Transcript Highlights:

• It actually does contain nominally foreign-source income in the context of subpart F income.
• was going to essentially move to a worldwide combined reporting concept in order to deal with transactions
• was going to essentially move to a worldwide combined reporting concept in order to deal with transactions
• anyone else how you're structured and what the benefits are going back and forth and what your transactions
• are, intercompany transactions are.

Transcript Highlights:

• So, in this case, we're now saying, okay, well, let's at least get these people to register, pay a nominal
• But the interesting is that if I understand correctly, that is the receipts for the transaction that
• But the interesting is that if I understand correctly, that is the receipts for the transaction that
• </c><00:22:18.000><c> that</c><00:22:18.240><c> you're</c> receipts for the transaction that you're receipts
• for the transaction that you're supposed<00:22:18.720><c> to</c><00:22:18.880><c> keep</c><00:22:19.039

Summary: The committee first took up several liquor-related bills. Senate Bill 24, allowing students under 21 to taste wine in educational settings, drew no opposition or amendment and was reported out 6-0. Senate Bill 79, authorizing self-pour automated systems under the liquor commission, also faced no opposition and was voted ought to pass 6-0. Senate Bill 80, shifting licensing, auditing, and enforcement for wholesale and retail e-cigarette sales to the liquor commission, prompted discussion about whether the change would add cost; members heard that the liquor commission already handles similar enforcement and that the change was meant to address nonreporting. It was voted ought to pass 6-0. The committee then discussed Senate Bill 87, concerning alcohol service in salons, barbershops, and spas. Members and staff focused on how to limit the amount served, whether to require recordkeeping, and privacy concerns about tracking what patrons drank. The discussion settled on removing references to alcohol type and quantity and keeping only patron records, with the understanding that the agency would set the details by rule. The bill was not formally amended at the meeting, but members agreed an amendment would be drafted for the following week; the bill itself was reported ought to pass with that amendment to be determined. Finally, the committee heard testimony on Senate Bill 245, the EMS No Surprises Act and System Stabilization Act. The sponsor, Senator Suprena, said the bill would prohibit balance billing for emergency ambulance calls and unscheduled transfers, while setting reimbursement at either locally set public rates or 325% of Medicare. She explained that the proposal was based on national work on ground ambulance billing and was intended to stabilize struggling EMS providers. Committee members sought clarification that the bill did not eliminate balance billing for non-emergency transfers, and the sponsor confirmed it did not. A second witness, Jerry Stringham, testified in support, citing his reimbursement background.

Transcript Highlights:

• And one final question: Can you think of any other instance in the past of a financial transaction of
• Somewhere along the line, we have a nomination we're going to have to consider as well.

Bills: HB3044 , HB3465 , HB3625 , HB3704 , HB3759 , HB3920 , HB3972 , HB4191 , HB4311 , HB4426

Committee: Senate Revenue and Taxation

Summary: The Senate Revenue and Taxation Committee considered several House bills dealing with tax credits, fee changes, school funding, and investment authority. House Bill 4426 extended the sunset on the SIDE tax credit to December 31, 2032, and passed 7-2. House Bill 3704 elected Oklahoma into the federal income tax credit for contributions to scholarship-granting organizations and passed 9-2. House Bill 4311 raised the unclaimed property division’s administrative fee from 4% to 6% to cover increased duties and costs; it passed 8-3 after debate over whether the increase was justified. House Bill 3044 reauthorized the veterans income tax checkoff and the associated capital improvement fund, and passed 10-0. House Bill 4191 revised the Smaller Employer Quality Jobs Act by lowering job thresholds, expanding qualifying locations and industries, and changing other eligibility rules; it passed 6-4. House Bill 3465 extended the emission tax credit sunset from July 1, 2027 to July 1, 2029 and passed 6-4, with opponents arguing it subsidized compliance with federal mandates. House Bill 3972, a title-off bill addressing ad valorem reimbursement issues tied to the state purchase of a prison, drew extensive debate over precedent and scope; an amendment to add a sunset failed 5-5, and the bill then passed 8-2 as amended.

Transcript Highlights:

• </c> nomination, you have to have consensus. nomination, you have to have consensus.
• 02:20:54.479><c> away</c><02:20:54.880><c> from</c> party transactions move money away from party transactions
• They are already being used to invest, transact, and store value.
• ,</c> already being used to invest, transact, already being used to invest, transact, and<04:32:05.840
• </c> transactions. So, the question, Mr. transactions. So, the question, Mr.

Transcript Highlights:

• The New Balance transaction we did just recently was a $70 million project.
• When I started at the BFA several years ago, our kind of big type transaction was $20 million.
• The New Balance transaction we did just recently was a $70 million project.
• The New Balance transaction we did just recently was a $70 million project.
• The New Balance transaction we did just recently was a $70 million project.

Committee: Senate Commerce

Transcript Highlights:

• The House is ready to transact business.
• and the entire Attorney General's office, we just want to commend you and all the others who were nominated
• for this award today for your nominated for this award today for your courage and for your bravery.
• Not just for the heroic act that got you nominated for this award, but for signing up to do this job
• House Bill number 382 with a substitute by Representative Ke, relating to real estate transactions.

Transcript Highlights:

• An act relating to clarifying consumer protections regarding unsolicited real estate transactions for
• everything after the enacting clause and insert the following: appraisal prior to the closing of the transaction
• everything after the enacting clause and insert the following: appraisal prior to the closing of the transaction
• An act relating to adjusting the price of a cash transaction to eliminate the need for pennies.
• So many of us do use credit or debit cards for transactions, but cash transactions still do happen, especially

Bills: SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2340 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2254 , HB2353 , HB2431 , HB2441 , SB5808 , SB5949 , HB2124 , HB1069 , HB2104 , HB2624 , SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2353 , HB2431 , SB5808 , SB5949 , HB2124 , HB2104 , HB2624 , HB2510 , HB1347 , HB1759 , HB1983 , HB2120 , HB2264 , HB2338 , HB2385 , HB2436 , HB2495 , HB2521 , HB2604 , HB2610 , HB2675

Keywords: tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects

Bills: SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2340 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2254 , HB2353 , HB2431 , HB2441 , SB5808 , SB5949 , HB2124 , HB1069 , HB2104 , HB2624 , SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2353 , HB2431 , SB5808 , SB5949 , HB2124 , HB2104 , HB2624 , HB2510 , HB1347 , HB1759 , HB1983 , HB2120 , HB2264 , HB2338 , HB2385 , HB2436 , HB2495 , HB2521 , HB2604 , HB2610 , HB2675

Keywords: tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects

Bills: SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2272 , HB2340 , HB2543 , HB2554 , HB2632 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2254 , HB2353 , HB2431 , HB2441 , SB5808 , SB5949 , SB6006 , SB6260 , SB6297 , SB6351 , SB6354 , SB6355 , HB2124 , HB1069 , HB2104 , HB2624

Keywords: tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects

Bills: SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2272 , HB2340 , HB2543 , HB2554 , HB2632 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2254 , HB2353 , HB2431 , HB2441 , SB5808 , SB5949 , SB6006 , SB6260 , SB6297 , SB6351 , SB6354 , SB6355 , HB2124 , HB1069 , HB2104 , HB2624

Keywords: tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects

Bills: SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2272 , HB2340 , HB2543 , HB2554 , HB2632 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2254 , HB2353 , HB2431 , HB2441 , SB5808 , SB5949 , SB6006 , SB6260 , SB6297 , SB6351 , SB6354 , SB6355 , HB2124 , HB1069 , HB2104 , HB2624

Keywords: tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects

Bills: SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2272 , HB2340 , HB2543 , HB2554 , HB2632 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2254 , HB2353 , HB2431 , HB2441 , SB5808 , SB5949 , SB6006 , SB6260 , SB6297 , SB6351 , SB6354 , SB6355 , HB2124 , HB1069 , HB2104 , HB2624

Keywords: tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects

Summary: The Senate considered and passed several House bills. Substitute House Bill 2152, known as Ryan’s Law, would allow limited medical cannabis use for qualifying end-of-life patients in hospitals, nursing homes, and hospice facilities; supporters said it would improve quality of life, and it passed 46-2. Engrossed Substitute House Bill 1604, dealing with search procedures for transgender and intersex individuals confined in local jails and codifying federal Prison Rape Elimination Act-related standards, drew debate over whether amendments were needed and whether the bill would burden or protect staff and inmates; two amendments were rejected, and the bill passed 30-19. Second Substitute House Bill 1906, as amended, increased transparency and consumer protections for water system rates, especially for older or smaller systems, and passed unanimously 49-0. Engrossed Substitute House Bill 1916 tightened voter registration challenge procedures and gave county auditors more discretion in handling challenges; an amendment to broaden who could challenge voters statewide was rejected, and the bill passed 49-0. Engrossed Substitute House Bill 2110, as amended, allowed registered nurses without EMT certification to staff certain inter-facility ambulance transports under specified conditions to reduce delays, and it also passed 49-0. The Senate also passed Second Substitute House Bill 2429, which extends and updates the Children and Youth Behavioral Health Work Group and aligns agency planning with the Washington Thriving Strategic Plan; a committee striker was adopted despite concerns about added government structure, and the bill passed 49-0. Second Substitute House Bill 2384, increasing oversight of continuing care retirement communities through actuarial review and Office of Insurance Commissioner oversight, passed 37-12 after the chamber rejected the committee striker and adopted a revised striking amendment. The session ended with a point of personal privilege from Senator Lovick and an adjournment motion, and the Senate adjourned until March 4, 2026.

Bills: SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2272 , HB2340 , HB2543 , HB2554 , HB2632 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2254 , HB2353 , HB2431 , HB2441 , SB5808 , SB5949 , SB6006 , SB6260 , SB6297 , SB6351 , SB6354 , SB6355 , HB2124 , HB1069 , HB2104 , HB2624

Keywords: tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects

Transcript Highlights:

• After taking a look at the bill, it makes the presumption that all transactions are going to trigger

Bills: HB1073 , HB1128 , HB1316 , HB1408 , HB1591 , HB1592 , HB1634 , HB1906 , HB1960 , HB2073 , HB2145 , HB2248 , HB2266 , HB2301 , HB2333 , HB2365 , HB2401 , HB2416 , HB2421 , HB2438 , HB2474 , HB2475 , HB2515 , HB2517 , HB2523 , HB2548 , HB2597 , HB2637 , HB2640 , HB2660 , HB2675 , HB2685 , HB2720 , HB1742 , HB2104 , HB2186 , HB2405 , HB2557 , HB2593 , HB2636

Committee: House Appropriations

Keywords: national guard, military support, defense, state security, veteran services, child care, workforce standards, education, child development, training requirements, postsecondary education, homelessness, foster youth, education access, support programs, community preservation, development authorities, funding, local governance, state resources

Transcript Highlights:

• of the request, simply a demonstration that credit could be provided if we arrive at terms and a nominal
• But in that in-person transaction, there's a lot of tacit knowledge about who the person is and where
• business and who should be able to use that single sign-on to represent the business in their transactions
• At this time, it is my understanding... ...the business in their transactions with the state.

Committee: Joint Public Utilities, Energy, and Technology Interim Committee

Transcript Highlights:

• bill helps us meet those goals by modestly increasing the state's fees, excise, or real estate transactions
• idea that, well, we're leaving a lot of money on the table because of all these huge commercial transactions
• generated is still $300 million a year, despite the slowdown in commercial real estate, because the transactions
• the program, requiring landowners to wait over two years to complete complex land conservation transactions
• had patients ration or not pick up their prescription medications because they cannot afford even nominal

Committee: Joint Joint Committee on Revenue

Summary: The hearing opened with remarks from the co-chairs explaining committee procedures, testimony limits, submission instructions, and the new deadlines for acting on House and Senate bills. The committee then heard testimony on several bills related to agriculture, land use, environment, housing, transportation, and taxation, with legislators often taken out of turn. No votes were taken during the hearing. The first major topic was H. 3206, a bill to allow fossil fuel-free 529 college savings plans to qualify for the state tax deduction if MEFA does not offer a comparable option. Representative Steve Owens said the bill would not force MEFA or Fidelity to change existing plans, but would create a definition for fossil fuel-free funds and extend the deduction to qualifying out-of-state plans. The committee also heard strong local testimony on a Belmont home-rule petition, H. 3970, to change tax treatment for the Belmont Country Club under Chapter 61B. Belmont residents and officials argued the private golf course receives an unfair tax break that shifts costs to other taxpayers, while Senator Brownsberger and Representative Rogers supported the measure as a way to help the town recover revenue. Committee members asked about town meeting support, the club’s lack of payment in lieu of taxes, and the size of the tax savings. The committee next heard testimony on a vehicle miles traveled tax proposal, S. 1925, from Senator Barrett and economists Gilbert Metcalf and Christopher Knittel. They argued that declining gas-tax revenue and rising fuel efficiency, especially with electric vehicles, require a more stable transportation funding source; they also said a VMT tax could be designed to be revenue-neutral and mildly progressive, though members raised concerns about administration, fairness, EV disincentives, and the possibility of annual tax shocks. The largest block of testimony focused on the Ahead Act, H. 3194/S. 1973, which would double the deed excise fee and dedicate the new revenue to affordable housing and climate adaptation. Supporters from MACDC, MAPC, FICC, Boston Climate Action Network, CLF, 350 Mass, CHAPA, and a tenant advocate said the bill could generate about $300 million annually for housing production, vouchers, weatherization, resilience, and environmental justice communities, and that it links two urgent crises with a stable funding stream. The committee also heard testimony on the Conservation Land Tax Credit bills, H. 3147/S. 2083, which would raise the annual cap on the credit from $2 million to $5 million for three years and then sunset back down. Conservation groups and a landowner said the program has conserved thousands of acres and that the higher cap would reduce delays and help meet state conservation goals. Finally, the committee took testimony on the Fairness for Farm Workers bills, S. 2011/H. 3107 and S. 2012, which would extend overtime, minimum wage, breaks, and paid time off protections to farm workers and include a refundable tax credit to help farmers offset overtime costs. Senator Gomez and advocates described the bills as overdue civil rights and public health measures, citing low wages, long hours, dangerous conditions, and the racial history behind farm labor exclusions. The hearing also included testimony on H. 3240, a bill to give municipalities a local option vacancy tax on chronically vacant shopping malls, with the sponsor arguing it would help towns address blight, encourage redevelopment, and potentially create housing and tax revenue.

Transcript Highlights:

• It actually does contain nominally foreign-source income in the context of subpart F income.
• was going to essentially move to a worldwide combined reporting concept in order to deal with transactions
• anyone else how you're structured and what the benefits are going back and forth and what your transactions
• are, intercompany transactions are.
• adjustments to that income or to your expenses and to support how you have these intercompany transactions

Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the Water’s Edge election versus worldwide combined reporting. Chairs opened by framing the issue as a review of whether current rules fairly and sufficiently tax foreign subsidiary income, given profit shifting concerns, budget pressures, and the long history since Water’s Edge was adopted in the 1980s. The first panel from the Legislative Analyst’s Office and Franchise Tax Board explained the mechanics of unitary taxation, apportionment, and the Water’s Edge election, and provided filing data showing Water’s Edge filers are a small share of returns but account for a large share of corporate tax liability. FTB witnesses said the agency already administers both methods and could handle a shift to mandatory worldwide reporting with education and outreach, though revenue estimates are difficult because foreign affiliate information is not directly available. Committee members asked about foreign government pushback, administrative burden, industries with more profit shifting, revenue uncertainty, and whether companies would leave California. LAO and FTB witnesses said pushback from foreign governments was plausible, but they did not expect major business flight because California’s tax is largely based on sales rather than physical presence. They also said worldwide reporting could reduce profit shifting but might increase revenue volatility and litigation risk. A second panel of academic and tax policy witnesses argued that Water’s Edge is a loophole that rewards aggressive tax planning, that worldwide combined reporting would better capture income tied to California, and that modern federal and international rules such as NCTI/GILTI, CAMT, and Pillar Two reduce compliance concerns and make a return to worldwide reporting more feasible. They also said California’s current system can create selection effects and may under-tax large multinationals. In the next panel, a California Budget and Policy Center witness urged eliminating the Water’s Edge election, calling it a costly loophole that benefits large global corporations over smaller domestic businesses and deprives the state of billions in revenue that could support health care and other services. A Silicon Valley Leadership Group witness gave historical context for why Water’s Edge was adopted and began outlining concerns about compliance, double taxation, and the risk of overreaching beyond income truly connected to California. No bill was voted on or advanced; the hearing was informational only, with members using the testimony to weigh the policy trade-offs and possible transition periods if the Legislature were to change the current rules.

Transcript Highlights:

• It actually does contain nominally foreign-source income in the context of subpart F income.
• was going to essentially move to a worldwide combined reporting concept in order to deal with transactions
• anyone else how you're structured and what the benefits are going back and forth and what your transactions
• are, intercompany transactions are.
• adjustments to that income or to your expenses and to support how you have these intercompany transactions

Transcript Highlights:

• It actually does contain nominally foreign-source income in the context of subpart F income.
• was going to essentially move to a worldwide combined reporting concept in order to deal with transactions
• anyone else how you're structured and what the benefits are going back and forth and what your transactions
• are, intercompany transactions are.
• adjustments to that income or to your expenses and to support how you have these intercompany transactions

Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the state’s water’s-edge election versus worldwide combined reporting. The LAO and Franchise Tax Board explained the basic mechanics of unitary taxation, apportionment, and how water’s-edge generally excludes most foreign subsidiaries while worldwide reporting includes the full unitary group. FTB officials said water’s-edge filers are a small share of corporate filers but account for a large share of tax liability, and they described filing trends, industry mix, and the administrative steps needed to administer either system. Members and witnesses debated the policy trade-offs. Supporters of moving away from water’s-edge argued that it enables profit shifting, especially for large multinational and IP-heavy firms, and that eliminating it could raise significant revenue and improve fairness for smaller domestic businesses. They cited estimates of billions in potential revenue and said California already has the audit and reporting infrastructure to handle worldwide reporting, though some transition time would be needed. Opponents argued that worldwide reporting would tax foreign activity unrelated to California, create double taxation, increase compliance burdens and litigation, and could be difficult for foreign-based multinationals to document. They also warned that some of the revenue estimates are highly uncertain because foreign affiliate income is not directly observable. Committee members asked about foreign government pushback, the risk of companies leaving California, the effect on intellectual property shifting, and whether federal or Supreme Court action could block a change. Witnesses generally said major firms would be unlikely to leave because California taxes sales rather than physical presence, but some costs could be passed on to consumers. The panel also discussed alternatives such as conforming to federal international tax rules like NCTI/GILTI and adding anti-abuse rules. No vote or bill action was taken; the hearing was informational only.

Transcript Highlights:

• HB 2938, mandatory routing method, cash transactions.
• 1664: An act amending Section 16-64, Arizona Revised Statutes, relating to signatures required on nomination
• Judiciary and Elections, having under consideration Senate Bill 1664 relating to signatures required on nomination
• 1664: An act amending Section 16-64, Arizona Revised Statutes, relating to signatures required on nomination
• 1664: An act amending Section 16-64, Arizona Revised Statutes, relating to signatures required on nomination

Summary: The Senate convened with prayer, the Pledge of Allegiance, roll call, guest introductions, and approval of the journal. The chamber then moved through several Committee of the Whole calendars, considering a large number of bills and resolutions, mostly on second reading or in committee-of-the-whole format. Most measures were advanced with do-pass recommendations, often after adopting committee or floor amendments. Among the early items, SB 1515 (Industrial Commission revisions), SB 1645 (Auditor General performance audit), SB 1678 (health facilities), and SCR 1023 (Independent Redistricting Commission changes) were debated and approved. SCR 1023 drew the most discussion, with supporters arguing it would add geographic diversity, expand the commission to three Democrats, three Republicans, and three independents, and tighten population deviation standards to 5,000 people; opponents warned it could skew the commission and reduce nonpartisanship. The Senate also adopted amendments and advanced SB 1399, SB 1507, SB 1564, SB 1621, SB 1629, and SB 1811, with topics including AHCCCS cost reports, school district consolidation, electronic monitoring in long-term care, obesity prevention, behavioral health network adequacy, and public-school internet/wireless device issues. Later calendars addressed elections, public safety, and criminal justice. The Senate advanced SB 1134 (political signs) with an emergency clause, SB 1489 (ballot measures and circulators) after removing certain paid-circulator disclosure requirements, and SB 1725 and SCR 1048 concerning marijuana smoke as a public/private nuisance, shifting much of the issue into civil law and leaving only substantial, deliberate conduct on the criminal side. In public safety, SB 1416 on missing and kidnapped children reporting was amended to require law-enforcement training every two years and documentation of online information-sharing decisions; senators clarified it did not alter the Turquoise Alert. SB 1751 and SCR 1049, both related to capital punishment, were amended to make firing squad an available option rather than a mandatory method in certain cases, with one senator speaking in opposition to the death penalty. The Senate also advanced SB 1012, SB 1573, SB 1661, SB 1662, SB 1569, SB 1634, SB 1647, SB 1655, and SB 1664, covering concealed weapons notice appeals, judicial determinations and religious secular laws, paternity/genetic testing support, probation conditions, election-related voter registration and signature handling, foreign campaign contributions, election worker summonsing, and nomination petition signatures. Several bills were retained or moved between calendars, and the Committee of the Whole reports were adopted, sending the listed bills forward as amended.