Video & Transcript Research : 'subtraction'
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MN
Transcript Highlights:
- This modified subtraction would equal the excess in any of $3 million over the amount of the Minnesota
- This modified subtraction would equal the excess in any of $3 million over the amount of the Minnesota
- This modified subtraction would equal the excess in any of $3 million over the amount of the Minnesota
- This modified subtraction would equal the excess in any of $3 million over the amount of the Minnesota
- For Minnesotans, providing an additional subtraction for their pension income.
Summary:
The committee first approved the prior day’s minutes, then heard Senate File 255, which would exempt American Legion and VFW buildings from property tax. The bill’s author and the American Legion Department of Minnesota testified that many posts are struggling financially, that the tax burden can threaten building ownership, and that the posts provide important community services such as charitable gambling support, youth sports, food insecurity assistance, suicide prevention training, and meeting space for veterans and local residents. Several members voiced support, and the bill was laid over for possible inclusion.
The committee then took up Senate File 30, a proposal to allow Minnesota estate tax portability for married couples, so a deceased spouse’s unused $3 million exclusion could transfer to the surviving spouse, similar to federal law. The author said Minnesota is an outlier compared with other estate-tax states and that the bill would simplify planning and reduce tax burdens, especially for family farms and other illiquid assets. A CPA and a Minnesota Farm Bureau representative testified that the order of death should not determine tax liability and that portability would help keep family farms intact. The bill was laid over for possible inclusion.
Next, the committee adopted an A1 amendment to Senate File 211 and heard the bill, which would create a Minnesota subtraction for Foreign Service pension income, treating it more like military pension income. The author said the change would cover a small number of retirees and would have a minimal fiscal impact, while the testifier described Foreign Service work and said the benefit would recognize their service. The bill, as amended, was laid over for possible inclusion.
Finally, the committee heard Senate File 132, which would revise property tax language related to electric power systems by replacing references to attachments and impertinences with broader system-based language. The author said the bill would clarify tax treatment for power co-ops, restore the original intent of the law, and provide stability for Greater Minnesota, with an estimated property tax shift of a little over $700,000. Testimony was beginning when the transcript ended, and no vote on the bill was recorded in the excerpt.
MN
Minnesota 2025-2026 Regular Session
Working Group on Omnibus Taxes Bill - 05/27/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- So the subtraction would allow a taxpayer to subtract the amount of the payment from their state, their
- So the subtraction would allow a taxpayer to subtract the amount of the payment from their state, their
- So the subtraction would allow a taxpayer to subtract the amount of the payment from their Minnesota
- subtraction.
- subtraction.
MN
Transcript Highlights:
- There is a subtraction for discharged coerced debt.
- On line 13 is Senator Klein's subtraction for foreign service worker pay.
- There is a subtraction for discharged coerced debt.
- On line 13 is Senator Klein's subtraction for foreign service worker pay.
- Section eight is the subtraction for Foreign Service pension retirement pay.
MN
Minnesota 2025-2026 Regular Session
Conference Committee on SF4282 5/14/26
Transcript Highlights:
- to the way the education forecast adjustments read, the figures displayed here are additive or subtractive
- And, similarly to the previous article, the figures displayed here are either added to or subtracted
- And, similarly to the previous article, the figures displayed here are either added to or subtracted
- <00:03:29.160>
from, are, um, additive or subtractive from, are, um, additive or subtractive - <00:03:51.560>
from to or subtracted from to or subtracted from uh,<00:03:52.680>earlier
Summary:
The conference committee on Senate File 4282 met with a quorum present and heard a walkthrough of the bill, which contains forecast adjustments for several agencies. Senate staff explained that Article 1 makes education forecast adjustments for fiscal years 2026 and 2027, Article 2 adjusts appropriations for the Department of Human Services, Article 3 does the same for the Department of Children, Youth, and Families, and Article 4 increases special transportation services funding for Metropolitan Council programs including Metro Mobility and Metro Move by $8.9 million in FY 2026 and $10.9 million in FY 2027 to match the February forecast. House staff noted that the House language matched Article 1 but did not include Articles 2 through 4.
Representative Youakim presented amendment A26-0180, describing six sections that add provisions on paraprofessional qualifications, aid for tribal contract schools tied to revised permanent school fund distributions, expanded allowable uses of school operating capital revenue to include certain utility costs, an extension of an existing appropriation for gender-neutral single-use restrooms, and two school district fund transfer provisions for West St. Paul/Mendota Heights/Eagan and Maple Lake. Members discussed that several items were no-cost and that some fund transfer language had been previously discussed in committee. The amendment was adopted on an 8-0 roll call vote.
After adopting the amendment, the committee voted on the bill as amended. The conference committee agreement for Senate File 4282 passed on an 8-0 vote, and the meeting was adjourned.
MN
Transcript Highlights:
- There was one subtraction, which was our interest on contributions to first-time home buyer account.
- which our which was was one subtraction which our which was our<00:57:58.160>
interest <00:57: - This GILTI subtraction was later repealed during the 2023 Minnesota session.
- <01:27:29.320>
was inclusion this guilty subtraction was inclusion this guilty subtraction - federal return with a 20% subtraction federal return with a 20% subtraction for<01:36:27.719>
MN
Transcript Highlights:
- exclusions exemptions and subtractions exclusions exemptions and subtractions and<00:09:02.920><
- Minnesota also has a number of subtractions.
- And then we also have some policy choices that were enacted through subtractions, so we have a subtraction
- subtractions so we have a subtraction subtractions so we have a subtraction for<00:14:21.360>
- number of other state subtractions number of other state subtractions um<00:14:31.720>
as
Summary:
The House Tax Committee met for an organizational and orientation session. Members and staff introduced themselves, with several lawmakers noting their districts, business backgrounds, and interest in tax policy. Chair Greg Davids then opened the committee’s first substantive item: a presentation from House Research and House Fiscal staff on how the committee works and on basic tax concepts.
House Research staff Sean Williams and Chris Clayman explained their roles in drafting bills and amendments, writing bill summaries, answering legal and policy questions, and modeling tax proposals. They also described the committee’s key documents, including partisan and nonpartisan bill summaries, revenue estimates, fiscal notes, and supporting materials. Their presentation covered core tax concepts such as tax bases, rates, deductions, exemptions, credits, tax revenues, and tax expenditures, emphasizing that tax expenditures function like spending through the tax code and are reviewed by a legislative commission.
The staff then reviewed Minnesota’s major taxes, focusing on the individual income tax and business taxation. They explained that Minnesota’s individual income tax starts with federal adjusted gross income, then applies state additions, deductions, subtractions, and credits, and that the state’s income tax brackets and rates are set separately from federal law. They also outlined the difference between corporate franchise taxes for C corporations and individual income tax treatment for pass-through entities, and discussed how the federal SALT cap led Minnesota and other states to adopt pass-through entity taxes so businesses could preserve federal deductibility of state taxes. Members asked questions about a duplicate “marriage penalty” entry on a slide, the purpose of Minnesota’s marriage penalty credit, comparisons with other states, and the timing and effect of the pass-through entity tax; staff answered that the duplicate was a mistake, the credit offsets bracket-related marriage penalties, and the pass-through entity tax was adopted in response to the federal SALT cap.
MN
Minnesota 2025-2026 Regular Session
Tax Expenditure Review Commission 6/17/26
Minnesota House Floor Meeting
Transcript Highlights:
- So, that individual will get to subtract So, that individual will get to subtract only<00:53:12.480
- the foregone revenue of the subtraction the foregone revenue of the subtraction is<00:53:42.960>
- <00:53:51.720>
claimed <00:53:52.160>by of of subtractions claimed by of of subtractions - claimed the subtraction. claimed the subtraction.
- subtraction in the Minnesota tax return. subtraction in the Minnesota tax return.
Summary:
The Tax Expenditure Review Commission met on June 17, 2026, approved the January 20, 2026 minutes, and then adopted updated commission procedures. The procedural changes, presented by Legislative Budget Office Director Christian Larson, required a quorum of voting members to complete evaluations before a formal recommendation vote, and allowed members to bundle or unbundle tax expenditures for voting. The commission approved the revised procedures by roll call vote, with five ayes and four excused.
The commission then reviewed member evaluation summaries for tax expenditures presented in December 2025 and January 2026. It first considered the alcoholic beverage tax credits for small brewers and microdistilleries, and after discussion voted to recommend repeal of those two expenditures, while leaving the small winery credit for a later meeting because it lacked enough member responses under the new procedures. The vote on the repeal recommendation passed 4-1, with Commissioner Marquart voting no.
The commission next approved the lawful gambling bundle, which included bingo, raffle, and related exemptions. Larson reported that most members recommended continuation for each item, and the commission voted to recommend continuing all six lawful gambling expenditures. It then reviewed the residential utility services bundle—residential heating fuels, residential water services, and sewer services—where members generally favored continuation but several noted possible modifications or caps for higher-income users; the commission voted to recommend continuation of the bundle.
Finally, the commission reviewed the data center equipment sales tax exemption, which Larson said had an estimated annual revenue loss of $95 million and was intended to create jobs in construction and data center industries. Members raised questions about its effectiveness and whether the exemption should be modified or capped, but the commission ultimately voted to recommend continuation. The meeting concluded with these recommendations set to be included in the commission’s 2026 annual report.
MN
Transcript Highlights:
- under the bill if you look subtraction under the bill if you look at<00:21:23.159>
the <00:21: - <00:22:50.279>
for Minnesota allows a subtraction for Minnesota allows a subtraction for federally - <00:22:53.960>
is benefits the way the subtraction is benefits the way the subtraction is - <00:25:17.960>
for an individual income tax subtraction for an individual income tax subtraction - So a full Social Security subtraction only benefits the top 21% of households.
MN
Transcript Highlights:
- Uh, and then there's a series of sections that establish new individual income tax subtractions.
- So section five and 17 uh subtractions.
- Section seven of the bill establishes a subtraction for the employer student loan payments of certain
- Section eight of the bill establishes an income tax subtraction for foreign service pensions.
- worker pay subtraction worker pay subtraction and<00:19:52.880>
this <00:19:53.200>provision
Bills:
HF9
Keywords:
energy policy, renewable energy standard, carbon-free standard, solar standard, hydroelectric, hydropower, electric utility, Public Utilities Commission, PUC, renewable portfolio standard, carbon capture and sequestration, CCS, greenhouse gas emissions, climate policy, nuclear power plant, certificate of need, fossil fuel plant demolition, utility compliance delay, beneficial electrification, sales tax exemption
AZ
Transcript Highlights:
- a result of the executive order was that there will be some financial relief, depending on the subtractions
- in order for Arizonans to get something like that, something similar, there would have to be a subtraction
- Subtraction added. This must make all the math people go bonkers right now. Okay. Okay.
- Subtraction added. This must make all the math people go bonkers right now. Okay. Okay.
- However, the people who might take different subtractions could be, and those people should take a look
Keywords:
public funds, virtual currency, bitcoin, investment, Arizona Strategic Digital Asset Reserve Act, state treasurer, retirement system, state payments, cryptocurrency, Arizona law, payment methods, government transactions, property tax, tax exemption, Arizona Revised Statutes, digital currency, workers' compensation, death benefits, burial costs, spousal compensation
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.
AZ
Transcript Highlights:
- additional changes that were included in H.R. 1, including establishing individual income tax subtractions
- updated definition of the Internal Revenue Code and clarifies the income included in the income tax subtraction
- updated definition of the Internal Revenue Code and clarifies the income included in the income tax subtraction
- All of the subtractions are included in Senator Epstein's, or they're retained?
- All of the subtractions are included in Senator Epstein's, or they're retained?
Bills:
SB1638
Keywords:
taxation, income tax, internal revenue code, deductions, tax benefits, retroactive, standard deduction, 1182, all
Summary:
The Senate Finance Committee took up SB 1638, a tax conformity bill that would update Arizona’s tax code to the Internal Revenue Code as of January 1, 2026 and incorporate federal changes from 2025. The bill also included individual income tax subtractions for tips, overtime, seniors, and auto loan interest, along with changes to the standard deduction and charitable contribution deduction. Committee discussion focused heavily on whether Arizona should conform broadly to federal changes or limit the bill to more targeted, temporary provisions.
Two amendments were considered. The chair’s amendment was described as clarifying only, addressing retroactivity and foreign dividend language, and it was adopted. Senator Epstein’s amendment would have removed the broader conformity provisions and the modified charitable deduction, limited the standard deduction change to tax year 2025, and kept the individual subtractions; she argued the business-related conformity items mainly benefited corporations and should be negotiated in the budget. Opponents said the amendment would create unnecessary recalculations and uncertainty for taxpayers and businesses, while supporters of the underlying bill said conformity was needed quickly to match Department of Revenue forms and avoid filing-season confusion. Epstein’s amendment failed.
Public testimony split along similar lines. Business and tax group representatives supported prompt conformity, saying taxpayers and small businesses needed certainty and that the department’s forms should be codified. Opponents argued the bill would reduce state revenue substantially and mainly benefit higher-income taxpayers and corporations, while diverting money from education, child care, and health care. After debate, the committee voted to move SB 1638 as amended with a do-pass recommendation, passing it by about 4-3, and then adjourned.
NM
New Mexico 2026 Regular Session
Senate - Conservation Feb 10th, 2026 at 09:05 am
Senate Conservation
Transcript Highlights:
- I see this as a subtraction, not an addition.
- That is subtraction. So that's not causing more emissions anywhere else. That is subtracting.
- That is subtracting emissions everywhere.
- That is subtracting. subtraction. So that's not causing more emissions anywhere else.
- That is subtracting emissions everywhere.
Keywords:
nuclear energy, renewable energy, sustainability, carbon emissions, energy regulation, microgrid, zero carbon resources, Public Regulation Commission, energy generation, electric utilities, motor vehicle manufacturers, licensing, dealers, franchise agreements, consumer protection, water supply, sewage improvements, environment, funding, Mora County
MN
Transcript Highlights:
- <00:24:14.799>
income <00:24:15.200>tax If you subtract the negative income tax If - subtractioning credit, which is<01:09:20.719>
targeted <01:09:21.040>at <01:09:21.199>< - Um right now the K-12 education subtraction only costs about 14 million a year.
- >> Uh, Chair Davidson, members, the bill establishes an income tax subtraction.
- >> Uh, Chair Davidson, members, the bill establishes an income tax subtraction.
Keywords:
school supplies, sales tax exemption, use tax, sales and use tax, back-to-school, classroom supplies, education tax relief, tax holiday, retail exemption, Minnesota sales tax, school materials, binders, calculators, notebooks, pencils, backpacks, book bags, local tax revenue, taxable sales base, income tax
MN
Transcript Highlights:
- <00:05:15.199>
for Klein's bill providing a subtraction for Klein's bill providing a subtraction - bill that uh provides a um subtraction bill that uh provides a um subtraction for<00:05:27.680><
- And on line 21 is a subtraction for student loan reimbursement payments for critical access employees
- On line 28 is Senator Coopek's subtraction for National Guard members that are serving in neighboring
- Section 12 provides a subtraction for the amount of consumer enforcement public compensation payments
MN
Minnesota 2025-2026 Regular Session
Minnesota House passes omnibus tax package, HF2438 - Part 1 5/17/26
Minnesota House Floor Meeting
Transcript Highlights:
- Altendorf, is in prop two property tax exemptions for the Fond du Lac Band of Ojibwe, an income tax subtraction
- du Lac Band of Ojibwe an<00:03:36.200>
income <00:03:36.560>tax <00:03:36.840>subtraction - <00:03:37.480>
for <00:03:37.640>one-time an income tax subtraction for one-time an - income tax subtraction for one-time payments<00:03:38.560>
to <00:03:38.760>nursing <00
Summary:
The House considered the conference committee report on House File 2438, the 2026 tax bill. Representative Gomez outlined the main provisions, saying most fiscal changes were tied to federal tax conformity. He also described several other items in the report, including a two-year extension of the pass-through entity tax workaround, a sustainable aviation fuel provision, a one-time $125 million increase in homestead credit property tax refunds, a one-year removal of the cap on the beginning farmer tax credit, a four-year tax exemption for PGA tickets, permanent aid to certain school districts, a direct file program, changes related to homestead resort classification thresholds, local property tax and income tax provisions, local government aid for the new city of Northern, a four-year extension of local homeless prevention aid, and Department of Revenue policy, technical, TIF, local, and public finance items.
After the report was presented, the House adopted the conference committee report and ordered the bill repassed as amended by conference. The clerk then gave the bill its third reading as amended.
Following third reading, Representative Niska moved to lay House File 2438 on the table. The motion prevailed, and the bill was tabled.
ND
North Dakota 2025-2026 Regular Session
House Appropriations - Human Resources Division Apr 8th, 2025 at 03:00 pm
Appropriations - Human Resources Division
Transcript Highlights:
- So I just subtracted off the amount in transition from our budget and the amount in the county hold column
- Having the man camp, we still have to purchase the buildings and things, so I subtracted $8 million off
- For the ongoing costs like utilities, food, and clothing, we still need those items, so I subtracted
- So then if we turn to page 9, we're still calculating here, subtracting...
- Subtracting off some costs for, you know, we have all the additional inmates, so we need temp transports
Summary:
The committee first took up Senate Bill 2399, concerning therapeutic leave days for psychiatric residential treatment facilities (PRTFs). Sarah Aker from the Department of Health and Human Services explained the current Medicaid rate-setting methodology, how occupancy affects rates, and why paying the full rate for leave days would create additional fiscal impact. Members debated whether the bill should pay the full Medicaid rate, a flat reduced rate, or a tiered rate, and discussed whether a cap or department authorization should be used to control use of leave days. The department said it was not supporting the change as it was not in the governor’s budget, though it supported family engagement in care.
After discussion, the committee settled on a compromise motion to set therapeutic leave days at a $500 daily rate and require department authorization of the number of leave days. The motion passed 6-2, with Representative Anderson voting no and the rest of the recorded members voting yes. The committee then moved on to Department of Corrections and Rehabilitation budget materials, where Michelle Zander walked through detailed population and rate calculations for women’s and men’s facilities, county holds, deferred admissions, transitional facilities, work release, and proposed reentry, man camp, and Grand Forks-related costs. Members asked about the county jail reimbursement rates and the overall pool of funds, and Zander explained the calculations and noted the proposal was roughly break-even depending on assumptions.
The committee also heard an overview of DOCR IT requests from Amy and NDIT staff, including data processing, medical modules, a new client management system, body scanners, data management tools, facility management software, medical software upgrades, college solutions, and body cameras/tasers. Staff explained that the new client management system would likely be a multi-phase project with a wide cost range based on vendor selection and scope, and that the current request was for phase one. Members emphasized the importance of better data tracking, staff safety tools, and information that could help explain programming and release outcomes to the public. The committee planned to continue with Veterans Affairs the next day and then return to Senate Bill 2015.
DE
Delaware 2025-2026 Regular Session
House Revenue - Finance Committee Meeting Jun 17th, 2026
Transcript Highlights:
- It says tipped worker income subtraction for taxable years beginning after December 31, 2026, or before
- January 1, 2030, a resident or non-resident individual of the state may subtract from Delaware taxable
- question about the non-resident on line 13: resident or non-resident individual and of the state may subtract
- The non-resident section of the code picks up all of the subtractions already in 1106, so you don't need
- All of those subtractions already in 1106, so you don't need to reference that.
Summary:
The House Revenue and Finance Committee met to consider House Substitute 1 for House Bill 386, which would create a temporary Delaware income tax deduction for qualified tip income from tax years 2027 through 2029. The sponsor described it as relief for service workers in restaurants, salons, and similar tipped occupations, with a deduction of up to $15,000, income-based phaseouts, a refundable credit for lower-income workers, and a sunset for later review. Committee members raised questions about the resident/non-resident language, the fiscal note, and whether the Department of Finance could implement the change; Finance said the department could administer it and expected only modest administrative costs, while the Comptroller’s office said the bill would reduce general revenue. After a brief recess to review updated language, the committee took public comment, but no one testified. A motion to release the bill failed to receive enough votes, and the chair said she would walk it to seek additional signatures.
The committee then considered Senate Bill 219, which would phase in an increase in the military pension income exemption from $12,500 to $25,000 by tax year 2029. The sponsor argued the measure would help attract and retain military retirees, citing economic return estimates, workforce benefits, and support from all 21 Senate co-sponsors. Some members supported the bill as a way to reward service and bring in long-term residents, while others questioned whether the exemption should be income-based rather than available to all military retirees, including those with substantial second careers. The Department of Finance said it could operationalize the bill and that the non-resident language was unnecessary because the subtraction is already picked up in the non-resident code section. Public testimony from veterans’ organizations strongly supported the bill, emphasizing that the exemption can influence retirement decisions and help veterans and their families stay in Delaware. A motion to release the bill also failed to get enough votes, and the chair said she would walk it for signatures before adjourning the meeting.
FL
Transcript Highlights:
- TCJA, and then beginning January 1, 2027, add back the amount deducted at the federal level and subtract
- change to Section 179 property, taxpayers will add back the amount deducted at the federal level and subtract
- TCJA, and then beginning January 1, 2027, add back the amount deducted at the federal level and subtracted
- back the amount deducted at the federal level and subtract one one one seven for seven years for depreciation
- change to section 179 property taxpayers will add back the amount deducted at the federal level and subtract
Summary:
The Finance and Tax Committee met with a quorum and considered two Senate proposed bills. The first, SPB 7046, was the Senate tax package. It included changes to Live Local property tax exemptions, charter school distributions from voter-approved property tax levies, limits on special assessments for RV parks, revisions to fiscally constrained county funding and eligibility, a permanent sales tax exemption for small propane tanks, a hunting/fishing/camping sales tax holiday, restrictions on governmental net zero policies, and new voting thresholds for certain local millage actions. Staff estimated the bill would reduce general revenue by about $77 million in FY 2026-27 and about $50 million recurring. An amendment making the charter-school distribution change prospective starting July 1, 2026, was adopted. A late-filed amendment by Senator Gaetz on disability tax exemptions was withdrawn for lack of a fiscal analysis.
The charter school provision drew the most debate. Senator Jones and Senator Bernard raised concerns that expanding eligibility to charter schools authorized through alternate authorizers could reduce funding available to traditional neighborhood public schools and that the effective date did not give districts enough time to plan. Senator Avila argued the change corrected an omission from earlier legislation and ensured public schools, including charter schools, were treated equally. Several speakers supported the fiscally constrained county provisions, while the Florida Association of Counties urged grandfathering for counties that could currently opt out of the Live Local exemption and asked the committee to review language on millage thresholds and net zero provisions. SPB 7046 was ultimately reported favorably as a committee bill by a roll call vote.
The committee then took up SPB 7048, which updates Florida’s conformity to the Internal Revenue Code as of January 1, 2026, and partially decouples from federal changes in the One Big Beautiful Bill Act. The bill addresses federal changes to bonus depreciation, Section 179 expensing, research and experimental expenses, business meals, and business interest deductions, with some provisions phased in or adjusted over time. The Florida Chamber testified in support of continued conformity but expressed concerns about administrative burdens and the bill’s partial decoupling structure. After brief debate, the bill was reported favorably as a committee bill by roll call vote, and the committee then adjourned.
MN
Transcript Highlights:
- $40,000 I'd be able to subtract $40,000 I'd be able to subtract $1,600<00:10:21.000>
when - $145,000 subtraction from their adjusted gross income, so small number, a lot of money per person.
- the subtraction uh in current<00:29:08.960>
law <00:29:09.960>uh <00:29:10.159>that - <00:33:32.440>
it's <00:33:33.240>uh subtraction it's uh subtraction it's uh $145,000<00 - justed $145,000 subtraction from their justed $145,000 subtraction from their justed gross<00:33:
WI
Wisconsin 2026 1st Special Session
Wisconsin State Senate Floor Session May 13th, 2026
Wisconsin Senate Floor Meeting
Transcript Highlights:
- May 2026 special session, Senate Bill 1, relating to an income tax subtraction for qualified tips and
- May 2026 special session, Senate Bill 1, relating to an income tax subtraction for qualified tips and
- May 26 special session Assembly Bill 1 relating to an income tax subtraction for qualified tips and for
- May 2026 special session Assembly Bill 1 relating to an income tax subtraction for qualified tips and