Transcript Highlights:

• And then it allows that rate to increase as it does in the normal course of things.
• What was the percent increase? I think it's seven and a half, Senator.
• It is to the extent that there's a longevity increase every six years. ...increase every six years.
• a cost of living increase is traditionally put forward or it goes on forever.
• So really, it's not an increase. It takes into consideration...

Bills: SB107, HB158, HB353, HB354, HB357, HB181, HB465, HB526

Keywords: SSUT, simplified sellers use tax, sales tax distribution, municipal revenue, municipal population, annexation, deannexation, incorporation, boundary change, federal census, decennial census, Department of Revenue, local government finance, revenue sharing, municipal boundaries, population recalculation, probate judge, Boundary and Annexation Survey, Alabama municipalities, HB158

Transcript Highlights:

• A lot of evidence is being brought in to induct the character of the company in order to increase the
• That's a 90% increase in 2024.

Bills: SB39, SB2129, SB2141, SB2246, SB2323, SB2439, SB2722, SB 39

Keywords: commercial motor vehicle, truck liability, motor carrier, trucking, civil liability, respondeat superior, negligent entrustment, negligent maintenance, negligent loading, negligent repair, bifurcated trial, exemplary damages, punitive damages, personal injury, collision, employer liability, vicarious liability, Civil Practice and Remedies Code, Texas tort reform, commercial truck accident

Transcript Highlights:

• This steep increase in revenues from the tolls is primarily an increase in value.
• Well, the population is increasing. Increased dramatically. Is it just purely more users? Yes.
• That's because road damage increases exponentially with axles.
• How do you justify that 100% increase?
• And so, 125 to 290, and by the way, it wasn't an 8% increase.

Bills: SB39, SB2129, SB2141, SB2246, SB2323, SB2439, SB2722, SB 39

Keywords: commercial motor vehicle, truck liability, motor carrier, trucking, civil liability, respondeat superior, negligent entrustment, negligent maintenance, negligent loading, negligent repair, bifurcated trial, exemplary damages, punitive damages, personal injury, collision, employer liability, vicarious liability, Civil Practice and Remedies Code, Texas tort reform, commercial truck accident

Transcript Highlights:

• When the government installs infrastructure on on or near private property, it could increase the value
• I just want to be clear that the bill would exempt. any increases in value from taxation or exempt from
• It would cover the increase in property value due to that.
• If a piece of land sees an appraisal value increase delineating what portion of that increase is attributable
• should not pay taxes. on that increase because of some border infrastructure.

Bills: HB195, HB247, HB255, HJR2, HJR4, HJR6, HJR31, HJR34, HB195, HB247, HB255, HJR6, HJR31, HJR34

Keywords: school district, ad valorem tax, local revenue, tax collection, education funding, border security, tax exemption, ad valorem, real property, infrastructure, Texas-Mexico border, ad valorem taxation, farm products, livestock, timber, death tax, inheritance tax, estate tax, property transfer, constitutional amendment

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.

Transcript Highlights:

• And so they're also the valuation.
• So, our valuations every other year.
• It increases by 1.5% each year, so the dollar amount is about $21.94 right now, but that will increase
• So those are increased.
• whenever that is and they can increase whenever that is and they can increase that<00:59:06.319>

Keywords: Meeting Start: 00:00:01 Attendance Roll Call: 00:01:26 Approval of Minutes: 00:02:27 Investment, Cash Flow, and Legislative Update: Bo Cracraft – Judicial Form Retirement System: 00:03:12 Ryan Barrow – Kentucky Public Pensions Authority: 00:21:52 Beau Barnes – Teachers’ Retirement System: 00:34:31 Adjournment: 01:07:25, 958, all

Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.

Transcript Highlights:

• First, it would increase the $3 million set in the fund to the Supreme Court for the pilot program for
• First, it would increase the $3 million set in the fund to the Supreme Court for the pilot program for
• First, it would increase the $3 million set in the fund to the Supreme Court for the pilot program for
• First, it would increase the $3 million set in the fund to the Supreme Court for the pilot program for
• Further language is added detailing valuation determinations when a high-impact data center or power

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present, approved the prior meeting minutes, and then considered a series of House bills and committee substitutes. House Bill 5438, dealing with changes to Step 7 of the school aid formula and allowable uses of certain education allocations, was amended to adopt the Education Committee’s changes and then reported to the full Senate. House Bill 4087 creating the West Virginia-Ireland Education Alliance was also reported, as was House Bill 4191, which expands child care tax credit eligibility for employer-sponsored facilities and changes subsidy payments from attendance-based to enrollment-based reimbursement; senators emphasized its workforce and economic development benefits. House Bill 5074, which reallocates medical cannabis fund balances and future revenues, was amended to increase the Child Protective Commission pilot funding from $3 million to $5 million and remove proposed ibogaine research funding for Marshall and WVU before being reported. House Bill 5353, regulating virtual currency kiosks and money transmission licensure, and House Bill 5527, creating licensure and oversight for wellness reimbursement program administrators, both received strike-and-insert amendments and were reported. House Bill 5687, which phases down the metallurgical coal severance tax and adds a temporary oil and gas tax reduction with county/municipal revenue adjustments, was amended and reported. House Bill 4418, creating an electronic system for municipal business and occupation tax filing and collection with a 1% administrative fee and a participation threshold, was also reported. The committee then took up House Bill 4245, the Revenue Rules Bundle, which bundles 26 legislative rules from the Department of Revenue and related agencies. The bundle included alcohol, banking, insurance, racing, and tax rules, with several sunset extensions and repeals of outdated rules; the committee adopted a strike-and-insert amendment affecting a lottery consumer protection rule and a pre-need cemetery company rule, then reported the bill. House Bill 5168, providing a $12 million lottery-funded stream for emergency medical services, was amended to clarify the uses of the funds, rename one fund, require a 30% county match for mental health treatment spending, and create two additional county-based EMS funds; senators described it as a needed permanent funding source for EMS, and it was reported. Throughout the meeting, members generally supported the measures, with some discussion on technical details, funding allocations, and the impact of the bills on local services and workforce needs. At the end of the meeting, the chair announced that Senate House Bills 4004, 4006, and 4009 would not be taken up that day, and the committee adjourned.

Transcript Highlights:

• The House increased that obligation to $125.
• This bill limits taxable valuation increases of a property to not more than 3% per year of the prior
• year's valuation, unless a ballot measure to increase beyond the 3% passes in a primary or general election
• This bill limits taxable valuation increases of a property to not more than 3% per year of the prior
• year's valuation, unless a ballot measure to increase. of the prior year's valuation, unless a ballot

Keywords: 908, all

Summary: The Senate met with a quorum present and handled a mix of conference committee appointments, appropriations bills, policy bills, and House amendments. Early in the session, the chamber appointed conference committees for SB 2399 and for House-amended SBs 2213 and 2354, and also named conference committees for HB 103, HB 1308, and HB 1169. The Senate then took up several appropriations measures, including HB 1612, which creates the North Dakota Center for Aerospace Medicine at UND; the Senate adopted an amendment shifting the funding to a one-time $250,000 Community Health Trust Fund appropriation with a required $250,000 match from other sources, and the bill passed 39-7. HB 1193, the “Back the Blue” grant, was amended to make the funding one-time and focus on officer retention, then passed 41-5. HB 1329, a government spending database proposal for school districts, was amended into a legislative study and passed 42-4. HB 1020, the water budget, received extensive amendments reducing and reallocating funding across major water projects, adding studies and oversight changes, and passed 45-0 with the emergency clause. HB 1581, a tribal tourism grant, also passed 40-6. The Senate rejected HB 1330, which would have authorized divestment from direct investments in Chinese companies; after debate over the prudent investor rule, trade impacts, and whether the bill singled out one nation in law, it failed 20-26. HB 1534, limiting property valuation increases, and HB 1266, adjusting the disabled veterans property tax credit, both failed unanimously or nearly so after committee recommendations against them. HB 1566, which would have created a regulatory framework for a product discussed as kratom, was amended on the floor to convert it into a study and then passed 31-15. The chamber also passed HB 2241 on charter schools after a House amendment changed the funding formula to the statewide average from the prior year, and HB 2022, the indigent legal counsel budget, after House changes added funding flexibility, offset lost fee revenue, and included a study on a public defender office. The Senate concurred in several House amendments and then passed a number of Senate bills. SB 2375, allowing joint negotiations between dental providers and insurers under Attorney General oversight, passed 44-2. SB 2251, clarifying that open records requests during state audits should be referred to the audited agency, passed 46-0. SB 2159, related to nuclear energy research, passed 43-3 after House amendments required Industrial Commission approval and consultation with the radioactive waste advisory council. SB 2155, changing gratis antelope license rules, passed 30-16 after debate over landowner rights and tag distribution. SB 251, setting fees and an audit for the Private Investigative and Security Board, passed 44-2. SB 2280, the prior authorization health insurance bill, passed 43-3 with a House-added study and consumer protections. SB 2023, the Racing Commission budget, passed 41-5 after a House change made internship funding one-time. SB 2232, changing prenatal substance exposure reporting requirements and related toxicology rules, passed 44-2. SB 2241, authorizing public charter schools, passed 39-7. The session ended while the Senate was still processing SB 2022’s final passage vote, but the bill had already cleared concurrence on House amendments.

Transcript Highlights:

• Currently, a homeowner can lose the statutory limitation on valuation, which is the 3% cap increase,
• changed any improvements, what this bill does is it removes zoning changes as a reason to lift the valuation
• Currently, a homeowner can lose the statutory limitation on valuation, which is the 3% cap increase,
• What it does is it removes zoning changes as a reason to lift the valuation cap.
• So if a home is still being used as a home, the homeowner should not be facing any sudden valuation spike

Keywords: 996, all

Transcript Highlights:

• You know, so you've got a valuation increase, and it doesn't seem to be, it seems to be high price, but
• Valuations, you know, with this drawdown, the hidden benefit of that is the market valuations are starting
• That's kind of a valuation measure. If you take earnings, times...
• As that program grows, the savings increase as well.
• So these savings are increasing.

Keywords: 908, all

Transcript Highlights:

• <00:03:42.879> for an amount for annual increase for an amount for annual increase for inflation
• Yeah, so per is already there, so we've got $1,000 tax rate, $1,000 equalized valuation.
• her $1,000 of equalized valuation her $1,000 of equalized<00:22:03.880> valuation right All right
• A few of them were just really on me, and so we did get that increase from $500 to $750.
• They're like, 'Geez, you got that veterans tax increase. Could you ever get it raised again?'

Keywords: 1191, senate, all

Transcript Highlights:

• This slows response times and increases risk.
• And eventually we got to 45% funded because of those pension benefit increases.
• benefits, and when it increased benefits, the funded status dropped, and then it came back and it increased
• it increased benefits the funded status dropped and then it came back and it increased benefits again
• The COLA increase is also important.

Bills: SB1046, SB1317, SB1376, SB1416, SB1448, SB1471, SB1493, SB1498, SB1502, SB1504, SB1538, SB1544, SB1550, SB1579, SB1581, SB1584, SB1624, SB1673

Keywords: telecommunications, broadband, internet infrastructure, critical infrastructure, cybersecurity, national security, foreign adversary, China, Chinese equipment, supply chain security, network equipment, microchips, Arizona Corporation Commission, telecommunications provider, communications infrastructure, Huawei, ZTE, state-owned enterprise, sanctions, infrastructure security

Summary: The committee first approved its February 4 minutes and announced several bills would be held, including SB 1317, SB 1416, SB 1419, SB 1490, and SB 1493. It then heard SB 1579, which would appropriate about $4.7 million from the state general fund to expand a law enforcement data-sharing pilot through the Department of Administration, with funds for DPS, county sheriffs, university police, and city/town police departments. Testimony from the sponsor, Flagstaff’s mayor, Eloy’s police chief, and Maricopa County Sheriff’s Office staff emphasized faster records access, better coordination, and officer safety; an amendment added $125,900 for the Scottsdale Police Department after it had been omitted. The committee adopted the amendment and gave SB 1579 a do pass recommendation by a 6-0 vote with one not voting. The committee next considered SB 1581, which appropriates about $1.4 million from the Peace Officer Training Equipment Fund for pepperball equipment and about $1.316 million for public safety training simulators, with an amendment increasing the Nogales Police Department’s pepperball allocation and expanding simulator funding so Yavapai County could buy two simulators with a three-year warranty. Supporters from Navajo County, Phoenix, Glendale, Flagstaff, and Cochise County described pepperball as a de-escalation tool and simulators as important for crisis-response and use-of-force training. The committee adopted the amendment and passed SB 1581 as amended on a 7-0 vote. SB 1673 was heard next and would appropriate $8.2 million from the general fund to the Law Enforcement Crime Victim Notification Fund, exempting the appropriation from lapsing. The sponsor and law enforcement witnesses said the automated notification system has improved victim communication, reduced workload, and sent millions of updates; committee members asked about funding sources and why a bill is needed for a constitutionally mandated program. The committee approved SB 1673 without amendment on a 7-0 vote. The committee also heard SB 1544, which would make adult probation records public on request, while requiring redaction or withholding of sensitive information such as victim data, minors’ information, medical or counseling records, active investigations, and confidential informants, and creating a process for written denials and court appeals. The sponsor said the bill is intended to increase transparency and data access, while witnesses raised concerns about risk-assessment language and confidential information; the sponsor said amendments would be brought later to clarify those provisions. The committee passed SB 1544 on a 4-3 vote. Finally, SB 1376, creating a civic leadership development special plate and fund for a youth mentoring nonprofit, passed unanimously, and SB 1550, a three-year Queen Creek pilot program to prevent runaway youth exploitation and improve investigations, also passed after testimony from Queen Creek officials and police; one senator voted no, citing concerns about how runaway youth are treated in other legislation. The committee then began hearing SB 1504, a pension bill modifying retirement dates and COLA timing for Tier 2 and Tier 3 public safety personnel, with supporters arguing it would improve recruitment and retention and opponents warning it would create significant unfunded liabilities, but the transcript cuts off before final action on that bill.

Transcript Highlights:

• When is that increased, and who makes the decision to increase that? >> Sure.
• increasing damages. increasing damages.
• reasonable valuation. reasonable valuation.
• increase taxes and fees. increase taxes and fees.
• increase to rateayers? increase to rateayers?

Keywords: 1189, house, all

Transcript Highlights:

• would increase.
• The increase in valuation still gives counties and schools and everybody else the opportunity to have
• Over time, this simply slows down the increases in the assessed valuation of the property.
• And the taxes keep increasing.
• Do you do you Consider it a 10% increase, a gradual increase? Thank you for the question.

Bills: SJR50, SJR51, SJR52, SJR53, SJR54, SJR39, SB1290, HB4028, HB4029, HB4073, HB4074, HB4075, HB4076, HB4077, HB4078, HB1250, HB2951, HB2961, HB3151, HB3581, HB3705, HB3970, HB3972, HB3980, HB3981

Keywords: Medicaid, federal funding, state law, healthcare, low-income adults, Oklahoma Constitution, healthcare regulations, Oklahoma Health Care Authority, permanent rules, joint resolution, OHCA, health care rules, administrative rules, major rule, Title 75, Title 317, Oklahoma Administrative Code, OAC 317:30, health policy, state health programs

Transcript Highlights:

• Theoretically, PE firms can valuation.
• PE investors also increase the use of ancillary services such as lab tests and imaging services.
• PE investors also increase the use of ancillary services such as lab tests and imaging services.
• resident outcomes, including increased resident outcomes, including increased mortality,<00:11:52.240
• <00:12:12.560> These increased risk for residents. These increased risk for residents.

Keywords: 1183, house

Summary: The committee took up two bills concerning health entity ownership and heard invited testimony before acting on them. Dr. Yasha Singh of Brown University testified about private equity in healthcare, describing how PE firms use debt-financed acquisitions, short investment horizons, and roll-up strategies that can avoid disclosure requirements. He said the lack of transparency makes it difficult to track ownership and outcomes, and cited research linking PE ownership to higher costs in outpatient care, more ancillary service use, workforce turnover, and worse outcomes in hospitals and nursing homes. He also noted Minnesota-specific concerns, including PE involvement in opioid treatment programs, and said the policy challenge is balancing needed capital investment with protections for patients and workers. Sam Brooks of the National Consumer Voice for Quality Long-Term Care testified in strong support of the legislation, focusing on nursing homes. He argued that private equity ownership is associated with worse resident outcomes, including higher mortality, more pressure ulcers, more hospitalizations, and more deficiencies, and said leverage buyouts divert money from staffing and care into debt service, management fees, and lease-back arrangements. Brooks said staffing levels and quality ratings decline under PE ownership and pointed to recent bankruptcies as examples of instability. He said the bills would add safeguards such as transparency, attorney general approval of acquisitions, and requirements that a large share of public funds go to direct resident care. The testimony framed the bills as responses to concerns about private equity ownership in healthcare and long-term care, especially the effects on quality, staffing, and financial stability. No vote or final committee action was described in the excerpt.

Transcript Highlights:

• Again, these revenue generators are not broad-based tax increases.
• Again, these revenue generators are not broad-based tax increases.
• With an increase, if a town decides to increase or adopt this, then it will be heavier.
• This is not the time for tax increases, even on the municipal level.
• This has led to an increase in the price of many items on the menu.

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hybrid hearing on several property and local tax bills. The main focus was H.56, the Municipal Empowerment Act, which the Healey-Driscoll Administration, the Massachusetts Municipal Association, MAPC, and Salem Mayor Dominick Pangallo supported as a package of local options and administrative reforms. Supporters said municipalities need more tools to relieve pressure on property taxes and fund services, citing proposed increases to local meals and lodging taxes, a new local vehicle excise surcharge, senior property tax relief, one-year override flexibility for emergencies, and central valuation of telecom and utility property by DOR. The administration said the bill was based on municipal listening sessions and was intended to give cities and towns optional, not mandatory, revenue tools. Opponents, including the National Federation of Independent Businesses, argued the tax increases would hurt restaurants, hotels, tourism, and small businesses and add to affordability concerns. The committee also heard testimony on H.3211, dealing with deeds excise receipts, from Norfolk County Commissioner Richard Staidi. He said Norfolk County is financially stable but needs additional revenue for major capital needs at its agricultural school, especially a new cafeteria and other aging facilities, and also to support county programs such as veteran transportation services. On S.2020, a bill to allow settlements of tax liability, Greater Boston Legal Services, the Asian American Civic Association, and several individual taxpayers urged creation of a more workable offer-in-compromise process at DOR. They said the current system is too subjective, requires an unaffordable $5,000 threshold, lacks clear standards and appeal rights, and leaves low-income taxpayers stuck with unmanageable debt, license suspensions, or business closures. Supporters said the bill would give both taxpayers and DOR a practical way to resolve liabilities and bring people back into compliance. The committee also took testimony on S.1966, which would require nonprofits selling property to disclose any back-tax obligations to buyers. Senator Peter Durant said the bill was prompted by a personal experience in which a tax bill arrived after a nonprofit property purchase was already completed, and he argued the disclosure would prevent buyers from being surprised by retroactive tax liability. No votes were taken during the hearing, and the chair closed the session after hearing from all scheduled witnesses.

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.
• So accounting for the increases and decreases reflects tax increases, not changes caused by properties
• Things like increasing water cut, so per each barrel of oil produced, potentially have increases in water
• So as taxable value increases, the 60 mills it generates increases, the state decreases its share that

Summary: The committee met to receive updates from the Tax Commissioner’s office on property tax relief programs and related compliance work. Commissioner Brian Croshys reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting that the Homestead program expanded significantly after HB 1158, that some households are “adjusting out” of eligibility as incomes rise, and that the committee may want to consider indexing income thresholds. Members asked for additional data on bracket breakdowns, possible costs of eliminating income limits for seniors, and how many households are zeroed out by the combined programs. Croshys also discussed the simpler administration of the disabled veteran credit, the growth in participation, and the heavy workload and auditing safeguards built into the new primary residence credit system. He said the department found no material compliance findings and that the program is designed to be digital-first, with county auditors and the Tax Commissioner’s office both involved in review and notification. The committee recessed for lunch and later reconvened, with the chair noting that more detailed PRC information would likely be available at a September meeting. Shelly Myers then presented the statewide property tax increase, or “zero growth,” report and the 2025 statistical report. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and which jurisdictions showed the largest percentage changes in countywide, citywide, school district, and park district levies. In the statistical report, she summarized recent trends in assessed values: agricultural values remained relatively flat, while residential, commercial, and centrally assessed property values increased over the past five years. She also reviewed statewide tax levies by property class and clarified that centrally assessed growth figures were annual averages. Members discussed how shifts in land use and annexation can make it appear that tax burdens are moving from ag to residential/commercial property. Myers then summarized the interim study on the 3% levy limitation under HB 1176, saying most counties complied without budget changes, while some used hiring freezes, deferred purchases, or reserve funds; 23% of counties had to reduce levies, and the affected funds were mainly general, road and bridge, and weed control. She said 12 counties reported zero new growth in the data and that 35 counties reported not using all of their cap. The committee also received an oil tax presentation from Croshys on the stripper well extraction tax exemption. He outlined the number of active stripper wells, the production and revenue implications of the exemption, and projections for future biennia under different tax scenarios. He said the exemption represents substantial savings to operators but also corresponds to production tax revenue that would otherwise be collected, and he emphasized that future outcomes depend on oil prices, well counts, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly answered a question about why Red River wells have a different production threshold than Bakken wells, explaining it was tied to completion costs and lateral length. The committee then heard from Charlie Gorecki of the EERC, who presented an analysis of typical Bakken well decline curves and argued that most oil is produced before a well reaches stripper status, but that keeping wells open and investing in refracturing or other interventions can recover additional production. No votes were taken during this portion of the meeting; the main actions were receiving reports, asking for follow-up data, and scheduling further discussion for a later meeting.

Transcript Highlights:

• typical land valuation. typical land valuation.
• . valuation. valuation.
• part of the valuation of the property. part of the valuation of the property. >> Right.
• >> You've increased >> You've increased >> just<01:04:15.160> the<01:04
• increased significantly. increased significantly.

Keywords: 1189, house, all

Summary: The meeting opened with a quorum present and approval of the April 17 minutes. The commission then heard a presentation from attorney Jacob Rhodes of Cleveland, Waters and Bass on the history and legal basis of New Hampshire’s timber tax, explaining that timber was historically treated as part of real property, that a 1913 case confirmed that view, and that a 1949 constitutional amendment created a separate timber yield tax to discourage clear-cutting and support forest conservation. He described the tax as a tax on the yield when timber is severed, not an income tax, and noted that towns are reimbursed through a system based on Department of Revenue Administration market data and local reports of cut. Members and guests asked how “yield” is defined, how the timber tax interacts with current use, and whether carbon sequestration could be treated similarly. Testimony explained that current use generally is not affected by harvesting timber, that towns can tax standing timber under RSA 79:5 but rarely do because it is labor-intensive, and that carbon credits might be valued using a similar market-data approach. Several speakers discussed a prior bill drafted with DRA input that would have treated carbon more like timber, but noted it never fully advanced in the General Court and that the version ultimately discussed by the House differed from the earlier DRA-comfortable draft. The discussion also covered whether carbon sequestration agreements are effectively long-term leases or transfers of timber rights, with Rhodes suggesting that 99-year arrangements could be taxable transfers of real property under DRA rules, though he had not reviewed specific agreements. DRA staff said they do not currently have a timber-like survey mechanism for carbon and would likely need access to proprietary market data or a subscription service to build one. No formal vote was taken beyond approving the minutes; the commission appeared to agree to revisit the carbon/timber valuation issue and the draft bill at a future meeting.

Transcript Highlights:

• be an increase on property taxes?
• Chairman. it may increase the total amount of real it may increase the total amount of real estate<00
• So in the case of Charles valuation.
• Year, the amount of money that is increased as revenue, but you are not increasing the money that is
• > for<01:04:11.760> most um um increase state aid for most um um increase state aid for

Keywords: 1189, house, all

Transcript Highlights:

• , which is the only land use valuation that is increasing.
• Yes, approximately 22,000 Texans... ...priced out of a housing market anytime the house value increases
• We want to increase...
• The Texas Disabled Veteran Property Tax Benefit is long overdue for an increase.
• We support this bill as it would... potentially increase the aid provided to the county and to other

Bills: HB485, HB1367, HB1370, HB1827, HB1879, HB2032, HB2133, HB2357, HB3581, HB3830, HB4060, HB4085, HB4270, HB4979, HB5217, HB5268, HB5478, HJR96, HJR97, HJR119, HJR195, HJR209, SB4, SB23, SJR2, SJR85, SB 4, SB 23, SJR 2

Keywords: healthcare, insurance, access, affordability, public health, emergency services district, sales tax, gas and electricity, residential use, tax exemption, emergency services, gas, electricity, HB 485, ESD, use tax, residential utilities, utility tax, local option tax, Texas Health and Safety Code