Video & Transcript : 'actuarial valuation' :

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MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Seventy - Thursday, May 14 - Morning Session

Missouri House Floor Meeting

Transcript Highlights:
  • But the reason for that is how the actuaries addressed that.
  • Because some people, at that time, the date of death on the actuarial account was 78.
  • And an actuarial reduction is made over the lifetime of the benefit.
  • Because the way I understand an actuarial reduction, again, you have to have that—an actuarial reduction
  • It's an actuarial reduction, so it's for the duration of the benefit.
Summary: The House convened with prayer and the Pledge of Allegiance, then approved the House Journal for the prior day by a vote of 118-1. The bulk of the meeting consisted of lengthy points of personal privilege, including farewell remarks from several outgoing members who thanked family, staff, colleagues, and constituents, reflected on their service, and spoke about issues such as law enforcement, veterans, rural schools, unborn life, kindness, and the influence of money and lobbyists in the legislative process. The chamber also recognized several special guests, including schoolchildren, interns, a law school graduate, family members, and a former representative. The House then took up committee reports and several bills. It granted further conference on Senate Bill 1020. Senate Bill 1019, dealing with hospital finance and related health-care provisions, was amended and passed 110-31 after debate over an amendment on prior authorization reform, physician licensure, telehealth, workplace violence language, and Lyme disease fixes. Senate Bill 1572, a pensions measure affecting MOSERS, EMPERS, the St. Louis police retirement system, and Kansas City police retirement timing, was amended on several technical and policy points and passed 129-14 after discussion of overpayment recoupment rules and retirement system compliance concerns. The House also passed House Committee Substitute for Senate Substitute for Senate Bill 1196, which removed the sunset from the workforce diploma program, expanded Fast Track Workforce Incentive Grants, added workforce Pell Grant language, and established a future higher-education funding model subject to later legislative approval. It passed 115-20-4, but the emergency clause failed 2-132-2 after the sponsor said it was included only to speed Pell Grant implementation and was being handled “tongue in cheek.” Finally, the House began consideration of House Bill 2508 with Senate amendments, an LLC-related bill addressing certificates of good standing, court dissolution of LLCs in limited cases, and a St. Louis County property-management affidavit requirement for unresolved ordinance violations.
OK
Transcript Highlights:
  • The property, so a renter in a home is going to pay a 5% year-over-year taxable valuation increase, whereas
  • So if there's an increase in their taxable valuation on their house of 5%, their taxes are going to go
  • The taxable valuation of that home stays at $200,000 for That 65-year-old, but the person living next
  • to them who's renting, their valuation goes up 5% every year.
WA

Washington 2025-2026 Regular Session

House Floor Session Mar 4th, 2026 at 09:30 am

Washington House Floor Meeting

Summary: The House convened with a quorum, recited the Pledge of Allegiance, and heard a prayer from Tammy Stamphley, a Presbyterian minister and hospital chaplain. After approving the previous day’s minutes and receiving a Senate message, the chamber moved to second and third reading of several bills, with multiple measures advanced under suspended rules. The first major vote was on Engrossed Senate Bill 5872, which establishes a pre-K-related account to support up to 10,000 additional early learning slots for three- and four-year-olds. Supporters emphasized the Balmer Group’s private funding commitment and the value of early learning and family support; the bill passed 97-0. Substitute Senate Bill 5834, a Department of Retirement Systems request bill changing the fund source for legal, medical, administrative, and fraud-prevention expenses using interest earnings from pension funds, also passed 97-0. Substitute House Bill 2689, dealing with the Working Connections Child Care program, drew the most debate. Supporters said it aligned attendance policy with federal rules, adjusted reimbursement rates, and helped balance the budget while preserving child care resources. Opponents argued it cut support in rural and underserved counties, would worsen child care deserts, and placed budget savings on the child care industry; it passed 53-44. The House then passed Senate Bill 5922, allowing school districts to transfer vehicle depreciation funds with OSPI approval, by 59-38, and Senate Bill 6065, a narrower bill for districts under enhanced financial oversight such as Prescott, by 97-0. The session ended with announcements that both caucuses would meet later in the day.
WA

Washington 2025-2026 Regular Session

House Floor Session Mar 4th, 2026

Washington House Floor Meeting

Transcript Highlights:
  • What's been happening for about the last 15 years is that we have an actuarial study that says that the
  • calculations on their website and also to report to the Workers' Comp Advisory Council what the actuarial
  • studies were. ...what the actuarial studies were and then what we decide, what the director decided
  • And sometimes it's lower than what is actuarially rated, and sometimes it's higher.
Summary: The House received a Senate message announcing passage of Substitute House Bill 1570 and then moved several bills from Rules to the second reading calendar, including Substitute Senate Bill 5242 on anaphylaxis medications in schools and Senate Bill 6132 on Inland Port District debt. The chamber then took up a series of bills, beginning with Senate Bill 5988 on Department of Health accreditation fee authority for opioid treatment programs. An amendment to cap the fee at $17,000 was debated at length but failed, and a separate amendment was ruled beyond the scope of the bill. Senate Bill 5988 then passed 62-34. The House next considered Substitute Senate Bill 6309 on enhanced municipal permitting tools for high-capacity transit projects. Several amendments were offered to require written consent from abutting property owners, preserve setback and seismic/critical-area protections, and add transparency provisions, but the scope challenge to the transparency amendment was sustained and the other amendments failed. Supporters argued the bill would streamline permitting for Sound Transit and reduce taxpayer costs; opponents said it gave a large transit authority too much discretion and weakened property-rights and land-use protections. The bill passed 56-38. The House also passed Substitute Senate Bill 5886 on personality rights and digital likeness protections, and Senate Bill 6136 on workers’ compensation transparency, both with strong bipartisan support. After caucuses and a rule suspension to work past 10 p.m., the House took up additional second-reading bills. It passed Substitute Senate Bill 6034 to codify the Governor’s Office of Indian Affairs, Gross Second Substitute Senate Bill 5395 on prior authorization and AI in health care, Substitute Senate Bill 6248 creating the Washington Travel Insurance Act, Substitute Senate Bill 5720 on uniform consumer debt default judgments, Senate Bill 5995 on port modernization funding with labor-related concerns, and Senate Bill 6103 affecting rural hospitals and enrollment status subject to appropriation. Later, the House passed Engrossed Substitute Senate Bill 6110 on e-motorcycle regulation, Engrossed Substitute Senate Bill 5156 allowing smaller elevators in some housing, Substitute Senate Bill 6269 updating motor fuel definitions to include hydrogen, Substitute Senate Bill 6189 extending time for Thurston County to pursue an aquatics public facilities district, and Senate Bill 6134 requiring unemployment applicants to acknowledge repayment if retroactive union pay is received. Most bills passed with large majorities, though some drew dissent over labor, property rights, transit governance, or regulatory scope.
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 7th, 2026 at 09:00 am

Appropriations

Transcript Highlights:
  • House Bill 2384 is the bill that requires certain continuing care retirement communities to submit actuarial
  • Department of Social and Health Services and the Office of the Insurance Commissioner in gathering the actuarial
  • The Department of Social and Health Services must adopt standards for the contents of the actuarial materials
  • It sets up a review process by the OIC to look at actuarial reports.
  • It's the duplicative about the actuarial analysis, because if you're going to do stuff again there at
NH

New Hampshire 2025 Regular Session

Fiscal Committee (05/16/2025)

Transcript Highlights:
  • The reason we just don't keep the money has to do with actuarial certification.
  • The reason we just don't keep the money has to do with actuarial certification. Okay.
  • But what's happening here is there's the actuarial certification of the rates, meaning that the total
  • Rates from an actuarial standpoint have to be a reasonably efficient MCO.
  • It needs to be able to achieve that, and that's what the actuary sets the rates at.
Summary: The Fiscal Committee met on May 16, 2025, and first adopted a rules-and-procedures change extending online audit approval timelines for American Rescue Plan items through December 2026 and bipartisan infrastructure law items through June 30, 2027. The committee then approved the April 18 minutes and adopted the consent calendar with several items removed for separate discussion, including items from Tabs 4, 6, and 7. On Tab 4 item 2511, members questioned why the state was paying utility costs for the Laconia property while it is being sold. Commissioner Charlie Arlinghaus explained the budget line covered utilities generally, not just heat, that some buildings still require minimal heating, and that the main increase was tied to the Winnipesaukee River Basin Project wastewater charges. He said the charges had risen sharply, the property sale would eventually trigger a utility true-up at closing, and he would provide additional analysis. The committee then adopted the item. On Tab 4 item 25115, the Department of Justice said funding for a temporary fourth pathologist was removed from the 2026-2027 budget because it was no longer needed, and the committee adopted the item. On Tab 6 item 25126, Department of Health and Human Services officials explained the Medicaid managed care “withhold” as a performance incentive: about 2% of capitation payments are held back, then redistributed based on quality and operational metrics, with unearned amounts staying with the state until the end of the program and subject to actuarial requirements. They said the approach has improved performance and helped with Medicaid unwinding outreach, reducing enrollment by about 11,000 people in the past year. The committee adopted the item. On Tab 7 item 25139, the Department of Energy said it no longer needed an additional position because existing staff could handle the work, and the item was adopted. The committee also adopted regular-calendar items 25114 and 25131, noted that one regular-calendar item had been withdrawn, set the next meeting for June 20 at 11:00 a.m. in Room 100 of the State House, and adjourned after a motion and second.
FL
Transcript Highlights:
  • They have a lot of experience in regards to doing actuary models across the country.
  • So historical data from that CDC now there is with the actuaries a threshold.
  • That's just an actuary term that they use.
  • We discussed it with the actuaries removing those costs from the PC pm.
  • All right. >> We've talked about a lot of very actuarially sound data that you're collecting.
NE

Nebraska 2025-2026 Regular Session

Legislative Morning Session Apr 10th, 2026

Nebraska Unicameral Floor Meeting

Transcript Highlights:
  • freedom, facility financing assistance act, the property tax act, growth limitation act, property tax valuation
  • What else would you expect from a banker and actuary?
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 6th, 2026 at 05:55 pm

Washington Senate Floor Meeting

Transcript Highlights:
  • pulls out the surplus funds from the Left One retirement account and leaves it funded at 110% of the actuarial
  • asking for today is to go a little more conservative and leave this pension funded at 120% of the actuarial
  • today is to go a little more conservative and fund this, leave this pension funded at 120% of the actuarial
  • We have consulted with actuaries and attorneys on the underlying policy, and I believe that 110% of funding
  • We believe that it is actuarially sound, that it will pass IRS approval.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • reform changes in 2013, the cost to buy Section 3 service purchases are calculated using the full actuarial
  • One-half of the actuarial assumed interest rate.
  • Most other states that allow service purchases charge their members either the full actuarial present
  • value or a percentage of the actuarial present value of the increase in benefits resulting from the
  • the members' benefit increase resulting from the additional service credit and the corresponding actuarial
Summary: The committee heard testimony on several public service and retirement-related bills. Senator Kelly Dooner and Rep. O’Rourke supported a Taunton home rule petition to extend Chief Walsh’s service during the city’s transition to a new public safety facility, citing the need to manage new equipment, cameras, and 911 systems smoothly. Senator Lovely testified in favor of bills expanding retirement savings access through the SMART Plan and the CORE Plan, arguing that automatic enrollment and broader eligibility would help state, municipal, and nonprofit workers save for retirement. No questions were raised on the Taunton petition, and the hearing later moved through the remaining testimony without any votes taken during the transcript. Mary Waldron of the Old Colony Planning Council and Jeffrey Walker of the Southeast Regional Planning and Economic Development District urged support for legislation protecting regional planning agencies from being required to make retroactive payments to the State Retirement Board for past employer contributions. They warned that the costs would be unsustainable, could force layoffs or closures, and would jeopardize their ability to provide transportation, housing, economic development, and planning services. Bill Keith and Patrick Charles of PEREC testified on several retirement administration bills, including measures to ease statement-of-financial-interest filing rules, require payment for certain creditable service purchases, and clarify the definition of wages to include sick, vacation, and personal time; committee members asked questions about regional transit authorities joining retirement systems and about adding local retirement board representation to a proposed commission. Jonathan Osimo and Rob Fabino of the Massachusetts Teachers Retirement System supported bills to penalize delinquent pension reporting by employers and to create a special commission to study retirement credit purchases, saying better reporting would improve retirement processing and that a broader review could improve fairness and sustainability. Eddie Boynton of the Braintree Education Association backed the SMART Plan bill, describing how automatic enrollment and low-fee fiduciary oversight could protect educators from high-cost supplemental retirement products. Matthew Nugent testified for a bill to divest public pension funds from firearms and ammunition. After the final witnesses, the chairs asked if anyone else wished to testify, heard none, and then adjourned the hearing.
KY
Transcript Highlights:
  • There's a very clear delineated section that talks about setting forth a valuation.
  • And that valuation is subject to a hearing and an order by the court.
  • </c><01:09:02.000><c> And</c><01:09:02.239><c> that</c> setting forth a valuation.
  • And that setting forth a valuation.
  • </c><01:09:16.480><c> after</c> that is a court-ordered valuation after that is a court-ordered valuation
Summary: The Interim Joint Committee on Judiciary approved the minutes from its July 24, 2025 meeting and heard an announcement about a lunch sponsored by the Kentucky State Buildings and Trades Council on forming a blue-collar caucus. The main presentation came from the Council of State Governments’ Justice Center on the Kentucky Justice Reinvestment Initiative’s domestic violence work, which was described as a multi-year effort begun in 2023 to analyze data and interview stakeholders across the state. Presenters reported that domestic violence is widespread in Kentucky, with about half of adults experiencing some form of violence or stalking in their lifetimes, and that an average of about 22,000 IPV incidents occurred annually from 2018 to 2022. They said domestic violence is a major driver of violent crime, accounting for about 48% of person offenses over a six-year period, and is linked to significant shares of homicides, sex crimes, kidnapping, aggravated assault, and simple assault. They also said reported incidents and arrests have risen in recent years, that protective-order violations and convictions have increased, and that Kentucky ranks near the bottom among surrounding states in the share of victim compensation for domestic-violence-related claims. Law enforcement survey results showed strong adoption of model policies and guidance, but limited use of screening tools for serious injury risk. The presenters emphasized that domestic violence also places heavy demands on law enforcement, courts, and corrections, citing roughly 30,000 law-enforcement responses in 2022 and noting that more than a third of people entering DOC custody and nearly a third under supervision had DV-related histories. They said a small group of repeat offenders drives ongoing harm and that targeted interventions could reduce recidivism. They highlighted a North Carolina example in which focused intervention reduced IPV-related homicides and calls for service, and they referenced Kentucky’s 2020 assessment recommendations on training, language access, protective-order service, and coordination with victim services and batterer intervention providers. They estimated that a 25% reduction in reported DV incidents could prevent nearly 5,000 victimizations annually and reduce DOC commitments and costs substantially. Committee members asked about the relationship between civil domestic violence petitions and companion criminal cases, and the presenters said they would check whether the data could answer that question. Members also discussed recent Kentucky legislation, including Senate Bill 319 on crime victims compensation and House Bill 38, which made a third domestic violence offense a Class D felony. Several members thanked the presenters and advocates, and one member raised concerns about service of process and recent violent incidents involving domestic violence-related warrants, prompting discussion of dedicated service units in larger jurisdictions and the resource limits faced by smaller agencies.
CA

California 2025-2026 Regular Session

Senate Insurance Committee May 12th, 2026

Transcript Highlights:
  • I'm a principal and consulting actuary with Milliman in San Francisco.
  • I'm a principal and consulting actuary with Milliman in San Francisco.
  • I've spent 40-plus years as an actuary pricing insurance and reinsurance.
  • It might be helpful, but there’s no actuarial or scientific studies that we can point to.”
  • I brought up the last panel, a previous panel, with the Milliman Actuary.
Summary: The Senate Committee on Insurance held an information hearing on the impacts of climate change and catastrophic wildfire on California’s insurance market, with opening remarks focused on the state’s affordability, availability, and stability problems. Chair and members discussed the role of SB 254’s report, the Sustainable Insurance Strategy, the growth of the FAIR Plan, and the need to better align insurance regulation, mitigation, and land-use decisions. The Vice Chair noted the importance of hearing from industry as well as consumer and academic experts, and Senator Becker said the report would inform further committee work. Amy Bach of United Policyholders described how climate-driven wildfire and flood risk, combined with inflation, insurtech, and risk modeling, have reduced competition and pushed more homeowners into the FAIR Plan and non-admitted surplus lines coverage. She said availability is improving somewhat, but affordability will depend on mitigation, insurer competition, and fair rate regulation. In response to questions, she emphasized underinsurance as a long-running problem, supported stronger insurer responsibility for replacement-cost estimates, and suggested a public reinsurance backstop and more mitigation funding rather than removing wildfire coverage from basic policies. Nancy Watkins of Milliman and Michael Wara of Stanford argued that the market problem is fundamentally that expected claims and expenses now exceed premiums because too many homes are burning. They said California needs both risk reduction and actuarially sound pricing, along with a state mitigation framework that targets the highest-risk communities and prioritizes home hardening, defensible space, and community-scale mitigation over broad acreage-based spending. They also discussed the role of non-admitted carriers as a gap-filler, the need for better data on reconstruction costs and mitigation effectiveness, and the importance of sustained funding rather than one-time grants. A later panel with Frank Freebalt of Cal Poly and Michael Golnar of UC Berkeley focused on modeling and mitigation science. They said wildfire policy should treat the issue as a structure-ignition and urban conflagration problem, not just a wildland fire problem, and stressed integrated land-use, utility, and community mitigation. Members asked about zoning, building codes, utility hardening, and who should pay for mitigation; witnesses said older, denser neighborhoods are the highest priority, that utilities must improve operational safety measures, and that targeted mitigation in the highest-risk areas offers the best return. No votes or formal actions were taken at the hearing.
NM
Transcript Highlights:
  • And so that helps actuaries remain steady, I think, with premiums.
  • I'm going to turn it to my colleague at OSI, but the actuarial analysis that's provided directly from
  • Also, the actuarial looked at different states.
  • Thank you, Madam Chair. ...and how the actuarial and regulatory processes work here in practice.
  • Actuarial analysis is so expensive.
Summary: The committee first heard Senate Bill 21, as amended, which would create an annual birthday-based open enrollment period for Medicare supplement policyholders age 65 and older, allowing them to switch to equal or lesser coverage without medical underwriting. The Aging and Long-Term Services Department and the Office of Superintendent of Insurance supported the bill as a consumer protection measure for seniors who are locked into rising premiums, while AHIP opposed it, warning it could raise premiums for existing policyholders. The League of Women Voters and AARP supported the measure. After debate over premium impacts and market stability, the committee voted 6-4 to give SB 21 a due pass. The committee then considered Senate Bill 20, dealing with prior authorization for medications used to treat serious mental illness. An amendment to change the bill from limiting prior authorization to once every three years to once every 12 months was debated; insurers supported the annual review, while nursing, disability, and mental health advocates argued that more frequent prior authorization would add burden and delay care. The committee tabled the amendment 5-4, then passed the unamended bill on a do pass vote. Testimony emphasized that the bill would not change how often patients see their doctors, only how often insurers can require prior authorization. Next, Senate Bill 101 was heard, which repeals the delayed sunset of the Health Care Delivery and Access Act so the hospital provider tax can continue. Sponsors and the Health Care Authority said the program has generated substantial federal matching funds and supports hospitals, especially rural facilities. AARP, Health Action New Mexico, the Greater Albuquerque Chamber of Commerce, and the New Mexico Hospital Association supported the bill. Committee members asked about how funds are distributed and reported; the agency said distributions are based on Medicaid discharges and hospitals must report on spending. The bill received a do pass. The committee also approved House Memorial 52, which requests a study group on health insurance premium affordability for working families and small employers. Supporters from Blue Cross and Blue Shield and AHIP said the memorial would help identify cost drivers and improve transparency. The committee then passed House Bill 132, as amended, creating a workers’ compensation presumption for certain occupational conditions affecting police officers. Supporters from labor, state police, OSI, and business groups said it would help recruitment, retention, and recovery, while members discussed the removal of back pain from the presumption and the reinstatement of PTSD. Finally, the committee began hearing Senate Bill 14, which expands the state’s health professional loan repayment program and creates a broader advisory structure to address workforce shortages. The bill would cover physicians and many other health professions, with a large appropriation and special provisions for part-time service and loan repayment terms. The sponsor described it as a competitive recruitment tool, and numerous health care, labor, and consumer groups testified in support. The sponsor also described a proposed amendment to reallocate physician funds to other eligible health professionals if there are not enough qualified physician applicants, but the committee was preparing to move on when the transcript ended.
FL

Florida 2026 Regular Session

Children, Families, and Elder Affairs Jan 12th, 2026

Children, Families, and Elder Affairs

Transcript Highlights:
  • Which is the least amount of years needed to make the funding actuarially sound.
  • A PCPM is an accumulation of expenditures, actuarial adjustments, and child-month trends that develop
  • “When you create an actuarial model to apply the actuarial adjustments, you have to be able to apply
  • The only thing it does not do, when we mentioned in the report, it lines up all the different actuarial
  • We eventually would like to have high acuity have its own actuarial adjustment.
Bills: S0042 , S0578 , S0624 , S7018
Summary: The committee met with a quorum and first heard SB 624, which would codify DCF’s current practice of allowing batterers intervention programs to offer supplemental faith-based activities so long as participation is voluntary. The bill drew support from faith-based and family organizations, which argued it would restore access to effective rehabilitation options and remove discriminatory barriers. SB 624 was reported favorably after a roll call vote. The committee then heard SB 42, which would require child protective investigators and child protection teams to rely on qualified medical professionals when a child has a documented pre-existing diagnosis or when a parent requests an exam, and would require clearer notice to parents and custodians at the start of an investigation. Testimony overwhelmingly came from parents, advocates, and disability rights representatives describing cases in which medically complex children were allegedly misdiagnosed as abuse victims and families were separated unnecessarily. Members expressed sympathy and support, and SB 42 was reported favorably. Next, the committee considered CS/SB 578, creating an Alzheimer’s disease awareness initiative within the Department of Elder Affairs to promote early detection, brain health education, research updates, and clinical trial awareness, with outreach focused on older adults and at-risk populations. An amendment was adopted to place the campaign within the Alzheimer’s Disease Initiative. A caregiver testified about the need for public education and early diagnosis, and the bill was reported favorably. The committee also took up SPB 7018, a committee bill on child welfare that would extend the definition of “visitor” for foster homes to reduce repeated background checks, make the Step Into Success foster youth workforce pilot permanent and statewide, and create a program through the Florida Institute for Child Welfare to catalog best practices among community-based care lead agencies. The bill was approved as a committee bill and reported favorably. Finally, the Department of Children and Families presented its 2025-26 final funding methodology and rates report for community-based care. Members questioned the proposed tiered model, including insurance costs, risk corridors, prevention funding, performance measures, and regional funding disparities. No vote was taken on the presentation, but members discussed the possible need for follow-up legislation and additional stakeholder input.
FL

Florida 2026 Regular Session

Children, Families, and Elder Affairs Jan 12th, 2026

Children, Families, and Elder Affairs

Transcript Highlights:
  • Which is the least amount of years needed to make the funding actuarially sound.
  • A PCPM is an accumulation of expenditures, actuarial adjustments, and child-month trends that develop
  • When you create an actuarial model to apply the actuarial adjustments, you have to be able to apply them
  • We eventually would like to have high acuity have its own actuarial adjustment.
  • That's because there's no data right now, or not easily accessible data, we cannot create an actuarial
Bills: S0042 , S0578 , S0624 , S7018
FL

Florida 2025 Regular Session

October 15, 2025 - 08:00 AM

Transcript Highlights:
  • ON ALTERNATIVE PAYMENT MODELS FOR ADULT DAY TRAINING SERVICES BASED ON A STUDY CONDUCTED BY ACHA ACTUARIAL
  • AS OUTLINED IN SB 2502 THE METHODOLOGY MUST BE ACTUARIALLY SOUND, COST BASED, ADJUSTED TO REFLECT THE
  • THIS IS AN IMPORTANT STEP OF THE PROCESS TO APPLY THE CORRECT ACTUARIALLY ADJUSTMENT IN THE DEPARTMENT
  • IS GEOGRAPHIC, ET CETERA, THESE WERE ALL BUILT INTO THE LAST MODEL AND THIS MODEL AS WELL SO THE ACTUARY
  • ANYTHING CLARIFICATION. >> I WILL ADMIT GETTING TO ACTUARY DISCUSSIONS IS OUTSIDE MY REALM.
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 6th, 2026

Revenue and Taxation

Transcript Highlights:
  • Is that not going to kick in once that valuation came about and their excise reports?
  • Do you know, are they going to be made whole through state aid for that valuation loss?
  • That valuation plummeted and those taxpayers had to foot the bill.
  • Are we going to make every single school district whole when their valuations plummet?
  • ...district whole when their valuations plummet.
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.