Video & Transcript Research : 'internal revenue code'

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MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 2/13/25

Human Services Finance and Policy

Transcript Highlights:
  • our internal our internal controls<00:02:26.319> as<00:02:26.440> much<00:02:26.640
  • disaggregate into the six billing codes disaggregate into the six billing codes um<00:52:25.559>
  • 26.599> then<00:52:26.760> be um the billing codes would then be um the billing codes would
  • <01:11:03.840> so being able to collect that Revenue so being able to collect that Revenue
  • they still maintain the level of Revenue they still maintain the level of Revenue that<01:45:27.159
Keywords: 1183, house
TX

Texas 89th 2nd C.S.

Appropriations - S/C on Article III Feb 27th, 2025

Appropriations - S/C on Article III

Transcript Highlights:
  • Um, you said that you're having a 13.9% cut to your general revenue with HB1.
  • Fee revenue.
  • I invite you to use the QR code on slide 3 to explore our strategic plan.
  • TTI's total revenue for fiscal year 2024 was $96 million.
  • Next slide hits our 2025 revenue sources.
NH
Transcript Highlights:
  • <00:44:53.280> Um international implications. Um international implications.
  • From a revenue DAO LLC's.
  • One of the things that we international.
  • <01:04:29.119> much allows us to be international much allows us to be international much
  • bubble and that made like international bubble and that made like international news.<01:23:51.040
Keywords: 1189, house, all
Summary: The Stable Token Study Commission held its first regular meeting, welcomed all remaining appointed members, and completed brief introductions from legislators and agency designees. The chair outlined the commission’s plan to use the first part of the enabling legislation as a “level-setting” discussion, focusing this meeting on the basics of blockchain, the current landscape for stablecoins and tokenized real-world assets, and leaving blockchain-based trust for a later meeting. No votes were taken. The main presentation came from Deanna Bario Zales of the Global Blockchain Business Council, who described stablecoins as increasingly converging toward fiat-backed or asset-backed models, with algorithmic designs viewed more cautiously. She said stablecoins are being used for payments, remittances, DeFi activity, cross-border transfers, retail use in high-inflation markets, and treasury functions, while noting risks such as peg instability, reserve transparency, counterparty and network risk, and possible capital flight from weaker banking systems. She cited growth in supply, wallet activity, and transfer volume, and said U.S.-pegged stablecoins dominate the market, with USDT and USDC leading. Zales also discussed tokenized real-world assets, describing them as digital representations of physical assets that can enable fractional ownership, liquidity, and faster settlement. She said the market is growing quickly, with institutional participation from firms such as BlackRock and Franklin Templeton, and projected continued expansion. She closed with an overview of regulatory developments, emphasizing the new U.S. stablecoin framework under the Genius Act, the proposed Clarity Act, OCC guidance, and similar regimes in the EU, UK, UAE, Singapore, Japan, and elsewhere, all of which she said are shaping compliance requirements and market development.
OK

Oklahoma 2026 Regular Session

Oversight Committee for the Legislative Office of Fiscal Transparency -LOFT- Feb 26th, 2026 at 02:00 pm

Oversight Committee for the Legislative Office of Fiscal Transparency (LOFT)

Transcript Highlights:
  • Agencies can also fund a building from its own revenues or reserves.
  • This authority is reaffirmed throughout Oklahoma's statutory code.
  • the common area load is, as built, includes elevators, docks, mechanical corridors that are not internal
  • Because of incorrectly coded expenses, WAFT is only able to estimate that the total rent paid by the
  • I mean We know we can make improvements, and we will take these comments to heart and examine internally
Keywords: 914, all
FL
Transcript Highlights:
  • NEXT WE WILL GO ON TO ALBERTO FOR FLORIDA INTERNATIONAL UNIVERSITY. ALBERTO, ARE YOU THERE?
  • NEXT WE WILL HEAR FROM JESUS FOR FLORIDA INTERNATIONAL UNIVERSITY.
  • MODEL EXISTS CURRENTLY AT FLORIDA INTERNATIONAL UNIVERSITY.
  • LET'S TAKE A AMENDMENT BAR CODE 70800 BY SENATOR CALATAYUD, YOU ARE RECOGNIZED. >> Sen.
  • THIS ADDED 11.5 MILLION IN LOST REVENUE OVER THE ENTIRE SYSTEM.
Keywords: 999, senate, all
LA

Louisiana 2026 Regular Session

Commerce May 18th, 2026

Commerce, Consumer Protection, and International Affairs

Transcript Highlights:
  • “The other thing the International Code Council has just done in relation to the energy code, because
  • “The board of directors for the International Code Council has just created two energy codes now that
  • There’s also one other committee that’s been put together at the International Code Council that’s currently
  • working, looking at the entire International Residential Code to see if they could basically create
  • the provisions of the amended International Plumbing Code adopted as part of the Louisiana State Uniform
Summary: The House Committee on Commerce met on May 18, 2026, with a quorum present and the chair noting it was the committee’s last meeting of the session. The committee first considered Senate Bill 254, which would prohibit certain excess debit card surcharges and authorize enforcement by the Attorney General. After adopting technical amendments and a committee amendment requiring written notice before a private right of action, the bill was reported favorably as amended. The committee then took up Senate Bill 80 on broadband administration fees and GUMBO program closeout. Members questioned the proposed increase in administrative and contractor fees, the timing of project completion, and how withheld reimbursements would work for utility damage. After adopting several amendments, including cleanup language and a provision to restore the reimbursement process, the bill was reported favorably as amended, though the Louisiana Telecommunications Association voiced concerns about the withholding language and lack of a clearer fault-determination process. The committee next considered Senate Bill 469, updating the Louisiana Underground Utilities and Facilities Damage Prevention Law. Technical amendments were adopted, along with amendments clarifying that the bill’s 30-day notice to utility owner-operators is separate from existing GUMBO notice requirements and creating a rapid dispute-resolution process involving the Office of Broadband, the utility operator, and the local governing authority. Testimony from broadband and municipal stakeholders emphasized the need for quicker responses to excavation damage and better enforcement, while some witnesses raised concerns about the late amendment and the need for clearer recourse and standards. The bill was reported favorably as amended. Senate Bill 468, dealing with fuel rewards programs and fuel discount limits, was also amended to allow such discounts while capping them at $1 below the advertised price; it was reported favorably as amended. Senate Bill 131, concerning attorney’s fees and costs in professional licensing disciplinary proceedings, drew testimony from a cosmetology board representative and the Pelican Institute. Supporters argued the bill would curb incentives for boards to generate revenue through enforcement and give licensees a fairer opportunity to resolve cases; board testimony noted that some boards already have fee caps and that enforcement actions are relatively limited. After adopting an amendment clarifying when a licensee is the prevailing party, the bill was reported favorably as amended. Senate Bill 251 on critical infrastructure protection also received technical amendments and several substantive changes, including adding ports and airports to the definition of critical infrastructure, clarifying “significant access,” adding a knowledge requirement, and adjusting exemptions and enforcement timing; it was reported favorably as amended after testimony from State Armor representatives about foreign adversary threats. Finally, House Resolution 253 was introduced to create a task force to study how post-2005 building code additions and inspection requirements affect residential construction costs, with the sponsor explaining the goal was to gather industry input and return recommendations next session.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 2/12/25

Taxes

Transcript Highlights:
  • Yes, good morning. thank you water Watertown zip code thank you water Watertown zip code 55388<00:10:
  • <00:20:55.159> Revenue<00:20:55.559> code parenthesis of the Internal Revenue code
  • parenthesis of the Internal Revenue code period<00:20:57.360> okay<00:20:57.679> let's<
  • Revenue Revenue 21,700<00:46:20.359> people<00:46:20.559> will<00:46:20.720> be
  • <00:53:49.079> so very basic idea uh in our tax code so very basic idea uh in our tax code
Keywords: 1183, house
TX

Texas 89th Regular

S/C on Workforce Apr 29th, 2025

S/C on Workforce

Transcript Highlights:
  • As a result of the 2005 Workers' Compensation Reform, Chapter 504.053 of the Texas Labor Code created
  • This bill makes a few changes to the labor code to speed up first responders' recovery.
  • That's how they keep more revenue.
  • That's just money straight to their general revenue fund, padding their coffers.
  • They were wrestling with, I think it was the Code Construction Act. That's my nerdy stuff.
CA
Transcript Highlights:
  • I really appreciate the opportunity to dialogue on trade issues, on international investment.
  • International visitors are absolutely critical to the state's overall vitality.
  • We're actually the number one destination when you combine domestic and international.
  • Fourth, tariffs are cited as a way to earn tax revenues for the U.S.
  • We get match internally from host institutions. We get match from the federal government.
Summary: The Assembly Select Committee on Asia, California, Trade and Investment held its first informational hearing to examine California’s economic ties with Asia, the effects of federal tariffs, and ways the state can strengthen trade, investment, tourism, and subnational diplomacy. Chair Jessica Caloza opened by emphasizing California’s role as the world’s fourth-largest economy and a major exporter to Asia, and several members and guests highlighted the importance of AAPI communities, sister-city relationships, and coordinated state outreach. Lieutenant Governor Eleni Kounalakis described California’s trade missions, APEC hosting, and ongoing climate and trade partnerships, while Japan’s deputy consul general underscored Japan’s role as a major investor and trading partner and encouraged continued engagement. The first panel, featuring leaders from the Los Angeles County Economic Development Corporation/World Trade Center Los Angeles, the San Francisco Chamber of Commerce, and Visit California, focused on trade, tourism, and investment trends. Witnesses said tariffs and federal uncertainty are disrupting logistics, manufacturing, business travel, higher education, and tourism, with particular concern about port activity, international student declines, and reduced visitation from Asia. They urged California to remain “open for business,” invest in promotion and infrastructure, and use trade missions, MOUs, and sister-city ties to maintain relationships and attract investment. The second panel, with economist Kyle Handley and trade expert Glenn Fukushima, focused on the mechanics and consequences of tariffs. Both said tariffs function as taxes on importers and consumers, raise costs for businesses, and create uncertainty that delays investment, hiring, and supply-chain decisions. They warned that California is especially exposed because of its ports, cross-border trade, and reliance on global supply chains, and said new federal vessel fees and shifting trade routes could divert commerce away from California. They argued that the long-term damage includes lost growth and reduced U.S. credibility, and recommended that California “tariff-proof” its economy through faster ports, better infrastructure, export assistance, and reduced permitting barriers. In the final panel, representatives from the San Diego Regional Chamber of Commerce, Asian Business Association California, and the Small Business Development Center emphasized future opportunities and the needs of small businesses. They said California should deepen ties with Asia through conventions, tourism, and sector-specific partnerships in life sciences, clean tech, semiconductors, hospitality, and small business trade. The witnesses stressed that small and minority-owned businesses need more access to trade missions, capital, technical assistance, and state support, and that California’s economic strength depends on coordinated efforts across regions and industries.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Jul 18th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • Established in 1947, we are a 401(a) qualified government plan under the Internal Revenue Code, and we're
  • We have a number of rules under the administrative code and internally a number of policies that are
  • That's a component of this that would actually go into the revenue.
  • We look at the increases as far as to increase our revenue.
  • The pension tax revenue that we're going to receive.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Thursday, March 27, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • <02:37:46.080> This knowledge of the tax code. This knowledge of the tax code.
  • , of the rules submitted by the Internal Revenue Service relating to gross proceeds reporting by brokers
  • , of the rules submitted by the Code, of the rules submitted by the Internal<02:42:42.319> Revenue
  • <02:42:42.720> Service<02:42:43.120> relating<02:42:43.439> to Internal Revenue
  • Service relating to Internal Revenue Service relating to gross<02:42:43.920> proceeds<02:42:44.479
CA
Transcript Highlights:
  • We did do an initial sort of internal consideration of this.
  • So, could we cover some mobile crisis units with 988 charge revenue?
  • fluctuations in tax revenues generated by BHSA.
  • in revenue that could be expected from an economic downturn.
  • It doesn't necessarily account for large dips in revenue, for example.
Summary: The subcommittee heard presentations from the Department of State Hospitals (DSH), the Commission for Behavioral Health, and the Department of Health Care Services (DHCS) on budget proposals and implementation updates. DSH outlined its proposed 2026-27 budget, including funding for patient operating expenses, IST solutions savings, conditional release program costs, LPS bed allocation changes, electrical infrastructure projects at Napa and Patton, SB 380 transitional housing feasibility work, and expanded dental services at Metropolitan and Patton. DSH also reported that it has met court-ordered IST treatment benchmarks in the Stiavedi v. Clinton case, with average time to initiate treatment down to about five days and pending placements reduced to roughly 250, while noting that Proposition 36 could increase referrals and SB 1323 may divert some individuals earlier into community-based treatment. Members asked about rising outside hospitalization costs, Medicare enrollment, the timing and structure of capital projects, and whether IST solution funds are being fully used; DSH said the savings reflect slower-than-expected ramp-up of community programs and that the Central California FACT replacement program is still on track for January 2027 activation. The Commission for Behavioral Health described its role under the Behavioral Health Services Act (BHSA), including data, evaluation, grantmaking, technical assistance, and transparency work. It highlighted the new statewide Innovation Partnership Fund, a five-year, $20 million-per-year program with small and large grant categories; the first RFA drew strong interest, with more than 400 questions and over 1,000 bidders’ conference participants. The Commission also discussed a proposed extension to spend down about $4.1 million remaining for the Alcove Youth Drop-in Center grants so sites can finish implementation and Stanford can complete the final evaluation. Members asked about grant duration, whether projects can be renewed, what qualifies as innovation, and whether the fund could support service delivery rather than awareness campaigns or training; the Commission said awards are expected to be three-year contracts and that proposals must be new or meaningfully expanded approaches that support BHSA priority populations. DHCS reviewed major behavioral health changes under CalAIM and BH Connect, including peer support, mobile crisis, contingency management, traditional health care practices for tribal members, updated specialty mental health access criteria, and new substance use treatment standards based on ASAM’s fourth edition. DHCS reported strong contingency management results, with more than 13,000 members served and 95% testing negative for stimulant use during treatment, and said 21 Indian health care providers have been approved to offer traditional health care practices. It also described BH Connect initiatives such as the $1.9 billion access reform and outcomes incentive program, workforce investments, evidence-based practice expansion, IMD participation by four counties, and transitional rent services. On BHSA implementation, DHCS said it is not tracking individual county contract cuts but is monitoring county plans and statewide outcomes, while stakeholders raised concerns about local prevention and service gaps. DHCS also outlined its H.R. 1 implementation strategy, including outreach, streamlined renewals, exemptions for disabled, substance use, and medically frail individuals, and proposed clinic navigator and outreach funding; it said it has not yet produced a focused estimate of H.R. 1 impacts on behavioral health populations. The discussion ended with DHCS noting that B-CHIP bond funding has supported 437 infrastructure projects, creating 546 new or expanded facilities and more than 9,500 residential beds across the state.
MN

Minnesota 2025 1st Special Session

House Republican Press Conference 2/26/25

Transcript Highlights:
  • During that time, I got to build a relationship with kids and kind of get to understand how the internal
  • 03:19.720> the kind of get to understand the how the kind of get to understand the how the internal
  • :20.879> a<00:03:21.000> school<00:03:21.280> goes<00:03:21.560> but internal
  • workings of a school goes but internal workings of a school goes but most<00:03:22.040> importantly
  • sources to try to get this done Revenue sources to try to get this done um<00:12:33.639> long-term
Keywords: 1183, house
TX
Transcript Highlights:
  • And so my office stays very busy, welcoming international delegates and international delegations interested
  • It has to be coded manually.
  • There is an international protocol.
  • Revenue Bonds.
  • Item B is the removal of revenue bonds and general revenue for capital complex phases one and two.
Bills: SB 1
Summary: The committee first heard the Legislative Budget Board and Secretary of State Jane Nelson on the Secretary of State budget. LBB said the recommendation would reduce the agency’s appropriation by about $40.3 million overall, with major changes including removing federal HAVA funding and one-time business system replacement money, adjusting the agency’s base request, deleting an outdated Interstate Crosscheck rider, and directing HAVA funds to be drawn down first. Secretary Nelson and staff defended the agency’s needs, emphasizing election security, business filings, international protocol, and the Texas Register, and requested additional staff, a new website, digitization of records, IT and cybersecurity upgrades, and renovation of the Rudder Building. Senators discussed voter-roll maintenance, cross-checking data, call-center response times, and the need for online voter registration and more efficient election administration. No votes were taken. The committee then took up the Office of the Governor and trustee programs. LBB outlined a $2.4 million decrease for the office proper and a much larger decrease in trustee programs, driven by unexpended balances and the removal of one-time federal and border-security items, while noting continued funding for disaster response, victim assistance, and $2.9 billion for border security at roughly the prior level. Governor’s staff said Texas remains focused on border security, economic development, and public safety, and discussed efforts to seek federal reimbursement for prior border spending. Members asked about the National Guard’s status, possible federal assumption of border costs, the music incubator program, the Semiconductor Innovation Consortium, the Governor’s University Research Initiative, defense economic adjustment grants, and a new $5 million nonprofit security grant proposal. Staff said the semiconductor program has 12 approved projects totaling about 948 jobs and $17 billion in capital investment, and that the nonprofit security request was added late to address threats to houses of worship and other nonprofits. No formal action was taken. Finally, the committee heard the Texas Facilities Commission and lease-payment recommendations. LBB said the Facilities Commission recommendation would reduce appropriations by about $2.0 billion, mainly by removing border wall construction funding and capital complex bond funding, while adding money for higher utility costs, Rudder Building refurbishment, and additional staff. The lease-payment recommendation would decrease general revenue by $9.3 million. LBB also noted new riders related to completing the State Library and Archives building, tenant communication during disruptions, and a space-utilization report. In agency testimony, members asked about border wall maintenance responsibility, total facilities-related debt, and the status of capital complex construction. The Rudder Building renovation and related security needs were repeatedly discussed as important one-time infrastructure investments.
WY

Wyoming 2026 Regular Session

House Floor Session-Day 12, February 23, 2026-PM

Wyoming House Floor Meeting

Transcript Highlights:
  • Um how does federal or international Um how does federal or international rule<00:34:01.040>
  • people with expertise in international people with expertise in international law<00:43:06.680><
  • right place for issues of international right place for issues of international law<00:43:37.680
  • international tyranny and extortion. international tyranny and extortion.
  • United States bankruptcy code. Um and United States bankruptcy code.
Keywords: 916, all
AL

Alabama 2026 Regular Session

Alabama House Constitution, Campaigns and Elections Jan 21st, 2026

Constitution, Campaigns and Elections

Transcript Highlights:
  • How much of a loss in revenue is that going to be to the Secretary of State's office?
  • address, you can give out just the zip code if someone wants to pull the voter list for that reason
  • if if someone wants to pull the code if if someone wants to pull the voter<00:17:29.679> list
  • It's by code. We codified that sometime back. >> I could—I just remember that. Okay.
  • >> Well, it's current code.
Bills: HB67, HB89, HB67, HB89
MN

Minnesota 2025 1st Special Session

Committee on Taxes - 01/28/25

Taxes

Transcript Highlights:
  • Revenue uh welcome to the committee Revenue uh welcome to the committee um<00:00:51.640> uh<00
  • Revenue Code.
  • Revenue Code.
  • Revenue Code.
  • to administer the tax code.
Keywords: 1187, senate, all
Summary: The committee met to hear a presentation from the Commissioner of Revenue on Governor Walz and Lieutenant Governor Flanagan’s tax proposal, with members told no public testimony would be taken because bill language was not yet available. The commissioner said the proposal would lower the statewide sales tax rate by 0.75 percentage points while expanding sales tax to selected professional services such as legal, brokerage, banking, and accounting, with several carve-outs. He emphasized that the plan would not add business-to-business sales taxes, arguing that taxing business inputs leads to tax pyramiding and higher hidden consumer costs. The commissioner said the rate cut would be the first sales tax rate cut in state history and estimated it at about $95 million annually, while the service expansions would raise about $203 million to $205 million annually, for a net increase of roughly $110 million per year. He said the proposal is part of the governor’s broader budget, which he described as addressing long-term structural deficits and funding other priorities such as an R&D credit, an expanded sustainable aviation fuel credit, fraud prevention, and service-member retention bonuses. He also said the carve-outs and exemptions would be reflected in the revenue estimate. Members questioned whether the proposal was truly a tax cut or instead a tax increase, and several asked for a revenue-neutral rate if all or more services were taxed. One member raised concerns about how pro bono legal work with a fee would be treated, and another asked about possible streamlining issues and whether fees are treated as taxes in statute. The commissioner said a fee would be taxable depending on the arrangement and that the department would review the language carefully once drafted. He also said the department would provide more detailed estimates later, including what the rate would be if the tax were made revenue neutral. No votes or formal actions were taken.
HI

Hawaii 2025 Regular Session

House Chamber - Adjournment Sine Die Fri May 2, 2025, 12:00PM HST - Day 60

Hawaii House Floor Meeting

Transcript Highlights:
  • Uh if today, this year was the first time I ever had an intern.
  • This year was the first time I ever had an intern, so my intern Courtney, please rise.
  • And my intern Kale, welcome to your House of Representatives. Representative Wamoto.
  • <00:36:59.119> And um the traffic um enforcement code.
  • And um the traffic um enforcement code.
Keywords: 910, house, all
CA
Transcript Highlights:
  • It continues to face operational shortfalls as expenditures outpace revenues, with total revenue in 2025
  • You could look at the revenue side of the ledger. Raising new revenues will be difficult.
  • or revenue sources that are not ongoing.
  • If we value it, then we have a responsibility to find the revenue for it, and revenue that is not patched
  • Which is kind of inherent in those revenues.
Keywords: 988, house, all
ND

North Dakota 2026 1st Special Session

Higher Education Institutions Committee Apr 9th, 2026 at 08:30 am

Higher Education Institutions Committee

Transcript Highlights:
  • The U.S., so we get about 5% of our students are completely international, neither U.S. or Canada.
  • from the revenue from the Residence Life projects.
  • And sometimes you go and think, I just got to change this little bit of code.
  • No, it's the waterfall effect that you run into with customization code.
  • I would encourage us to review the funding revenue from all three legs of the stool.
Keywords: 908, all