Video & Transcript Research : 'Internal Revenue Code'

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TX
Transcript Highlights:
  • is sales tax revenue.
  • This was over 12% of our annual revenue from sales tax.
  • That one's working. revenues are statutorily restricted under Chapter 351 of the tax code to uses that
  • The city receives 2% from hotel occupancy tax revenues. and 2% revenue tax to pay off the bond for the
  • In my seventh year on the council, I have never approved a budget because it was a no-revenue, non-revenue
FL

Florida 2026 Regular Session

Appropriations Mar 2nd, 2026

Appropriations

Transcript Highlights:
  • This bill authorizes the clerks to retain the full amount of revenue collected by the Article 5 Revenue
  • Revenue Code.
  • The strike-all amendment adopts the Internal Revenue Code in effect on January 1, 2026, except the amendment
  • Revenue Code that was in effect on January 1, 2025.
  • The amendment maintains current law by holding to the Internal Revenue Code that was in effect on January
Summary: The Appropriations Committee met and considered a large agenda of bills, reporting several measures favorably. Early action included SB 6, a settled claim bill involving the Department of Children and Families and the estate of Leila Estrada and Sapphire Williams, which was approved for $3.8 million. The committee also passed a cybersecurity internships bill creating a Department of Commerce program with Cyber Florida, and SB 532, which lets clerks of court retain the full amount of certain excess revenue and clarifies foreclosure-sale procedures. Veterans housing measures, CS for CS for SB 1602 and SB 1604, were approved to create a pilot program and a related trust fund for vacancy relief and risk mitigation for veteran housing. The committee also favorably reported SB 1110 on Medicaid and insurance coverage for orthotics and prosthetics, with emotional testimony from a student and family describing the high cost and importance of activity-specific prosthetics. Members also approved CS for CS for SB 1012 after adopting an amendment that removed inmate emergency and specialty medical service compensation provisions while retaining changes to the contractor-operated institutions inmate welfare trust fund. Another bill, CS for CS for SB 1614, was narrowed by a delete-all amendment to focus on limiting the use of excess fees for new building construction by local governments. All of these measures were reported favorably after brief debate, with some support testimony submitted in writing or waived. The most extensive discussion centered on CS for CS for SB 17, a major Medicaid and public assistance overhaul. The bill would create a Joint Legislative Committee on Medicaid Oversight, allow the Legislature to retain its own actuary, tighten Medicaid program oversight, update encounter-data reporting, set performance standards for managed care plans, revise pharmacy benefit manager rules, and require DCF to implement SNAP fraud-reduction and payment-accuracy reforms, including photo IDs on EBT cards and updated work requirements. It also would direct agencies to seek federal waivers for Medicaid work requirements for able-bodied adults and expanded behavioral health services. After lengthy questioning and testimony, the committee adopted amendments adding a transitional medical benefits glide path for people who gain employment and later lose Medicaid eligibility, and exempting hospice patients with six months or less to live. Supporters argued the bill would improve accountability, reduce fraud, and save money, while opponents warned it would create administrative burdens, increase paperwork, and cause eligible people to lose coverage or food assistance. The committee ultimately reported the bill favorably as amended.
TX

Texas 89th 2nd C.S.

Land & Resource Management Mar 13th, 2025

Land & Resource Management

Transcript Highlights:
  • Under current statute, based on agreements under the local, Texas Local Government Code between a city
  • Under Texas Local Government Code chapter 242001D2.
  • And under Texas Local Government Code Chapter 232008, a county may cancel a subdivision, but only if
  • Under chapter 54 of the Water Code, it is required to notify the commissioner's Court of the county where
  • Chapter 26 of the Texas Water Code requires discussion of regionalization initiatives.
Bills: HB23
TX

Texas 89th 2nd C.S.

Judiciary & Civil Jurisprudence May 14th, 2025

Judiciary & Civil Jurisprudence

Transcript Highlights:
  • I mean, you know, the Property Code essentially provides that if you're going to give a notice to vacate
  • So the time periods are short either under the Property Code or under the terms of the lease.
Bills: SB1015, SB2933
Summary: The Committee on Judiciary and Civil Jurisprudence heard testimony on Senate Bill 1015, which would clarify that the comptroller is responsible for distributing excess judicial fund payments back to statutory probate courts. Judge Guy Herman testified in support, saying the bill would help ensure probate courts receive funding they are entitled to, while Ed Heimlich testified against the bill with broad criticism of probate courts and judicial practices. The committee then heard Senate Bill 2933, which would add elder abuse training to required judicial education for several categories of judges and judicial officers; Dr. Bruce Hargrave supported the bill, citing the prevalence and underreporting of elder abuse and the need for judges to recognize warning signs. No votes were taken on either of those bills, and SB 2933 was left pending. The committee then reconsidered Senate Bill 38, an eviction-related bill, and Vice Chair Hayes described two agreed floor amendments: one limiting the summary disposition procedure to forcible entry and detainer cases involving squatters, and another requiring a notice to pay rent or vacate for tenants who had been timely payers but missed a payment. After discussion, the committee voted 6-4 to report SB 38 without amendments. The committee also adopted or advanced a series of other bills and resolutions, including SB 293, SB 1141, SB 1448, SB 1536, SB 1558, SB 1838, SB 1940, SB 2127, SB 53, SB 251, SB 311, SB 387, SB 441 (with a substitute), SB 1164, SB 1335, SB 1574 (with a substitute), SB 1719, SB 1760, SB 1839, SB 1923 (with a substitute), SB 2807, and SJR 27 (with a substitute). Most measures were reported favorably on largely party-line or near-unanimous votes, with a few close votes on SB 942, SB 311, SB 2807, and SJR 27. SB 942, relating to retroactive child support beginning at conception, initially failed 5-5 but was reconsidered and then passed 6-5. The committee adjourned after completing its agenda.
TX

Texas 89th Regular

Judiciary & Civil Jurisprudence May 14th, 2025

Judiciary & Civil Jurisprudence

Transcript Highlights:
  • I mean, you know, the Property Code essentially provides that if you're going to give a notice to vacate
  • So the time periods are short either under the Property Code or under the terms of the lease.
Bills: SB1015, SB2933
TX

Texas 89th Regular

S/C on Transportation Funding Apr 14th, 2025

S/C on Transportation Funding

Transcript Highlights:
  • Currently, there's a conflict with the Transportation Code and the Government Code.
  • However, the Government Code states that interest made on all general revenue dedicated funds and accounts
  • The committee substitute solely amends the Government Code to exempt the SCRF from the General Revenue
  • to the General Revenue Fund.
  • The bill amends the Transportation Code to re-dedicate 50% of the revenue from permit fees to the State
TX

Texas 89th Regular

Ways & Means May 19th, 2025

Ways & Means

Transcript Highlights:
  • Without the risk of revenue disruptions, the city can avoid shifting the financial burden to property
  • Inconsistent with or not authorized by this code, the senator is trying to address inconsistencies with
AL

Alabama 2025 Regular Session

Alabama House Boards, Agencies and Commissions Committee Apr 16th, 2025

Boards, Agencies and Commissions

Transcript Highlights:
  • So, if you could come up front so we can see you, pages and interns, come up and introduce yourselves
  • He is our intern from Floyd in our back. He is our intern from Mobile, Alabama.
Bills: HB397, HB523, HB397
LA

Louisiana 2026 Regular Session

Finance May 21st, 2026

Finance

Transcript Highlights:
  • The governor utilized the revenue source when he built his budget.
  • The House used the increased revenue recognized in December for the current fiscal year when they amended
  • The reductions in revenue estimates require reductions in recurring expenses in the budget proposal.
  • Other funding from the Revenue Stabilization Fund focuses on initiatives at the local government and
  • Colleagues, Chairman and Chairman and members, House Bill 314 is a revenue sharing bill.
TX

Texas 89th 2nd C.S.

Pensions, Investments & Financial Services Mar 17th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • This theft also robs Texas of vital tax revenue, undermining our state's economic stability.
  • And the insurance code for our state employees and so.
  • that offense to the criminal code procedure.
  • to subchapter F, chapter 13A of the Code of Criminal Procedure.
  • I'm sorry, I'm with Service Corporation International.
Bills: HB201, HB272
TX
Transcript Highlights:
  • . lawful revenue.
  • road standards already in the code without...
  • All right, and we know and we move this to the disaster code to follow the other. disaster code changes
  • treatment under the tax code.
  • . revenue.
TX
Transcript Highlights:
  • Revenue they can reinvest into the Convention Center and hotel infrastructure.
  • Bring in new tourism and new subsequent revenue.
  • If we cannot... pledge the Project Financing Zone revenues with the other revenues we would plan to,
  • Usage by entities entitled to portions of that revenue in the treatment of hotel occupancy tax revenue
  • Holding hotel occupancy tax revenue is in contradiction of Texas statute.
TX

Texas 89th 1st C.S.

Local Government Aug 1st, 2025

Local Government

Transcript Highlights:
  • One, what is the no-new-revenue rate, which is how much revenue do you collect?
  • zip code in Texas for 2024.
  • Would you say your sales tax revenues are probably larger than your property tax revenues? No, sir.
  • And we did go up above the no new revenue rate, but this year we're planning for the no new revenue rate
  • million in revenue.
Bills: SB9
Summary: The Senate Committee on Local Government met to hear Senate Bill 9, which would lower the voter-approval tax rate for certain local taxing units from 3.5% to 2.5%. Sen. Bettencourt, the bill author, argued the change would continue the state’s property tax reforms begun in 2019, slow local levy growth, and give voters more say over larger tax increases. He and supporters cited data showing property tax levies have grown faster than population plus inflation, and said the bill would help protect taxpayers while preserving the state’s broader investments in school tax relief, water, rural law enforcement, and ambulance funding. Supporters included the Texas Taxpayers and Research Association, the Texas Association of Business, the Texas Public Policy Foundation, and the Texas Association of Manufacturers. They said the bill would improve transparency, encourage more disciplined budgeting, and create certainty for homeowners and businesses. They argued that lower tax-rate growth would help attract and retain employers and investment, and that voters would still be able to approve higher rates when needed. Local officials and other opponents said the bill would constrain cities and counties facing rapid growth, inflation, infrastructure needs, and public safety costs. Testimony from county judges, city finance officials, firefighters, and urban county representatives emphasized pressures from jail operations, roads, water, EMS, police and fire staffing, and unfunded mandates. Several witnesses asked for carve-outs or exemptions for public safety and disaster-related costs, warning that a one-size-fits-all cap could force service cuts or shift costs elsewhere. The committee heard extensive questioning but no final vote or disposition on the bill was taken in the portion provided.
TX

Texas 89th Regular

Local Government Apr 14th, 2025

Local Government

Transcript Highlights:
  • road standards already in the code.
  • Counties can adopt, you know, building code road standards already in the code without... so it's not
  • All right, and we know, and we move this to the disaster code to follow the other disaster code changes
  • treatment under the tax code.
  • They have kept those revenues in the community. The but-for is rent reduction.
Summary: The committee heard several local government and property tax bills, with most testimony focused on appraisal disputes, tax administration, and development rules. Senate Bill 1052 by Senator Hinojosa would address coastal county appraisal litigation by requiring property owners in certain large-value disputes to report an uncontested taxable value while appeals are pending, so taxing units can base truth-in-taxation calculations on more realistic revenue. Nueces County, Del Mar College, and Corpus Christi ISD testified in support, describing major budget shortfalls caused by refinery valuation disputes; the committee substitute narrowed and clarified the bill’s scope. No opposition was heard, public testimony closed, and SB 1052 was left pending. The committee also heard Senate Bill 1531, which would require local tax collectors to accept common electronic property tax payments such as credit cards, debit cards, and e-checks. Witnesses supported modernizing payment options and the committee substitute removed ACH/electronic funds transfer language to avoid bank-account disclosure concerns. Public testimony closed and the bill was left pending. Senate Bill 325, by Senator Perry, would restore platting and groundwater-certification requirements that were unintentionally weakened by prior legislation; supporters from county government, water groups, and builders’ representatives debated whether the real issue was groundwater protection or road standards for private roads. The bill was left pending after extensive testimony and no vote. The committee then took up Senate Bill 994 and SJR 46, which would exempt certain livestock feed inventory from property tax and provide the constitutional amendment needed for that change. Feed store and Farm Bureau witnesses supported the measure as relief for seasonal inventory taxes, and the bills were left pending. Senator Paxton presented SB 467 and SJR 84 to create a temporary property tax exemption for homes completely destroyed by fire, with refunds or corrected bills based on the date of loss; both were left pending. SB 1237 would clarify charitable property tax exemptions for senior housing and retirement communities, with testimony from Catholic and Baptist retirement organizations and a resident describing rising costs and exemption revocations; it was also left pending. The committee later voted 6-0 to report SB 2073, a pending bill on appraisal district authority to purchase or finance real property, and recommended it for the local and uncontested calendar. Finally, the committee heard SB 2172, SB 2173, and SB 2063, all related to property tax administration. SB 2172 would limit when appraisal districts can require homeowners to reapply for homestead exemptions, requiring a specific reason and written notice; SB 2173 would protect new homeowners from surprise tax liabilities caused by prior owners’ erroneous homestead exemptions, with testimony describing large back-assessment bills; both were left pending. SB 2063 would bar appraisal districts from using market-value evidence in unequal appraisal protests, and testimony sharply divided between taxpayer advocates, who said market data improperly overwhelms equity claims, and appraisal district representatives, who argued market value is inherently tied to equal-and-uniform taxation and cited a recent Texas Supreme Court decision; the bill was left pending after testimony.
TX

Texas 89th 2nd C.S.

Intergovernmental Affairs Mar 18th, 2025

Intergovernmental Affairs

Transcript Highlights:
  • And the entire funding mechanism of that MUD depended upon the tax revenue.
  • This has resulted in millions of dollars in lost property tax revenue.
  • For your recollection, HCR 35 is Representative Vargas' bill urging Congress to amend the Internal Revenue
  • Code to make spaceports eligible for tax-exempt private activity bonds.
  • HCR 35 is essentially a resolution that urges Congress to amend the Internal Revenue Code to make spaceports
Bills: HB21, HB211, HB223
TX

Texas 89th 2nd C.S.

Local GovernmentAudio only. Aug 26th, 2025

Local Government

Transcript Highlights:
  • It ought to be a QR code, a link, and then you go and access it that way.
  • On any paper notice that goes out, there ought to be a QR code.
  • Maybe have a link too if they don't know how to use a QR code, but I think any piece of paper that goes
  • Either a QR code or maybe both, a QR code and a link so people can see how to do that.
  • Appraisal districts could raise awareness of the resource by including a reminder with a QR code in the
Bills: HB17, HB23
TX
Transcript Highlights:
  • Then on any paper notice that goes out, there ought to be a QR code.
  • Maybe have a link, too, if they don't know how to use a QR code.
  • But I think any piece of paper that goes out should have either a QR code or maybe both.
  • Yeah, a QR code and a link so people can see how to do that in any paper mailing, and those ought to
  • Appraisal districts could raise awareness of the resource by including a reminder with a QR code in the
Bills: HB17, HB23