 5% to 50%, and they framed it as a fairness measure that would require large multinational corporations to pay more while leaving most local businesses and workers unaffected. Testimony emphasized risks to MassHealth, PCA services, adult dental care, hospitals, schools, and public health programs if new revenue is not raised. Opponents, including the Mass Taxpayers Foundation and the Council on State Taxation, argued the proposal is poor tax policy and likely unconstitutional because it would tax foreign-source income without allowing foreign tax credits or a comparable apportionment method. They said Massachusetts should take a broader, coordinated approach to federal tax changes rather than a standalone bill, and warned of litigation risk and possible double taxation. Supporters such as MassBudget and former tax counsel Don Griswold countered that the bill is a reasonable rough-justice approach, consistent with federal and neighboring-state treatment, and that it would primarily affect a small number of very large multinationals. On S. 2041, the Global Business Alliance opposed the proposed tax haven blacklist, while supporting a separate bill allowing business interest deductibility.
FL

Florida 2026 5th Special Session

Finance and Tax Feb 25th, 2026

Transcript Highlights:
  • for business interest expenses, and increasing the amount of business meals eligible for deduction.
  • For the deduction allowed on research and experimental expenses, the changes made to the deduction for
  • would add back the amount deducted at the federal level and deduct the amount that would have been deducted
  • For the deduction allowed on research and experimental expenses, the changes made to the deduction for
  • would add back the amount deducted at the federal level and deduct the amount that would have been deducted
Summary: The Finance and Tax Committee met with a quorum present and took up two bills. The first, SPB 7046, was the Senate tax package. It included changes to Live Local property tax opt-outs, charter school distributions from voter-approved property tax levies, RV park special assessments, fiscally constrained county funding, a permanent sales tax exemption for small propane tanks, a hunting/fishing/camping sales tax holiday, and provisions barring governmental net zero policies. An amendment made the charter-school distribution change prospective starting July 1, 2026. Committee discussion focused heavily on whether the charter-school language would divert money from traditional public schools and on the fiscal-constrained county formula. The bill was reported favorably as a committee bill after a roll call vote, with Senators Bernard and Jones voting no. The committee also considered SPB 7048, which updates Florida’s conformity to the Internal Revenue Code as of January 1, 2026 and partially decouples from federal tax changes in the One Big Beautiful Bill Act. The bill addresses bonus depreciation, research and experimental expenses, business meal deductions, and the business interest deduction, with the Revenue Estimating Conference expected to review the fiscal impact later in the week. The Florida Chamber testified that the bill should better align with federal tax relief and reduce administrative burdens, while senators emphasized the need to balance business tax relief with state revenue constraints. SPB 7048 was also reported favorably as a committee bill by roll call vote.
WA

Washington 2025-2026 Regular Session

Senate Human Services Dec 5th, 2025

Transcript Highlights:
  • It restricts our ability to confer a higher utility standard deduction for households.
  • When you take those deductions that SNAP allows you—a deduction for rent, which is capped at like $650
  • You can take a housing deduction, but it caps it at $650 a month.
  • And you can take a deduction for child care that is also capped.
  • When you take those deductions, you do not... And child care.
Summary: The committee heard testimony on the effects of H.R. 1 on Washington’s Medicaid, developmental disability, long-term care, and food assistance systems, followed by a separate discussion of juvenile rehabilitation caseloads and placement capacity. DSHS officials said HR1 could affect home equity rules, immigration-related eligibility, work requirements for some expansion-population enrollees, and provider taxes, while also creating a future opportunity for a new 1915(c) waiver. Advocates and providers warned that any state response that cuts home and community-based services would worsen already thin provider networks, increase waiting lists, push more people into hospitals or out-of-state placements, and strain families and workers. A pediatric behavioral health expert and a supported living provider said Medicaid reimbursement is already too low and further reductions would threaten outpatient, residential, and inpatient services for people with intellectual and developmental disabilities and severe behavioral needs. The committee then turned to SNAP and the state food assistance program. DSHS said HR1 would tighten work requirements and exemptions, end some immigrant eligibility for the federal program, eliminate the SNAP education program, raise state administrative costs, and eventually require Washington to share in benefit costs based on its error rate. Officials estimated large numbers of residents could lose or see reduced benefits, with significant added state costs. Anti-hunger advocates, a food bank director, and a SNAP recipient described the program as essential for low-income families, seniors, and people with disabilities, and said the changes would increase paperwork, reduce benefits, and worsen food insecurity while also harming local food economies. Testimony emphasized that food banks cannot replace SNAP and that work requirements may be difficult to meet for caregivers, people with disabilities, and those facing child care or transportation barriers. In the juvenile justice portion, the Caseload Forecast Council presented the JR forecast, which is currently mostly flat through the end of the biennium but expected to grow modestly over the longer term. Members discussed how policy choices, including the 2019 JR-25 law, have increased lengths of stay for adult-sentenced youth in JR, while diversion and other reforms have affected regular JR trends. A court researcher explained the data available to help forecast admissions and noted ongoing efforts to improve data sharing with JR, AOC, and county systems, though staffing and system-lag issues limit how quickly data can be produced. Juvenile court administrators and DCYF officials described the community-based juvenile justice continuum, rising complexity in the JR population, overcrowding at Green Hill and placement constraints at Echo Glen and Harbor Heights, and the need for more flexible community transition and mental health capacity. No votes were taken.
TX

Texas 89th 2nd C.S.

Insurance Jun 4th, 2026

Insurance

Transcript Highlights:
  • A key part of network adequacy standards is distance standards, which were expanded by HB 3359, only
  • The statute includes time and distance standards for 48 provider types that align with the federal standards
  • requiring standards for facility-based providers.
  • That's a high-deductible, HSA-qualified plan.
  • They use a similar geographic standard. So... A similar geographic standard.
Keywords: 1184, house, all
NM
Transcript Highlights:
  • Mainly, it's the increased standard deduction that decreases New Mexico revenue by about $1 million per
  • And then there's a reinstatement of a federal research deduction.
  • deduction.
  • That may benefit some middle and lower-income filers by allowing them to claim the higher standard deduction
  • Those are probably prepaid taxes for the federal deduction, right?
Keywords: 996, all
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 02/19/26

Taxes

Transcript Highlights:
  • The couple has no dependents and they take the standard deduction.
  • Taxpayers A and B in this example are married with no dependents and take the standard deduction.
  • Their joint taxable income after the standard deduction is $43,350.
  • Taxpayer A has a standard deduction.
  • standard deduction is $43,350. standard deduction is $43,350.
Keywords: 1187, senate, all
LA

Louisiana 2026 Regular Session

Senate May 31st, 2026

Louisiana Senate Floor Meeting

Transcript Highlights:
  • So the VFW has their standard.
  • So the VFW has their standard, and then we've put additional standards that try to protect veterans the
  • review by the 19th Judicial District Court, based on the record only and under an abuse of discretion standard
LA

Louisiana 2026 Regular Session

Senate May 31st, 2026

Louisiana Senate Floor Meeting

Transcript Highlights:
  • So the VFW has their standard. that the federal government's already putting on them the way that the
  • So the VFW has their standard, and then we've put additional standards that try to protect veterans the
  • review by the 19th Judicial District Court based on the record only and under an abuse of discretion standard
Summary: The Senate met with 29 members present, heard a prayer and national anthem presentation, and approved the journal without objection. The chamber then received multiple messages from the House on conference committee reports and concurrence actions, and took up a long calendar of Senate resolutions and House/Senate bills returned from the House with amendments. Several resolutions were adopted without objection, including commendations and requests for reports or studies, while others were left over or returned to the calendar. The Senate concurred in or adopted amendments on a series of bills covering registrar compensation (SB 25), broadband administration and reimbursement (SB 80), school safety master key boxes (SB 132), dental coverage for cancer treatment (SB 155), paid parental leave for educators (SB 157), election supervisor compensation days (SB 202), water utility service line replacement funding (SB 228), weight management services through the Office of Group Benefits (SB 250), medical debt protection (SB 414), Medicaid coverage of weight-loss medication (SB 443), and design-build authority for vertiport facilities (SB 513). It also adopted a House concurrent resolution urging backup motors for the St. Claude Avenue Bridge (HCR 32). One bill, SB 479 on removal of certain judges, had its amendments rejected and was sent to conference. The chamber then considered conference committee reports on several measures. Reports were adopted on SB 312 (labor organization dues and fees), SB 208 (veterans services and VA-related restrictions), SB 382 (workers’ compensation advisory council and reimbursement schedule timing), SB 389 (agent and athlete registration and fee review), and multiple House bills including HB 359 (party primary qualifying rules), HB 368 (New Orleans historic preservation lien procedures), HB 468 (wholesale residential real estate definitions), HB 552 (DWI-related responsive verdict language), HB 732 (motor vehicle fines/fees and hybrids), HB 870 and HB 1236 (pharmacy benefit manager and insurance provisions), and HB 1117 (prescription period issues). HB 210 on retroactivity was also adopted after debate. Several conference reports were temporarily passed over or returned to the calendar, including HB 953, and the Senate adjourned to reconvene the next morning for final work.
HI

Hawaii 2026 Regular Session

LBT Public Hearing 01-28-2026

Labor and Technology

Transcript Highlights:
  • catch up with till they the deductions catch up with the<00:06:46.880> reimbursement.
  • <00:10:52.079> complaint pursuant to their standard complaint pursuant to their standard complaint
  • It amends the amount that a disbursing officer may deduct from an employee's salary range, a wage or
  • It is a higher standard.
  • It is a higher standard. Um under it. It is a higher standard.
Keywords: 912, senate, all
Summary: The committee first heard SB 2122, which would tie public service flexible spending account contribution and carryover limits to the annual IRS cafeteria plan caps. DEER supported the bill and said it would help the state keep pace with federal limits, though it suggested deleting the words “inflation/adjusted” and “for that calendar year” as unnecessary. HGA and UPW strongly supported the measure, saying state limits lag the IRS amounts and that higher caps would help employees offset rising health care costs. In response to questions, DEER said the plan has a fund balance of about $1.6 million but noted some risk if employees leave before contributing enough to cover reimbursements. The unions agreed to DEER’s suggested wording change so long as the bill still clearly required future increases to track the IRS limits. The committee then took up SB 2116, which would create a confidential process in the Attorney General’s office for anonymous complaints against public employees, with complaints forwarded to the appropriate agency and annual reporting required. DLIR and the Attorney General opposed the bill. The AG’s office said anonymous complaints cannot truly be guaranteed to remain anonymous, that existing laws already provide confidential complaint processes in specific areas, and that the AG would effectively be only a repository without meaningful authority over how complaints are handled. HGA and UPW supported the bill, saying it would begin a conversation about protecting complainants while discouraging frivolous complaints. In questions, senators raised concerns about how anonymous complaints would be investigated and whether the AG could serve as an appeal body; the AG said the proposal would likely require broader changes to existing complaint laws. The committee also heard SB 218, which would amend the amount a disbursing officer may deduct from an employee’s wages to repay indebtedness to the state. HGA and UPW supported the bill, saying it would create a more lenient repayment process for employees who were overpaid and should not have to repay large amounts in a single pay period. UPW said the bill would eliminate a provision allowing recovery of debts of $1,000 or less in one pay period, which it described as problematic for members. The Libertarian Party of Hawaii was listed in opposition, and additional comments were submitted by the state controller and the University of Hawaii Professional Assembly. Finally, the committee heard SB 2114, which would repeal the prohibition on certain exempt employees grieving suspensions or discharges and allow bargaining-unit members to grieve disciplinary actions. DHRD and the City and County of Honolulu opposed the bill, arguing exempt employees are at-will employees who serve at the pleasure of the appointing authority and already have other legal remedies for discrimination or harassment; they also said the issue is a negotiable matter under collective bargaining agreements. HGA and UPW supported the bill, saying exempt positions have increased in number and that just-cause protections would improve recruitment and retention. Senators questioned how unions would represent exempt employees and whether the bill would change the at-will nature of those positions; no vote or final action was taken on the measures in the portion of the meeting provided.
TX
Transcript Highlights:
  • We set standards for licensing, client records, discharge planning, and safety.
  • One of the first few things they do, they're standard orders.
  • There's a standard at our state hospitals that I think we should be able to do.
  • This is standard protocol. call as far as the testimonies and I personally experienced.
  • Of course this is post-deductible. Right?
TX

Texas 89th Regular

Senate Session Mar 12th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • South Texas ISD USD has set a high standard, ranking in the top 4% of high schools in both the state
  • Secretary read the caption Committee substitute Senate Bill 25 relating to health and nutrition standards
  • funding, with $1.1 billion going towards additional hardening grants to meet new minimum safety standards
  • independence, competence, and impartiality of the judiciary. and encourages judges to maintain high standards
  • They're just the public wants to see a standard and they want some, you know, some accountability and
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am

Joint Committee on Financial Services

Transcript Highlights:
  • So in order to get this tax shelter, they have to be enrolled in a health plan that has a deductible
  • What that does is it inadvertently disqualifies these HSA-compatible plans, because the deductible has
  • Certain preventive drugs are okay not to be subject to the deductible. That is your question?
  • Interesting. ...be subject to the deductible. That is your question? Yes, thank you very much.
  • I consider us very lucky with some of the standards.
Keywords: 995, all
Summary: The Joint Committee on Financial Services held a hearing with Chair Jamie Murphy and Senate co-chair Senator Feeney presiding. Members asked witnesses to keep testimony to three minutes and noted that written testimony could still be submitted. The committee heard testimony on several health insurance and pharmacy-related bills, including a proposal to allow controlled prescriptions to be transferred between pharmacies within the same chain, legislation affecting health savings account (HSA)-compatible plans and future insurance mandates, a bill on small business health insurance incentives, and H. 1212 on emergency insulin access. Several parents and patients testified in support of emergency insulin access, describing severe diabetes emergencies, diabetic ketoacidosis, prescription delays, and the need for pharmacists to dispense insulin in urgent situations when doctors or insurers are unavailable. A parent also described the burden of repeatedly obtaining new prescriptions for ADHD medication when pharmacies are out of stock. Witnesses supporting the HSA bill argued that state coverage mandates can unintentionally disqualify HSA-qualified plans and that the bill would preserve tax advantages for enrollees while avoiding repeated legislative fixes. A representative of the Retailers Association supported the small business health insurance incentives bill, saying it could help retain small employers in the merged market by allowing carriers to offer financial incentives tied to cooperative purchasing and utilization efforts. One witness, Kathleen Demarest, testified against a co-pay assistance restriction, saying a state rule had unexpectedly cut off her drug assistance before a generic was actually available, leaving her with very high out-of-pocket costs. Committee members asked a few clarifying questions about HSAs, insulin dispensing, and school support for diabetes care. After all scheduled witnesses had testified and no additional testimony was offered, the committee voted to close the hearing.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/26/26

Taxes

Transcript Highlights:
  • So, they can just deduct that from their income and get those tax refunds.
  • child care would be able to be deducted child care would be able to be deducted under<00:28:37.919
  • <00:31:23.320> deduction<00:31:23.760> is<00:31:23.880> already that the standard
  • deduction is already that the standard deduction is already very<00:31:24.440> high,<00:31:24.920
  • as a deductible amount federally. as a deductible amount federally.
CO

Colorado 2026 Regular Session

Colorado Senate 2026 Legislative Day 119 Part 2 May 13th, 2026

Colorado Senate Floor Meeting

Transcript Highlights:
  • And so there were safety standards that the FDA removed in 2000.
  • and standards to address domestic<02:52:22.720> violence.
  • That's the gold standard, by the way. And you know what else you have to have?
  • loss deduction tax expenditure is incidental and de minimis. 7A.
  • ... ...deductions, and picking winners and losers through targeted credits.
Keywords: 981, all