Video & Transcript : 'foreign dividends' :

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NH

New Hampshire 2026 Regular Session

House Education Funding (02/18/2026)

Education Funding

Transcript Highlights:
  • in the sponsor's um words softens it or weakens it or makes it less um um uh stringent. on um on foreign
  • in the sponsor's um words softens it or weakens it or makes it less um um uh stringent. on um on foreign
  • students that come from on um on foreign students that come from China.<02:41:52.560><c> I</c><02:41
  • I mean, it seems to me that this bill, no matter how you cut it, is just a straight-on attack on foreign
  • </c> you know the income I get from dividends you know the income I get from dividends or<04:27:20.640
MN

Minnesota 2025-2026 Regular Session

Committee on Education Policy - 04/30/26

Education Policy

Transcript Highlights:
  • </c><00:08:50.160><c> to</c> spins off uh interest and dividends to spins off uh interest and dividends
  • </c><00:15:05.520><c> and</c> and where most of those dividends and and where most of those dividends
  • and interest<00:15:06.120><c> that</c><00:15:06.480><c> the</c><00:15:06.600><c> dividends</c><00:15
  • :07.120><c> or</c><00:15:07.200><c> the</c><00:15:07.600><c> the</c> interest that the dividends or the
  • the interest that the dividends or the the corpus corpus corpus is<00:15:09.240><c> coming</c><00:15
NH

New Hampshire 2025 Regular Session

House Finance Division I (01/22/2025)

Transcript Highlights:
  • The answer to that was probably the interest and dividends tax.
  • There were a large number of zero or low-dollar filers for interest and dividends.
  • We have just as many interest and dividends taxpayers, roughly, as we do business taxpayers.
  • So I think interest and dividends... for interest in dividends um we have for interest in dividends um
  • </c> just as many interest in dividends just as many interest in dividends taxpayers<01:39:11.960><c>
Summary: New Hampshire Housing Finance Authority officials, led by Executive Director Rob Dapice, briefed legislators on the agency’s structure and funding. They explained that the authority is created by state law but is not a state agency, its debt is not state debt, and it is governed by a board appointed by the governor and approved by the Executive Council. The discussion focused on the Affordable Housing Fund and the lead paint hazard remediation fund, including how state appropriations and federal resources are combined to finance affordable rental housing and lead abatement work. Dapice said the Affordable Housing Fund is used as gap financing for multifamily affordable housing projects, typically alongside federal tax credits and tax-exempt bonds, and that state dollars leverage roughly 2:1 to 10:1 in additional federal and private investment, averaging about 4:1. He said the fund has received historic appropriations in recent budgets, including $30 million over the last two biennial budgets and an annual $5 million set-aside from the real estate transfer tax. He also said the fund is usually structured as 0% interest, deferred loans rather than grants, with repayments returning to the fund if projects generate cash flow. Members asked about rents, oversight, staffing, revenues, and whether the programs had added positions. Dapice said affordability restrictions generally last 30 to 99 years, rents are tied to income limits and capped so tenants pay no more than 30% of income, and compliance staff inspect properties regularly to verify income eligibility and rent limits. He said the organization has about 130 to 135 employees, down from about 145, with no new positions added because of the appropriations. He estimated total revenues at roughly $300 million, with administrative budget around $22 million, much of it pass-through grant money. On lead paint remediation, he said the state first appropriated $6 million in 2019, plus $1 million in ARPA funds, and that the program has cleared more than 500 units. He said the federal grant program is not annual or predictable, with a recent award of about $7.75 million, and that the maximum federal grant per unit is $177,000, typically paired with up to $100,000 in state loan support. He also noted that the program can address homes before a child is poisoned if lead hazards are identified, but that cases involving an already exposed child are a higher priority. No votes or formal actions were taken.
NH

New Hampshire 2025 Regular Session

House Ways and Means (02/11/2025)

Transcript Highlights:
  • c> um</c><00:07:12.400><c> in</c><00:07:12.560><c> their</c> Um, the other thing is interest and dividends
  • 51.319><c> that</c><00:07:51.599><c> the</c><00:07:51.759><c> number</c><00:07:52.000><c> is</c> dividends
  • you'll see that the number is dividends you'll see that the number is 134<00:07:53.840><c> for</c><00
  • But the last easy one, interest and dividends, column E.
  • Okay, thoughts on interest and dividend and what we believe the number should be?
Summary: The committee met in a work session on revenue estimates and reviewed updated spreadsheet pages for several tax categories, using prior agreements and new testimony to refine FY 2025-2027 estimates. Early discussion covered insurance tax estimates, where members reviewed a letter from the insurance commissioner saying he was comfortable with the numbers provided; the committee accepted those estimates without opposition. Members also discussed utility property tax, with testimony about recent infrastructure buildout, tariffs, depreciation, and the difficulty of forecasting future growth. After debate over whether to use the average of high and low estimates or lean lower, the committee unanimously adopted the utility property tax numbers. The committee then turned to real estate transfer tax and communications tax. For real estate transfer tax, members cited county input, housing market conditions, interest rates, lumber costs, and uncertainty about future policy; they agreed to use the averages and adopted those estimates unanimously. For communications tax, members noted the decline in landline-based revenue and the shift to data services. After discussion of whether to use the low estimate or the average, the committee settled on the average with a small rounding-down adjustment when the figure ended in .5, and adopted the numbers unanimously. The chair also clarified that these estimates remain subject to change until the final resolution is adopted. The committee next accepted interest and dividends estimates as presented, with members noting the decline in that revenue source and the lack of additional information beyond the department’s analysis. Finally, the committee began discussing tobacco tax revenue, with members noting long-term declines in smoking, offsetting effects from out-of-state sales, and a suggestion to take a slightly conservative approach by reducing the average by 0.5. The transcript cuts off during that discussion, so no final vote on tobacco is shown in the excerpt.
MN

Minnesota 2025-2026 Regular Session

Human services panel hears HF2143 3/26/25

Minnesota House Floor Meeting

Transcript Highlights:
  • Case management is an investment on the front end that pays massive dividends on the back end when we
  • Case management is an investment on the front end that pays massive dividends on the back end when we
  • Case management is an investment on the front end that pays massive dividends on the back end when we
  • you for the advocates that have worked in this space for so long to say little bit upfront, lot of dividend
MN

Minnesota 2025-2026 Regular Session

Workforce committee considers HF961 2/26/25

Transcript Highlights:
  • service and philanthropy, similar to the ProStart program's representative investment that pays dividends
  • service and philanthropy, similar to the ProStart program's representative investment that pays dividends
  • service and philanthropy, similar to the ProStart program's representative investment that pays dividends
  • service and philanthropy, similar to the ProStart program's representative investment that pays dividends
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Aug 13th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • Those investments pay dividends as they create better economic opportunities for New Mexicans and a better
  • Key components: It needs to have the opportunity to be a foreign trade zone.
  • They need to be able to establish or have a foreign trade zone because that's what's going to allow you
MO

Missouri 2026 Regular Session

Special Committee on Intergovernmental Affairs Feb 23rd, 2026

Special Committee on Intergovernmental Affairs

Transcript Highlights:
  • Dividends. Dividends from the fund going where? Back to the taxpayer. How does that work?
  • gets to that point, it starts to make so much money, residents of Missouri could potentially get a dividend
NH
Transcript Highlights:
  • The good news is this is the first year without the interest and dividends tax.
  • The good news is this is the first year without the interest and dividends tax.
  • The good news is this is the first year without the interest and dividends tax.
  • The good news is this is the first year without the interest and dividends tax.
  • And so we could not dividends tax.
Summary: The meeting was a House budget briefing focused on the overall state budget and the first of three divisions. The presenter reviewed the size and structure of the budget, noting that the state had eliminated the interest and dividends tax and still balanced the budget. He explained the major spending categories in the general fund and total budget, emphasizing that health and human services and education remain the largest areas, while transportation is largely self-funded. He also walked through the revenue picture, including business taxes, insurance taxes, court fees, communications taxes, and Medicaid recoveries, and said the remaining interest and dividends tax revenue reflected late payments from prior assessments. Members asked about the size of the tax cut from eliminating the interest and dividends tax, federal funding stability, and why Medicaid was being reduced if federal support was expected to remain steady. The response was that the lost revenue would have been about $200 million absent repeal, and that the budget gap was addressed through many small cuts across departments. On federal funds, the presenter said most aid is tied to multi-year grants and that core programs such as Medicare and Medicaid were expected to remain relatively stable, though some federal reductions could occur. He also said some agency reductions came from eliminating long-vacant, funded positions and from expected lapses. The discussion then moved into Division One, which covers smaller and miscellaneous agencies. The division made cuts to the governor’s office, eliminated a temporary position at the Governor’s Commission on Disability, reduced Department of Information Technology spending through a back-of-budget cut, and found savings in Administrative Services. It also delayed maintenance at the Sununu Youth Services Center, stopped advertising for paid family medical leave, changed retiree health insurance funding, and consolidated several personnel-related boards into one. The division eliminated the Commission on Aging and the Office of the Child Advocate, made a temporary special education advocate position permanent, reduced the Secretary of State’s budget, kept municipal rooms-and-meals distributions flat, and made changes to the retirement system, including $55 million to improve Group 2 retirement benefits and a new retirement structure for future state hires. The judicial branch was also asked to find savings and received two additional judges because of expected caseload increases from other eliminations.
NH
Transcript Highlights:
  • You don't like foreigners. All right.
  • under the laws of a foreign country of concern.
  • under the laws of a foreign country of concern.
  • </c> states specifically that a foreign states specifically that a foreign principle<04:03:19.120><c>
  • the definition of foreign principle on the first<04:07:50.080><c> page.
Summary: The committee first took up SB 297 and a new amendment, 2462, which combined the original Senate bill with the Carson amendment and added a proposed alternative regulatory system, RSA 420R. The chair and members discussed that the amendment was intended to give the Senate what it had asked for while also creating a dual system for public entity risk pools. Members asked whether the new structure would affect ownership or governance of health trusts, and the chair explained that 420R would be a separate regulatory statute while existing 420J-style arrangements could remain in place. The committee also noted that a paragraph had been accidentally deleted from the amendment and that another amendment would be prepared to correct it, with the subcommittee recessed while that was done. Public testimony focused on School Care, represented by Executive Director Lisa Ducette, who opposed the shift to Department of Insurance oversight under 420R. She argued that public entity risk pools are not insurance companies, that they are accountable to member entities and taxpayers, and that the proposed dual regulation would add unnecessary costs through examinations, higher reserves, and additional accounting requirements. She said the change could threaten tax-exempt status and create an uneven playing field, and she urged the committee to support SB 297 with the Carson amendment instead of moving to 420R. Committee members questioned whether the amendment would actually affect pools that stayed under the Secretary of State model, and one member cited support from the New Hampshire Municipal Association for the dual system. The discussion then shifted to amendment 245 on ambulance reimbursement and contracting timelines. Members reviewed a provision giving insurers 45 days and ambulance providers 60 days in the contracting process, and one member suggested making both periods 60 days. The chair and others said the current language was intentional and part of a broader compromise aimed at ending balance billing and forcing insurers to establish reimbursement rates. Members noted that the measure was unusual and that its effects would be reviewed over the next two years, with one member saying the bill would likely be difficult to roll back later. No final vote was taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

Committee on Elections - 02/26/26

Elections

Transcript Highlights:
  • certificates of deposit, money market certificates, treasury bills, treasury bonds, treasury notes, dividends
  • bills, treasury bonds, treasury treasury bills, treasury bonds, treasury notes,<01:15:03.600><c> dividends
  • c><01:15:04.080><c> from</c><01:15:04.320><c> securities,</c><01:15:05.040><c> shares</c> notes, dividends
  • from securities, shares notes, dividends from securities, shares in<01:15:05.520><c> mutual</c><01:15
  • I have a little slider that I can, you know, between small cap, large cap, foreign, you know, I don't
Committee: Senate Elections
HI

Hawaii 2025 Regular Session

CPN Informational Briefing 06-24-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • There's what we call the customer dividend.
  • </c> what we call the customer dividend. what we call the customer dividend.
  • :40.000><c> certain</c> customer dividend provides a certain customer dividend provides a certain amount
  • and customer dividend and X factor<01:33:06.560><c> formula.
  • So I appreciate left over for dividends.
Summary: The Senate Commerce and Consumer Protection Committee held an informational briefing on the Public Utilities Commission’s performance-based regulation (PBR) framework and the Department of Commerce and Consumer Affairs’ whistleblower complaint process. Chair Jared Kohole opened the meeting, noted it was informational only with no public testimony, and explained that members would hear presentations and then have an opportunity for questions. The committee heard first from Ulupono Initiative, which provided background on why utilities are regulated, how Hawaii’s cost-of-service model and rate cases work, and why PBR was adopted to shift utility incentives away from a capital-investment bias and toward performance, efficiency, cost control, and policy goals such as renewable energy and reliability. Ulupono described Hawaii’s PBR structure as a five-year multi-year rate plan with annual revenue adjustments, a customer dividend, a Z factor for extraordinary exogenous events, and an exceptional project recovery mechanism for large projects. It also outlined performance incentive mechanisms tied to renewable portfolio standard progress, interconnection speed, reliability, and shared savings. The presentation said the current docket is evaluating a possible hybrid approach that would combine forward-looking forecasting with historical results, and Ulupono advocated for stronger incentives, arguing the current rewards are too small relative to utility revenues and should be more meaningful to better align utility behavior with legislative intent. The PUC then presented its own overview, emphasizing that the PBR docket is open and active and that the briefing was limited to the record to avoid ex parte concerns. The commission described the development of PBR in Hawaii through multiple phases beginning in 2018: an initial collaborative phase to set goals, a formal contested-case phase that produced the initial framework, later phases adding scorecards, reported metrics, and additional performance incentive mechanisms, and subsequent refinements including sunset of some mechanisms and adjustments after the August 2023 Maui wildfires. The PUC said the framework is intended to be customer-centric, administratively efficient, and protective of utility financial integrity, and that current work includes evaluating how to balance forward-looking and historical test-year approaches within the rebasing process. No votes or formal actions were taken at the briefing.
CA

California 2025-2026 Regular Session

Assembly Education Committee Mar 18th, 2026

Transcript Highlights:
  • because we know that the data is so clear that... ...investing in early learning pays the biggest dividends
  • again, you know, the evidence is just so strong that every year of early learning pays back so many dividends
  • again, you know, the evidence is just so strong that every year of early learning pays back so many dividends
  • not only for the child, but for society. pays back so many dividends, not only for the child, but for
Summary: The Assembly Education Committee met without a quorum at first and began as a subcommittee, with the chair outlining hearing procedures and several bills on consent. The committee heard and advanced AB 1581, which would improve collection of tribal affiliation data for California students so Native students are more accurately counted and better served; supporters said current systems undercount Native students and erase their needs. AB 1586 also passed, requiring school resource officers who volunteer to carry naloxone to receive opioid overdose response training every two years; supporters emphasized student safety and the need for rapid response to overdoses on campus, while one school employees’ group raised concerns about retaliation protections for non-volunteers. Both bills were moved do pass as amended to Appropriations, with roll calls held open for absent votes. The committee then approved AB 1943, which updates school notices about secure firearm storage by making the information clearer, more visible, and more likely to reach families at key moments such as counseling or discipline interventions. Supporters from gun violence prevention groups, educators, and parents argued that many school shooters obtain guns from home and that plain-language, digital, and timely notices could help prevent child deaths and suicides; the author shared a personal story about a child accessing a gun at home. AB 1792 also advanced, directing the Instructional Quality Commission to consider updating health education to address digital safety issues such as deepfakes, extortion, grooming, and AI-generated exploitation; supporters said students need instruction that reflects modern online risks, while an opponent objected to language referencing LGBTQIA+ and gender-diverse students. AB 1653 passed as well, adding heat-illness guidance to the health framework after a young Girl Scout described students suffering during extreme heat and not recognizing symptoms. Later, the committee approved AB 1861, which would require the California Department of Education to create a public database of special education investigation reports with personal information redacted; supporters said families need better access to complaint outcomes and accountability, while an opposition witness warned of unintended consequences, misuse of incomplete information, and added burdens on districts. AB 1721 also moved forward, creating a stakeholder work group to review and streamline school safety plan requirements so plans remain practical and focused on emergency preparedness. AB 1631, which would make kindergarten mandatory, received mixed testimony: supporters argued it would help close achievement gaps and improve readiness, while opponents framed it as an intrusion on parental choice; the bill was held on call after a split vote. Finally, AB 1809, extending job order contracting authority for school and community college districts, was also held on call after opposition from contractors who argued project labor agreement requirements raise costs and reduce competition. The committee then began hearing AB 1659, aimed at improving transitions for court school students back to their home districts, with testimony describing re-enrollment barriers and the need for a designated district contact.
CA

California 2025-2026 Regular Session

Assembly Education Committee Mar 18th, 2026

Education

Transcript Highlights:
  • learning, because we know that the data is so clear that Investing in early learning pays the biggest dividends
  • But again, the evidence is just so strong that every year of early learning pays back so many dividends
  • again, you know, the evidence is just so strong that every year of early learning pays back so many dividends
  • not only for the child, but for society. pays back so many dividends, not only for the child, but for
Committee: House Education
FL

Florida 2026 Regular Session

Community Affairs Feb 10th, 2026

Community Affairs

Transcript Highlights:
  • reinvested into assets and otherwise, whereas from the private sector example, it could be distributed as dividends
  • reinvested into assets and otherwise, whereas from the private sector example, it could be distributed as dividends
  • reinvested into assets and otherwise, whereas from the private sector example, it could be distributed as dividends
  • It could be distributed as dividends to shareholders in other states, what have you.
Summary: The committee heard and approved several bills on water quality, public safety, utilities, and transparency. CS/SB 848 on stormwater treatment and water quality enhancement areas was presented as a follow-up to prior water quality legislation and was reported favorably with no opposition. SB 28, a claim bill for Reginald Jackson against the City of Lakeland, was also reported favorably. CS/CS/SB 658, a bipartisan child drowning prevention bill for rental properties, drew extensive testimony from child advocacy, drowning prevention, and autism advocates who described Florida’s high child drowning rates and supported requiring at least one pool or water-safety feature at short- and long-term rentals; the committee adopted two amendments, including one requiring license applicants to certify compliance, and the bill was reported favorably. The committee also approved CS/SB 1724 on municipal utility services, which addresses outside-city utility service agreements, revenue use, rate limits, and customer meetings; an amendment added gas utilities back into the bill. CS/SB 934 on Florida Keys areas of critical state concern was amended to remove a section viewed as conflicting with the Live Local Act and then reported favorably. SB 1622, creating a one-time waiver for certain late-filed financial disclosure fines, was supported by speakers and reported favorably. CS/CS/SB 260 on electric vehicle storage at towing facilities was amended to focus on storage only and to limit the extra fee period until inspection clears fire risk; the bill drew mixed testimony from insurers, towing-related interests, and fire officials, but was reported favorably. Later, SB 1264 on private schools was presented as easing zoning and occupancy barriers for small schools and microschools, with supporters saying it would help meet demand for school choice; members raised concerns about local implementation, but the bill was reported favorably. CS/CS/SB 1014 on municipal utility service to properties outside city limits was amended to apply only to residential properties and to clarify capacity and annexation-related exceptions; it was supported by local-government and environmental testimony and reported favorably. CS/SB 1102, expanding the local government infrastructure surtax to include body camera costs, was amended so any use would require a new referendum and was reported favorably. Finally, SB 1566 on local government spending and transparency required online posting of budgets and related information, drew testimony from counties, cities, and transparency advocates about costs and uniform templates, and was reported favorably after amendment, with several senators noting concerns for smaller local governments while supporting the transparency goal.
FL

Florida 2025 Regular Session

Rules Apr 8th, 2025

Transcript Highlights:
  • first one is tab 20 Cs for Cs for SB 768 on controlling business interests of by persons with ties to foreign
  • So the applicant or entity renewing their license can ensure their 40 in France from foreign countries
  • using for banks to hide U.S. stocks and bonds for some victims pursue complicated legal process is in foreign
  • The interest rate must be at least the highest rate or dividend generally available to comparable business
MA

Massachusetts 2025-2026 Regular Session

Special Joint Committee on Initiative Petitions Mar 30th, 2026

Special Joint Committee on Initiative Petitions

Transcript Highlights:
  • We have a base income tax rate on withheld income, capital gains, both short-term and long-term, dividends
  • petition would reduce the income tax rate on withheld income, long-term capital gains, interest and dividends
  • It's a little less clear what the question intends for short-term both short-term and long-term, dividends
  • petition would reduce the income tax rate on withheld income, long-term capital gains, interest and dividends
  • It's a little less clear what the question intends for short-term ...interest and dividends from 5% to
Bills: H5006 , H5007
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 9th, 2026

New Mexico House Floor Meeting

Transcript Highlights:
  • bachelor's in general business with a concentration in business administration and a bachelor's in foreign
  • Speaker and General Lady, this year was the first time it provided any dividends, and that was $26 million
  • Speaker and General Lady, this year was the first time it provided any dividends, and that was $26 million
  • This year was the first time it provided any dividends, and that was $26 million.
Bills: HB111 , HB61 , HB43 , HB156 , HB70 , SB3 , HB103 , HB109 , HB128 , HB247 , HJM2 , HJM3 , HM7 , HM17 , HM4 , HM22 , HM23 , HM24 , HM26 , HM2 , HM16 , HM32 , HM11 , HM14 , HM21 , HM34 , HM50
Summary: The House convened with a quorum, opened with prayer and pledges, and spent much of the session on memorials and recognitions. Members honored former Senator Clint Hardin with a certificate and extended condolences, with several representatives sharing personal remembrances of his work on autism coverage, second chances for formerly incarcerated people, rural issues, and bipartisan dealmaking. The chamber also recognized Council of Governments Day, 4-H Day, NMSU Day, scouting groups, and several student and community guests, including youth from 4-H, NMSU CAMP, folklórico, and the La Cueva boys soccer team. The House received messages from the governor and Senate, including authorization for House Bill 320, the Industrial Carbon Reduction Act, and Senate passage of several bills. Committee reports were adopted on a long list of measures, including House Bills 145, 158, 180, 49, 164, 256, 287, 60, 120, 166, 306, 124, 314, 185, 253, 195, 259, 295, 296, 338, and others, along with several joint resolutions and memorials. The chamber also ordered certain bills germane and referred them to committees, and enrolled and engrossed multiple memorials. On third reading, House Bill 43, a PERA cleanup bill, passed 65-0. The House Judiciary Committee substitute for House Bill 70, updating the Public Regulation Commission and hearing officer structure, passed 66-0 after brief debate. House Bill 247, which modernizes capital outlay procedures and limits reauthorizations, was then taken up; the sponsor explained it would send unspent general fund capital outlay money to a Capital Development and Reserve Fund and tribal project balances to the tribal infrastructure fund. An amendment was offered to redirect the reserve fund money to the state road fund, and debate began, with members discussing road conditions and the purpose of the reserve fund.
TX

Texas 89th Regular

89th Legislative Session May 27th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Never in a million years did I think that the state of Texas would go and copy a foreign nation's constitution
  • Landau in a case from more than 70 years ago about whether deportable foreign communists could be held
  • This seeks to prevent ERCOT market exploitation. ...from giving hostile foreign nations access to critical
  • must report to ERCOT when they purchase critical grid equipment or services from designated hostile foreign
  • Senate Bill 2431 by Campbell relating to requiring foreign language credit opportunities for students
Bills: SB15 , SB35 , SB290 , SB1365 , SB2568 , SB18 , SB427 , SB1860 , SB1864 , SB2675 , SB596 , SB2858 , SB3058 , SB816 , SB1163 , SB1484 , SB1898 , SB1777 , SB1802 , SB2692 , SB315 , SB1585 , SB1626 , SB2058 , SB2050 , SB2105 , SB2245 , SB2764 , SB2611 , SB2497 , SB2452 , SB2243 , SB1705 , SB1244 , SB1361 , SB438 , SB578 , SB584 , SB2690 , SB2521 , SB2487 , SB2342 , SB2063 , SB125 , SB2041 , SB1962 , SB1413 , SB6 , SB2878 , SB13 , SB30 , SJR87 , SB7 , SB127 , SB293 , SB441 , SB3059 , SB57 , SB512 , SB1718 , SB140 , SB2055 , SB2075 , SB2018 , SB1534 , SB1567 , SB785 , SB1233 , SB1580 , SB1663 , SB413 , SB447 , SB519 , SB467 , SB1579 , SB1191 , SB1021 , SB1838 , SB2807 , SB2835 , SB546 , SB2121 , SB2167 , SB2024 , SB1032 , SB1049 , SB1266 , SB1400 , SB1302 , SB401 , SB1596 , SB1281 , SB1242 , SB1343 , SB1346 , SB2753 , SB2221 , SB1719 , SB2177 , SB552 , SB646 , SJR1 , SB15 , SB800 , SB790 , SB748 , SB571 , SB1957 , SB1923 , SB1896 , SB1760 , SB1335 , SB2368 , SB2477 , SB2587 , SB2972 , SB2986 , SB2965 , SB1563 , SB1467 , SB1164 , SB1137 , SB614 , SB705 , SB961 , SB918 , SB955 , SB869 , SB850 , SB863 , SB1610 , SB1055 , SB2206 , SB457 , SB2337 , SB1362 , SB926 , SB1494 , SB251 , SB456 , SB500 , SB1307 , SB2615 , SB2995 , SB2321 , SB973 , SB974 , SB865 , SB506 , SB781 , SB1522 , SB1558 , SB510 , SB667 , SB763 , SB2073 , SB1858 , SB1660 , SB505 , SB2900 , SB1433 , SB1540 , SB1964 , SB1300 , SB1644 , SB2217 , SB2373 , SB2431 , SB1758 , SB2480 , SB3039 , SB3047 , SB3073 , SB2920 , SB2781 , SB826 , SB766 , SB2460 , SB527 , SB1946 , SB2885 , SB1243 , SB2610 , SB2595 , SB857 , SB2501 , SB66 , SB268 , SB331 , SB618 , SB414 , SB1394 , SB2425 , SB898 , SB993 , SB442 , SB735 , SB784 , SB2538 , SB1919 , SB1013 , SB2215 , SB2322 , SB626 , SB570 , SB747 , SB2183 , SB673 , SB1015 , SB1447 , SB1370 , SB1784 , SB1897 , SB2873 , SB2891 , SB2933 , SB2540 , SB2681 , SB2695 , SB1965 , SB2203 , SB872 , SB875 , SB1030 , SB1277 , SB1730 , SB1681 , SB1152 , SB2969 , SB2747 , SB2705 , SB2541 , SB1708 , SB2080 , SB2721 , SB1986 , SB2392 , SB2539 , SB2857 , SB2799 , SB2785 , SB2782 , SB1531 , SB1927 , SB1263 , SB1098 , SB35 , SB290 , SB1365 , SB2568 , SB18 , SB427 , SB1860 , SB1864 , SB2675 , SB596 , SB2858 , SB3058 , SB816 , SB1163 , SB1484 , SB1898 , SB1777 , SB1802 , SB2692 , SB315 , SB1585 , SB1626 , SB2058 , SB2050 , SB2105 , SB2245 , SB2764 , SB2611 , SB2497 , SB2452 , SB2243 , SB1705 , SB1244 , SB1361 , SB438 , SB578 , SB584 , SB2690 , SB2521 , SB2487 , SB2342 , SB2063 , SB125 , SB2041 , SB1962 , SB1413 , SCR9 , SB21 , SB1198 , SB1405 , SB2601 , SB2778 , HB5560 , HB762 , HB1584 , HB 107 , HB 114 , HB138 , HB4386 , HB2495 , HB581 , HB3348 , HB5323 , HB4341 , HB6 , HB171 , HB143 , HB449 , HB3486 , HB4263 , HB5246 , HB2 , HB2011 , SB17
NH

New Hampshire 2025 Regular Session

House Finance Division I (02/26/2025)

Transcript Highlights:
  • Interest and dividends tax would be somewhere between 70,000 and 85,000 returns, more in the last year
  • Because, as the chair mentioned, we're in a time of change with the interest and dividends tax going
  • which is like 184 million from dividends which is like 184 million from the<04:08:57.680><c> last</c
  • "The interest and dividends tax—that's gone. So what's the next one?"
  • Interest and dividends, while meaning full at $184 million, is much less than that.
Summary: The meeting began with testimony from Charlotte Harding of the Conservation Land Stewardship Program, who explained that the office protects the state’s interests in conservation lands by monitoring conservation easements and related stewardship obligations. She described the program’s funding sources: a land conservation endowment held at the State Treasury and administered by the Council on Resources and Development, plus transfers from Fish and Game for easements not covered by the endowment. Members discussed how the endowment is funded when new easements are created, the program’s staffing, the loss of a state vehicle, and the need to increase in-state travel so staff can use personal vehicles for field monitoring. Harding said the office has two full-time positions and a seasonal employee, that the work is mostly monitoring rather than hands-on land management, and that enforcement issues are referred to the grantee agencies or, if needed, to the Council on Resources and Development. She also noted that the office works directly with landowners to resolve smaller issues and that stewardship has become a greater focus in the conservation community because ongoing oversight requires funding. Members asked about examples of properties under the program, including LCIP lands such as Musquash Headwaters, Hidden Valley Boy Scout Camp, and Nash Stream, and the committee did not take a motion before moving on. The committee then heard from Paul Breen and Susie Anzelone of the Pease Development Authority regarding the Division of Ports and Harbors operating budget. They explained that the authority provides finance, legal, environmental, and engineering support to the division, which operates New Hampshire’s only deep-water berth at Market Street, as well as facilities in Hampton, Rye, the Portsmouth Fish Pier, and navigational waters in the Piscataqua and Great Bay. They described the authority’s history after the closure of Pease Air Force Base, the transfer of roughly 2,400 acres, and the creation of a self-sustaining enterprise fund tied to airport and port operations. They emphasized that the division does not draw on the general fund because revenues from wharfage, dockage, parking, registration, and mooring fees cover operating costs, with any surplus retained for capital improvements and replacement. Members questioned several budget lines, including a sharp increase in overtime and workers’ compensation. Breen said overtime is driven largely by security needs at the deep-water port and fluctuates with vessel traffic, such as salt shipments, while workers’ comp is a DAS-set cost and not something the division controls. He said the budget is conservative and that if revenues fall short, capital projects would be the first items scaled back. The discussion also covered fee-setting, with Breen saying rates are reviewed against the local market and infrastructure constraints, and that some smaller facility fees had recently been increased after being stagnant for years.