Video & Transcript Research : 'intangible assets'

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TX

Texas 89th Regular

Trade, Workforce & Economic Development May 7th, 2025

Trade, Workforce & Economic Development

Transcript Highlights:
  • unclaimed property laws into the digital age by treating virtual currency... ...just like other intangible
  • assets under this bill.
  • They must report their unclaimed assets to the comptroller and provide partial or full keys to guide
  • In other words, being able to use the strategic Bitcoin reserve to store these assets.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/3/26

Commerce Finance and Policy

Transcript Highlights:
  • As digital assets and personally.
  • And with these exchanges, assets.
  • those assets. those assets. >> Representative<00:36:02.240> Black.
  • holding the assets for for folks. holding the assets for for folks.
  • legally to recover any sort of asset. legally to recover any sort of asset.
Summary: The committee first approved the minutes from February 26, after correcting the header date to Thursday, February 26. It then took up House File 36004, as amended by the author’s technical A1 amendment. Representative Van Binsbergen described the bill as a change to statute governing bulk delivery of nonoxygenated fuel, especially for boats and other watercraft, to allow direct delivery to vehicles rather than requiring transport of fuel in containers or removal of boats from the water. Members generally supported the concept, citing convenience for lake users, reduced travel and potential invasive species spread, and fewer spill risks, but the chair said the bill would be laid over pending additional clarification from the State Fire Marshal’s Office and other agencies. House File 2236 was then introduced as a vehicle bill for possible future omnibus use and laid over without testimony or opposition. The committee also heard House File 3709, which would allow Minnesota banks and credit unions to offer custodial accounts for digital assets such as cryptocurrency. The authors framed the bill as a consumer-protection and competitiveness measure that would let local institutions keep pace with customer demand and prevent Minnesotans from relying on out-of-state or offshore providers. Testimony from the Department of Commerce and credit union representatives supported the bill, saying it would level the playing field, keep digital assets under Minnesota oversight, and help local institutions remain relevant; one witness said significant liquidity had been leaving local communities for outside exchanges. Questions from members focused on whether the accounts would be NCUA-insured, how the bill related to unclaimed property, and whether the policy goal was consumer protection or simply preserving bank relevance. Several members expressed support but also cautioned about crypto volatility, scams, and the need to avoid turning credit unions into exchanges. The discussion ended without a final vote in the excerpt, with the bill still under committee consideration.
TX
Transcript Highlights:
  • As digital assets become increasingly integrated into regular financial activities, it is necessary to
  • currencies that are presumed abandoned, preserving the ability of rightful owners to reclaim their assets
  • The bill applies to entities that have worldwide banking and non-banking assets, including affiliate
  • assets and trust assets under management for more than 85 billion dollars at any point during the previous
  • Our banks are well below $85 billion in assets.
TX
Transcript Highlights:
  • And those watching, what you mentioned about the use of those assets, and you made a reference to San
  • When it became obvious we needed to do something different with these assets, we worked with ERCOT leadership
  • registering neutral on SB 2056 because, as previously stated, our banks are well below $85 billion in assets
TX

Texas 89th Regular

Business and Commerce (Part I) Apr 3rd, 2025

Business & Commerce

Transcript Highlights:
  • wanted, could you remind the committee and those watching what you mentioned about the use of those assets
  • So when it became obvious we needed to do something different with these assets, we worked with ERCOT
Summary: The Senate Committee on Business and Commerce met with a quorum and first took up several pending and uncontested bills. It favorably reported SB 1405, SB 1762, SB 1977, SB 2077, SB 2148, and SB 1968, and also moved SB 2321 to the local and uncontested calendar. The committee then heard SB 819, which would change how the Public Utility Commission reviews proposed utility-scale solar and related interconnection projects. The committee substitute would shift the default so interconnection is allowed unless the PUC affirmatively prohibits it within 180 days, limit denial to cases where harm substantially outweighs benefits, remove public meeting requirements, retain setback and financial assurance provisions, add optional application materials such as national security and environmental information, and restore local control over county tax abatements. The substitute was adopted and SB 819 was favorably reported to the full Senate on a 7-3 vote. The committee then took up SB 231, focused on CenterPoint’s use of large emergency generators after Hurricane Beryl. Senator King explained that the original bill was intended to prevent customers from being charged for non-mobile generators that were leased at great cost and did not match the bill’s emergency-response purpose. CenterPoint’s Jason Ryan apologized for the company’s communication failures and said the company would make customers whole through a combination of rate reductions, foregone storm-cost recovery, and a donation of the 15 large generators to ERCOT for about two years to address a San Antonio-area reliability issue, with the company absorbing the associated costs. PUC Executive Director Connie Corona said the commission could enforce the agreement through its contested-case process. Public testimony included consumer and reliability advocates, one of whom argued utility-scale microgrids should be preserved as a policy option. SB 231 was left pending. The committee also heard SB 986, which would create an alternative process for routine Public Information Act requests so local governments can make initial redactions without sending every routine exception to the Attorney General, while preserving an appeal path and training requirements. Supporters said it would reduce backlog and speed access to records; opponents argued it would shift the burden to requesters and encourage delay. The AG’s office testified that the process could improve efficiency and still fit within current timelines if used promptly. SB 986 was left pending. Finally, SB 584 was briefly laid out to require consumer reporting agencies that buy data from others to ensure the information complies with Texas law on excluded items such as bankruptcies, judgments, and tax liens, and SB 600 was heard on heir property. SB 600’s substitute would strengthen notice, require an attorney ad litem, add an heir’s bill of rights, allow settlement conferences, and require fair-market-value sales protections; supporters said it would curb predatory partition practices, while opponents warned some provisions could burden or diminish minority heirs’ property rights. SB 584 and SB 600 were left pending after testimony.
NM

New Mexico 2026 Regular Session

House - Judiciary Feb 13th, 2026 at 05:37 pm

House Judiciary

Transcript Highlights:
  • So home, college savings accounts for kids, you know, personal assets.
  • those assets would not be subject to a judgment as a result of a medical malpractice claim.
  • for physicians' personal assets while preserving accountability for malpractice.
  • The reason that "natural person" is included is because this is really about personal assets.
  • It's really about those personal assets. So that's why the term "natural..."
HI

Hawaii 2026 Regular Session

CPC Public Hearing - Thu Feb 5, 2026 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • Okay, let's move on to HB 2003, relating to digital financial asset transaction kiosks. >> Office
  • <00:48:21.920> kiosk<00:48:22.800> and involving digital asset kiosk and involving
  • Uh, same with HP 2003 relating to digital financial asset kiosk transactions.
  • <01:26:53.840> It's financial asset kiosk transactions.
  • It's financial asset kiosk transactions. It's a<01:26:54.080> hard<01:26:54.320> name.
Summary: The committee on Consumer Protection and Commerce met on February 5, 2026, and heard testimony on several bills, beginning with HB 227 relating to eviction records. Supporters, including the Public First Law Center and the Office of Hawaiian Affairs, argued the bill would help people who prevail in eviction cases avoid long-term housing harm from online court records, while the Public First Law Center said keeping records off eCourt Kokua would not violate the First Amendment because the records would still be available in person. Members discussed access-to-justice concerns, and a witness said legal aid attorneys could still access the records through the attorney-only Jeff’s system and the court’s access-to-justice room. The chair also asked about precedent, and a witness cited a Hawaii Supreme Court case as supporting removal from the online database rather than sealing records entirely. The committee then took up HP 1775 relating to foreclosures, but the transcript only shows in-person opposition comments from the Hawaii State Bar Association Collection Law Section, the Hawaii Credit Union League, and the Hawaii Bankers Association. The credit union and banking groups said they had concerns about broader negative impacts on mortgage lending and other requirements, but no detailed discussion or action was captured before the committee moved on. The next measure, HB 1560 relating to consumer protection, drew support from the Office of Consumer Protection and cryptocurrency companies including Coinflip and America Digital, which said they already use wallet-pinning and other safeguards to prevent fraud. AARP Hawaii did not take a formal position but said the bill addressed a real problem, noting that Hawaii residents, especially in Kona, had lost more than $920,000 in 2024 to cryptocurrency ATM scams and arguing that stronger oversight was needed. The committee also heard HB 1642, which would ban cryptocurrency kiosks. The Office of Consumer Protection supported the ban as the best way to protect consumers from fraud, while Coinflip, Bitcoin Depot, and America Digital opposed it, arguing kiosks provide cash-based access to crypto, especially for unbanked or underbanked consumers, and that targeted regulation would be better than an outright ban. AARP Hawaii took no formal position but strongly emphasized the harm caused by scams, saying victims are often frightened into acting quickly and that kiosk transactions currently lack enough friction or intervention. Finally, HB 1647, also on consumer protection, would impose liability on host businesses that provide space for crypto kiosks. The Office of Consumer Protection warned small businesses might not understand the liability, while Coinflip, Bitcoin Depot, and America Digital opposed the bill, saying it would unfairly shift enforcement duties to host stores and could discourage businesses from hosting kiosks, effectively creating a de facto ban. No votes or final committee actions were taken in the portion of the meeting provided.
TX
Transcript Highlights:
  • The legislature has already worked to ensure that most intangible...
  • However, a handful of intangible assets, such as the stock values of insurance companies and savings
  • There's very limited revenue that the state even generates from these types of intangible assets.
  • The intangible personal property is, sorry, intangible personal property is not supposed to be taxed.
  • That's what intangible is, and there's only a handful of these left.
TX

Texas 89th Regular

Local Government (Part I) Apr 28th, 2025

Local Government

Transcript Highlights:
  • However, a handful of intangible assets such as the stock values of insurance companies and savings and
  • assets, um, in 20 fiscal year. 2023, the Comptroller reports said taxable value of intangible personal
  • If I could, Senator West, the intangible personal property is.
  • Uh, intangible personal property, uh, is not supposed to be taxed.
  • That's what intangible is and there's only a handful of these left.
CA

California 2025-2026 Regular Session

Assembly Revenue and Taxation Committee Jun 29th, 2026

Revenue and Taxation

Transcript Highlights:
  • And the intangibles was shortened down.
  • Solar property is unique in the sense that the physical assets aren't the entire asset, but we have to
  • And the intangibles was shortened down.
  • And solar property is unique in the sense that the assets, the physical assets aren't the entire asset
  • California's aviation network is a vital transportation and economic asset.
Keywords: 988, house, all
CA
Transcript Highlights:
  • And the intangibles was shortened down.
  • And solar property is unique in the sense that the physical assets aren't the entire asset, but we have
  • And the intangibles was shortened down.
  • And solar property is unique in the sense that the assets, the physical assets aren't the entire asset
  • California's aviation network is a vital transportation and economic asset.
Summary: The Assembly Revenue and Taxation Committee held a final hearing on a series of Senate bills, with the chair explaining the committee’s suspense-file process and then taking up measures in regular order and later from suspense. SB 1329 on solar property tax assessment drew the most extensive testimony: the author and industry supporters said it would create statewide assessment standards, exclude intangibles, and provide certainty for solar development, while county assessors and county representatives opposed it as a statutory formula that would undercut fair market value and reduce local revenue. The bill was sent to suspense during the first portion of the hearing and later passed suspense 5-2 after amendments. SB 661, dealing with airport funding and aviation fuel tax revenues, also generated support from airport and local government representatives but opposition from airlines over the proposed distribution formula; it was referred to suspense and later passed 7-0 with amendments. SB 1172, which places guardrails on tax-sharing agreements, was supported by local governments and retailers; after the author accepted committee amendments, opposition was withdrawn and the bill passed 4-2 to the floor. SB 9-1-1, a wildfire safety measure using the Preliminary Change of Ownership Report to notify fire agencies about defensible-space compliance, was supported by fire chiefs and wildfire-safety advocates but opposed by assessors; it passed 5-2 to Appropriations. SB 1408, authorizing Contra Costa County to place a transportation sales tax on the ballot, passed 4-2 to the floor. SB 1072, the housing omnibus bill, passed 7-0, and SB 1424, expanding a sales tax exemption for zero-emission vehicle fueling equipment, was held in committee after support from hydrogen and electric transportation advocates and no opposition. In suspense-file action, the committee also passed SB 1435, SB 288, SB 296, SB 420, SB 881, SB 888, SB 1053, SB 1406, and SB 1407, while SB 353 and SB 1249 were held. The chair closed by thanking members, staff, stakeholders, and a retiring consultant, and adjourned the committee.
TX

Texas 89th Regular

89th Legislative Session Apr 2nd, 2025

Texas House Floor Meeting

Transcript Highlights:
  • HB number 22 by Noble relating to the exemption. from ad valerum taxation of intangible personal property
  • Our legislature has already ensured that most intangible personal property, which are things you cannot
  • physically hold in your hand or touch, are exempt from taxation, but a handful of intangible assets,
  • This is an intangible... personal, what kind of tax? Property tax? Yes.
  • Are you talking about this bill, this intangible personal property taxes? property taxes.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 01/15/25

Taxes

Transcript Highlights:
  • To go along with GILTI, the TCJA enacted a deduction for foreign-derived intangible income to provide
  • assets in the United States.
  • for the foreign derived intangible for the foreign derived intangible income<01:27:19.360> deduction
  • <01:27:26.000> low<01:27:26.239> tax<01:27:26.560> income global intangible
  • low tax income global intangible low tax income inclusion<01:27:28.280> this<01:27:28.480>
Keywords: 1187, senate, all
AZ

Arizona 2026 Regular Session

01/26/2026 - Senate Finance

Finance

Transcript Highlights:
  • It is a method for a person or entity to transfer control of their assets to another person or entity
  • , referred to as an assignee, who disposes of the assets and distributes the proceeds to creditors.
  • She added that this can allow liquidation of assets at a higher price.
  • That can allow the business to act while assets are still available for the benefit of creditors.
  • the ease of liquidation of assets at a higher price.
Summary: The committee began with staff and page introductions, then took up a series of previously heard bills, mostly related to cryptocurrency and tax administration. SB 1042, SB 1043, SB 1044, and SCR 1003 dealt with allowing public entities to invest in virtual currency, accept cryptocurrency payments, and exempt virtual currency from property tax. Supporters framed the measures as modernization, while opponents argued crypto is risky, fraudulent, and a poor use of public funds. All four measures were recommended do pass on narrow 4-3 votes, with Democrats generally opposed. The committee also heard SB 1221, which would require the Department of Revenue to notify legislative tax chairs before adopting a new interpretation or application of tax law that could adversely affect taxpayers. The sponsor said the bill was meant to front-load disputes and avoid surprise tax changes; it passed 4-3. SB 1142, which would have Arizona opt into a new federal scholarship tax credit program and require ADOR to administer it, drew extensive testimony. Supporters said it would expand scholarship opportunities for students in public, charter, private, and home education settings and keep donations in Arizona. Opponents argued it would divert money from public schools, lack accountability, and primarily benefit wealthier families. The bill passed 4-3 after lengthy debate. The committee then questioned Department of Revenue officials about a press release on Arizona tax forms and federal conformity after H.R. 1. Members focused on why the department told taxpayers not to wait to file, how the state conforms to federal changes, and whether amended returns would be needed if the Legislature changes the forms later. DOR said the forms were issued assuming conformity, that most taxpayers would not be affected by pending changes, and that amended returns could be required for some retroactive provisions; members criticized the guidance as confusing and potentially costly. Finally, the committee heard SB 1254, which would require both grantor and grantee signatures on conveyance documents before recording, to reduce deed fraud and clarify acceptance of property transfers. County assessors supported the bill, saying it would close a loophole and improve records; it passed 6-0 with one member not voting. The committee then began SB 1252, the Uniform Assignment for Benefit of Creditors Act, with testimony from the Arizona Uniform Laws Commission explaining that it would create a more uniform framework for asset assignments and creditor claims, but the transcript cuts off before any vote on that measure.