Video & Transcript Research : 'deductions'
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KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (9-23-25)
Transcript Highlights:
- And are there plans that would offer a high-deductible health plan with a health savings account?
- <00:43:56.079>
health would offer a high deductible health would offer a high deductible health - I don't use my health insurance very rarely," uh, I feel safe, you know, going with a high deductible
- Yeah, KHP would have the details on that side of, like, the high-deductible plan for the MEHP.
- Uh we did deductible plan for the MEHP.
Keywords:
Meeting Start: 00:00:35
Attendance Roll Call: 00:00:55
Approval of Minutes: 00:02:56
Deferred Compensation Authority Update: 00:03:12
Retiree Health Update - TRS: 00:15:58
Retiree Health Update - KPPA: 00:56:13
Adjournment: 01:08:10, 958, all
Summary:
The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants.
Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation.
TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear.
Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.
NH
Transcript Highlights:
- business deductions including payroll or advertising.
- <03:24:49.439>
for taxes correctly, I've deducted for taxes correctly, I've deducted for advertising - for all the traditional I've deducted for all the traditional business<03:25:08.800>
deductions different than a deduction, right? different than a deduction, right? - to figure out whether that deduction to figure out whether that deduction >> and<04:20:52.159
WY
Wyoming 2026 Regular Session
Select Committee on School Finance Recalibration, January 22, 2026 - AM
Select Committee on School Finance Recalibration
Transcript Highlights:
- So yeah, deductible in co insurance.
- Um so it transfers to your deductible.
- And if you select a high deductible And if you select a high deductible health<03:38:03.680>
- If they don't have that high deductible.
- need it for their deductibles and out of need it for their deductibles and out of pockets,<03:51:38.080
NM
New Mexico 2026 Regular Session
House - Chamber Meeting Jan 22nd, 2026 at 11:06 am
New Mexico House Floor Meeting
Transcript Highlights:
- introduced by Representative Alan Martinez, an act relating to taxation, providing an income tax deduction
- introduced by Representative Senna Cortez, an act relating to taxation, increasing the standard deduction
- for income tax purposes to 205% of the standard deduction allowed by the federal government.
- is ruled germane pursuant to Article 4, Section 5B1 of the New Mexico Constitution. the standard deduction
- for income tax purposes to 205% of the standard deduction allowed by the federal government.
Bills:
HB1
Keywords:
feed bill, legislative appropriations, legislative branch, New Mexico Legislature, general fund, legislative council service, legislative finance committee, legislative education study committee, house chief clerk, senate chief clerk, per diem, mileage, session expenses, interim committees, district staff, capitol complex, capital outlay data system, legislative processing system, redistricting, census redistricting
NM
Transcript Highlights:
- A note on this though the big driver here is the extension and enhancement of a larger standard deduction
- The estimate of how the limitation on state and local tax deduction, that part is unchanged.
- And a couple of big ones to name are 100 percent bonus depreciation deduction, a new first-year expensing
- deduction, and reinstatement of a research deduction.
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Oct 21st, 2025
Transcript Highlights:
- type of coverage, generally the endorsements or policies are quite expensive and have very high deductible
- For residential coverage, up to 25% of the policy limit can be a deductible.
- Residential coverage: up to 25% of the policy limit can be a deductible.
- So they were doing it really just for the tax deductions. So those are significant.
- And unfortunately, because those deductibles are so high, even if there were to be an earthquake, and
Summary:
The committee heard a work session on earthquake insurance, beginning with background from the Office of the Insurance Commissioner. OIC staff explained that earthquake and earth movement are generally excluded from standard property policies, that earthquake coverage is usually purchased through endorsements or standalone policies with high deductibles and relatively high premiums, and that surplus lines are a limited backstop market not covered by the state guarantee fund. They also described parametric insurance and captive insurance as more specialized products generally suited to commercial or governmental buyers rather than ordinary consumers. A second panel of insurance and banking experts focused on commercial earthquake exposure, especially for older buildings, collateralized loans, and potential knock-on effects to banks and consumers if a major quake caused widespread damage. Members asked about consumer impacts, mitigation incentives, inventories of vulnerable buildings, and whether legislation such as prior work on unreinforced masonry could help reduce risk. The Washington Bankers Association said earthquake insurance is expensive and that affordability is a major concern, while also noting banks participate in disaster-recovery planning and would be affected by major regional losses. No votes or formal actions were taken.
The committee then received a presentation from the Washington State Institute for Public Policy on its cannabis and Initiative 502 research. WSIPP staff described the agency as a nonpartisan research institute that conducts legislative-directed studies and explained that its long-term I-502 assignment includes periodic reports leading to a final benefit-cost evaluation in 2032. Staff summarized findings from a 2023 report showing that cannabis possession convictions fell sharply after legalization, though some racial disproportionalities persisted, and that closer retail access was associated with higher reported adult cannabis use, more fatal traffic crashes involving drivers from nearby areas, and higher rates of cannabis use disorder diagnoses among Medicaid enrollees. A 2023 youth-focused report found that students attending schools near retailers were more likely to report cannabis use, had more unexcused absences, and were less likely to graduate on time. In the newest 2025 Medicaid study, staff said retail access was associated with higher probabilities of cannabis use disorder diagnoses, related hospitalizations, inpatient treatment, and co-occurring mental health diagnoses, with event-study analysis suggesting the increases appeared after retailers opened rather than before. Members asked about racial disproportionality, the meaning of cannabis use disorder diagnoses, THC and impairment, whether the findings reflected medical versus recreational use, and how the results should be interpreted in light of broader trends and data limitations. No formal committee action was taken.
MN
Minnesota 2025 1st Special Session
Human services committee considers HF973 3/12/25
Transcript Highlights:
- It states that co-payments, co-insurance, and deductibles do not apply to crisis service under Minnesota
- It states that co-payments, co-insurance, and deductibles do not apply to crisis service under Minnesota
- It states that co-payments, co-insurance, and deductibles do not apply to crisis service under Minnesota
- It states that co-payments, co-insurance, and deductibles do not apply to crisis service under Minnesota
- It states that co-payments, co-insurance, and deductibles do not apply to crisis service under Minnesota
AR
Arkansas 2026 1st Special Session
ARKANSAS LEGISLATIVE COUNCIL (ALC) Jun 19th, 2026
ARKANSAS LEGISLATIVE COUNCIL (ALC)
Transcript Highlights:
- Members, the executive subcommittee met on June 9th and approved premiums and deductibles for the state
- For both the contract and the premiums and deductibles, the subcommittee authorized ALC co-chairs to
- appropriations, appropriation transfers, restricted reserve fund transfers, the state central services deduction
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Jun 15th, 2026
Revenue and Taxation
Transcript Highlights:
- federal legislation recognized such financial hardships and implemented a temporary $6,000 senior tax deduction
- This bill would provide senior taxpayers ages 86 to 90 with a $3,000 tax deduction until taxable year
- SB 1249 is a modest step by expanding tax deductions for specified elderly seniors.
Summary:
The Assembly Committee on Revenue and Taxation met as a subcommittee and heard several tax-related bills, with initial items identified as suspense candidates because of their fiscal impact. SB 881 would extend the farmer-to-food-bank tax credit and the Emergency Food for Families voluntary tax contribution; the author and supporters from food banks, agricultural groups, local governments, and climate organizations said it would reduce food waste, help farmers donate surplus produce, and address rising food insecurity. No opposition was presented, but the bill was ultimately referred to suspense. SB 1406 would target the so-called Montana tax loophole used to avoid California taxes on luxury vehicles and similar purchases; supporters said it would recover revenue and improve fairness, while a business group opposed it unless amended, warning the shell-company language could affect legitimate small businesses and passive owners. That bill was also sent to suspense.
SB 1349, which directs the Legislative Analyst’s Office to review major existing tax expenditures and evaluate whether they are meeting their goals, drew support from the California Teachers Association, tax reform advocates, school employees, local governments, and others who argued that California needs more accountability for billions in tax breaks. The committee later took a quorum and passed SB 1349 on a due pass as amended motion to the Assembly Committee on Appropriations. The committee also approved two consent items, SB 1436 and SB 1437, sending them forward on the agreed motions.
SB 1249 would provide a $3,000 tax deduction for seniors ages 86 to 90 through 2032, with the author and LeadingAge California describing it as targeted relief for older adults facing rising costs. The bill received supportive comments from a committee member but was referred to suspense. SB 1151 would codify the sales tax exemption for infant formula by expressly defining it as a food product; the author said this would remove uncertainty for families, and members cited the high cost of formula and the need for clarity. The committee passed SB 1151 on a motion to the Assembly Committee on Appropriations. After completing the remaining business, the committee adjourned.
NM
Transcript Highlights:
- Deductibles, right, for most of you who have car insurance, you know that if you get in an accident,
- That's your deductible.
- Covaris for the hospitals and the doctors say, their deductible is $250,000.
- So what the real coverage is is the deductible minus the claim: $250,000 minus $250,000.
- I’m going to get a policy with a $500,000 deductible?
Keywords:
sexual crimes, statute of limitations, criminal justice, victim rights, child abuse, procurement, contracting, small business, local government, disaster recovery, emergency procurement, certification, public spending, juvenile justice, delinquency, rehabilitation, community corrections, risk assessment, public safety, health regulations
HI
Hawaii 2026 Regular Session
HOU, HOU-HHS, HOU DEFER Public Hearings 02-10-2026
Transcript Highlights:
- one home that is a primary residence and the other is not, then they would not be eligible for the deduction
- for<00:53:23.240>
the continue to be eligible for the continue to be eligible for the deduction - 24.640>
if <00:53:24.760>someone <00:53:25.040>owns <00:53:25.280>one deduction - However, if someone owns one deduction.
- eligible for the deduction. eligible for the deduction.
Summary:
The Committee on Housing, meeting jointly with the Committee on Health and Human Services, heard testimony on Senate Bill 2787, which would expand use of the rental housing revolving fund to provide loans or grants for purchasing rental units, and Senate Bill 2957, which addresses tenant displacement and relocation protections, as well as Senate Bill 2866, which would make the state rent supplement program for kupuna permanent and appropriate funds for it. Testimony on SB 2787 included support from DHHL, HHFDC, AARP Hawaii, and others, while the Attorney General recommended clarifying language and standards for grants, and the Tax Foundation questioned whether grants fit the revolving-fund structure. On SB 2957, supporters including OHA, PACT, medical-legal advocates, and tenant representatives emphasized relocation hardships from the KPT redevelopment, language access, and the need for clearer minimum safeguards; the Attorney General suggested defining “comparable units” and correcting a drafting error. On SB 2866, HPHA, Catholic Charities, AARP, the Executive Office on Aging, and others supported making the kupuna rent supplement program permanent to prevent homelessness among low-income seniors.
During discussion on SB 2957, members questioned HPHA and tenant counsel about the KPT low-rise relocation process and what “comparable housing” meant in practice. HPHA said all tenants were relocated, but counsel described disputes over comparability, disability and family-size issues, and at least one offered unit that was not livable. For SB 2787, members questioned DHHL about why it sought funding from the rental housing revolving fund rather than other sources; DHHL said it was still exploring options and had mostly used its funds for infrastructure, with only a small portion used as revolving funds. The chair expressed concern about relying on scarce housing funds and urged more efficient use of DHHL’s existing resources.
In decision-making, the committees voted to pass SB 2957 with amendments and SB 2866 with amendments. For SB 2957, the amendments would replace the bill with a working group on tenant displacement and relocation, include a blank appropriation and defective date, and request $75,000 for the working group; the motion was adopted unanimously by the members present, with Senator Favela excused. For SB 2866, the amended version would include a blank appropriation, defective date, and committee report language noting requests for $110,160 for two HPHA public housing specialist positions and $2.16 million for the state rent supplement program; this motion was also adopted, with Senator Favela excused. After the joint hearing adjourned, the committee returned to the housing-only agenda and continued discussion of SB 2787 before moving on to SB 3089, which would amend the down payment loan assistance program for low- and moderate-income first-time homebuyers; testimony on SB 3089 was beginning when the transcript ended.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 029 Feb 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- Deductibles and co-pays. You guys all pay your deductibles and co-pays.
- a lot of deductibles and co-pays. a lot of deductibles and co-pays.
- >
thousand Deductibles can be several thousand Deductibles can be several thousand dollar<04:01 - I think... deductibles, zero co-pays, significantly deductibles, zero co-pays, significantly lower<04
- , lower who still might pay deductibles, lower who still might pay deductibles, co-pays<04:01:44.880
Summary:
The House convened, led the pledge of allegiance, and established a quorum before approving the corrected journal. The Majority Leader then moved a long list of bills—House Bills 1150 through 1179—to be made special orders for February 11, 2026 at 9:15 a.m., and the chamber agreed without objection.
The committee then took up House Bill 1150, a supplemental appropriation for the Department of Agriculture. Representative Serna explained it included technical adjustments tied to other agencies, plus a pilot program to test a biocontrol strategy for the mountain pine beetle infestation in Colorado’s ponderosa pine forests. After brief opposition from a member who said he would vote no on spending measures generally, the bill passed.
House Bill 1151, the supplemental appropriation for the Department of Corrections, generated extensive debate. Supporters said the bill was necessary to cover major costs such as medical case loads, outside medical and mental health contracts, local jail payments, prison case load, private prison utilization, and food services, while also addressing staffing and parole/community corrections coordination. Opponents argued the state keeps funding more beds instead of investing in services that reduce incarceration, criticized DOC management and delays, and said the legislature should demand better accountability and efficiency. Supporters countered that DOC does not control the parole board or community corrections, that the prison population is aging, and that the state must pay for required custody and care. The transcript ends amid continued debate over the corrections supplemental, with no final vote on House Bill 1151 shown in the excerpt.
NH
Transcript Highlights:
- So, a homestead exemption you can look at as a kind of analogous thing to a standardized deduction in
- So, a homestead exemption you can look at as a kind of analogous thing to a standardized deduction in
- <04:11:52.160>
Okay, profits tax expense deduction. Okay, profits tax expense deduction. - You can deduct up to 2.5 million instead of depreciating it.
- these these deductions these these deductions >> and<04:22:35.760>
you <04:22:36.000
WI
Wisconsin 2026 1st Special Session
Joint Committee on Finance May 12th, 2026
Joint Committee on Finance
Transcript Highlights:
- The bill would create an exclusion for overtime income based on the federal deduction for overtime income
- Beginning in tax year 2026, under federal law, the deduction lasts until tax year 2028.
- However, under the bill, the overtime deduction will continue after 2028 as if... Tax year 2028.
- However, under the bill, the overtime deduction will continue after 2028 as if it had not been sunset
MN
Minnesota 2025-2026 Regular Session
House/Senate DFL Media Availability 2/27/26
Minnesota House Floor Meeting
Transcript Highlights:
- They want you to buy health insurance with a $30,000 deductible or suggest buying fewer dollars for Christmas
- buy health insurance with<00:04:05.120>
a <00:04:05.439>$30,000 <00:04:06.239>deductible - <00:04:07.360>
or <00:04:07.599>suggest with a $30,000 deductible or suggest with a - $30,000 deductible or suggest buying<00:04:08.319>
fewer <00:04:08.640>dollars <00:04:09.360
TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 15th, 2025 at 10:04 am
Trade, Workforce & Economic Development
Transcript Highlights:
- And not only are they raising... ...rates and deductibles, they're also, when you get a claim, they're
- on, more and more and more, it's getting more and more obvious that the... ...more we have these deductibles
- And so when I'm approaching a customer, and yes, they have to pay their deductible, and yes, we want
- them to pay their deductible.
Bills:
HB2963, HB3005, HB3287, HB3288, HB3289, HB3290, HB3344, HB3712, HB3862, HB3874, HB4196, HB4308, HB4901, HB4984
Keywords:
digital equipment, repair rights, manufacturers, maintenance, consumer rights, construction contracts, payment regulations, public works, dispute resolution, audit procedures, construction, trust funds, mechanic's lien, contractor, subcontractor, residential properties, disputes, payment obligations, accountability, payment disputes
Summary:
The committee heard testimony on HB 3862, which would restrict social media app use for minors and limit smartphone/social media access in classrooms. Supporters, including representatives from Champions for Childhood, argued that smartphones and social media are linked to addiction, distraction, cyberbullying, and worsening youth mental health, and said the bill would help parents and schools protect children. After testimony, the committee left HB 3862 pending.
Members then heard HB 3712, a construction retainage bill that would stop owners from withholding reserved funds on specially fabricated materials once they are delivered, approved, and warranted, while still allowing retainage for labor and installation. Witnesses from the precast concrete industry said current retainage practices delay payment for years and create financial risk for subcontractors and suppliers. The bill was left pending after closing. The committee also heard HB 2963, a right-to-repair bill requiring manufacturers to provide parts, tools, and information for owners and independent repair providers, with carve-outs for medical devices, vehicles covered by existing repair agreements, trade secrets, and security protections. Support came from consumer, environmental, repair, and policy groups, while one witness from Safelite was neutral and urged removal of the MOU reference for auto manufacturers. HB 2963 was left pending.
The committee also heard HB 4308, which would create county industrial development districts to attract industrial employers and finance infrastructure through local elections and a board structure. Supporters, including the Fort Bend County commissioner, said the bill would help counties diversify tax bases and create jobs; the bill was left pending. Later, the committee took up several pending bills and voted to report HB 74, HB 112, HB 2214, HB 3016, HB 3133, HB 3173, HB 3807, HB 4063, HB 4115, HB 5008, and HB 2652 favorably to the full House, with some sent to the Local and Consent Calendars. The committee also heard HB 3874 on construction contract transparency and HB 4196 on creating a task force to modernize manufacturing, both of which were left pending. Finally, the committee heard HB 3344, which would create a licensing and regulatory framework for re-roofing contractors; supporters said it would curb storm-chasing and protect homeowners, while one roofing contractor opposed it as too restrictive and argued existing fraud laws are sufficient. HB 3344 was also left pending.
MN
Minnesota 2025-2026 Regular Session
Subtraction for damage awards 3/4/26
Minnesota House Floor Meeting
Transcript Highlights:
- So 3611 is a bill that allows an state income tax withholding deduction for damages that are won by individuals
- and we want to make sure that we are taking care of all of those people and not letting their tax deductions
Summary:
The committee took up House File 3611 and the chair moved to lay the bill over for possible inclusion in the 2026 tax bill. Representative Fininky presented the bill as a first tax proposal and explained that it would allow a state income tax withholding deduction for damages awarded in lawsuits against federal agents such as ICE or CBP, including emotional and financial awards. He said current law already provides similar tax treatment for certain sexual assault and physical violence claims, and argued the bill would help people harmed during recent federal enforcement activity in Minnesota.
No one signed up to testify, and none of the members offered questions or comments. The chair noted the absence of testimony and discussion before moving to closing remarks.
Representative Fininky closed by expressing hope that the bill would be included in the tax bill, and the chair responded positively, thanking him for presenting the measure.
NH
New Hampshire 2025 Regular Session
Senate Health and Human Services (01/29/2025)
Health and Human Services
Transcript Highlights:
- either stop purchasing health insurance for their employees or they purchase plans with higher deductibles
- either stop purchasing health insurance for their employees or they purchase plans with higher deductibles
- either stop purchasing health insurance for their employees or they purchase plans with higher deductibles
- either stop purchasing health insurance for their employees or they purchase plans with higher deductibles
- Employees or they purchase plans with higher deductibles and higher cost sharing.
AL
Alabama 2025 Regular Session
Alabama House Ways and Means General Fund Committee Mar 19th, 2025
Ways and Means General Fund
Transcript Highlights:
- What this bill does is take our laws back for the deduction of research expenses and experimental expenditures
- It allows companies that spend money on that to take those deductions in the year that they spend it
Keywords:
judicial compensation, salary adjustments, district attorneys, Judges, local officials, district attorney, compensation, constitutional amendment, job security, Alabama Constitution, tobacco tax, heated tobacco products, heated tobacco, cigarettes, nicotine, vape alternative, smokeless tobacco, snuff, cigars, excise tax
MN
Transcript Highlights:
- their co-ayment or to their deductible their co-ayment or their<01:17:42.480>
uh <01:17:42.640 - They could adjust, and, you know, the deductible could be higher or co-payments or co-insurance amounts
- They could adjust, and, you know, the deductible could be higher or co-payments or co-insurance amounts
- They could adjust, and, you know, the deductible could be higher or co-payments or co-insurance amounts
- help the patient meet their deductibles help the patient meet their deductibles or<01:33:43.360>