Video & Transcript Research : 'deductions'
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NY
New York 2025-2026 Regular Session
New York State Senate Session - 05/27/2026
New York Senate Floor Meeting
Transcript Highlights:
- President, just to be more specific, what this provision says: deductions as it relates to state income
- >> That means the deductions do not count for even New York State filings. >> That's correct. >> Will
- DEDUCTIONS NOT COUNT FOR FOR EVEN NEW YORK STATE FILINGS. >> THAT'S CORRECT.
- President, the burden in this case would be put on the individual claiming the charitable deduction.
- should they be audited by the Department of Taxation and Finance, to say, hey, you claimed this deduction
Summary:
The Senate opened with the Pledge of Allegiance and an invocation, then approved the prior day’s Journal and moved into motions, resolutions, and budget-related business. Senator Gianaris called up Senate Print 5898A for reconsideration; the Senate voted 59 ayes to restore the bill to the third reading calendar. Several amendments were also received on third-reading bills, and the Finance Committee was called into session while the chamber proceeded with resolutions.
The Senate adopted Resolution J.2106 recognizing Second Chance Month and the mental health impacts of incarceration, with Senator Brisport speaking in support and a guest from the community recognized in the chamber. The body also adopted Resolution J.1492 designating May 27, 2026, as Taiwan Heritage Day, with remarks from Senators Sepúlveda, Stavisky, and Liu highlighting Taiwanese contributions to New York and expressing support for Taiwan amid current geopolitical tensions. The Finance Committee then reported several budget bills, including Senate Prints 9003D, 9004D, 9007C, and 9009C, which were moved to third reading.
The remainder of the session focused on the supplemental and controversial budget calendars, especially tax and spending provisions. Senators debated the “Protecting Our Wallets” energy rebate, with supporters describing it as a one-time check for eligible taxpayers and critics arguing it was too small and not tied directly to utility bills; the chamber accepted the message of necessity and laid the bills aside. Members also debated extensions and changes to tax provisions affecting corporations, alternative fuel exemptions, Broadway and theatrical production tax credits, charitable deductions for certain 501(c)(3)s, nicotine pouch taxes, a new New York City pied-à-terre tax, and a standardbred horse-racing testing fee. Several senators criticized the budget as raising costs or favoring certain industries, while supporters defended the measures as revenue-raising, affordability, or public-health policies. No final votes on the controversial budget bills are shown in the excerpt beyond procedural rulings, adoption of the resolution calendar, and acceptance of committee reports.
NH
New Hampshire 2026 Regular Session
House Labor, Industrial and Rehabilitative Services (01/22/2026)
Labor, Industrial and Rehabilitative Services
Transcript Highlights:
- <01:34:37.120>
from <01:34:37.280>their to have federal tax deducted from their to - have federal tax deducted from their weekly<01:34:37.760>
benefit <01:34:38.080>amount. - from your weekly benefit or um deducted from your weekly benefit or um to<01:34:58.400>
not <01 - <01:34:59.920>
and <01:35:00.159>then to not have any of it deducted and then to not - have any of it deducted and then be<01:35:00.800>
responsible <01:35:01.520>for <01:35:
MA
Massachusetts 2025-2026 Regular Session
Informal House Session 48 Jun 21st, 2026 at 11:00 am
Massachusetts House Floor Meeting
Transcript Highlights:
- Garry relative to income tax deductions for certain school expenses, to the Committee on Revenue.
Summary:
The House opened with the Pledge of Allegiance and then took up committee reports recommending suspension of Joint Rule 12 for two House petitions from Colleen M. Garry: one to establish an opt-out admissions lottery process for charter schools, referred to the Committee on Education, and another concerning income tax deductions for certain school expenses, referred to the Committee on Revenue. The House approved the suspensions and then recessed subject to the call of the Chair.
The House later received a Senate petition filed by Cindy F. Friedman and Andrea Joy Campbell to strengthen health care protections in the Commonwealth. The House concurred in suspending Joint Rule 12 for the petition, but on motion of Mr. Day it was referred in non-concurrence to the Committee on Judiciary rather than the Committee on Health Care Financing.
The House then adopted an order setting its next meeting for Thursday at 11 a.m. and adjourned to meet then in an informal session.
MN
Transcript Highlights:
- So I think this would be in commerce, but we really need to look at some tax credits or deductions, and
- some tax but we really need to look at some tax credits<00:29:26.679>
or <00:29:27.600>deductions - and<00:29:29.000>
we've <00:29:29.159>got <00:29:29.480>some credits or deductions - and we've got some credits or deductions and we've got some to<00:29:30.760>
incentivize <00:29
NM
New Mexico 2026 Regular Session
House - Chamber Meeting Part 2 Feb 12th, 2026 at 12:58 pm
New Mexico House Floor Meeting
Transcript Highlights:
- tax on tips, no tax on overtime pay, and providing senior citizens a Social Security income tax deduction
- It expands a GRT deduction for New Mexico health practitioners by including co-insurance paid directly
- by patients under health insurance or managed care plans, in addition to co-payments and deductibles
- last session's HB 14, as well as the new tax credit for foster parents, and expands an income tax deduction
Bills:
HB111, HB108, HB145, HB164, HB291, HJR6, HR1, HB63, HB64, HB165, HB184, HB200, HB4, HB7, HB20, HB65, HB66, HB80, HB88, HB96, HB166, HB285, HB295, HB306, SB29, SB37, HJM2, HJM3, HJM1, HM7, HM17, HM4, HM22, HM23, HM24, HM26, HM2, HM16, HM32, HM13, HM47, HM20, HM51, HM1, HM31, HM35, HM36, HM46, HM53, HM54, HM11, HM14, HM21, HM34, HM50
Keywords:
water law, state engineer, civil penalty, compliance order, water rights, overdiversion, illegal diversion, groundwater storage and recovery, well license, permit violation, water enforcement, New Mexico water code, irrigation district, conservancy district, water diversion, unauthorized water sales, measuring device, district court appeal, water resources, water compliance
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 14th, 2026 at 08:34 am
House Appropriations & Finance
Transcript Highlights:
- If we Made all health care right now tax-deductible, personal opinions, business decisions from the health
- Health care is tax deductible or kind of paid before tax for most employer-sponsored coverage.
- Deductible or kind of paid before tax for most employer-sponsored coverage.
- are a lot of issues around gross receipts tax on services that could be looked at, provider-type deductions
NV
Transcript Highlights:
- Yeah, so Section 2, subsection 6 is the one that assesses, or deducts from the fine, interest payments
- townhouse owners to carry HO-3 policies with an amount sufficient to cover the master policy's deductible
- Sufficient to cover the master policy's deductible, and then make it possible for us to collect the deductible
Bills:
AB6, AB102, AB131, AB212, AB213, AB220, AB259, AB282, AB376, AB396, AB479, AB503, AB570, AB572, AB574, AB576, AB593, SB185, SB207, SB507, AB6
Keywords:
fetal alcohol spectrum disorder, FASD, prenatal alcohol exposure, children's health, developmental disability, early intervention, treatment assistance, Aging and Disability Services Division, Department of Health and Human Services, Autism Treatment Assistance Program, public health, parent education, evidence-based treatment, Nevada NRS 427A, disability services, behavioral health, emergency medical services, ambulance, licensing, health district
TX
Transcript Highlights:
- The contracted rate that the plan is offering, and it falls on your deductible anyway, so you're paying
- were willing to pull the trigger on that, that they would get credit towards their out of pocket deductible
- Insured patients can't always meet their deductibles or pay their copays, and so they don't have access
- That's fine, but now we've got to change in our deductible. Now is not this, it's this.
NM
New Mexico 2025 Regular Session
House - Chamber Meeting Mar 21st, 2025
Transcript Highlights:
- Speaker, gentlemen, could you tell us what the tax expenditure is on the medical tax deduction piece,
- gentlemen, do you have the number for what the um local governments will lose um through that um tax deduction
- This deduction would cover the copay deductible and now co-insurance for the patient pay portion of that
US
US Federal 2025-2026 Regular Session
Joint Address to Congress by the President of the United States (Tuesday, March 4, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- And I also want to make interest payments on car loans tax deductible, but only if the car is made in
- make interest payments on car<01:24:56.400>
loans <01:24:56.880>tax <01:24:57.239>deductible - but<01:24:58.239>
only <01:24:58.639>if <01:24:58.800>the car loans tax deductible - but only if the car loans tax deductible but only if the car<01:24:59.480>
is <01:25:00.280>
TX
Texas 89th 2nd C.S.
Appropriations S/C on Articles VI, VII, & VIII Feb 26th, 2025
Transcript Highlights:
- declarations page that um is accompanying your insurance policy that will highlight the coverages and your deductible
- Um, some carriers are increasing deductibles on their policies.
- Um, some companies are Um, saying, you know, increasing the deductibles and, or having a separate deductible
MN
Transcript Highlights:
- patients are responsible for a share of the cost under most insurance policies, whether it's a deductible
- that they uh patients income vary and that they may<00:30:54.400>
face <00:30:54.720>deductibles - <00:30:55.960>
that <00:30:56.120>are may face deductibles that are may face deductibles - haven't talked much about is even when you do have a commercial population, higher co-pays, higher deductibles
- haven't talked much about is even when you do have a commercial population, higher co-pays, higher deductibles
Bills:
HF4343
Keywords:
sales tax, use tax, advertising tax, taxable services, digital advertising, online marketing, marketing services, search engine marketing, lead generation, internet advertising, ad agency, media buying, campaign planning, Minnesota tax law, service tax, broadening tax base, web advertising, promotional services, 1183, house
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 02/25/26
Health and Human Services
Transcript Highlights:
- For example, all bronze plans are now considered to be high-deductible health plans and are eligible
- For example, all bronze plans are now considered to be high-deductible health plans and are eligible
- For example, all bronze plans are now considered to be high-deductible health plans and are eligible
- , more um co-pays, higher deductibles, how about overall out-of-pocket costs. >> Okay, thank you.
- deductibles, how about overall out-of-pocket costs. >> Okay, thank you.
MN
Minnesota 2025-2026 Regular Session
Conference Committee on HF2431 5/13/25
Transcript Highlights:
- awards are calculated, you would start with the cost of attendance for the student and you would deduct
- So this is something that's deducted from the cost of attendance when calculating state grant awards.
- So this is something that's deducted from the cost of attendance when calculating state grant awards.
- So this is something that's deducted from the cost of attendance when calculating state grant awards.
- So this is something that's deducted from the cost of attendance when calculating state grant awards.
Summary:
The Higher Education Conference Committee reviewed differences among the Governor’s, House, and Senate proposals for state grant parameter changes and their effects on state grant spending, North Star Promise spending, and average student awards. Nonpartisan staff explained that the proposals use different combinations of parameter changes, with the Governor’s and Senate plans modeled to avoid or minimize rationing, while the House plan would require rationing to balance the program. Staff reported projected biennium balances of a positive $29.836 million for the Governor’s proposal, a negative $60.758 million for the House proposal without rationing, a positive $994,000 for the House proposal with rationing, and a positive $3.623 million for the Senate proposal; North Star Promise balances also varied, with the Senate showing a positive balance and the Governor and House with rationing showing negative balances. Staff also said the Senate proposal would extend availability of the state grant appropriation and suspend surplus procedures through fiscal year 2029, allowing the balance to carry forward.
The committee then focused on the House-only tuition and fee cap provision, which would limit the tuition recognized for state grant purposes for four-year programs to the University of Minnesota Twin Cities level, with 1% annual increases in fiscal years 2026 and 2027. House members said the cap was intended to address rising tuition, especially at the University of Minnesota, and to produce savings in the state grant program. The governor’s office confirmed the provision was not included in the Governor’s bill. Representatives from the University of Minnesota and the Minnesota Private College Council opposed the cap, arguing it would reduce awards for low-income students and shift costs to students rather than address underlying tuition pressures; they also said it could discourage enrollment at higher-cost institutions. Supporters from Minnesota State argued the cap would improve fairness because students at lower-tuition institutions are effectively capped lower, while students at more expensive institutions receive larger awards, and they said the legislature should intervene in a variable that has grown substantially over time.
Committee members questioned how the cap would work and whether it was tied to the Twin Cities campus rate. Testifiers clarified that the state grant formula is tied to the University of Minnesota level, but because Minnesota State institutions are below that level, the cap effectively limits their students to their own lower tuition while allowing higher awards at the University of Minnesota and private colleges. No formal vote or final action was taken in the portion of the meeting provided; the chair indicated the committee would continue with item-by-item review of the remaining parameter changes and hear additional testimony from agencies and institutions.
NH
Transcript Highlights:
- This bill sought to increase the expense deduction permitted under section 179 of the Internal Revenue
- The Senate Finance Committee amended HB 1597 to increase the expense deduction cap by adding phased-in
- This bill sought to increase the expense deduction permitted under section 179 of the Internal Revenue
- The Senate Finance Committee amended HB 1597 to increase the expense deduction cap by adding phased-in
- This bill sought to increase the expense deduction permitted under section 179 of the Internal Revenue
FL
Transcript Highlights:
- However, he said the current definition specifically cites deductibles and loss settlement provisions
- Murphy said the current definition specifically cites deductibles and loss settlement provisions, and
Keywords:
injunctions, protection orders, domestic violence, serious violence, court procedures, enforcement, risk protection, statewide communication system, pediatric care, emergency departments, hospital regulations, patient safety, health care standards, public records, violence protection, confidentiality, defamation, specialty license plate, specialty plates, motor vehicle registration
Summary:
The Committee on Fiscal Policy met and reported a series of bills favorably, covering health care, public safety, insurance, coastal resilience, juvenile justice, drowning prevention, transportation designations, and beach management. Senator Harrell presented CS/SB 68, requiring hospitals with emergency departments to adopt pediatric emergency care policies, training, designated pediatric readiness personnel, and participation in a national readiness assessment; it passed. Harrell also presented CS/SB 340, requiring nursing students to complete two hours of human trafficking identification training before licensure; it also passed. Senator Sharif’s CS/SB 32 and SB 210, creating a new injunction for protection against serious violence by a known person and the related public records bill, were both reported favorably. Senator Garcia’s CS/CS/SB 302 on nature-based coastal resiliency, Senator Jones’s SB 418 on law enforcement interaction with individuals with autism and the Blue Envelope Program, and Senator Martin’s CS/SB 1734 updating juvenile probation and detention officer definitions and related cost-share language were also approved.
The committee then took up several drowning-prevention measures. CS/SB 606 by Senator Smith would add drowning prevention and safe bathing education to postpartum materials and direct the Department of Health to create standardized materials; an amendment removed a records-retention requirement, and the bill passed. SB 428 by Senator Yarborough would expand the state swim lesson voucher program from children ages 0-4 to ages 1-7; it received strong support from advocates, including a young swim instructor and autism advocates, and passed. The committee also approved CS/SB 246, a specialty license plate bill that was amended to include the UFC plate and a First Responders’ Resiliency Foundation plate, and CS/SB 1028, which revises Citizens Property Insurance and clearinghouse procedures to prioritize admitted carriers and prohibit public funds for the clearinghouse; that bill drew discussion about market competition, Citizens’ exposure, and potential impacts on policyholders.
Additional measures reported favorably included SB 628, designating a portion of South Navy Boulevard in Pensacola as Warrior Sacrifice Way to honor the sailors killed in the 2019 Naval Air Station Pensacola attack, and CS/SB 636 on beach management, which would create a proactive pathway for coastal communities to obtain erosion-related designations and align with federal programs. Beach industry testimony supported the bill’s intent but raised concerns about perpetual easements and funding shortfalls. At the end of the meeting, members recorded additional votes on selected bills, and the committee adjourned.
TX
Transcript Highlights:
- So you treat them and you're saying that the carrier charges determines what their deductible, their
- This is how much we get to collect and it's based on their deductible and copay, coinsurance.
MN
Minnesota 2025-2026 Regular Session
Hied Committee Meeting - 2025-04-01
Higher Education Finance and Policy
Transcript Highlights:
- When I take a subsidy for my mortgage, I choose a 100% interest deduction.
- When a business takes a 179 deduction on a piece of capital equipment, we don't...
Keywords:
North Star Promise, scholarship, higher education, Minnesota Office of Higher Education, in-demand jobs, workforce development, career training, job market, high-demand occupations, high-demand industries, college aid, state financial aid, FAFSA, student eligibility, program of study, degree program, certificate program, community college, university, labor market data
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration Feb 18th, 2025
NH
Transcript Highlights:
- So BTLA deals with things like uh someone's not given their proper deduction in their taxes, their property
- So BTLA deals with things like uh someone's not given their proper deduction in their taxes, their property
- So BTLA deals with things like uh someone's not given their proper deduction in their taxes, their property
- So BTLA deals with things like uh someone's not given their proper deduction in their taxes, their property
proper like uh someone's not given their proper like uh someone's not given their proper deduction