Video & Transcript Research : 'deductions'
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HI
Hawaii 2026 Regular Session
HSH Public Hearing - Thu Feb 5, 2026 @ 9:30 AM HST
Human Services & Homelessness
Transcript Highlights:
- It has deductions applied to their gross income, which could be from wages, bonuses, rents, interest,
- It would be after deduction. >> I see. So we don't know how many people would actually be impacted.
- It has to be<01:01:42.160>
deductions <01:01:42.799>applied <01:01:43.119>to <01: - 01:43.280>
their <01:01:43.520>gross be deductions applied to their gross be deductions - It would be after deduction.<01:02:04.880>
So deduction. So deduction.
Keywords:
disability, communication access, deaf, hard-of-hearing, deaf-blind, healthcare, sign language interpreters, auxiliary aids, weight loss, GLP-1 drugs, obesity, Medicaid, healthcare costs, 910, house, all
Summary:
The committee heard testimony on HP 1972, which would create a nonrefundable family caregiver tax credit, and on a related tax measure to increase the existing dependent care tax credit. Supporters of HP 1972, including AARP, the Executive Office on Aging, the Hawaii Public Health Institute, Hawaii Children’s Action Network, and others, said unpaid caregivers are essential to keeping kūpuna and other loved ones at home and described significant out-of-pocket costs. The Department of Taxation and the Tax Foundation raised technical concerns, including the need to avoid overlap with existing credits and to prevent double-dipping. The department said taxpayers can claim credits to the extent allowed, but recommended explicit language barring the same costs from being claimed under more than one credit. No vote was taken in the excerpt, and the chair moved the bill along after questions.
The committee then heard HP 1975, which would repeal the sunset on the state rent supplement program for kūpuna. AARP, Catholic Charities Hawaii, the Executive Office on Aging, and others supported making the program permanent, saying it helps low-income older adults avoid eviction and homelessness and allows them to remain in affordable housing. Catholic Charities described clients who were paying unsustainable shares of income for rent before receiving the supplement. Members also shared a constituent example of an elderly retiree who needed the subsidy to stay housed. Written support was noted from additional organizations and individuals.
Next, the committee took up HB 1706, which would expand Medicaid prospective payment reimbursement to include mental health services furnished in federally qualified health centers and rural health clinics by mental health professionals under supervision. The Office of Hawaiian Affairs supported the bill, and DHS said it appreciated the intent to address workforce shortages and expand training, but cautioned that unlicensed professionals cannot currently bill Medicaid and that a state plan amendment would be needed, with limited precedent for approval. Members asked about the likelihood and timing of federal approval and whether the bill could help rural areas; DHS said approval is uncertain and the process can take time, though it saw possible alignment with the state’s rural health transformation efforts. The committee also discussed HB 546, a three-year health coverage continuity pilot program for people losing Medicaid coverage. DHS, the Attorney General’s office, DCCA, Catholic Charities, the University of Hawaii, and others testified, with DHS warning that federal changes could increase uninsured rates and that the state may need to act quickly. Catholic Charities and others emphasized the risk to Medicaid recipients, including homeless and near-elderly residents, while DHS explained the state’s existing premium assistance program for certain immigrants and compared it to the proposed pilot. The excerpt ends during discussion of that comparison, with no vote shown.
KY
Kentucky 2025 Regular Session
Medicaid Oversight and Advisory Board (8-27-25)
Transcript Highlights:
- up for your plan to look at deductibles up for your plan to look at deductibles and<00:12:51.519
- If patients have a deductible that they can't afford or do not have insurance, then there's a sliding
- If patients have a deductible that they can't afford or do not have insurance, then there's a sliding
- If patients<00:35:58.800>
have <00:35:58.960>a <00:35:59.119>deductible <00:35:59.599 - >
that <00:35:59.760>that patients have a deductible that that patients have a deductible
Keywords:
1. Call to Order and Roll Call – 00:00:00
2. Approval of Minutes – 00:02:10
3. Discussion of State-Based Marketplaces and the Federally-Facilitated Marketplace – 00:02:31
4. Discussion of the Role of Kynectors and Navigators – 00:27:29
5. Discussion of Presumptive Eligibility – 01:11:57
6. Discussion of Medicaid Eligibility, Enrollment, and Redeterminations – 01:20:09
7. Update on Rural Health Transformation Program Application Process – 01:47:35
8. Public Comment – 01:59:57
9. Adjournment – 02:06:10, 958, all
Summary:
The Medicaid Oversight Advisory Board met for its third meeting and approved the July 30 minutes. The chair outlined a full agenda covering the state-based marketplace versus the federally facilitated marketplace, connectors and navigators, presumptive eligibility, eligibility/enrollment/redetermination, and a rural health transformation update. Commissioner Lisa Lee and Assistant Director David Barry presented first on Kentucky’s state-based exchange, Connect, explaining that it is an integrated eligibility and enrollment system for Medicaid, CHIP, SNAP, TANF, child care, and qualified health plans. They reviewed Kentucky’s move from a state-based exchange to healthcare.gov in 2017 and back to a state-based marketplace in 2021, and said the system helps route applicants to the correct program and allows families to move more easily between Medicaid and exchange coverage as circumstances change.
The presenters said the exchange is funded by carrier assessments on qualified health plans rather than general fund dollars, with costs allocated across programs based on use. They said Kentucky’s exchange fees are lower than the federal platform’s and that the state-based system provides local assistance through DCBS offices, connectors, and licensed agents in every county. Members asked about startup and operating costs, fee-setting, and whether any general fund dollars are used; the department said it would follow up with the CFO on fee details and said it was not aware of general fund support for exchange operations. Members also raised concerns about Medicaid eligibility verification and improper enrollment, while the department emphasized that the state system uses different questions than healthcare.gov and is designed to identify the correct coverage based on monthly Medicaid income and annual tax-credit income.
The board also discussed enrollment trends, including a COVID-era spike during the public health emergency when disenrollments were largely paused, and current qualified health plan enrollment of more than 97,000 people on Connect. Commissioner Lee explained presumptive eligibility as temporary Medicaid coverage, noting it applies to pregnant women and hospital-based cases, with hospitals able to grant it and certain providers able to grant it to pregnant women. She said full eligibility is still determined within 30 days and that presumptive eligibility ends when full Medicaid eligibility is determined or at the end of the following month. The meeting then shifted to connectors, with representatives from Community Action Kentucky and the Kentucky Primary Care Association describing their statewide outreach network, local offices, and role helping residents apply for Medicaid, renew coverage, report changes, and navigate benefits; they said connectors do not determine eligibility but assist with applications, recertifications, and outreach events across the Commonwealth.
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 44 Afternoon Session Apr 21st, 2026 at 01:30 pm
Oklahoma House Floor Meeting
Transcript Highlights:
- committee substitute for House Bill 4028 will extend The sunset date of the qualified equity investment deduction
- This deduction allows accredited investors to deduct qualified equity investments in eligible Oklahoma
Bills:
HB4028, HB4075, HB4077, HB4074, HB4076, SB1221, SB1921, SB2118, SB1932, SB2134, HCR1025, SB1432, HCR1024, HCR1022, SB1122, HB4029, HB4063, HB4073, HB4078, SB1936, SB44, SB237, SB248, SB1360, SB985, SB1204, SB1239, SB1307, SB2143, SB1428, SB1390, SB1400, SB1405, SB1732, SB1832, SB1859, SB1989, SB2018, SB1427
Keywords:
tax deduction, venture capital, economic development, Oklahoma, investment, water resources, appropriations, funding, state treasury, infrastructure projects, emergency act, emergency management, disaster relief, pandemic response, state appropriations, HB4074, Health Care Workforce Training Commission, Health Care Workforce Revolving Fund, health workforce, health care workforce
NM
New Mexico 2026 Regular Session
House - Commerce and Economic Development Feb 6th, 2026 at 04:18 pm
House Commerce & Economic Development Committee
Transcript Highlights:
- All righty, we've got HB 92, Senior Income Tax Deduction. Thank you very much.
- Yeah, currently less than 50% pay in this income tax deduction.
- We don't, with our standard deduction, but there are some that charge now.
Keywords:
tax credit, land conservation, biodiversity, agricultural preservation, historic preservation, natural resources, open space, tax exemption, Social Security, income, retirement, financial relief, Taiwan, trade, technology, education, international relations, economic partnership, New Mexico, United States
FL
Florida 2026 Regular Session
Joint Administrative Procedures Committee Mar 31st, 2025
Transcript Highlights:
- The second is the lack of statutory authority for Rule 61A-4.0371 relating to an excise tax deduction
- The second is the lack of statutory authority for Rule 61A-4.0371 relating to an excise tax deduction
- In regard to Rule 61A-4.0371, which is the excise tax deduction for breakage and spoilage of alcoholic
Summary:
The Joint Administrative Procedures Committee reviewed several agency rules and objections under Chapter 120. First, the committee revisited prior objections to Agency for Health Care Administration rules containing sunset provisions. AHCA’s general counsel said the agency amended 26 of the objected rules but declined to amend five others, arguing sunset provisions are lawful, are not themselves rules, and were consistent with a 2019 gubernatorial directive. Committee members questioned that position, especially for licensing and certificate-of-need rules, and urged the agency to consider legislative changes; no formal action was taken on that item during the discussion.
The committee then considered an objection to Department of Management Services Rule 60G-1.001 defining the Governor’s Mansion grounds. Committee staff argued the rule is vague and improperly refers to future land acquisitions without updating the rule since 1998. DMS defended the rule as a general definition tied to publicly recorded property and a master lease, but said it would not object if the Legislature chose to codify the definition in statute. After discussion, the committee voted to file the objection.
Members also received informational updates from the Department of Environmental Protection on the Solaris state lands inventory system, and from the Florida Gaming Control Commission on its response to the Tampa Bay Downs unadopted-rule litigation, in which the commission said it has stopped relying on the prior tax interpretation and will not promulgate a rule on that issue. The Department of Business and Professional Regulation said it would remove an unsupported cigar wholesale dealer permit reference, repeal an obsolete excise-tax deduction rule, and amend penalty guidelines and an affirmation in its alcohol, beverage, and tobacco rules. Finally, the Division of Administrative Hearings’ interim director discussed case-processing times, possible changes to ALJ status, and whether the Florida Rules of Evidence should apply in administrative proceedings, emphasizing the need to weigh costs, independence, and impacts on pro se litigants. The chair noted this was likely the committee’s final meeting of the year.
HI
Transcript Highlights:
- , if we increase the standard deduction, if we increase the standard deduction, because<01:05:53.760
- So, increasing the standard deduction.
- that increasing the standard deduction that increasing the standard deduction would<01:10:26.080
- <01:11:10.600>
is would agree that a standard deduction is would agree that a standard deduction - <01:11:23.320>
and also look at the standard deduction and also look at the standard deduction
Bills:
HB2459, HB1616, HB1799, HB1604, HB1732, HB1736, HB1931, HB772, HB2153, HB2122, HB2009, HB2012, HB1779, HB2296, HB2397, HB2398, HB1596, HB2233, HB1976, HB1563, HB815, HB1655, HB1851, HB1941, HB2037, HB1635, HB2201, HB1943, HB1163, HB2452, HB2429, HB2148, HB2306, HB2007, HB2049, HB2616
Keywords:
food innovation, agribusiness, food safety, market access, branding, economic diversification, performance indicators, agriculture, aquaculture, commercial activity, swine production, Korean natural farming, housing development, commercial projects, county authority, public works, construction standards, exemption, zoning, housing
FL
Transcript Highlights:
- They can go ahead and file with the IRS and enjoy a property, an income tax deduction because it is their
- I used to be able to deduct all $56,000 a year I pay for my primary residence in property taxes, and
- year, I have $5,000 more in my pocket, all things being equal, and you realize that I was able to deduct
- You realize that I was able to deduct the full $10,000, now only $5,000 in property taxes.
- And I don't get to deduct that $2,500,000, like I did the $2,500 up to $5,000 that you reduced.
KY
Kentucky 2025 Regular Session
Budget Review Subcommittee on Health and Family Service (9-17-25) - Reupload
Transcript Highlights:
- Those are premiums and co-pays and deductibles that we pay for those members who's over the age of 65
- Those premiums have been going up astronomically over the last few years, as well as the deductible.
- Those are premiums and co-pays and deductibles that we pay for those members who's over the age of 65
- Those premiums have been going up astronomically over the last few years, as well as the deductible.
- Those are premiums and co-pays and deductibles that we pay for those members who's over the age of 65
Summary:
The Health and Family Services committee heard an informational presentation on Kentucky personal care homes from representatives of the Kentucky Association of Healthcare Facilities, Management Systems of Kentucky, and Elder Care Partners. Witnesses described personal care homes as a lower-cost, 24/7 residential option for adults, often with serious mental illness, who do not meet nursing home criteria but need structured supervision, medication assistance, meals, and daily support. They said the homes are regulated by the Cabinet for Health and Family Services, are not Medicaid-funded, and are supported largely through state supplementation payments and residents’ SSI income.
The presenters argued that the current reimbursement rate of about $50.70 per day is no longer sufficient to cover staffing, food, insurance, utilities, maintenance, and other costs, and said the sector has shrunk significantly over time. They cited figures showing a decline from 64 to 34 homes serving the seriously mentally ill since 2002, with 30 closures over 23 years, and said the loss of beds contributes to homelessness, hospital overcrowding, and longer psychiatric stays. They also gave examples of residents who had spent many months in hospitals before being successfully placed in personal care homes, which they said can prevent more costly institutional care.
Committee members asked about staffing credentials, fraud controls, referral processes, and how reimbursement works in other states. The presenters said Kentucky does not require licensed or certified staff in these facilities, though some homes use certified medication technicians or an LPN, and they described a county case-manager-based assessment process used to set individualized rates in other states such as Minnesota. Members expressed support for the work but emphasized the need for documentation of savings and budget offsets. The presenters said they are seeking an incremental reimbursement increase over two years, roughly 25% to 50% in the first year and another 50% after that, and urged the committee to support the homes to prevent further closures.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Education (2-27-25)
Transcript Highlights:
- five low-attendance days in addition to the five days deducted.
- Five days deducted, so I think that's great.
- five low-attendance days in addition to the five days deducted.
- 00:58:04.319>
calculated <00:58:04.920>by <00:58:05.160>by <00:58:05.319>deducting - <00:58:06.079>
five shall be calculated by by deducting five shall be calculated by by deducting
Keywords:
Meeting Start: 00:01:04
Attendance Roll Call: 00:01:12
Senate Bill 3 (Sen. Wise): 00:05:28
Senate Bill 6 (Sen. Givens): 00:32:17
House Bill 241 (Rep. Truett): 00:52:18
Senate Bill 268 (Sen. Reed): 01:11:57
Adjournment: 01:24:48, 958, all
Summary:
The Senate Standing Committee on Education met and first handled introductions of guests and visitors from several school districts and education groups. The committee then took up Senate Bill 3, which relates to student athletes and includes an emergency clause. The bill sponsor and invited witnesses, including athletics directors from the University of Kentucky and the University of Louisville, said the measure is intended to update Kentucky’s NIL laws in light of the House v. NCAA settlement and other national changes in college athletics.
Supporters said SB 3 would let Kentucky universities directly compensate student athletes, help them secure third-party NIL deals, require reporting of deals over $600, and create guardrails and fair-market-value review to reduce pay-for-play concerns. They emphasized that the bill is meant to keep Kentucky institutions competitive, align with expected national standards, and prepare for changes expected around July 1, 2025. Witnesses also discussed the need for more uniform rules nationally, the role of the Power Four conferences in developing governance and clearinghouse systems, and the desire to preserve both athlete mobility and continuity in college sports.
Several members raised concerns about the transfer portal, NIL incentives, and the broader effect on college athletics, with one senator saying NIL and the portal have damaged the sport but acknowledging Kentucky must compete. Witnesses responded that tighter portal windows and clearer national rules would help, while still preserving student-athlete transfer rights when needed. After discussion, the committee moved to a vote on SB 3; the roll call was taken, and the bill advanced out of committee, with at least one senator explaining a reluctant yes vote because of competitive pressures on the Commonwealth.
NH
New Hampshire 2025 Regular Session
House Finance Division III (05/20/2025)
Transcript Highlights:
- Um, they’ll have income and that income has to be attributed to their cost of care less certain deductions
- like Medicare premiums, and then they’re also one of those deductions is they’re allowed to retain their
- <00:28:44.399>
like care less certain deductions like care less certain deductions like Medicare - <00:28:49.279>
is <00:28:49.520>they're also one of those deductions is they're also - one of those deductions is they're allowed<00:28:50.080>
to <00:28:50.240>retain <00:28
Summary:
The committee heard testimony on Senate Bill 118, as amended, which contains several unrelated provisions with a modest fiscal note. Nathan White of the Department of Health and Human Services explained that section 1 would change the personal needs allowance for Medicaid-eligible residents of private and county nursing homes from an adjustment every five years to an annual adjustment, increasing the state cost by about $50,000 per year. He also described section 2, a one-time appropriation of about $160,000 to make certain Hampstead employees whole for missed bonuses and lost leave during the state’s transition of the facility to Dartmouth management.
White then outlined sections 3 through 5, which would create a dedicated fund for Hampstead lease revenue to cover the state’s contractual obligation to match Dartmouth capital improvements dollar-for-dollar up to $3 million. He said the state receives about $1.141 million in lease revenue in the first year, with a 3% annual escalator, and that the fund would hold lease revenue until needed for reimbursement. Members questioned how the matching arrangement would work, what happens if Dartmouth spends before the fund has enough money, and whether the state could refuse to match certain improvements. White said Dartmouth has final determination under the agreement if disputes arise, and that if the bill does not pass the state could face difficulty meeting the obligation without cutting services or finding other general funds.
Several members also raised policy concerns about the personal needs allowance becoming an automatic cost driver. Brian Clark, attorney for the Bureau of Adult and Aging Services, clarified that current law requires the allowance to be updated at least every five years, but the legislature could change it in an off year if it chose. He also explained that the allowance is money residents retain from their own income, such as Social Security, as part of Medicaid cost-of-care calculations, and that the department does not regulate how residents keep those funds. No vote was taken during the discussion, and the committee paused to correct the bill copy before continuing testimony.
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Jun 21st, 2026 at 01:00 pm
Transcript Highlights:
- each of these, we make basic assumptions in terms of family status and people taking the personal deduction
- In the fight for the 20% deduction permanency, NFIB asked business owners in Massachusetts how they would
- In the fight for the 20% deduction permanency, NFIB asked business owners in Massachusetts how they would
- A Shrewsbury employer wrote that they used deduction savings for pay raises, new HVAC equipment, and
- It is important to note that this proposed 20% income tax deduction cut is simply not an across-the-board
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state’s tax collection cap/62F process so it would be based on prior-year collections plus wage growth and include surtax revenue. The committee chair and House co-chair outlined the hearing process, and the first witness was Doug Howgate of the Massachusetts Taxpayer Foundation, who testified as the committee’s subject-matter expert on both measures. He said the income tax proposal would lower taxes broadly but would reduce state revenue by about $5.4 billion when fully implemented, with an estimated $800 million hit in FY27, and he discussed possible effects on competitiveness, taxpayer savings, and public finances. On the 62F proposal, he said the revised cap would make refunds more likely, could have produced several large refunds in recent years, and would reduce stabilization fund deposits and constrain recovery after recessions.
Committee members questioned Howgate about competitiveness, outmigration, prior tax ballot measures, spending growth, MassHealth, and the interaction between the income tax and surtax. He emphasized that taxes are only one part of the state’s overall competitiveness and that housing, public services, and other factors also matter. He also noted that the surtax is constitutionally restricted but can still support ongoing spending choices. After his testimony, the committee moved to the proponents’ panel.
Proponents of both initiatives, including representatives from Taxpayers for an Affordable Massachusetts, the National Federation of Independent Business, Pioneer Institute, and the Mass Opportunity Alliance, argued that the measures would improve affordability, help retain residents and businesses, and support job growth. They cited polling support, outmigration, small-business reinvestment, and comparisons to lower-tax states such as North Carolina. Their economist, Rebecca Paxton, said her model showed smaller revenue losses than critics claim and projected that the revised revenue cap would not create additional annual revenue losses while producing more regular taxpayer refunds. Committee members pressed the panel on competitiveness, prior ballot initiative implementation, and whether the measures would actually address broader affordability pressures; the hearing ended with the committee continuing to take questions from the proponents.
WY
Wyoming 2026 Regular Session
House Corporations, Elections & Political Subdivisions, February 23, 2026
Corporations, Elections & Political Subdivisions
Transcript Highlights:
- So it wouldn't be on a W-2, of course, which health insurance shows up as one of those little deductions
- So it wouldn't be on a W-2, of course, which health insurance shows up as one of those little deductions
- , but you have a separate tax form that you deal with the IRS, so the IRS knows that you had the deduction
- So it wouldn't be on a W-2, of course, which health insurance shows up as one of those little deductions
- Separate tax form that you deal with the IRS, so the IRS knows that you had the deduction.
Bills:
HB0086
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am
Joint Committee on Financial Services
Transcript Highlights:
- powerful incentives to deny claims, restrict coverage, and shift costs onto patients through high deductibles
- him that people do not want to get into the ambulance because they are afraid of the co-pay and deductibles
- Richard Raymond said that the $100 cap means it does not matter what the deductible or co-pay is, because
- CEO, he also takes phone calls from upset customers and explains why the price is high, including deductibles
- I know how expensive they are with deductibles and co-pays and all the other stuff people are asked to
Summary:
The Joint Committee on Financial Services held a lengthy public hearing with more than 70 people signed up to testify, focusing mainly on health insurance and health care access bills. Early testimony centered on H.1257/S.712, which would require insurance coverage for medically necessary treatment of genetic craniofacial conditions. Supporters included legislators, dentists, and medical experts who said these conditions are not cosmetic, can severely affect eating, speech, pain, and social functioning, and often create major financial hardship because insurers deny coverage. A related dental bill, H.1262/S.676, drew technical testimony from the Life Insurance Association of Massachusetts about implementation issues with the 2022 dental loss-ratio law, while the Massachusetts Dental Society supported H.1306/S.696 on transparency in dental network leasing and opposed H.1262. Representative Gentile also testified for H.4013, which would ban for-profit acute care hospitals and for-profit health insurers in Massachusetts, arguing that profit incentives undermine patient care.
A major portion of the hearing was devoted to H.1261/S.799, a bill to protect patients from surprise ambulance bills. Municipal fire chiefs, Boston EMS, nonprofit ambulance providers, and the bill’s Senate sponsor said the measure would require insurers to pay ambulance providers directly and promptly, cap patient out-of-pocket costs, and reduce confusion caused by out-of-network billing. Witnesses described ambulance services as essential public health infrastructure and said current billing practices can discourage people from calling 911 or leave municipalities and nonprofits unable to recover costs. Committee members asked about unpaid debt, municipal billing burdens, and how the bill would affect rates and reimbursement. No votes were taken during the hearing.
The committee also heard extensive testimony on H.1249/S.805, which would require screening for PANS/PANDAS in medical and clinical settings. Legislators, clinicians, parents, a teen with the condition, and educators described PANS/PANDAS as an infection-triggered inflammatory illness that can present as sudden psychiatric symptoms and is often misdiagnosed as a mental health disorder. Supporters said routine screening at well visits, emergency rooms, and other clinical settings would help identify children earlier, reduce unnecessary psychiatric treatment and hospitalizations, and improve outcomes. Testifiers repeatedly urged favorable action, emphasizing the personal and financial toll on families and the potential for early treatment to prevent long-term harm. The hearing concluded with continued testimony on these bills; no committee action or votes were announced.
VA
Transcript Highlights:
- Other opposed note, the committee's subsidies agreed to deduct the Fair Pax, Delegate, Watt.
- about the trust fund balance, which means they will control what our people in their payroll gets deducted
- But our people in their payroll gets deducted.
- But our people in their payroll gets deducted.
- Although the polls, no, the Committee substitutes agree to deduct from Fairfax, Dougher Helmer. Mr.
NJ
New Jersey 2026-2027 Regular Session
Senate Budget and Appropriations Jun 28th, 2026
Senate Budget and Appropriations
Transcript Highlights:
- Senate Bill 4536 opposes a temporary $1 million cap on use of net operating loss deduction under the
- committee amendments would provide that the limitation on the amount of a taxpayer's net operating loss deduction
- A taxpayer's net operating loss deduction does not apply to a public utility.
- Of the corporate filers that claimed more than a million dollars in net operating loss deductions, about
- In 2023, $1.2 billion was estimated to be lost to the NOL deduction.
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Jun 21st, 2026 at 02:00 pm
Transcript Highlights:
- family, we own a home, we pay our mortgage, and we get to benefit from the mortgage interest tax deduction
- So it's a privilege that my family gets to benefit from the mortgage interest tax deduction.
- family, we own a home, we pay our mortgage, and we get to benefit from the mortgage interest tax deduction
- So it's a privilege that my family gets to benefit from the mortgage interest tax deduction.
- And that's also in its own family gets to benefit from the mortgage interest tax deduction if that's
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on Initiative Petition 25-21, House Bill 508, an act to protect tenants by limiting rent increases. Committee leaders explained the Article 48 initiative process and said the hearing was intended to gather testimony for a report to the legislature. The measure would replace current state law that prohibits rent control, cap annual rent increases at the lower of CPI or 5%, exempt certain properties including owner-occupied buildings of four or fewer units, subsidized, university, nonprofit, and short-term rental housing, and exempt new construction for 10 years. It would also eliminate vacancy decontrol, so limits would continue when units turn over, and enforcement would rely largely on tenants and the Attorney General through the courts. The hearing began with expert testimony from Whitney Airgood-Obrien of Harvard’s Joint Center for Housing Studies, who described Massachusetts’ severe rental affordability problems and reviewed research on rent regulation, noting mixed evidence on supply and quality effects but clearer evidence that rent regulation can slow rent growth and improve tenant stability.
Supporters of the petition, led by Carolyn Chow of Homes for All Massachusetts, argued that rent stabilization is needed now to curb displacement and runaway rent increases, especially for low- and moderate-income renters. Laura Frost described her Arlington building being bought by a large firm that sought steep rent hikes, and said rent control would help prevent “tenant flipping” and community displacement. Dave Foley of SEIU Local 509 said the issue affects workers’ ability to live near their jobs, while Dr. Mark Paul and Tram Huang argued that the evidence supports well-designed rent stabilization, that vacancy decontrol encourages displacement, and that the policy should be seen as a complement to new housing production rather than a substitute. Committee members questioned supporters about the 10-year new construction exemption, the lack of vacancy decontrol, and whether rent stabilization could discourage development; supporters responded that the measure targets corporate rent gouging, that small landlords are protected by exemptions, and that production and rent stabilization can coexist.
Opponents, including representatives of small property owners, chambers of commerce, and labor/building trades, argued the proposal would hurt small landlords, reduce investment, and slow housing production. They said operating costs such as taxes, insurance, and maintenance are rising faster than the proposed cap, and warned that the measure would reduce property values and tax revenue and could push investment to other states. Several opponents emphasized that many Massachusetts housing providers are mom-and-pop owners rather than large corporations, and said the policy would make it harder to maintain and improve housing. Committee members pressed both sides on the need for a middle ground between affordability and preserving development incentives, but no vote was taken at the hearing.
AR
Transcript Highlights:
- House Bill 1006 by Representative Holland to increase the amount of the income tax deduction allowed
- Currently, teachers are allowed to deduct $500 per year from their income tax for classroom improvements
- , and this bill allows for teachers to deduct up to $1,000 from their income taxes.
- to use this, her paycheck, to be able to create a closet for these students, she would be able to deduct
Summary:
The meeting was a Girl State House session in which members received a brief orientation on chamber rules, decorum, voting procedures, and how to use the floor, followed by prayer, the pledge, and attendance. The parliamentarian and House leaders emphasized respectful conduct, recognition procedures, live microphones/cameras, and how motions such as immediate consideration work. After the rules overview, the chamber began considering bills in order.
House Bill 1001, which would have prohibited over-the-counter diet pills from being sold or transferred to anyone under 18, drew debate over eating disorders, teen health, and whether parents or sellers would be affected. Supporters argued it would protect minors from harmful diet culture, while opponents raised concerns about medical exceptions and whether the age limit should be 21 instead. The bill failed, 42-55 with two present. House Bill 1002, allowing lottery winners to remain confidential, was amended during discussion to cover a $100,000 threshold and special rules for elected officials; supporters said it would protect winners from scams and harassment, while opponents raised transparency concerns. It passed 79-17 with one present.
House Bill 1003, requiring schools to provide resources and courses on child labor/workplace laws, was debated as a workforce-readiness measure, but members questioned whether it should be a required course, an online option, or limited to older students. The bill failed 22-73 with three present. House Bill 1004, creating the Arkansas Head Injury Act and requiring helmets and face protection for motorized cycle operators and passengers, received strong support based on safety and personal testimony about motorcycle deaths; it passed 94-4. House Bill 1005, the Adult Preparedness Act, would have required a year-long personal finance course before graduation; members debated whether the material was already covered in existing classes and whether schools had time and staffing to implement it. It failed 35-60 with four present.
House Bill 1006, increasing the teacher classroom investment tax deduction from $500 to $1,000, was broadly supported as a way to help teachers pay for classroom supplies and student needs, and it passed 97-0 with one present. House Bill 1008, aimed at encouraging entrepreneurial businesses by limiting national franchises in local economic zones, sparked debate over how to define zones, whether existing chains would be affected, and the impact on jobs and affordable shopping options; it failed 23-69 with six present. The session then moved to House Bill 1009, establishing a blue envelope program for people with intellectual disabilities during police interactions; the sponsor explained it would be optional and included in law-enforcement training, and supporters said it could reduce confusion and improve safety. The transcript cuts off before the bill’s final action.
AR
Transcript Highlights:
- House Bill 1,006 by Representative Holland to increase the amount of the income tax deduction allowed
- Currently, teachers are allowed to deduct $500 per year from their income tax for classroom improvements
- , and this bill allows teachers to deduct up to $1,000 from their income taxes.
- to use this, her paycheck, to be able to create a closet for these students, she would be able to deduct
Summary:
The meeting was a Girl State House session in which members received procedural guidance on chamber rules, recognition, voting, and decorum, then moved through a series of bills. The first bill, House Bill 1001, would have prohibited over-the-counter diet pills from being sold or transferred to minors; supporters argued it would protect teens from eating disorders and misuse, while opponents raised concerns about medical exceptions and the age cutoff. It failed 42-55. House Bill 1002, allowing lottery winners to keep their identities confidential for a period of time, was amended during discussion to a three-year confidentiality period and passed 79-17 after a motion for immediate consideration. House Bill 1003, requiring schools to provide resources and courses on child labor/workplace laws and readiness, drew debate over whether it should be mandatory, what age group it should cover, and whether schools could support it; it failed 22-73. House Bill 1004, the Arkansas Head Injury Act requiring helmets and protective gear for motorized cycle riders, passed 94-4 after testimony focused on safety for riders, other drivers, and first responders.
Members then considered House Bill 1005, which would require a year-long personal finance course before graduation to teach budgeting, taxes, credit, and related life skills. Supporters said it would better prepare students for adulthood, while opponents argued the material is already covered in existing classes and raised concerns about scheduling and implementation; it failed 35-60. House Bill 1006 increased the teacher classroom investment income tax deduction from $500 to $1,000, with supporters emphasizing teachers’ out-of-pocket spending on classroom supplies and student needs; it passed 97-0. House Bill 1008 sought to limit the number of national franchise businesses in an economic zone to encourage local entrepreneurship and protect small businesses, but opponents argued it could hurt jobs, limit consumer options, and was unclear in scope; it failed 23-69.
The House then passed House Bill 1009, creating a voluntary blue envelope program for people with intellectual disabilities to help law enforcement interactions, after supporters said it could reduce confusion and improve safety; it passed 87-5. The final bill introduced before the transcript ended was House Bill 2010, which would increase the income tax credit for Arkansas families supporting a child with special needs; the sponsor began by sharing a personal story about her brother with Down syndrome and the costs families face, but the discussion was cut off before debate or a vote.
AL
Alabama 2026 1st Special Session
Alabama House Financial Services Committee Mar 18th, 2026
Financial Services
Transcript Highlights:
- amendment by the Department of Revenue that if they claim a tax credit they can't claim it also as a deduction
- it<00:07:36.400>
also <00:07:36.720>as <00:07:36.960>a <00:07:37.120>deduction - <00:07:38.000>
so can't claim it also as a deduction so can't claim it also as a deduction
Bills:
HB585
Keywords:
Washington County, circuit clerk, compensation, county government, local legislation, 1136, house, all
NM
Transcript Highlights:
- The deductibles were structured by separating members into six classes based on student enrollment.
- The deductibles were structured by separating members into six classes based on student enrollment counts
- A per claim deductible was added with the maximum out-of-pocket amount proportional to the member's size
- NMCIA will cover a one-time $25,000 deductible for all costs incurred in investigating a claim.