Video & Transcript Research : 'interest cap'
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TX
Transcript Highlights:
- There's no cap on that.
- So when you cap or cut us, you're not...
- Interesting.
- This bill caps the rate at which...
- Capping further reduces the cap that cities and counties are allowing.
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
MN
Minnesota 2025-2026 Regular Session
House Housing Finance and Policy Committee 3/24/26
Housing Finance and Policy
Transcript Highlights:
- <00:02:56.879>
around aligning the various interests around aligning the various interests - should be amended to put this lower cap should be amended to put this lower cap so<00:08:26.960>
- <00:09:18.000>
With next year, a more restrictive cap. - With next year, a more restrictive cap.
- have shorter terms and higher interest have shorter terms and higher interest rates.<00:42:08.800
Keywords:
HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, natural gas, gas hookups, residential construction, energy policy, local control, state preemption
TX
Texas 89th 2nd C.S.
S/C on Disease Prevention & Women's & Children's Health Mar 20th, 2025
S/C on Disease Prevention & Women's & Children's Health
Transcript Highlights:
- And so it's just any interest because it was 3% if you own that much of a food company, that is a whole
- rather than the best interests of the people for the people.
- How do we keep, if we do it in Texas, how do we prevent those conflicts of interest?
- That really goes to the depths of the conflicts of interest on all of this.
- This is why I have it here and it's, this is what I'm talking about with the conflicts of interest.
MN
Transcript Highlights:
- We'd like to uh testify on interesting.
- >
federally <00:34:27.040>also business interest changes federally also business interest - related to how the business interest related to how the business interest deduction<00:34:45.440
- in taxation EBIT to earnings interest in taxation EBIT to earnings before<00:38:51.040>
interest< - 30% limit on business interest. 30% limit on business interest.
Keywords:
taxation, pass-through entity, qualifying owner, partnership, S corporation, tax return, corporate franchise tax, individual income tax, research expenditures, federal compliance, Minnesota Statutes, income tax, corporate tax, section 179, federal conformity, HF3815, Minnesota taxes, tax conformity, Internal Revenue Code, IRC conformity
TX
Transcript Highlights:
- those watching at home, the Intergovernmental Affairs bills for discussion today: For all those interested
- Now, when we're talking about 4% and 9% tax credits, 60% AMI is the cap.
- There's no rent growth; it's capped.
- I actually was interested, and obviously you believe that the program helped you.
- The substitute also removes the cause of action in the interest of time. ...legislation.
Keywords:
housing finance, multifamily residential, low income, tax exemption, audit requirements, affordable housing, local government, development bonds, housing assistance, financial assistance, low income housing, community support, affordability, veterans housing, community involvement, air conditioning, tenant support, healthcare, elderly, taxation
TX
Transcript Highlights:
- For all those interested in submitting a public comment, please view the notice of public hearings that
Keywords:
housing finance, multifamily residential, low income, tax exemption, audit requirements, affordable housing, local government, development bonds, housing assistance, financial assistance, low income housing, community support, affordability, veterans housing, community involvement, air conditioning, tenant support, healthcare, elderly, taxation
AL
Alabama 2026 1st Special Session
Alabama House Ports, Waterways, and Intermodal Transit Committee Feb 18th, 2026
Ports, Waterways & Intermodal Transit
TX
Bills:
HB223
Keywords:
municipal budget, county budget, local government finance, spending cap, expenditure limit, inflation plus population growth, taxpayer impact statement, budget transparency, property tax, fees, Legislative Budget Board, voter approval, disaster spending, fiscal restraint, Texas Local Government Code, city budget, county expenditures
Summary:
The Committee on State Affairs heard several House bills, with most measures left pending after testimony and later taken up in a batch of votes. Early in the meeting, HB 5624 on liability protections for motocross/off-road vehicle tracks, HB 223 on requiring competitive procurement for municipal lobbying contracts, HB 3709 on post-election audit procedures, and HB 5081 on protecting personal information of judicial officers and court staff were all discussed and left pending after testimony. Witnesses on HB 223 supported greater transparency in municipal lobbying contracts. HB 3709 drew sharp opposition from an election integrity advocate who argued the bill would reduce precinct-level granularity and make it harder to detect ballot errors, while a Secretary of State resource witness said the bill would simplify and standardize the audit process by location. HB 5081 received strong support from court administration and a district judge who described prior threats and an attack tied to publicly available personal information.
The committee also heard HB 3546 on allowing school districts to move elections to November, HB 493 on barring certain felony offenders from serving as poll watchers, HB 5115 on increasing penalties for election fraud and related conduct, HB 4081 on trade secret filing procedures, HB 3909 on limiting restrictions on wireless devices at polling places, HB 2702 on limiting gubernatorial closure authority for certain veterans organizations during pandemics, HB 119 on foreign adversary lobbying, and HB 5138 on the Attorney General’s authority to prosecute election crimes. Several of these bills were explained with committee substitutes and then left pending before final action. Testimony on HB 493 and HB 5115 came from an election integrity advocate who supported both bills, saying the poll watcher restriction was appropriately narrowed and that the election fraud bill would help address invalid votes and refusal to count valid votes.
Later, the committee took up pending business and voted out a large number of bills, generally along party lines or with broad support. HB 186 on minors’ social media use, HB 229, HB 2885, HB 3909 as substituted, HB 4285, HB 1661, HB 2820, HB 3181, HB 4157, HB 223, HB 521, HB 640, HB 1234, HB 2253, HB 2294, HB 3053, HB 3697 as substituted, HB 4281, HB 4463, HB 4995, HB 5081 as substituted, HB 5624 as substituted, HB 119 as substituted, HB 3225, HB 5138 as substituted, HB 5115, HB 481 as substituted, HB 3546, HB 493, and HB 4145 were reported favorably to the full Senate, with several also placed on the local and uncontested calendar. The committee also adopted committee substitutes for multiple bills, including HB 3909, HB 5081, HB 5624, HB 119, HB 5138, and HB 481. At the end, the chair noted another committee meeting would likely be needed before deadlines, possibly on a weekend, and recessed the committee subject to the call of the chair.
ND
North Dakota 2025-2026 Regular Session
Senate Transportation Apr 3rd, 2025 at 10:00 am
Transportation
Bills:
HB1053
Keywords:
North Dakota highway system, state roads, road mileage cap, transportation code, Department of Transportation, DOT, highway mileage limit, road classification, county roads, township roads, state highway network, Century Code section 24-01-01.2, infrastructure, public roads, transportation policy, 908, all
Summary:
The committee took up House Bill 1298 and first discussed an amendment from Senator Paulson that would add variable electronic speed limit signs to the bill while leaving the 80-mile-an-hour provision unchanged. Members said the signs would be used on interstates I-29 and I-94 in selected problem areas, based on weather or accident conditions, and that the proposal would not require a fiscal note.
The discussion then broadened to Senator Rummel’s concerns about related bills, especially 2243, 1250, and 1229. He argued that the House changes were removing municipal authority to double fines, lowering or eliminating points for serious traffic violations, and undoing prior Senate positions. Several members said they were willing to use HB 1298 as the vehicle to restore the earlier fine and point provisions, including the 29 violations previously assigned three points, and to avoid concurring with the House versions.
Members did not take final action on the amendments or the bill. Instead, they agreed more work was needed and asked Legislative Council to prepare a combined amendment and options for the next meeting. The committee recessed and scheduled further discussion for the next morning.
TX
Transcript Highlights:
- cap at 105,000 cases, and I don't really understand why.
- The caps are the problem. That's the issue with it. I'm sorry.
- That says we've got to put a cap on that. But we have the other part here.
- The caps then are a little bit different concept, of course.
- I just don't think we can achieve that with a single cap. ...anguish.
Bills:
HB223
Keywords:
municipal budget, county budget, local government finance, spending cap, expenditure limit, inflation plus population growth, taxpayer impact statement, budget transparency, property tax, fees, Legislative Budget Board, voter approval, disaster spending, fiscal restraint, Texas Local Government Code, city budget, county expenditures, 1185, senate, all
TX
Bills:
HB223
Keywords:
municipal budget, county budget, local government finance, spending cap, expenditure limit, inflation plus population growth, taxpayer impact statement, budget transparency, property tax, fees, Legislative Budget Board, voter approval, disaster spending, fiscal restraint, Texas Local Government Code, city budget, county expenditures, 1185, senate, all
NM
New Mexico 2026 Regular Session
Senate - Tax, Business and Transportation Feb 5th, 2026 at 04:18 pm
Senate Tax, Business & Transportation
Transcript Highlights:
- With respect to the interest rate cap, again, that interest can be carried forward.
- We're open to the cap.
- The credit, as proposed, has a cap of $500,000 per taxpayer per year, and an aggregate annual cap of
- The credit, as proposed, has a cap of $500,000 per taxpayer per year, and an aggregate annual cap of
- An aggregate annual cap of $10 million.
Bills:
SB190, SB152, SB77, SB150, SB151, SB156, SB172, SB182, SB185, SB212, SB170, SB133, SB174, SB163
Keywords:
cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion
NM
Transcript Highlights:
- Okay, interesting. So our statute for MRAs requires, Mr. Chair, that they be in full form.
- There's no fiscal impact, because when we set up the statute, we put 30 million a year as a cap.
- we still won't reach that cap.
- We had a cap of 6,000 a year for individuals to receive, and we moved that to 15,000.
- I don't know if there's one in the House, but I'm still interested in this.
Keywords:
SB 101, Health Care Delivery and Access Act, repeal of repeal, sunset repeal, delayed repeal, health care, healthcare, access to care, medical services, provider regulation, state health law, New Mexico, SB58, metropolitan redevelopment, redevelopment property, property tax exemption, payments in lieu of taxes, PILOT, municipal redevelopment, local government
TX
Keywords:
municipal sales tax, street maintenance, local option tax, Tax Code Chapter 327, sales and use tax, street repair, sidewalk maintenance, water infrastructure, wastewater system, stormwater system, local election, ballot language, reauthorization, municipal finance, infrastructure funding, Texas municipalities, street and sidewalk tax, special district tax, public works, property tax
AL
Alabama 2026 1st Special Session
Alabama Senate Fiscal Responsibility and Economic Development Committee Feb 4th, 2026
Fiscal Responsibility and Economic Development
Transcript Highlights:
- What we did last year, we added $2 million to the existing $20 million cap, and that $2 million is held
- Plus, my information was already on my husband's economic interest form with the exception, of course
- Plus, my information was already on my husband's economic interest form with the exception, of course
- Plus, my information was already on my husband's economic interest form with the exception, of course
- In 1993, municipal candidates did not have to file an economic interest statement.
Keywords:
unclaimed vehicles, towing, Department of Revenue, notification requirements, abandoned vehicles, real estate, residential property, single-family home, homeowner protection, property solicitation, unsolicited offer, wholesaling, real estate wholesaling, assignment contract, equitable interest, investment property, house flipping, predatory real estate practices, title cloud, deceptive trade practices
MN
Minnesota 2025-2026 Regular Session
Commerce Committee Meeting - 2025-03-27
Commerce Finance and Policy
Transcript Highlights:
- The first is around a defunct mortgage maximum interest rate.
- The maximum interest rate is the maximum interest rate that the government can charge for certain types
- is the maximum interest rate that...
- Oh, there is a maximum interest rate, and under the setup right here, that interest rate is a prime alpha
- This is really an interesting bill.
Keywords:
financial institutions, insurance regulation, insurance holding company, group capital calculation, liquidity stress test, NAIC, National Association of Insurance Commissioners, insurer solvency, affiliate transactions, groupwide supervision, internationally active insurance group, lead state commissioner, policyholder protection, hazardous financial condition, deposit or bond, contract for deed, conventional loan, cooperative apartment loan, mortgage interest rate cap, average prime offer rate
OK
TX
Transcript Highlights:
- We trade at the lowest interest rate.
- We appreciate Representative Bell's interest in the Water District creation process and the important
Keywords:
third-party review, property development, local government, permits, construction inspection, regulatory authority, land development, liability, occupancy certificate, municipal utility district, petition, county clerk, water code, Texas Commission on Environmental Quality, traffic impact studies, bonds, road projects, eminent domain, extraterritorial jurisdiction, county authority
TX
Keywords:
property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest, county property tax, nonprofit-owned property, third-party review, property development, local government
TX
Transcript Highlights:
- I just thought that was interesting.
- I just thought that was interesting.
- And the cap is 20,000 above that.
- All right, well, we'd be well above your cap. Okay, all right. All right. Interesting.
- It's not a hard cap.
Bills:
SB9
Keywords:
property tax, ad valorem tax, voter-approval tax rate, no-new-revenue tax rate, tax rate calculation, Tax Code, local government finance, municipality, county, special taxing unit, sales and use tax, property tax cap, tax rollback, tax levy, maintenance and operations, debt rate, disaster relief rate, Texas Legislature, local taxing unit
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.