Transcript Highlights:

• Originally, there was what was called the donut hole, where a member would pay a deductible, then 25%
• A standard plan design has a deductible, and then they're paying 25% until they hit the...
• A standard plan design has a deductible, and then they're paying 25% until they hit the out-of-pocket

Summary: The committee received an update from Grant Wallace on the rebid and possible decoupling of the state’s Medicare Advantage retiree coverage. He said the state is exploring splitting medical and pharmacy benefits for post-65 retirees, with UnitedHealthcare as the incumbent vendor, and that preliminary estimates suggested savings of about $100 to $200 per participant per month. He outlined the expected timeline for final CMS rate announcements in April 2026, with contract amendments likely to come before the committee in May or June after review by the EBD Advisory Commission and State Board of Finance. Representatives from Segal Consulting then reviewed the history and current structure of the Medicare Advantage prescription drug plan, explaining that the plan was adopted after a 2021 recommendation and launched in 2023 alongside the existing Med-Sup option. They said the Medicare Advantage option has produced substantial savings, including a lower monthly rate than the Med-Sup plan and about $40 million in savings from initial enrollment, while also restoring pharmacy benefits for some retirees. The presenters then explained recent federal changes under the Inflation Reduction Act, including major changes to Part D funding, the direct subsidy, and risk-score methodology, which they said have made risk adjustment much more important and are driving interest in separating medical and pharmacy contracts. In response to questions from senators, the presenters said the Medicare Advantage plan covers post-65 teacher and state employee retirees, including retirees from state agencies and K-12 public schools. They also explained that the new Part D structure has reduced out-of-pocket costs for members, with a $2,000 annual cap and lower average member spending to reach it, while shifting more cost to the plan. No votes were taken and no formal action was reported; the committee simply received the update and was told to expect further information after the April rate notice. The meeting adjourned with the committee scheduled to return on May 13.

Transcript Highlights:

• So it's not, they vary it on what the tax, the tax, because that's deductible is what it comes back to
• Then we also have the add-back for the 2.325 new and vacant FTE pool items that were deducted.
• Those are being added back, and then right below those add-backs are the deductions for the 2.5, 2.7

Keywords: 908, all

Summary: The House Appropriations Government Operations Division met to consider House amendments to Senate Bill 2001, the budget for the Legislative Council and Legislative Assembly. Representative Meyer and Legislative Council staff reviewed the House changes, which included higher lodging funding tied to a prior bill, an increase for North Dakota legislators’ forum dues, a transfer of $290,000 for public printing from the Secretary of State to Legislative Council, a $650,000 reduction tied to the nuclear energy study because that funding was already provided elsewhere, and a new section allowing legislative space on the 15th floor of the Capitol to be used for additional Legislative Council employees. John Bjornson explained the 15th-floor space proposal and said staff would work with Facility Management and CTE to address relocation needs and timing, with CTE’s move potentially delayed until after its busy school-year period if necessary. The committee then reviewed the Senate version of the bill in more detail. Staff walked through the Legislative Assembly budget items, including per diem and compensation adjustments, lodging and mileage estimates, IT and audio/video funding, and dues increases for national and state legislative organizations. Members asked about mileage assumptions and the emergency clause, and staff said the emergency language is standard and allows flexibility for transfers, carryovers, and other budget actions. The committee also reviewed the Legislative Council budget, including funding for 25 new FTEs, interim travel, IT costs, professional services, public printing, and one-time items such as equipment and term limits consulting, while the advanced nuclear energy consulting item was removed in the House version. After discussion, the committee adopted the House amendment to Senate Bill 2001 and then voted to do pass the bill as amended. Both motions passed on roll call, and the amended bill was sent to the full Appropriations Committee. Near the end of the meeting, Representative Paula gave notice that she would bring a separate amendment later on the Industrial Commission budget related to homelessness grant funding, noting it would not use SIF or general fund dollars.

Transcript Highlights:

• So the insurance piece, um, many of our members shared that the deductible would be too high to make
• So the insurance piece, um, many of our members shared that the deductible would be too high to make
• So the insurance piece, um, many of our members shared that the deductible would be too high to make
• So the insurance piece, um, many of our members shared that the deductible would be too high to make
• So the insurance piece, um, many of our members shared that the deductible would be too high to make

Keywords: 1183, house

Transcript Highlights:

• With a less expensive premium, but generally with a higher deductible or more cost sharing, and that
• you go on to MNsure and you pick a silver or a bronze plan, you kind of look at what the annual deductible
• you go on to MNsure and you pick a silver or a bronze plan, you kind of look at what the annual deductible
• <01:02:46.480> and<01:02:46.640> out<01:02:46.799> of absent any deductibles
• and out of absent any deductibles and out of pockets<01:02:47.359> if<01:02:47.480> for

Keywords: 1183, house

Transcript Highlights:

• you might might have a small deductible you might might have a small deductible but<00:03:08.879
• <00:03:17.480> but met a fairly modest uh um deductible but met a fairly modest uh um deductible
• I could get a Medicare Supplement Plan with a $257 outpatient deductible, a $1,600 hospital deductible
• $1600 $257 uh outpatient deductible $1600 Hospital<00:04:45.039> deductible<00:04:46.000>
• after<00:04:46.199> that Hospital deductible after that Hospital deductible after that everything

Bills: HF2335, HF2400, HF2401, HF2522

Keywords: Medicare, health insurance, supplement policies, preexisting conditions, medical assistance, premium classification, real estate, appraisers, disciplinary actions, sanction matrix, Minnesota Statutes, continuing education, out-of-state, licensing, commerce, fraud prevention, automobile theft, law enforcement, insurance crimes, 1183

Transcript Highlights:

• It increases the maximum annual deduction for contributions to and maximum account levels for individual
• okay the chair just has a question<00:07:33.120> for How much should the maximum annual deductions
• However, if we look at the Roth IRA, the maximum deduction is $7,000, so if it was a Roth IRA and can

Keywords: 912, senate, all

Summary: The Senate Committee on Housing heard three bills. HB 1428 would appropriate funds for HHFC to distribute to HUD-certified housing counseling agencies and require a report to the Legislature. Testimony was uniformly supportive, including HHFC, the County of Hawaii Office of Housing and Community Development, and individual testifiers who said housing counseling, financial education, and one-on-one guidance can help keep residents housed. In response to a question, HHFC said there are five certified agencies in the state and requested $1.5 million for one year, noting uncertainty around federal funding. The chair recommended passage with amendments, and the committee adopted the recommendation unanimously. HB 833 would create a five-year Community Land Trust Equity pilot program through HHFC, using Dwelling Unit Revolving Fund money to provide lines of credit for acquisition, rehabilitation, renovation, or construction of housing for certain households. Multiple organizations and individuals testified in support. HHFC said the needed funding depends on the size of the pilot and estimated that 50 homes at $500,000 each would require about $25 million; members discussed how the funds would revolve as loans are repaid. The chair recommended passage with amendments, including replacing the income restriction with qualified residents under HRS 20-32 and prioritizing applications requiring the lowest funds per unit per year. The recommendation was adopted. HB 286 would increase the maximum annual deduction and account limits for Individual Housing Accounts. The Department of Taxation testified, with support also noted from the Maui Chamber of Commerce and several individuals, and one individual in opposition. In response to questions, DOTAX said the change would likely have limited impact because fewer than 100 IHAs have been reported and suggested the deduction would need to be above the Roth IRA limit to matter. The chair recommended passage with technical amendments and reported the proposed limits as $10,000 for single filers and $20,000 for married filing jointly. The committee adopted the recommendation, and the hearing adjourned.

Transcript Highlights:

• . deductibles. deductibles.
• , deductibles, deductibles, uh<01:04:12.800> and<01:04:13.160> are<01:04:13.240> seeing
• percentage after you meet the deductible.
• .<01:07:11.280> We're<01:07:11.400> just deductibles.
• We're just deductibles. We're just Yeah,<01:07:12.720> right.

Bills: HF3766, HF3972, HF3437, HF4118

Keywords: travel insurance, regulation, insurance licensing, consumer protection, travel assistance, short-term rental, vacation rental, home sharing, rental marketplace, online platform, property damage guarantee, damage waiver, reimbursement insurance, insurance regulation, commerce department, platform user, Airbnb, Vrbo, host protection, rental home marketplace

Transcript Highlights:

• So as Representative Greenman said, tax expenditures, tax credits, and tax deductions are examples of
• bought by airlines, the $61 million state sales tax deduction for telecom equipment bought by telecom
• by telecom companies, the $275 million dividends received deduction, and the $123 million cost to the
• She said the conflict-of-interest issue is real. deduction for Telecom equipment bought deduction for
• received deduction which I still<00:27:42.399> don't<00:27:42.679> entirely<00:27:43.600

Keywords: 1183, house

Transcript Highlights:

• Was it a tax deduction or a credit on the bottom line? How does that work?
• Uh, it's a tax deduction. Okay. Yeah. Thank you. Of up to $1,000 per overtime.
• bottom deduction or a credit on the bottom line?
• Uh it's a it's a<00:21:01.600> tax<00:21:02.400> uh<00:21:03.120> deduction.
• a tax uh deduction. a tax uh deduction. >> Okay.<00:21:04.400> Yeah.

Bills: HB527, HB563, HB580, HB579, SB190, HB15, HB390, HB527, HB563, HB580, HB579, SB190, HB15, HB390

Keywords: liability, off-roading, parks, participant safety, risk management, SNAP, food assistance, public assistance, income standards, Department of Human Resources, eligibility, HB580, Alabama Healthy Schools Act, public schools, K-12, school nutrition, school meals, cafeteria, vending machines, fundraising sales

Transcript Highlights:

• California, a health plan can charge $250 for an insulin co-pay, and that's after you've met your deductible
• If you haven't met your deductible, they charge the full price, which can be $1,000. ...they charge the
• They collect premiums and deductibles, then turn around and pass on the financial burden onto...
• They collect premiums and deductibles, then turn around and pass on the financial burden onto intended
• The deductibles are lower.

Summary: The Assembly Health Committee heard several bills focused on health care access, oversight, and affordability. The first major item was SB 306 by Senator Becker, a prior authorization reform bill. Becker and supporters, including the California Medical Association and California Hospital Association, argued that prior authorization delays care, adds administrative burden, and can lead to serious patient harm. The bill was substantially amended late in the process to have DMHC and CDI identify services and drugs to exempt from prior authorization based on utilization data, with safeguards for fraud, waste, abuse, and patient safety. Health plans and insurers opposed the measure as written, saying prior authorization remains an important utilization-management tool and raising concerns about the 90% threshold, drug inclusion, and how modifications are counted. The committee also heard SB 35 by Senator Umberg, which would let cities or counties inspect unlicensed sober living homes if DHCS does not act promptly on complaints. Supporters said the bill would address weak enforcement and protect residents, while one behavioral health directors group opposed it unless amended. Members generally supported the measure, citing problems with unlicensed facilities and the need for local enforcement backup. The committee then heard SB 62, which would codify California’s updated essential health benefits benchmark if approved by the federal government. Senator Wiener said the package would add hearing aids, durable medical equipment, and infertility treatment including IVF, acknowledging that premiums could rise but arguing the benefits were worth it. Health Access California and other advocates supported the bill, while the California Family Council opposed it. The committee also took up SB 596 by Senator Menjivar, which would tighten the rules for hospitals claiming an on-call list as a defense to nurse staffing ratio penalties. Supporters, including nurses and SEIU, said hospitals have used vague or ineffective on-call practices to avoid accountability and that the bill would improve enforcement and patient safety. Hospital groups opposed it, arguing that staffing is highly dynamic, that hospitals need flexibility to manage acuity and emergencies, and that the bill could increase costs and interfere with collective bargaining arrangements. Finally, the committee heard SB 40 by Senator Wiener, the Insulin Affordability Act, which would cap insulin copays at $35 for a 30-day supply and restrict step therapy unless a plan covers at least one insulin in each drug type. Supporters, including physicians, diabetes advocates, nurses, students, and patient groups, said insulin is life-saving and too often unaffordable, forcing patients to ration or choose between medication and basic needs. There was no formal opposition testimony, though one member questioned why insulin remains so expensive. The committee also began discussion of SB 363, but the transcript cuts off before that bill’s full presentation or any action on the measures. No votes are recorded in the portion provided, and several bills were noted as consent items earlier in the hearing.

Transcript Highlights:

• In Minnesota, the requirement is tied basically to the standard deduction amount.
• <00:53:29.440> So<00:53:29.840> you to the standard deduction amount.
• So you to the standard deduction amount.
• :53:34.600> the<00:53:34.720> state<00:53:35.200> standard<00:53:35.600> deduction
• above the state standard deduction above the state standard deduction amount<00:53:36.160> for

Keywords: 1183, house

Transcript Highlights:

• You get a limited amount of losses that you can deduct each year, and this is part of those.
• Basically, if you sell your house and you have a capital gain on it, you can deduct the first $250,000
• We do adopt that similar deduction, yes. Okay, Mr.
• But what might be a more appropriate methodology for setting the right deduction amount?
• I would be happy to work with the sponsor on updating the deduction amount.

Bills: SB1090, SB1293, SB1414, SB1429, SB1503, SB1536, SB1633, SB1724, SB1764

Keywords: savings and loan, technical correction, Arizona Revised Statutes, financial institutions, prohibitions, GPLET, abatement, tax incentives, local government, property improvement, central business district, insurance, settlement demands, time limits, third-party claims, regulatory compliance, initiative, referendum, ballot measures, petition circulators

Summary: The committee first approved the February 2, 2026 minutes and held Senate Bill 1090. It then heard Senate Bill 1503, which would require pension fiduciaries and proxy advisory firms to act solely in the economic interest of plan participants and beneficiaries, prohibit ESG- or ideology-based voting, require disclosures and economic analyses in certain cases, and authorize attorney general enforcement. The sponsor said the bill was meant to protect investors and align with federal action. Testimony was mixed: a policy witness supported the bill, while representatives of ASRS and PSPRS said they were neutral but raised concerns about added costs, operational burdens, reporting requirements, possible conflicts with existing fiduciary duties, and increased litigation risk. After debate, the committee voted 4-3 to give SB 1503 a do-pass recommendation. The committee then considered Senate Bill 1293, which would prohibit GPLET school-district revenues from being abated during the eight-year abatement period. Supporters argued the bill would protect school funding and reduce state aid backfill costs, and a Goldwater Institute witness said it would also reduce gift-clause concerns by limiting subsidies that shift costs to other taxpayers. City and economic development representatives from Phoenix, Mesa, and the Greater Phoenix Economic Council opposed the bill, saying GPLET is an important redevelopment tool that helps finance projects in urban cores and that the change would reduce its effectiveness and slow revitalization. The committee adopted an amendment and then passed SB 1293 on a 4-3 vote. Next, the committee heard Senate Bill 1414, which gives insurers 30 days to review and respond to third-party settlement demands in bodily injury claims. Insurance representatives supported the bill as a commercially reasonable timeframe, while the Arizona Trial Lawyers Association opposed it, arguing that 30 days would become a minimum and could delay settlements for injured claimants; members discussed a possible 15-day compromise. The committee passed SB 1414 by a 5-2 vote. It also passed Senate Bill 1633, which creates an income tax subtraction for capital gains from the sale of a primary residence after a five-year residency; opponents warned it would mainly benefit wealthy homeowners and cost the state tens of millions annually, while the sponsor said it could help housing turnover. Finally, the committee passed SB 1429, as amended, allowing Senate and House leaders to designate board members for the Arizona Commerce Authority, SB 1536, which lets municipalities consolidate multiple street-light improvement districts, and heard SB 1724, which clarifies when property splits or consolidations trigger a limited property value recalculation to prevent tax-base manipulation.

Transcript Highlights:

• punishing provisions of the federal tax code known as 280E, which prevents cannabis businesses from deducting
• expenses from revenue, which prevents cannabis businesses from deducting expenses from revenue other
• punishing provisions of the federal tax code known as 280E, which prevents cannabis businesses from deducting
• expenses from revenue, which prevents cannabis businesses from deducting expenses from revenue other
• They are unable to deduct even less of their expenses on their federal tax returns, so adding another

Keywords: 995, all

Summary: The Joint Committee on Cannabis held a hearing on a package of cannabis bills focused on equity funding, delivery expansion, advertising restrictions, medical use, first responders, and ownership limits. Testimony strongly supported S. 87/H. 184 to direct a larger share of cannabis revenue into the Cannabis Social Equity Trust Fund and related equity programs, with speakers arguing the current funding is insufficient and that automatic transfers would better support businesses and communities harmed by the war on drugs. Several witnesses also backed H. 145/S. 89 to allow licensed cannabis delivery into municipalities that ban retail sales and to hotels, saying current rules unfairly limit social equity delivery operators and consumer access. There was also support for H. 176 on medical cannabis eligibility and S. 76 on cannabis use by first responders, while H. 177/H. 178 on new taxes drew opposition from several business owners who said the industry is already heavily burdened and overtaxed. A major point of debate was S. 94/H. 157, which would prohibit billboard advertising for non-prescription marijuana. Public health advocates, parents, and neuroscientists argued that cannabis billboards normalize use, are seen by youth, and are difficult to regulate effectively under the current 85% adult-audience standard. They urged a public health approach similar to tobacco restrictions. In contrast, several industry witnesses opposed further advertising limits, saying cannabis businesses already face strict marketing rules, billboards are privately owned, and additional restrictions would hurt small operators and raise First Amendment concerns. Some witnesses also criticized the proposed increase in ownership caps and consolidation provisions in the broader cannabis bill, warning they would favor large multistate companies over small and social equity businesses. Committee members asked questions about billboard ownership, enforcement of the current advertising rules, and the legal basis for restricting sign content. Witnesses and members also discussed the Cannabis Control Commission’s role, the difficulty of enforcing audience-composition standards, and whether delivery should be treated more like alcohol. No votes were taken during the hearing, and the chair noted that written testimony would continue to be accepted.

Transcript Highlights:

• for the state museums, all donations to the state museums are going for a public good. are tax-deductible
• We do not provide tax-deductible appraisals.
• that the individual has to acquire before the item is donated, but we are able to provide the tax deduction
• Private museums, provided they are a 501(c)(3) or another type of tax-deductible organization, can also
• Then you are able to deduct that from your taxes. Thank you. I really appreciate it.

Transcript Highlights:

• bill to include medically necessary breast screening tests and no cost share for co-payments and deductibles
• And deductibles. Currently, only the initial mammogram is covered.
• follow under the regular mammogram screening, and their maximum, if they're an individual, your deductible
• that these services are covered, but we're just saying here, we've got to cover the co-pay and the deductible
• that these services are covered, but we're just saying here, we've got to cover the co-pay and the deductible

Keywords: 908, all

Summary: The Senate opened with prayer, the Pledge of Allegiance, and a quorum call showing 46 members present. It then took up multiple House messages and amendments, appointing conference committees on several measures, including SB 2007, SCR 4007, SB 2374, SB 233, and House bills 1029, 1218, and 1022. The chamber also considered a series of House bills on the sixth and 14th orders, often adopting committee amendments before final passage or, in some cases, rejecting the bill outright. Among the major policy items, the Senate passed HB 1524 on regional planning council grants, HB 1143 increasing a food bank appropriation to $10 million, HB 1126 modernizing cosmetology licensing and inspections, HB 1542 making student applications for admission exempt records, HB 1613 regulating law enforcement use of robots, HB 1582 directing a study on false reports and accusations, HB 1214 revising school transportation funding, HB 1448 creating a study on advanced technologies, HB 1280 on drainage project voting rules, HB 1499 protecting records related to federal judges, and several Senate bills returned from the House, including SB 2221, SB 2117, SB 2198, SB 2120, and SB 2214. The Senate also adopted amendments to HB 1541 on septic systems before rejecting it on final passage. Several high-profile bills failed after debate. HB 1566, dealing with kratom regulation, saw an amendment to convert it to a study fail on a 21-25 vote, after which the chamber laid the bill over for one legislative day rather than take final action. HB 1283, which would have eliminated cost-sharing for diagnostic and supplemental breast exams in the state employee plan, was defeated 22-24 after extensive debate over cost, precedent, and insurance impacts. HB 1527, requiring Holocaust education in statute, also failed 22-24, with supporters emphasizing the importance of the subject and opponents arguing curriculum belongs in standards rather than statute. The Senate adjourned after announcements, scheduling its next meeting for Monday, April 14, 2025.

Transcript Highlights:

• Section H is the state central services deduction request. This is for '27.
• The CFO requests maintaining the deduction on general and special revenues that fund those agencies supported
• Arkansas Code requires the CFO to determine the appropriate percentage deduction between 2 and 3% and
• The letter notes the deduction has been included in the official forecast and provides sufficient funding

Summary: The committee met to review a large slate of fiscal year 2026 and 2027 appropriation, transfer, and continuation requests across multiple sections. Early items included temporary appropriations for agencies such as Health, DHS, Education, Public Safety, State Police, Emergency Management, Aeronautics, Military, Economic Development, and Game and Fish, covering items like maternal health outreach, energy assistance repayments, Wynne High School tornado rebuilding, senior food services, cybersecurity, crime victim reparations, aviation grants, conservation incentives, and emergency tower maintenance. Members asked questions on several items, including DHS aging carry-forward funds and Treasury custodial banking fees tied to COVID-era balances; the committee also approved a disclosure by the chair on the Game and Fish-related item before voting to approve the section. The committee then approved continuation requests, CARES Act and ARPA reallocations, and federal grant appropriations. Notable discussion included the Boonville developmental disability project, ALIGN program reallocations at several universities, a small business technical assistance grant at UA Little Rock, and a Department of Public Safety highway safety grant, for which members requested more detail on operating expenses and professional fees. Additional approvals covered a transfer to the Merit Teacher Incentive program, restricted reserve fund transfers for military medical command and university projects, and a state central services deduction held at 2%. The Department of Commerce also received approval for a reallocation of positions and spending authority tied to its organizational realignment. Later sections included shared technology and higher education transfers, cash fund appropriations for school Medicaid reimbursements, corrections, youth mental health, narcotics detection canines, bike safety equipment, a state motor pool pilot, and law enforcement safety costs. The committee also reviewed budget classification transfers, including a Governor’s Office legal fee transfer related to a California lawsuit, and heard explanations about E-Rate reimbursements affecting the Office of State Technology. Members asked about VOCA funding levels for crime victim services and about the National Security Grant Program for nonprofits and faith-based organizations; officials said federal funding had declined from prior highs but appeared to have stabilized, and that the nonprofit security grant is an annual federal program. The meeting concluded with review of pay plan requests, DHS overtime funding for child protection caseloads, and a year-end adjustment request allowing DFA to make up to $1 million in transfers to close the books, after which the committee adjourned.

Transcript Highlights:

• of income tax rate, but nobody in Oklahoma pays that income tax rate because we have a standard deduction
• So with that standard deduction, if it's if it's if our income tax rate is at 4.5%, you apply the standard
• deduction and You don't pay the 4.5%.
• And that's what we've allowed for standard deduction on income Taxes in Oklahoma, you, Mr.

Bills: SB2102, SB1940, SB1625, SB1442, SB1623, SB1242, SB1949, SB1592, SB1913, SB592, SB992, SB1241, SB259, SB1928, SB1426, SB1531, SB1561, SB1122

Keywords: credit card fees, merchant discounts, payment card network, interchange fees, transparency in fees, Oklahoma law, payment card, rebate, merchant, tax compliance, health insurance, mandate, impact analysis, insurance department, public health, access to healthcare, SB1442, alcoholic beverage control, ABLE Commission, liquor license fees

Transcript Highlights:

• revenue is to a peak of $465.5 million in '24 was partly due to those phase-outs of the federal deductions
• , where you had fewer deductions, also due to higher energy prices.
• folks are filing their tax returns this spring, they're going to calculate a 65% Social Security deduction
• That offsets the Social Security deduction that's going to come in place.

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present and first approved the minutes from the January 15 morning meeting. The main agenda item was the Department of Revenue’s budget and revenue presentation from Secretary Eric Nelson, Deputy Secretary Peter Shirley, and Deputy Secretary Mark Mucco. Nelson said the state remains double-A rated with a positive outlook, the budget includes a 5% personal income tax reduction, and the 2027 general revenue estimate is $5.493 billion, up $170 million from the prior year. Shirley gave an economic overview, saying West Virginia is forecast to see continued but slowing employment growth, continued wage growth, gains in private education/health services and business services, declines in some sectors, improving labor force participation relative to the nation, and strong recent net in-migration. He also noted continued growth in natural gas production and a modest rebound in coal production, though coal faces longer-term demand pressure. Mucco reviewed revenue trends and said 2025 collections were about $5.5 billion, below the prior year but above estimate, with personal income tax and sales tax driving the surplus. He explained that the forecast incorporates the 5% PIT cut and annual conformity to the federal One Big Beautiful Bill Act, including changes such as Section 179 expensing, bonus depreciation, R&D expensing, business interest deductions, and a new manufacturing facility expensing provision. He also discussed the effects of tax credits, severance tax volatility, declining tobacco revenues, and health care provider tax changes tied to federal Medicaid rules. He said road fund revenues are largely flat absent policy changes, and county commission revenues are growing faster than state revenues. Members asked about when new economic development projects like NewCore would appear in the projections, how much 20,000 new jobs would matter, whether the department had a calculator for job-growth impacts, the status of recent tax cuts, road fund growth, tobacco/vape taxation, and whether migration data could be broken down by county. The witnesses said major projects are not yet in the S&P-based forecast but would likely add jobs, wages, and tax revenue over time; they estimated 20,000 jobs would be a significant increase. They also said the state is unlikely to hit the current personal income tax trigger in the near term. No substantive votes were taken beyond approving the minutes, and the committee adjourned after a motion carried by voice vote.

Transcript Highlights:

• paying it directly or actually deducting paying it directly or actually deducting it<01:57:26.280
• I'm still going to be looking at high deductibles, high out-of-pocket costs.
• I'm still going to be looking at high deductibles, high out-of-pocket costs, coverage.
• Those plans are going to have out-of-pocket maximums, deductibles, co-pays, and co-insurance.
• Maxes you're going to have deductibles Maxes you're going to have deductibles co-pays<04:51:37.600>

Keywords: 928, house, all

Summary: The committee first heard testimony on House Bill 437, which would change New Hampshire law on undischarged mortgages by creating a shorter period after which certain old mortgages would be treated as unenforceable. Prime sponsor Representative Bill Boyd said the bill was developed with input from bankers, lawyers, realtors, the Attorney General’s office, and the Banking Department, and he noted a drafting correction needed on line 18. He explained that the proposal would replace current law with a new framework modeled partly on Massachusetts, including a five-year expiration after a stated maturity date and a 35-year period for mortgages without an expiration date. Supporters said the bill would help clear obsolete title defects, reduce costly quiet-title litigation, and make real estate transactions easier for consumers, attorneys, and conveyancers. Representative Mary Hakken-Phillips, Susan Cole of the New Hampshire Association of Realtors, and Michelle Coffin all testified in support, describing the bill as a consumer protection measure. They said undischarged or improperly discharged mortgages often surface during title searches, causing delays, legal expenses, and failed or delayed closings. Coffin and Hakken-Phillips emphasized that many of these cases involve old, effectively obsolete mortgages and that the current process often requires expensive court action even when no one contests the title. Cole described a recent transaction in which a title defect caused a buyer to walk away and later restart the financing process, creating costs for both buyer and seller. A committee member asked about notice to mortgage holders; the response was that the lender bears responsibility for recording and extending the mortgage, and that due process rights would remain if a lender later contested the discharge. Ryan Hill of the New Hampshire Bankers Association said the banking industry had reviewed the bill and was generally comfortable with it, while requesting a delayed effective date so members would have time to adjust their recording practices. He said the bill’s January 1, 2028 effective date reflected that request. After closing the hearing on HB 437, the committee opened a hearing on House Bill 721, the Gold and Silver Legal Tender Act. Representative Juliet Harvey-Bolia introduced it as a bipartisan economic justice bill intended to recognize gold and silver as legal tender, protect against inflation, and address concerns about trust, taxes, and government taking. She argued that gold is a stable store of value and discussed tax treatment in neighboring states, federal history, and digital gold platforms. The hearing on HB 721 was still in progress when the transcript ended, with the chair limiting questions because of time.

Transcript Highlights:

• Generally, premiums are shared between employers and employees, and employers may deduct up to 0.44%
• So the employer can take that deduction.
• up to 0.44% from employers may deduct up to 0.44% from employee<00:07:59.919> paychecks.
• <00:08:27.440> To employer can take that deduction. To employer can take that deduction.
• <01:23:51.840> business those uh taxes are deductible business those uh taxes are deductible

Keywords: 1187, senate, all