Transcript Highlights:

• This bill allows for similar exploration, delineation, and potential development into the Bakken and
• Three Forks formations, including and potential development into the Bakken and Three Forks formations
• It was that development. It was that proving up of this new resource, which I...
• It was that development.
• This is some areas that we haven't seen any development ever in.

Keywords: 908, all

Summary: The Finance and Tax Committee met to consider Senate Bill 2397 and a proposed amendment creating a development incentive well program for North Dakota oil and gas production. Representative Dockter explained the amendment as a way to encourage exploratory and innovative drilling in light of the state’s financial outlook and the growing share of stripper wells. Department of Mineral Resources Director Nathan Anderson and DMR geologist Timothy Nashim presented background on the Bakken and Three Forks formations, with Nashim describing research showing that Middle Three Forks second-bench development can add reserves in some areas but not others, and that roughly 600 additional wells in the strongest area could yield about 250 million barrels of oil. Continental Resources representatives William Houser and John Argo supported the amendment. They said the bill would give a temporary oil extraction tax exemption for certified development incentive wells, limited to 36 months or 300,000 barrels, and would also update tax treatment for gas used in enhanced oil recovery and on-site electric generation. They argued the measure would encourage new technology and testing in existing spacing units, complementing House Bill 1483, which they said focused on geographic expansion into non-Bakken and non-Three Forks areas. Argo said Continental still invests heavily in North Dakota but is shifting rigs elsewhere because of economics, and he urged incentives to spur exploration and preserve the basin’s long-term future. North Dakota Petroleum Council executive director Ron Ness also supported the concept, calling it a targeted, low-risk way to encourage innovation and future barrels. Committee members asked about royalty treatment, the difference from House Bill 1483, pressure maintenance, and how the program would be administered. DMR said the amendment should clarify that the operator bears the burden of proving a well qualifies and that only one incentive well per stratigraphic interval should be certified. No vote was taken; the committee paused to work on revised language and indicated the bill would likely need further adjustment, possibly in conference committee.

Transcript Highlights:

• Most contractors follow the law and work with a property owner to develop a project that will qualify
• owner to develop a project that<00:02:56.599> will<00:02:56.840> qualify<00:02:57.360>
• It does offer a competitive advantage, and frankly, that doesn't seem fair to some folks.
• It does offer a competitive advantage, and frankly, that doesn't seem fair to some folks.
• It does offer a competitive advantage, and frankly, that doesn't seem fair to some folks.

Keywords: 1191, senate, all

Transcript Highlights:

• What this does, it’s not simply a bureaucratic development.
• It empowers law enforcement development.
• Many of you have followed the developments in Meta. We have a trial date.
• <00:54:20.480> pay supported for us to have competitive pay supported for us to have competitive
• <01:15:49.840> pay, if we can staff it, competitive pay, if we can staff it, competitive pay

Keywords: Meeting Start: 00:00:00 Roll Call: 00:00:07 Office of the Attorney General Update: 00:04:52 Department of Kentucky State Police Update: 00:44:57, 958, all

Transcript Highlights:

• And can we develop a sustainable supply of water to that area?
• And with return of having irrigation and never has developed.
• And that's really competitive. You had to demonstrate that you could do it.
• , ecosystem, workforce development.
• All ag technology research and development, ecosystem, workforce development, and projects, the deep

Summary: The meeting began with approval of the prior minutes and opening remarks from NDSU President David Stewart, who emphasized NDSU’s land-grant mission of statewide service through teaching, research, and extension. He highlighted the university’s role in agriculture, water, soil health, and community outreach, and pointed to examples of research commercialization such as Lilac Agriculture’s work on nitrogen-fixing microbes for crops. He also said he is still early in his tenure and intends to spend time listening and learning across the state. The committee then received a detailed presentation on a state irrigation and drainage study from Tom Bodine on behalf of Agriculture Commissioner Doug Goehring. The study estimated that North Dakota could develop about 1.3 million additional irrigated acres, with major potential in counties such as McLean, Williams, Sargent, Burleigh, Mountrail, McKenzie, McIntosh, Dunn, and Bottineau. Testimony stressed the economic benefits of irrigation for crop yields, value-added processing, dairy, and potato production, while members also discussed water availability, aquifers, downstream water use, and the need for more flexible permitting. The drainage portion of the study found significant economic benefits from legal drains, and staff explained that the impacts were calculated through increased productivity and related input purchases. Greg Lardy then gave NDSU’s required agriculture update, saying agriculture accounts for more than $41 billion in annual economic activity, one in five jobs, and about 25 percent of state GDP. He reviewed the role of SBAR, the statewide research-extension network, new crop varieties, virtual fencing, AI and weather-network tools, and Extension’s county partnerships and youth programs. He also outlined NDSU’s priorities for the next session: restoring proposed budget cuts, increasing operating support, and addressing deferred maintenance. Members asked about storage shed construction, NDSU’s relationship with Grand Farm, and whether NDSU could help with water-related research tied to drainage and aquifers. The committee also heard from the North Dakota Water Resources Research Institute and a professor on water and data centers, who described graduate fellowships, a water workforce certificate program, and research on data center cooling, water use, and “Legendary Harvest” concepts that would reuse waste heat for greenhouse or aquaculture production. Questions focused on whether the cooling systems were closed-loop, who would own any related production facilities, and whether the project was still only a feasibility study. Finally, North Dakota AgTech described its NSF-funded “engine” project, saying it has brought millions in federal investment to the state, supported startups and on-farm trials, and is focused on commercialization, workforce development, and helping producers lower input costs and improve profitability.

Transcript Highlights:

• Developments since our first hearing in February.
• This partnership has been the envy of the developed world, and it has more than paid off for all of us
• competitiveness, that is supporting our students, the next generation of leadership, and the medical
• Department of Housing and Urban Development, $227 million under the U.S.
• Finance continues to monitor policy and legislative developments to assess potential impacts on funds

Summary: The Assembly Budget Subcommittee on Accountability and Transparency held a hearing focused on three issues: federal funding cuts and delays, possible state revenue impacts from reduced IRS enforcement, and the fiscal effects of AB 218 on local governments. The Franchise Tax Board described how state and federal tax systems are closely linked, how most returns are filed electronically through software, and how FTB relies on IRS information sharing for compliance, fraud prevention, offsets, and nonfiler work. Members raised concerns that federal staffing cuts at the IRS could weaken audits of large corporations and reduce California revenue, and asked about VITA and ITIN filers; FTB said it was not aware of VITA reductions, noted ITIN returns are processed the same as other returns, and said ITIN filing appeared slightly down this year. The Department of Finance said it is monitoring federal developments, summarized the continuing resolution and reconciliation process, and noted that California lost nearly $940 million in earmarked federal projects under the CR, while major federal budget decisions remain uncertain until the President’s budget and later congressional action. The University of California reported substantial federal pressure on research, student aid, and health care. UC said hundreds of millions of dollars in federal awards have already been canceled, with additional threats to NIH and DOE facilities-and-administration rates, graduate fellowships, student loan repayment plans, international student visas, Pell Grants, and Medicaid/Medi-Cal funding. Committee members pressed UC on the effects of DEIA-related federal restrictions, the loss of clinical trials and research staff, and the impact on low-income students and patients. UC said it is pursuing litigation with the Attorney General and other institutions, but emphasized that court action is only a temporary solution and that sustained state and private support may be needed. The second panel addressed the fiscal consequences of AB 218, which extended the statute of limitations for childhood sexual abuse claims against public agencies. FCMAT presented a report with 22 recommendations, including better statewide data collection, financing mechanisms, a possible victims compensation fund, and prevention measures. Los Angeles County described a tentative $4 billion settlement tied to AB 218 claims, saying it will require reserves, borrowing, and long-term annual payments through 2050, while also forcing curtailments and cuts to vacant positions to preserve services. Members discussed insurance pools, retroactive premiums, unidentified future claims, and the need for a compensation fund or other financing tools. No formal votes were taken; the hearing concluded with public comment, including testimony from local health officials about nearly $400 million in terminated federal public health grants and the resulting layoffs and service impacts.

Transcript Highlights:

• House Bill 4211 would protect investors and residents in those non-traditional developments.
• We've had success developing processes to disrupt these places.
• We've had a success of developing processes to disrupt these places.
• I serve as an advisory board member for StoneArx, Inc., a blockchain developer.
• I serve as an advisory board member for StoneArx, Inc., a blockchain developer.

Bills: HB111

Summary: The committee heard a long series of House bills, with most measures laid out by Senate sponsors and then left pending after brief public testimony. Early bills focused on construction and licensing issues, including HB 305 on prompt payment for public construction audits, HB 5093 on restoring public access to notary contact information, HB 2037 on updating landlord-tenant repair and security deposit rules, HB 4214 on a centralized public information request contact database, and HB 5435 exempting higher education institutions from a 90-day notice requirement for certain public-private partnership projects. Testimony was generally supportive on these bills, and no votes were taken; each was left pending. The committee also considered several transparency and regulatory bills. HB 111 would expand the Public Information Act to certain nonprofit state associations and narrow some attorney-client and working-paper exceptions, with supporters arguing it would improve oversight of public funds and critics questioning the scope and thresholds. HB 5129 would protect occupational license holders’ personal identifying information from disclosure without consent, HB 4350 would allow peace officers to redact personal information from online real property records, HB 4748 would authorize multiple-award state purchasing contracts, and HB 4765 would clean up code enforcement officer licensing rules. HB 4134 would allow motor vehicle creditors to charge limited fees for electronic payment options while requiring a free alternative, and HB 1043 would direct a study of blockchain-based property title records; both drew testimony, with some concern about the practical effects and vendor implications of the blockchain study. Several bills addressed insurance, workforce, and digital-asset regulation. HB 3520 would reduce the insurance coverage required for transportation network companies during the period when a driver is en route to pick up a passenger, drawing support from Texans for Lawsuit Reform and opposition from trial lawyers who argued the higher coverage better protects the public. HB 3320 would create a self-insurance pool for religious institutions, with TDI explaining it would still be regulated but operate under a special statutory framework. HB 4233 would modernize rules for digital asset service providers by removing certain auditor-access requirements and updating reporting and licensing provisions. HB 3923 would reduce bachelor’s-degree requirements for some state jobs, though Every Texan argued low pay, not degree requirements, is the main driver of turnover. HB 4518 would create a legal structure for decentralized unincorporated nonprofit associations tied to blockchain governance; business law experts opposed it as unnecessary and potentially risky, while crypto advocates supported it. Finally, HB 1803 would join an interstate compact for dentists and dental hygienists, with supporters citing workforce shortages and opponents saying Texas already licenses quickly and that the compact could weaken state oversight. Throughout the hearing, the committee repeatedly closed testimony and left bills pending, and a quorum was eventually established before later items were heard.

Transcript Highlights:

• ,... ...development, when we talk about education, when we talk about infrastructure, we cannot have
• Because when you talk about early childhood development, it really is economic development.
• Because when you talk about early childhood development, it really is economic development.
• Relative of the operation and control of ferries by the Department of Transportation and Development,
• It is a concurrent resolution to urge and request the Department of Transportation and Development to

Keywords: 974, senate, all

Transcript Highlights:

• It's the cost of an entire developer for one year on this project.
• You have to at least make me competitive. Once I'm competitive, then I'm good with it.
• One is from the federal Department of Housing and Urban Development (HUD).
• So, that's some of the housing developments.
• Another recent development is the renovation of the Wells Fargo Tower.

Transcript Highlights:

• I also served in a technical support role during the development of AB 38, which is under Assembly Member
• jointly by the locally tailored contingency plans, timelines, and performance metrics developed jointly
• And our existing jurisdiction under the unfair competition law— with populations over 900,000 would add
• And our existing jurisdiction, under the unfair competition law, ...and this collusion.
• Our existing jurisdiction under the unfair competition law is insufficient because it only allows for

Keywords: 988, house, all

Transcript Highlights:

• We develop partnerships, and we do have local vans or buses come to pick up our kids with permission
• I would say that that reflects a competitive environment where district governing boards are competing
• This flexibility is especially important for younger students and those still developing keyboarding
• Research consistently demonstrates that handwriting is directly connected to language development and
• that learning to write by hand plays a pivotal role in both memory... ...to language development, and

Keywords: 1182, all

Transcript Highlights:

• National Civics Bee here in Austin and will go on to represent the State of Texas at the national competition
• National Civics Bee here in Austin and will go on to represent the State of Texas at the national competition
• It also makes strategic investments to maintain Texas's economic competitiveness.
• conference committee simply removed the expiration of the tax credit language for research and development
• If the developer does not agree with these measures, the developer has a right to an administrative hearing

Summary: The House met in a late-session floor session that began with prayer, pledges, quorum, and a series of excused absences and Senate messages reporting action on numerous bills, conference committee appointments, and conference reports. Members also adopted a memorial resolution honoring Mark James Hanna, a Capitol lobbyist and advocate for nurses, and a congratulatory resolution for Rishi Tarumalasetti, an eighth-grade civics bee winner from Katy. The chamber also received and recorded a parliamentary colloquy about an unusual Senate request on SB 293, with the Chair stating the House could not recede from only part of its amendments and could not suspend the rules because the bill had not been returned from the Senate. The bulk of the session was devoted to taking up conference committee reports and related procedural resolutions, especially the state budget. The House adopted a resolution allowing the SB 1 conferees to go outside the normal bounds, then adopted the SB 1 conference report on a 107-21 vote. Debate on the budget centered on public education funding, tax relief, health care, corrections pay, and judicial compensation, with supporters calling it a responsible compromise and opponents arguing it was overly expansive and insufficient on property tax relief. The House also adopted a technical correction resolution tying judicial pay increases in SB 1 to the House version of SB 293, and members discussed at length the relationship between judicial salaries and legislative pensions. The chamber then adopted a long series of conference reports on measures covering topics such as school library review and book challenges (SB 13), SNAP restrictions on sweetened drinks and candy (SB 379), hospital price transparency (SB 331), nursing home accountability (SB 457), school district personnel compensation conflicts (HB 3372), property notice rules (HB 2011), research and development tax credits (SB 2018), and several other bills affecting elections, permits, education, and criminal justice. Most reports passed by wide margins, though some drew significant opposition, especially SB 13 and SB 379. The House also granted several Senate requests for conference committees and introduced additional resolutions to suspend conferee limits on various bills as the session moved toward adjournment.

Transcript Highlights:

• It's for developing Career and Technical Education programs in the U.S.
• We had a competitive project application process.
• was lifted again we had a competitive was lifted again we had a competitive project<01:28:50.679
• Funding, so it wasn't a competitive process.
• And so that was part of the conversation when those funds were originally developed.

Keywords: 928, house, all

Summary: The Finance Committee Division II met with the New Hampshire Department of Education to review school nutrition programs and related funding. Department staff Melissa White and Kelly Rambo walked through a packet covering the National School Lunch Program, Fresh Fruit and Vegetable Program, Community Eligibility (CEP), After School Snack Program, Child and Adult Care Food Program, and Summer Food Service Program, explaining that these are federally funded USDA programs, with some state supplemental funding in certain areas. They also reviewed reimbursement rates for lunch, breakfast, child/adult care, and summer meals, noting that summer rates follow calendar-year timing while most others follow the state fiscal year. Members asked several questions about how the funding works, especially the difference between federal reimbursements and the state match. Staff explained that the state lunch line in the budget is a fixed match amount tied to federal participation, while breakfast funding is broken out by meal type and reimbursement category. They also discussed why FY 2022 federal spending was much higher during COVID, when USDA covered meals at the free rate for all students, and why FY 2023 and FY 2024 dropped as normal income-eligibility rules returned. A committee member also asked about the “severe need lunch” two-cent rate, and staff said they did not know USDA’s formula. A substantial portion of the meeting focused on summer meals and the distinction between the Summer Food Service Program and Summer EBT. Staff explained that SFSP provides meals at approved sites, which can be open or closed sites, while Summer EBT is a separate DHHS-operated benefit program that provides funds to families. They said some schools or sites may not qualify under USDA rules, but eligible children can often use another nearby open site, and the department posts an interactive map and phone line to help families find locations. The committee also discussed the Community Eligibility Provision. Staff said New Hampshire currently has three CEP schools, that the eligibility threshold had recently been lowered from 40% to 25% identified students, and that the program allows participating schools to offer free meals to all students while the local district covers the non-federal share. Members asked whether any districts in the 25% to 40% range had joined; staff said no. The department offered to provide the eligibility report in Excel and noted that the CEP intent is to reduce application burden, though the lower threshold can make the local cost share harder for some districts to absorb.

Transcript Highlights:

• We spent a lot of time last year developing this. It was no small feat.
• And so understanding these trends is critical for negotiating better rates, ensuring competition, and
• And so understanding these trends is critical for negotiating better rates, ensuring competition, and
• And so understanding these trends is critical for negotiating better rates, ensuring competition, and
• <00:33:16.279> among help to improve competition among help to improve competition among approved

Keywords: 928, house, all

Summary: The working session focused on the New Hampshire Prescription Drug Affordability Board’s budget request and its recent work. Early discussion centered on a technical question about a statutory dedicated fund for donations: members asked why the budget did not show a line item for accepting donations, and DHHS CFO Nathan White explained that the statute already authorizes the fund, but because no revenue has been received yet, it does not appear in the budget. He said any future donations would go through the normal process under RSA 14:30-a, with fiscal committee and Governor and Council approval and a memo to the Department of Revenue Administration. The chair clarified that the account was not a prerequisite to soliciting donations, and White said the fund would supplement, not replace, General Fund support. Kirk Williamson, the board’s executive director, then presented the board’s mission and budget. He said the governor’s budget provides about $256,500 in the first year and slightly more in the second, all General Funds, and that the board had distributed a technical amendment to continue the executive director position. He described the board’s role as analyzing prescription drug costs, identifying savings opportunities, monitoring market trends, promoting transparency, and making recommendations to the legislature and public payers. He also emphasized that the board operates publicly, with live-streamed meetings and a stakeholder advisory council that includes unions, state agencies, Medicaid, corrections, higher education, and other stakeholders. A major topic was the board’s estimate of $6 million in potential savings, based on Medicare’s newly negotiated prices for 10 drugs. Williamson explained that the board used those federal negotiated prices as a benchmark to estimate what New Hampshire public payers might be missing by not having similar leverage, and said the board is trying to build evidence for future recommendations rather than directly setting prices. Members asked how those potential savings could become actual savings, and Williamson said the board is sharing findings through its advisory council and feedback loops, though it has not yet sent a formal recommendation letter to specific purchasers. He also discussed the difference between pharmacy-benefit spending, which relies heavily on PBM-negotiated rebates, and medical-benefit spending, which is administered differently and is being added to the board’s next report. Williamson highlighted other work, including a model on Humira and a pending legislative effort to improve biosimilar competition, plus a proposed state-backed pharmacy savings card that would be no cost to the state and could save users about $240 per prescription based on Connecticut’s experience. No votes were taken during the session.

Transcript Highlights:

• green field development.
• green field development.
• green field development.
• green field development.
• So um developed.

Keywords: 1189, house, all

Transcript Highlights:

• Picus has developed for middle schools and high schools.
• What effect might that have on the guarantee of competitive compensation for educators if we again make
• And on page three, you saw that Campbell one was part of developing the current formula, or at least
• This directly impacts activities as it puts them in competition for money outside the silo, and enough
• We had cobbled together ways to bump our base and stay competitive.

Keywords: 916, all

Transcript Highlights:

• minutes from the meeting in the House Committee on Agriculture, Forestry, Aquaculture, and Rural Development
• minutes from the meeting in the House Committee on Agriculture, Forestry, Aquaculture, and Rural Development
• And we developed via Dr.
• And so it was developing nutrition Guys based on the individual person.
• Almost $2 million a year, non-competitive.

Keywords: 965, house, all

Summary: The House Committee on Agriculture, Forestry, Aquaculture, and Rural Development met to approve the October 3, 2024 interim minutes and then took up two resolutions. HCR 205, by Representative Kerner, urged USDA to use its Commodity Procurement Program to purchase domestic Louisiana shrimp. Supporters said shrimpers are facing very low prices, full cold storage, and an urgent need for federal purchases to stabilize the market and help local processors and fishermen. Commissioner Mike Strain explained that USDA commodity purchases can support schools, nursing homes, and food banks, and members discussed the need for cold storage, marketing, and better promotion of local seafood. The resolution was reported favorably without objection. The committee also considered HCR 188, which memorializes Congress to oppose any federal farm bill language that could negatively affect the use of hunting dogs; members said the provision had raised concerns about field trials, scent hounds, and hunting practices, and the resolution was also reported favorably without objection. The committee then received a presentation from Southern University Ag Center and College of Agriculture leadership, led by interim president and chancellor Orlando McMeans and Executive Vice Chancellor Calvin Walker. They outlined the center’s research, teaching, and extension work, including medicinal cannabis research, beef cattle and smart ranching, viticulture, aquaculture, precision agriculture, food and nutrition, and support for small farmers and K-12 dual enrollment. They highlighted scholarship and enrollment programs, including USDA-supported 1890 scholars and JAG Stars, as well as partnerships with LSU and USDA. They also described major facility projects, including a high-tech meat processing facility, research labs, a vineyard, and a proposed 1,300-bed disaster shelter/mega shelter at the experiment station. Members asked questions about meat-cutting and processing training, cattle genetics, and the shelter’s use when not needed for disasters. Southern officials said the new processing facility is intended to support training and workforce development, and that the shelter could also be used for events such as weddings, graduations, and agricultural activities. The committee expressed appreciation for the presentation and the work of the Ag Center. Representative Broussard then moved to adjourn, and the committee adjourned.

Transcript Highlights:

• These are measures that are developed by the National Committee for Quality Assurance or Ncqa.
• This is also a standardized tool that was developed by the agency for Healthcare Research and Quality
• But over time, the dental Quality alliance has developed and tested additional them.
• This is where the agency with holds 2% of the plans competition rate annually for MMA.
• And we have some focus areas and of projects being developed, really focused on improving data sharing

Transcript Highlights:

• Senate Bill 1612 will help financial institutions be more efficient and competitive with their federal
• Senate Bill 1612 will help financial institutions be more efficient and competitive with their federal
• Mitigation, as we understand it, provides an opportunity for development to impact wetlands as long as
• I guess it's not really a question of sort of leaving the debate, but on the development side, you're
• If I'm going to lay and co-locate utilities and doing improvements on a development, you know, I'm on

Summary: The Appropriations Committee on Agriculture, Environment, and General Government heard and advanced a large slate of bills, beginning with SB 978, which directs DEP to report on large sewage disposal facilities, rank them for wastewater treatment upgrades, and provide progress reports; it was reported favorably without public opposition. The committee also adopted an amendment and favorably reported SB 1388, which restricts vessel safety inspections without probable cause, creates a five-year safety decal, addresses spring protection zones, and bars FWC fishing licenses for commercial vessels owned by alien powers. Members raised some questions about spring protections and boating access, and one public witness urged further review of the spring-zone language. The committee then favorably reported SB 880, designating the American flamingo as state bird and the Florida scrub jay as state songbird, after testimony supporting both birds as symbols of Florida’s identity and conservation values. Several other measures were heard and passed. SB 830, dealing with lost or abandoned migrant vessels and aligning with House language, was amended and reported favorably. SB 1326, which requires local plans to maintain hurricane evacuation clearance times and allocates building permits in Monroe County and nearby municipalities, was amended to spread allocations over at least 10 years and then passed. SB 490, expanding off-duty concealed carry eligibility to correctional officers and correctional probation officers and exempting certain public safety personnel from the waiting period for rifles and shotguns, was reported favorably after support from the Florida PBA. SB 26, an uncontested claim bill for injuries from a 2022 crash, also passed, with one member suggesting future consideration of health insurance coverage for victims in similar cases. The committee additionally approved SB 98 on securities regulation and fingerprinting requirements, SB 1212 on firefighter health and safety, SB 196 on labeling food and cosmetics that contain vaccine materials or certain chemicals, SB 1300 restricting oil and gas drilling structures in sensitive areas, SB 1612 on financial institution assessment and stock offering timelines, and SB 492 on mitigation banking and wetland conservation easements. SB 1212 drew strong support from firefighters, while SB 492 drew both support and opposition from environmental and development interests, with concerns raised about wetland function, credit release timing, and conservation easement releases. Finally, the committee unanimously recommended confirmation of 12 appointees to water management district governing boards and adjourned after members recorded individual votes on selected bills.

Transcript Highlights:

• Those are the districts that that undertake the project development and delivery and maintenance of our
• Budget and it is not a guarantee that projects will be built, but it serves as a guide for the development
• Not including our routine maintenance or our project development costs.
• We also developed a new distribution process where plates could be ordered, tracked, and and inventory
• We've developed this new inventory management system so that it interfaces with our other systems at

Keywords: 1184, house, all

Transcript Highlights:

• One is the CTE center credit, and then the research and development tax credit.
• One is the CTE center credit, and then the research and development tax credit.
• > industry<00:30:22.799> sectors development across 18 industry sectors development across
• I am a business development manager over at BEA.
• I am a business development Liberty.

Keywords: 928, house, all

Summary: The committee met to review tax expenditures, elect a chair and clerk, and hear updates on two credits due for periodic review: the career and technical education (CTE) center tax credit and the research and development (R&D) tax credit. Members first organized the meeting, then heard from Jennifer Ramsey of DRA, who explained the purpose of the tax expenditure review process and summarized the CTE and R&D credits. She said the CTE credit allows donations to CTE centers for a credit against business profits tax, is capped at 25% of a taxpayer’s liability, has a $500,000 aggregate limit, and was extended in SB 98 to fiscal year 2031. She also noted DRA could not provide detailed financial data because of statistical disclosure limits when too few taxpayers claim the credit. Committee members pressed for more historical and aggregate information, arguing they needed numbers to judge whether the credit is effective and worth continuing. The committee then heard from Chrissy Vanderhook of the Department of Education on the CTE credit. She described New Hampshire’s CTE system as serving 26 secondary centers and seven post-secondary centers, with industry partners providing internships, work-based learning, equipment, employee time, and other in-kind support that can qualify for the credit. She said the department reports annually to legislative leaders and that fiscal year 2025 credit activity was down about 48% from FY24, partly due to staffing changes and outreach issues. Members asked whether the program extends to community college-level programs, and she said it can, though she was not sure how broadly it is used that way. The committee also discussed a new Granite Patron of the Arts credit, which DRA said went into effect July 1 and is included in the tax expenditure report even though it is not yet listed in the statute. For the R&D credit, Ramsey explained that it offsets business profits tax and can carry forward to business enterprise tax, is based on incremental research spending, and currently has a $7 million annual aggregate cap. She said the cap has not yet been reached but could require proration as early as fiscal year 2026 if not increased. She noted there were 271 taxpayers claiming the credit in fiscal 2024 and that a proposal last session to raise the cap to $10 million and increase the per-company limit did not advance. Mark Liberty of BEA said the credit is an important recruitment and retention tool, especially for life sciences, aerospace, defense, and advanced manufacturing, but acknowledged BEA does not track direct revenue return. Andrea Hchvaria of New Hampshire Life Sciences argued the R&D credit is critical for startups and cited growth in applicants from 71 in 2008 to 248 in 2024, with qualified wages rising substantially over that period. Committee members repeatedly asked for more objective economic-impact data, but DRA said it only tracks who claimed the credit and the amount claimed, not broader business outcomes.