Video & Transcript : 'tax' :
Page 148 of 500
ID
Transcript Highlights:
- So Friday, you saw a bill come out of the House, a tax conformity bill.
- implications affect 2025 tax filing that show up in fiscal year 2026 there.
- There's still more uncertainty when you're talking about the tax conformity bill.
- Currently, our sales tax collects about $3.3 billion annually.
- But as you see in 2008, almost 86% of those sales tax would go to the general fund.
Committee:
Senate Education
HI
Hawaii 2025 Regular Session
HOU-LBT, HOU DEFER, HOU Public Hearings 02-06-2025
Transcript Highlights:
- The tax credit applies to taxable years beginning after 12/31/2024.
- The tax credit applies to taxable years beginning after 12/31/2024.
- </c><00:08:43.080><c> credit</c> of one year or longer the tax credit of one year or longer the tax credit
- Tax Foundation of Hawaii in opposition. Yes, good afternoon, Chair and members of the committee.
- This is Jade McMillan on behalf of the Tax Foundation of Hawaii.
Summary:
The Committee on Housing met on February 6, 2025, first in a joint session with the Committee on Labor and Technology. The joint committees heard SB 1235, which would create a Hawaii Housing Finance and Development Corporation program for government employee housing, including a revolving fund and a leasehold rent-to-own program. Testimony was generally supportive from HHFDC, the Department of Budget and Finance, and UPW, with one testifier opposing the bill because it was limited to state workers and should be broader. The committees recommended passage with amendments, including technical changes, $450,000 for two positions, removal of an income restriction, and clarification that leasehold and day-one projects are eligible; both committees adopted the recommendation unanimously, and the joint meeting adjourned.
The Housing Committee then took up SB 67, SB 1133, and SB 1333. SB 67 would bar inclusionary zoning requirements on certain housing offered for sale or rent to qualifying residents, and it received support from HHFDC, the Grassroot Institute of Hawaii, and others; the committee recommended passage with technical amendments and adopted it. SB 1133 would allow counties to set rent increase limits tied to CPI and create a long-term residential lease tax credit; testimony included support from the Department of Taxation and opposition from Hawaii Realtors, NAIOP Hawaii, and the Tax Foundation, which warned about rent-control consequences. The committee recommended passage with amendments that made the credit nonrefundable, allowed limited carry-forward, restricted claims in certain family-lease situations, set filing deadlines, and applied the measure to disaster-affected counties; the recommendation was adopted.
SB 1333 would allow certain counties to use surcharge revenues for transportation and housing infrastructure and extend the surcharge period. DBEDT, OPSD, HCDA, county officials, and the Grassroot Institute supported the bill, while the Tax Foundation opposed it, arguing temporary taxes were becoming permanent. The committee recommended passage with technical amendments, and members noted concerns that prior surcharge revenues had not produced enough housing projects, which were to be reflected in the committee report. Finally, the committee deferred SB 834 indefinitely because it had already been deferred indefinitely by the Hawaiian Affairs Committee, and the Housing Committee adjourned after completing its agenda.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 4 on State Administration and General Government Apr 16th, 2026
Transcript Highlights:
- It's one of the things that the CalCompetes tax credit is for.
- And I know that for the items... ...film and television tax credit program.
- Thank you for the update, and we worked really hard on the film tax credit.
- That battle on the underlying tax credit is done.
- So the tax credit The tax credit by its very nature is delayed gratification, if you will, delayed monetization
Summary:
The subcommittee heard an overview from Go-Biz Director D.D. Myers on the administration’s economic development strategy, centered on the California Jobs First framework. Myers described regional planning across 13 regions, the Jobs First Council, and pilot sectors including ag-tech, space and defense, life sciences, and semiconductors. She also outlined budget requests for CalCompetes, CalExport, the California Film Commission, innovation/emerging technologies, and the California Civic Media Fund, along with the new California brand campaign. Committee members raised questions about misinformation about California, regulatory burdens, tourism versus broader economic messaging, and how the brand campaign would highlight underrepresented communities. No vote was taken; the item was informational.
The committee then reviewed CalOSBA’s work on small business support, including California RISE, the Performing Arts Equitable Payroll Fund, and TAP/SIP technical assistance and capital infusion programs. CalOSBA reported that California RISE’s first cohort awarded $16.9 million to 61 employment social enterprises, with growth in revenue, contracts, and jobs; the performing arts payroll fund paid all 100 recipients but was heavily oversubscribed; and TAP supported more than 112,000 businesses in the past year, helping leverage federal and local funds. Testimony from program partners emphasized the importance of small business counseling, community-based outreach, and support for arts organizations facing post-pandemic and AB 5-related cost pressures. Senators pressed for more data on long-term job retention, better outreach to smaller and ethnic media, and possible program changes to speed grants and stretch funding further.
Finally, the committee heard Go-Biz’s request for additional staff and funding for the California Film and Television Tax Credit Program. Staff said the request would support application review, DEIA implementation, and data tracking. The Film Commission reported that about 147 productions had been approved and roughly 90% were opting into the new diversity provisions, with career pathways reporting to include demographic and participation data and a future report expected in 2027. Senators asked about accountability, apprenticeship and internship hours, and whether the program was producing real career pathways and inclusive hiring outcomes. The item remained informational, with no vote or action taken during the hearing.
NH
Transcript Highlights:
- Oh, yeah, tax question. All right, good morning.
- , deal with the appropriate health issues that we use that tax for.
- We left the auditing tax audit provisions in DRA, so they're the taxing authority for our state.
- Are absconding from paying the tax and were avoiding paying the tax, and yet their products were showing
- We left the auditing tax audit provisions in DRA, so they're the taxing authority for our state.
Committee:
Senate Commerce
FL
Transcript Highlights:
- It's the vaccine manufacturers that pay for that program, those payments through a per-dose excise tax
- In Loudoun County, Virginia, more than half of the local tax revenue comes from data centers.
- In Grant County, Washington, property tax revenues have climbed 1,277% to $54 million.
- How is he to be assessed, tax-wise?
- Data centers can generate $26 in tax revenue for every dollar of public services they require.
Committee:
Senate Regulated Industries
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Committee Jun 24th, 2026
Budget and Fiscal Review
Transcript Highlights:
- I should observe that it would be politically difficult to lower taxes on the wealthy and increase them
- We can't change the tax base, but we can change how we use it to make it equivalent to that.
- , when capital gains tax revenues exceed 8% of General Fund revenues.
- So it's comparing tax revenues and spending categories.
- levels of income tax or differing levels of sales tax, Or differing levels of income tax or differing
Committee:
Senate Budget and Fiscal Review
ID
Transcript Highlights:
- This makes it more efficient for both the taxpayer and the Tax Commission.
- This isn't changing tax rates or tax amount owed.
- It's maybe the most complicated bill I've drafted in the tax arena.
- And this allows the Tax Commission to deal with the tax with the partnership and avoids the duty of every
- for our side, the Tax Commission, and also the partners.
Committee:
Senate Local Government and Taxation
MO
Missouri 2026 Regular Session
Conservation and Natural Resources Feb 23rd, 2026 at 01:00 pm
Conservation and Natural Resources
Transcript Highlights:
- That all goes into that tax is all paid.
- But we never want to collect more taxes than we need.
- We never want to collect more taxes than we need, right?
- So who's paying the tax for the Conservation Department right now?
- One-eighth-cent sales tax. One-eighth-cent sales tax? Is there other ways as well?
Committee:
House Conservation and Natural Resources
ND
North Dakota 2025-2026 Regular Session
House Appropriations - Government Operations Division Apr 16th, 2025 at 03:00 pm
Appropriations - Government Operations Division
Transcript Highlights:
- The amendment is going to be an increase of $0.5.10 on the gas tax.
- So currently, the gas tax and registration comes up to $518 million.
- Of course, at that time, we all assumed excise tax, or, I mean, gas tax was going to increase at a fair
- What would that come to in gas tax and said, fine.
- Was that in the gas tax bill? Yeah, you're right. That was in the 3-cent gas tax bill.
Summary:
The House Appropriations Government Operations section reconvened and first took up an amendment for the Industrial Commission related to a proposed west-to-east natural gas pipeline. Members discussed increasing the state’s capacity commitment from $60 million to $120 million so the project could move forward and support a future FERC permit, with supporters citing growing demand from data centers, agricultural users, and oilfield gas capture needs. The committee also discussed a separate motion to exempt the mill and elevator from the vacant FTE pool; that motion failed on a roll call vote. The committee then reviewed other Industrial Commission items, including housing authority funding, the abandoned well fund, Bank of North Dakota-related changes, and a decision not to add more to litigation funding.
The discussion then shifted to the Department of Transportation budget and a major transportation funding framework. Speaker Weiss explained a proposal to consolidate and rework transportation funding into fewer buckets, including moving Prairie Dog-style funding into the flexible transportation fund, adding $370 million to that fund, and providing $171.3 million for federal match needs. The plan also included $50 million for statewide discretionary projects, $50 million for bridges, and grant flexibility for cities, counties, and townships, with some debate over eligibility thresholds and how much discretion DOT should have in awarding grants. Members also discussed whether small communities could realistically apply for grants and how the new structure would coordinate statewide transportation investments.
Additional DOT topics included a proposed gas tax increase, changes to distribution percentages among DOT, cities/counties, townships, and transit, and the treatment of electric vehicle registration fees. The committee noted that transit funding would rise under the formula and that EV registration fees would continue to flow into the highway distribution fund. No final action was taken on the broader DOT package during this portion of the meeting, but members agreed to continue work on the amendment and revisit the issue the next day, with a suggestion to brief the caucus before floor action.
KY
Kentucky 2025 Regular Session
Interim Joint Committee on Local Government (6-24-25)
Transcript Highlights:
- , and then privilege taxes, otherwise referred to as occupational taxes.
- </c><01:04:54.079><c> otherwise</c> taxes and then privilege taxes otherwise taxes and then privilege
- </c><01:04:56.240><c> taxes.
- or net profits tax.
- We're talking about potentially the payroll tax or gross earnings tax.
Summary:
The committee first heard an update from representatives of the Kentucky County Clerk’s Association on the transition to electronic recording and land records modernization. They reviewed the 2021 task force work, the legislation and budget funding that followed, and the requirements for county clerks to provide online search portals and complete 30-year property record searches, with a 60-year standard expected next summer. Speakers said most counties are still working through scanning and verification, with only a small number fully complete, and emphasized that verification of records is the main bottleneck because it requires staff time and careful matching of indexes to deeds. They also noted limited vendor availability, differences among counties in what records are already digitized, and that the association and land title attorneys are now working more closely on future “continuous improvement” legislation.
The clerks also raised related issues, including concerns about deed fraud as more records become searchable online. They said some counties already offer notification services that alert property owners when a document is recorded, which can help owners respond quickly to suspicious filings. They also discussed the filing document storage fee and KDLA digitization grants, saying the funding structure has generally worked but that two grant cycles have been missed. Another topic was whether, once records are fully digitized and searchable, some permanent records should remain publicly accessible or be moved to a safer archive. In response to committee questions, the witnesses said the remaining delays are less about money than staffing shortages and the need for more manpower to complete verification, and they said they would follow up on the balance in the KDLA fund and other details.
The committee then received a presentation from an Area Development District representative, who described the districts as regional, nonpartisan service organizations that help cities and counties pool resources, provide technical assistance, and leverage public and private partnerships. He highlighted examples of regional cooperation, including veterans-directed care and other shared programs, and argued that the districts create efficiencies and economies of scale for local governments and the state. No votes or formal actions were taken during the portion of the meeting provided.
ND
North Dakota 2026 1st Special Session
Legislative Procedure and Arrangements Apr 22nd, 2026 at 01:00 pm
Legislative Procedure and Arrangements Committee
Transcript Highlights:
- Another example, since you all know my love for tax, is your previous tax attorney.
- You can see we have alcohol tax, coal tax, fuel tax, income tax.
- You can see we have alcohol tax, coal tax, fuel tax, income tax.
- If you're looking at fuel tax, fuel tax, income tax.
- For instance, fuel tax rate changes. Do you I don't know. For instance, fuel tax rate changes.
NM
New Mexico 2025 Regular Session
IC - Economic and Rural Development Dec 8th, 2025 at 09:32 am
Economic & Rural Development & Policy Committee
Transcript Highlights:
- Many families saw their taxes increase.
- Many families saw their taxes increase.
- In summary, short-term rentals already pay gross receipts tax, lodgers tax, and hospitality tax, similar
- pay gross receipts tax, lodgers tax, and hospitality tax, similar to hotels and motels, but short-term
- higher than that of hotels, property tax with property tax lightening, and also unfair caps that restrict
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-05-12 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- Senate Bill 2506E, a bill to be entitled an act relating to fuel taxes.
- But this is our one opportunity to talk about the tax package.
- But this is our one opportunity to talk about the tax package.
- the motor fuel tax here in the state of Florida.
- Our state gas sales tax is 25.3 cents per gallon.
TX
Transcript Highlights:
- In smaller counties, sheriffs may also act as a tax collector.
- use of revenue from that tax for to the committee on ways and means.
- HB 3601 by Lowe relating to the calculation of certain advalarium tax rates of a taxing unit in the manner
- in which a proposed advalarium tax rate that exceeds.
- Exemption from taxation by each taxing unit that taxes the property for a portion of the appraised value
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Committee Jan 21st, 2026
Transcript Highlights:
- I mean, I guess we lose the tax revenue. All those jobs lost created tax revenue.
- We're heavily tax-based.
- The millionaire's tax or billionaires tax, I know that.
- We're heavily tax-based.
- The millionaire's tax or billionaires tax, I know that.
Summary:
The Senate Budget and Fiscal Review Committee heard opening remarks on the Governor’s 2026-27 budget, which the chair described as roughly balanced in the budget year but still facing large out-year structural deficits. The vice chair criticized the revenue assumptions as overly optimistic and stressed the need to review recent program expansions and address the state’s $20 billion federal unemployment insurance debt. The Department of Finance said the budget is a “workload” plan with about $350 billion in total spending, $23 billion in reserves, a projected $2.9 billion budget-year deficit, and out-year gaps above $20 billion, while the LAO warned of downside revenue risk tied to stock market volatility and urged earlier action on the structural deficit rather than waiting for May.
Finance and the LAO discussed major budget components, including Proposition 98 funding, higher education base increases for UC and CSU, climate and wildfire spending, a new ZEV incentive, child care COLAs, and tax proposals involving marketplace facilitators, renewable aviation fuel, and an extension of the California Competes tax credit. Members raised concerns about proposed Medi-Cal and CalFresh changes tied to federal HR1 impacts, the MCO tax extension, hospital finances, county costs, and the decision not to backfill all federal funding losses. Finance said the administration is not in a position to replace all lost federal funds, but wants to work with the Legislature on priorities and timing before the May Revision.
Several senators used the hearing to preview subcommittee priorities and request more detail on spending growth, reserves, and program cuts. Topics included homelessness funding, Care Court throughput, wildfire and climate investments, AB 617, data centers, the judicial branch’s facilities backlog, displaced workers, transit funding, and preparations for the 2028 Olympics and Paralympics. No budget action or vote was taken at this hearing; the committee mainly received presentations and member questions, with public comment scheduled later.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on State & Local Government (2-26-25)
Transcript Highlights:
- I just say that was my concern with it, is the taxing portion of it.
- I just say that was my concern with it, is the taxing portion of it.
- </c> is um is you know they're a taxing is um is you know they're a taxing district<00:25:19.440><c>
- I just say that was my concern with it, is the taxing portion of it.
- </c> is as cator Maiden said a taxing is as cator Maiden said a taxing district<00:27:38.919><c> so</
Summary:
The Senate State and Local Government Committee met and first considered Senate Bill 4, sponsored by Sen. Bledsoe, which would create a risk-based AI governance framework for state government and address AI-generated misinformation in campaigns and elections. The sponsor said the bill came from the AI task force and is intended to promote transparency, accountability, and responsible use of AI while distinguishing between internal and external systems. The committee took a roll call vote and reported the bill out 7-0.
The committee then heard Senate Bill 58, sponsored by Sen. Webb, which would allow Kentucky Retirement System benefits to be designated to a Special Needs Trust for a beneficiary. Webb said the bill would help families of special-needs children preserve benefits for supplemental needs such as adaptive equipment, technology, and medical or dental care not covered by government programs. He said retirement systems had provided no-impact letters, and the bill passed 7-0.
Members also approved Senate Bill 117, which would let cities adjust incentive payments for training by appointed and elected city officials and remove the statutory minimum from ordinance requirements, and Senate Bill 121, which would authorize county judges to contract with rescue groups to deal with wild horse herds in rural areas. SB 117 passed 10-0 and SB 121 passed 10-0. The committee then took up Senate Bill 71, as amended by a committee substitute, dealing with local library board appointments. Sen. Boswell said the bill was a compromise but that he preferred removing KDLA from the process entirely; library representatives opposed the committee substitute and said they wanted KDLA out of the selection process. Several senators expressed conditional support but said they wanted further changes, and the committee adopted the substitute and reported the bill out after a roll call vote with 10 yeas and 1 pass, with members noting they expected further floor amendments.
VT
Transcript Highlights:
- </c><00:07:51.280><c> Reform</c> after the aftermath of the Tax Reform after the aftermath of the Tax
- </c><00:14:45.600><c> due</c> Therefore, there's no transfer tax due Therefore, there's no transfer tax
- Uh, this report and the bill mention in a number of cases tax potential tax implications.
- </c> tax implications. tax implications.
- </c> tax or revenue implication to the state. tax or revenue implication to the state.
NJ
New Jersey 2026-2027 Regular Session
Senate Budget and Appropriations Jun 24th, 2026
Senate Budget and Appropriations
Transcript Highlights:
- corporation business tax.
- It's Hillary... ...requirement of sales and use tax and corporation business tax. No amendments.
- The Next New Jersey AI Tax Credit Act authorizes the BPU to issue tax credits for energy storage projects
- , establishes temporary gross income tax credits for certain residential repairs, and reduces tax credits
- to ending this tax credit.
Committee:
Senate Senate Budget and Appropriations
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Oct 15th, 2025
Transcript Highlights:
- And that trend is really driven by the Severance Tax Permanent Fund.
- The Land Grant Permanent Fund outperforms the Severance Tax Permanent Fund.
- I also want to highlight the Tax Stabilization Reserve.
- The Tax Stabilization Reserve was set up to be the state's rainy day fund.
- Far eclipsing the amount that comes from oil and gas severance taxes and almost on par with sales taxes
CA
California 2025-2026 Regular Session
Senate Military and Veterans Affairs Committee Jun 22nd, 2026
Transcript Highlights:
- This bill provides a full property tax exemption for disabled veterans.
- This bill provides a full property tax exemption for veterans who are 100% disabled by the VA, or who
- There are 16 states that provide a full property tax exemption for all totally disabled veterans, and
- In 2025, Governor Newsom included a partial tax exemption in his budget.
- California is competing with other states for the veteran population through tax incentives.
Summary:
The Senate Committee on Military and Veterans Affairs met on June 22 with several members initially absent, so the committee began as a subcommittee and later established a quorum. The committee first heard AB 1775, which would provide California support for transgender service members and veterans affected by a federal executive order requiring their separation from service. The author and witnesses described the policy as discriminatory and destabilizing, and supporters from civil rights and LGBTQ+ organizations urged passage. No opposition testimony was offered, and the chair and members expressed support for helping affected veterans with discharge upgrades, housing assistance, and expedited professional licensing.
The committee then heard AB 2022, which expands the disabled veterans property tax exemption by creating a full exemption for certain totally disabled veterans meeting income limits and a 50% exemption for others, while preserving existing benefits. The author, a disabled Marine veteran, and multiple veterans’ organizations testified that the measure would help veterans remain in their homes and keep them in California; a Gold Star spouse also spoke in support. The bill was moved on a due pass motion to the Committee on Appropriations, with the roll held open until additional members arrived, and the consent calendar was later approved 4-0.
Next, the committee heard AB 2054, which updates the definition of covered active duty for paid family leave purposes so military families can qualify when service members are deployed, activated for emergencies such as wildfires, or sent to extended training. Supporters, including Department of Defense and veterans’ representatives, said the bill reflects modern military service and protects families during disruptions. The committee also heard AB 2531, which would expand an existing uncompensated care grant program so veterans denied abortion care through the federal VA system can access support, and would add abortion resource information to CalVet materials. Support came from Planned Parenthood, the California Medical Association, the Lieutenant Governor’s office, and others; one member of the public raised concerns about coercion but did not clearly oppose the bill. All three bills were advanced on due pass motions to Appropriations, and the meeting adjourned after the final votes.