Transcript Highlights:

• And so not only is this complicated and time-consuming for the CPA, but it's also time-consuming in the

Summary: The committee first approved the minutes from its fourth meeting, held October 27-28 in Santa Fe, with Representative Duncan moving approval and no opposition. The chair then introduced a panel on the cost of providing medical care in New Mexico, focusing on physician shortages, rising practice costs, and access problems, especially in southern New Mexico and Las Cruces. Panelists included family physicians, a pediatrician, a cardiologist/electrophysiologist, and a community health center medical director, who described their backgrounds and practices before turning to the policy discussion. The doctors argued that New Mexico is losing physicians because of three main pressures: medical malpractice exposure, gross receipts tax on medical services, and low Medicaid reimbursement. They said malpractice premiums are much higher than in neighboring states, punitive damages and venue shopping increase risk, and the patient compensation fund and attorney fee structure create additional costs. They also described administrative burdens from insurance billing and referrals, the high debt and long training period for physicians, and the effect of corporate medicine and private equity on practice decisions. One panelist emphasized the economic impact of each physician on jobs and local spending, while another noted that shortages force patients into emergency rooms and delay specialty care. The panel presented a list of proposed solutions: reform punitive damages, limit venue shopping and stacking, restore lifetime medical payments from the patient compensation fund, enact apology protections, cap attorney fees, continue Medicaid funding improvements, and eliminate gross receipts tax on medical and dental services. Committee members generally agreed the presentation was thorough and useful, but several noted that some proposals fall outside this committee’s jurisdiction and would likely need to move through other committees, especially judiciary and tax. Some members supported drafting legislation or working on separate bills, while others urged caution, requested more input from hospitals and economists, and raised concerns about local government revenue impacts from GRT changes. The chair concluded by encouraging members to continue discussions offline and noted that the tax-related issue would be taken up further in the next day’s work.

Transcript Highlights:

• And so the CPAs that are all of the industries that are looking at here are going like, I don't understand

Transcript Highlights:

• They also do referrals to CPA firms with assistance in financial reporting.

Transcript Highlights:

• third area where we could have raised more revenues to increase county program aid, commonly known as CPA

Transcript Highlights:

• I did some checking and found that the threshold for having a CPA audit... ...full audit of your liquor

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• Second, by June 1st, 2027, the CPA, State Water Control Resource Council Board and Regional Water Water

Keywords: 988, house, all

Transcript Highlights:

• My professional background is that I'm a CPA, so I think they look to me for stats and whatnot.

Keywords: Meeting Start 00:00 Roll Call 00:24 SB 3 Discussion 01:06 SB 3 Vote 04:51 SB 15 Discussion 07:14 SB 15 Vote 14:42 SB 103 Discussion 15:39 SB 103 Vote 33:53 SB 201 Discussion 35:44 SB 201 Vote 39:47, 958, all

Summary: The House Standing Committee on Economic Development and Workforce Investment met with a quorum and first considered Senate Bill 3, relating to student athletes and NIL. Senator Max Wise said the bill would modernize Kentucky’s NIL framework so universities remain competitive and student-athletes can benefit, noting the state’s earlier NIL law and the need to act before a pending national settlement. Several members supported the bill but expressed concern that NIL has changed college athletics and could eventually affect high school sports. The committee reported Senate Bill 3 favorably. The committee then took up Senate Bill 15, relating to minimum wage exceptions for minor league baseball players. Senator Amanda Bledsoe and MLB representative Josh Allen explained that the bill would align Kentucky law with the players’ collective bargaining agreement, treating the players as salaried rather than hourly workers and addressing overtime issues. Members discussed the minimum weekly salaries at Single-A and Triple-A, along with housing, meals, and health benefits under the agreement. The committee adopted a committee substitute, passed a title amendment, and reported Senate Bill 15 favorably. Finally, the committee heard Senate Bill 103, which concerns the Office of Vocational Rehabilitation and services for people with disabilities. Senator Danny Carroll and provider advocates said the bill would add regulatory oversight, require reporting to the legislature and governor, and give preference to in-state services when available, while preserving access to out-of-state services when needed. Testimony focused on Kentucky’s low employment ranking for people with disabilities, unused federal funds, provider funding concerns, and an OVR order of selection that would limit services to the most severe cases. The committee adopted a committee substitute and reported Senate Bill 103 favorably after supportive comments from members about the program’s impact on employment and quality of life.

Transcript Highlights:

• audited because of that liquor store and did some checking and found that the threshold for having a CPA
• threshold<02:59:13.600> for<02:59:13.840> having<02:59:14.000> a<02:59:14.319> CPA
• <02:59:15.040> audit,<02:59:15.520> full threshold for having a CPA audit, full threshold
• for having a CPA audit, full audit<02:59:16.080> of<02:59:16.240> your<02:59:16.399>

Keywords: 1183, house

Transcript Highlights:

• On part one, do New Hampshire CPAs have... Representative Tney, thank you, Mr. Chair.
• Part one and part two: on part one, do New Hampshire CPAs have... New Hampshire CPAs do not...
• Okay, so the New Hampshire CPAs, however, have great access to the actual Internal Revenue Code, all

Keywords: 928, house, all

Summary: The committee opened a public hearing on HB 402, a bill dealing with whether Education Freedom Account (EFA) payments should be described in state law as not constituting taxable income. The bill sponsor argued that the current statute is misleading because New Hampshire should not imply a federal tax result, and said the bill would remove that language and could also be amended to clarify that families should consult tax advisors. He emphasized that the measure was not intended to impose a state tax on EFAs, but to avoid giving inaccurate advice about possible federal tax liability. Testimony was divided. A retired representative and a tax preparer both opposed the bill, saying EFA payments are already treated consistently with IRS rules and that the bill would create confusion, administrative burden, and possible tax consequences for low- and moderate-income families. They argued the bill is a solution in search of a problem and warned that requiring 1099s could add costs for the scholarship organization and recipients. A tax attorney supported the bill’s repeal of the state language, saying New Hampshire should not put tax advice into statute and that the current wording is inaccurate because federal law, not state law, controls taxability. He cited IRS Section 117 and Publication 970, explaining that only some scholarship-like payments are tax-free and that many EFA-eligible expenses may not qualify for federal exemption. Members asked questions about what would be misleading, whether the bill was trying to tax EFAs, and the cost of issuing 1099s. The sponsor and witnesses repeatedly said the bill was not a state tax on voucher payments, but a clarification about federal tax treatment. No vote or final committee action was taken in the portion provided.

Transcript Highlights:

• I part one and part two on part one: do New Hampshire CPAs have page eight?
• Part one and part two: on part one, do New Hampshire CPAs have page eight?
• New Hampshire CPAs do not do not this page eight.
• Okay, so the New Hampshire CPAs, however, have great access to the actual Internal Revenue Code, all

Keywords: 928, house, all

Summary: The committee held a public hearing on HB 402, a bill to repeal a provision in RSA 194-F:2 stating that Education Freedom Account (EFA) funds “shall not constitute taxable income” to the parent or student. The bill sponsor argued the current language is misleading because the state cannot determine federal tax liability, and said the bill would simply remove inaccurate tax advice from state law. He cited IRS guidance and prior federal legislation, including a Ted Cruz proposal, to suggest some EFA uses may be taxable under federal law, while others may not, and said the bill could be amended if needed to avoid confusion. Testimony was sharply divided. Py Campbell opposed the bill, arguing it would unfairly single out EFA students and could amount to a tax on education funds, including for self-employed families, and recommended it be voted inexpedient to legislate. Stephen Matthew French, a tax preparer, also opposed the bill, saying IRS Publication 970 already makes clear that scholarship-type payments used for tuition and related expenses are not taxable, and that the bill addresses a problem that does not exist. He warned that adding tax reporting requirements could create administrative costs for families and the program administrator. Bill Ardinger, a tax attorney, supported the repeal of the statutory language, saying the state should not place potentially incorrect tax advice into law. He explained that under federal tax law, only certain scholarship-like uses are exempt, while many EFA-eligible expenses may not be, especially for families using the program for homeschooling or other nontraditional expenses. He said the current statute could mislead families into thinking all EFA payments are tax-free and could expose the state to future legal problems. The hearing ended after questions from committee members; no vote or final action was taken in the transcript.

Transcript Highlights:

• business that have a limited liability company or a limited partnership, but we've heard from their CPAs
• 39.040> their partnership but we've heard from their partnership but we've heard from their CPAs
• their<04:50:40.920> certified<04:50:41.520> public<04:50:41.920> accountants CPAs
• their certified public accountants CPAs their certified public accountants we've<04:50:43.120> heard

Keywords: U.S. House of Representatives Floor Proceedings on Monday, February 10, 2025, 1012, house, all

Transcript Highlights:

• Dave Smith, on behalf of the Jersey Society CPAs, in favor, no need to testify.

Keywords: 1146, all

Transcript Highlights:

• , and dealing with the licensing of... 1797, the companion bill, and dealing with the licensing of CPAs

Keywords: 959, house, all

Summary: The House opened with prayer, approval of the prior day’s journal by a 120-0 roll call, and a successful motion to suspend House Rule 98 so members could wear hats on the floor. The chamber then spent time on introductions of special guests, including the Eugene High School Class 2 basketball champions, family members of members, and other visitors. One member also used a personal privilege speech to respond to the U.S. Supreme Court’s voting-rights ruling, arguing it weakens protections for Black voters and other communities of color and calling for expanded access to the ballot. The House received committee reports recommending passage of House Substitute for House Bill 2426 and Senate Substitute No. 2 for Senate Bills 863 and 866. It then agreed to a motion to go to conference on the property-tax omnibus, Senate Bills 1066 and 1088. On third reading, House Bill 3329 passed 142-0 to repeal expired tax credits, and House Bill 3405 passed 138-0 to clean up SALT deduction language and improve tax-credit accounting. House Committee Substitute for House Bill 2426, a parental-rights bill, failed on a 70-60 vote after opponents argued it would burden schools and could endanger vulnerable students, while supporters said it affirmed parents’ fundamental rights. The House also took up House Committee Substitute for Senate Bill 1233, a professional licensure bill dealing with CPA licensing and other occupational-licensure provisions. Members adopted an amendment removing compact language, an amendment allowing APRNs and physician assistants to perform nursing-home physicals was offered but then withdrawn after the sponsor objected, and the bill ultimately passed 129-6. Finally, the chamber debated House Committee Substitute for Senate Bill 1408, a transportation package centered on allowing MoDOT to raise rural interstate speed limits up to 75 mph, with multiple amendments added or removed. The bill drew sharp debate over speed limits, vehicle inspections, DOR language, and road safety, and members also began considering an amendment to add specialty license plates for women’s professional sports teams such as the Kansas City Current and a future WNBA franchise.

Transcript Highlights:

• And what happens there is that there's an independent CPA who performs that audit.

Bills: S0484, S0698, S0706, S0968, S1118, S1122, S1134, S1320, S1342, S1548, S1614

Keywords: data centers, large load customer, large-scale data center, electric utility, public utility tariff, Florida Public Service Commission, FPSC, water permit, consumptive use permit, reclaimed water, groundwater, surface water, water management district, DEP, OPPAGA, economic development, land use, comprehensive plan, zoning, ratepayer protection

Summary: The committee heard several housing, local government, utility, and transparency bills. SB 1342 on transportation infrastructure and land development regulations, by Sen. Rouson, was presented as a housing-affordability measure modeled on the Live Local Act for transit corridors. After adopting an amendment that removed the bill’s compelling-governmental-interest language in enforcement provisions, the committee heard testimony from local-government and housing interests both supporting and opposing the bill’s zoning preemption approach. The bill was reported favorably. The committee also reported favorably CS/SB 1614, by Sen. Leek, which was amended to remove stormwater and code-enforcement spending provisions and to tighten restrictions on local governments seeking state appropriations after audits or without required affirmations. SB 1548, the next Live Local Act iteration by Sen. Claddie Ude, was also reported favorably; it expands where Live Local projects may be located and adds fair-housing protections. SB 968 on home backup power systems, by Sen. McLean, was reported favorably after testimony from builders and energy-related stakeholders, with the sponsor noting he was still working on amendments to refine permit provisions. The committee then approved CS/SB 698, by Sen. Martin, which allows building permits for single-family homes to be issued before septic permits are finalized if application has been made, while still requiring septic approval before occupancy. Builders testified that septic permit delays were causing lengthy project delays and contract cancellations. The committee also reported favorably SB 1320, by Sen. Martin, requiring county tax-increase referenda to include a Department of Financial Services spending analysis if available; the sponsor said the goal was to give voters more standardized fiscal information, while opponents argued existing law already provides similar transparency. SB 484, by Sen. Avila, on data centers, was reported favorably after an amendment adding a knowledge requirement to the foreign-country-of-concern service prohibition; the bill addresses local planning authority, nondisclosure agreements, utility tariff requirements, and water-use limits for large data centers. The committee also reported favorably SB 1118, by Sen. Avila, creating a one-year public-records exemption for data-center location and proprietary information, with testimony split between economic-development supporters and transparency concerns. Finally, the committee took up SB 706, by Sen. Mayfield, preempting naming of major commercial service airports to the state and designating Palm Beach International Airport as Donald J. Trump International Airport subject to federal and trademark conditions; it was reported favorably after questions about local input and airport naming. The committee then heard extensive public testimony on SB 1134, by Sen. Yarbrough, which would prohibit counties and municipalities from funding, promoting, or taking official actions related to DEI and would create penalties and a private right of action for residents. The sponsor argued the bill was aimed at preventing taxpayer-funded DEI programs and cited examples from Jacksonville and other jurisdictions; opponents said the bill was vague, overbroad, and would chill local programs, public education, and civil-rights-related activities. The transcript ends during continued public testimony on SB 1134, with no final committee action shown in the excerpt.

Transcript Highlights:

• And so after all of these smart CPAs couldn't figure it out on their own without a tutor from New Mexico

Bills: SB36, SB88, SB92, SB97, SB48, SB55, SB58, SB76, SB93, SB89, SB60

Keywords: quantum technology, tax credit, infrastructure, economic development, New Mexico, corporate tax, research and development, innovation, foster care, income tax, guardianship, youth services, financial relief, affordable housing, gross receipts tax, tax deduction, construction materials, multifamily housing, low income, tax credits

Transcript Highlights:

• They have an engineer, a CPA, and a grant writer.

Transcript Highlights:

• And, the auditor has the, or the CPA, or the auditor has the, it's put onto them to be able to make sure

Transcript Highlights:

• Members, SCP-262 creates an additional pathway to CPA certification. to help address workforce needs.

Bills: HB29, HB 125, HB145, HB171, HB255, HB50, HB796, HB363, HB 116, HB491, HB589, HB1495, HB368, HB 1285, HB1905, HB1360, HB2002, HB917, HB2723, HB2067, HB 1238, HB2337, HB745, HB 1188, HB1606, HB2003, HB2147, HB2391, HB2355, HB2546, HB2495, HB2818, HB2249, HB1749, HB3109, HB3228, HB3240, HB1507, HB658, HB1748, HB1851, HB1922, HB2001, HB2798, HB 107, HCR29, SB5, SB262, HB 11, HJR72, HB 106, HB18, HB48, HB27, HB37, HB1481, HB581, HB1696, HB2216, HB 1035, HB1633, HB742, HB754, HB1689, HB1690, HB2669, HB391, HB517, HB 1024, HB1607, HB252, HB1716, HB1562, HB4116, HB1866, HB1741, HB2103, HB2637, HB2884, HB503, HB 1089, HB2986, HB972, HB502, HB29, HB 125, HB145, HB171, HB255, HB50, HB796, HB363, HB 116, HB491, HB589, HB1495, HB368, HB 1285, HB1905, HB1360, HB2002, HB917, HB2723, HB2067, HB 1238, HB2337, HB745, HB 1188, HB1606, HB2003, HB2147, HB2391, HB2355, HB2546, HB2495, HB2818, HB2249, HB1749, HB3109, HB3228, HB3240, HB1507, HB658, HB1748, HB1851, HB1922, HB2001, HB2798, HB 107, HCR29

Keywords: water audit, water loss, water loss mitigation plan, municipally owned utility, municipal utility, water conservation, Texas Water Development Board, TCEQ, Texas Commission on Environmental Quality, water leakage, leak detection, billing data accuracy, utility validation, water audit validation, water scarcity, water management, infrastructure, public utility, conservation plan, administrative penalty

Transcript Highlights:

• Auditor Maestes releasing our audit, and then finally, Exhibit B is our final audit provided by Cordova CPAs

Transcript Highlights:

• I just want to make sure this CPA, layman kind of perspective is kind of getting his head around what

Bills: SB39, SB2129, SB2141, SB2246, SB2323, SB2439, SB2722, SB 39

Keywords: commercial motor vehicle, truck liability, motor carrier, trucking, civil liability, respondeat superior, negligent entrustment, negligent maintenance, negligent loading, negligent repair, bifurcated trial, exemplary damages, punitive damages, personal injury, collision, employer liability, vicarious liability, Civil Practice and Remedies Code, Texas tort reform, commercial truck accident