Transcript Highlights:

• We don't want that volatility in our calculations.
• So, we try to smooth out that volatility when we do our calculations.
• In that calculation, we're not necessarily going to be at that minimum.
• All of that comes into play when we do our calculations.
• That's not currently built into our calculations.

Transcript Highlights:

• ALSO WE WILL DISCUSS THE SURVEY CROSSCHECK AND F FEFP CALCULATION PROCESSING DELAYS AND I WILL DISCUSS
• IS THE DATA THAT IMPACT THE FTE AND FTP CALCULATION THAT IS THAN TWICE A YEAR.
• THE FIRST CALCULATION MADE BY THE LEGISLATURE IN MARCH 2024 AND THEN THE SECOND CALCULATION.
• AND TRENTON CALCULATIONS ARE DELAYED IN 24/25.
• SIMILARLY THE FOURTH CALCULATION WAS IMPACTED BY THE DEPARTMENT EFFORTS TO ENSURE ACCURACY AND EQUITY

Transcript Highlights:

• Um, the initial request was to go up to the max the calculator said was allowed, um, but as Mr.
• And that was the total that fit within the 104,000 square foot that was allowed by the calculator.
• A total calculator value to program, um, the school with some flexible spaces. Um.
• Or like Maxwell, I think they Maxwell, for example, they were at the gross square foot calculator.
• The um Calculator was actually phase 2 and that was completed. Moving forward, we have.

Transcript Highlights:

• for what allows a special calculation for what allows them<00:31:08.159> to<00:31:08.360>
• The calculation that we have put into 405 KAR 10:15 is a calculation form that was approved by OSM, and
• that is the one that calculates the bond into AETU.
• <01:05:14.400> method enforcement for our calculation method enforcement for our calculation
• The risk is that they could step in and calculate bonds for us.

Keywords: 958, all

Summary: The committee met with a quorum, approved the minutes, and then reviewed a long agenda of administrative regulations, most of which were advanced with staff-suggested amendments and no objection. Early items included the Kentucky Public Pension Authority’s 105 KAR 1:451, which updates reporting language and adds the contractor wizard for certain employers, and a large package of Board of Veterinary Examiners regulations that revise fees, facility and AHP registration requirements, continuing education, liability, and practice rules. The Board of Speech-Language Pathology and Audiology’s compact-related regulation and the Board of Licensed Professional Counselors’ complaint and compact rules were also reviewed and approved with amendments, along with fish and wildlife rules affecting elk hunting, youth deer season length, bear-dog approvals, and foxhound enclosure permits. The committee also approved transportation, education, workplace standards, horse racing, and several health and human services regulations, including Medicaid waiver reimbursement updates and a child care regulation that sends certain large claims to the Office of Inspector General for review. Several agencies briefly explained their regulations when members asked questions. Fish and Wildlife said the elk population is strong and the baiting change is intended to support harvest monitoring and fair chase, while the longer youth deer season was meant to give young hunters more opportunity. The Department of Community-Based Services said the $10,000 and $5,000 claim thresholds were meant to clarify rare cases involving possible fraud or unresolved recoupment issues. The Department of Financial Institutions’ 808 KAR 5:305 drew the most discussion: it would allow certain state-chartered credit unions with a low-income designation to participate in federal programs, including limited non-member deposits and supplemental capital, but the regulation was deferred again amid continued discussions. The Kentucky Bankers Association testified against the credit union regulation, arguing that allowing non-member deposits conflicts with existing statute limiting credit union deposits to members and other credit unions, and that an administrative regulation cannot override that statutory restriction. Committee members heard the agency’s explanation that the proposal is intended to help underserved communities and that the non-member deposit authority would be limited, but no final action was taken because the item was deferred. The meeting otherwise concluded with the remaining regulations being called, discussed briefly, and approved or advanced without objection.

Transcript Highlights:

• The third step is calculating Greenhouse gas emissions.
• Those have calculations that we've associated with those various offsets.
• Those have calculations that we've associated with those various offsets.
• How do we actually calculate those? How do we...
• That was also calculated into our calculations and how we project forward. So, yes, we are.

Bills: HF4807

Keywords: overweight vehicles, aggregate mining, local ordinance restrictions, legislative audit, transportation, resource inventory

Transcript Highlights:

• We calculate that based upon an ESU calculation, but that's how we calculate the stormwater and drainage
• We calculate that based upon an ESU calculation, but that's how we calculate the stormwater and drainage
• We calculate that based upon an ESU calculation, but that's how we calculate the stormwater and drainage
• We calculate that based upon an ESU calculation, but that's how we calculate the stormwater and drainage
• We calculate that based upon an ESU calculation, but that's how we calculate the stormwater and drainage

Keywords: Meeting Start 00:00 Attendance Roll Call 00:04 HB 387 Discussion 01:06 HB 387 Roll Call Vote 28:30 HCR 22 Discussion 29:26 HCR 22 Roll Call Vote 31:09 HB 519 Discussion 35:36 HB 519 Roll Call Vote 38:37, 958, all

Summary: The committee first took up House Bill 387, which would amend MSD governance and spending rules in Louisville. The sponsor said the bill was intended to add oversight and accountability in response to large MSD rate increases, though the original rate-approval provision had been removed because of concerns about contracts and bond ratings in Oldham and Bullitt counties. MSD Executive Director Tony Parrott testified that MSD is a public utility serving more than 800,000 people through wastewater, stormwater, and flood protection services, and argued that most rate pressure comes from federal and state mandates tied to a consent decree and other orders. He said MSD already provides annual notice and bond approvals through Metro Council, offers customer assistance programs, and needs flexibility for advertising, public notices, recruitment, and compliance. Members discussed stormwater funding, aging infrastructure, flood control, and the bill’s limits on advertising and other expenditures. The committee substitute was adopted and the bill passed on a roll call vote. The committee then considered House Concurrent Resolution 22, as substituted, which expressed support for exploring nuclear energy and included language noting Kentucky’s ability to use nuclear waste, uranium tailings, and spent fuel in ways described by the sponsor as cleaner. Supporters said Kentucky faces an energy shortage and that nuclear, including small modular reactors, should be part of the state’s future energy mix. Some members said they would support the resolution but wanted a feasibility study or noted that it does not carry the force of law. The resolution passed. Finally, the committee began House Bill 519, sponsored by Representative Fugate, which would prevent utility companies from passing demolition costs for retired coal-fired or fossil-fuel plants on to ratepayers. The sponsor cited sharply rising electricity bills in eastern Kentucky, the decline in coal employment, and the burden of demolition costs from the Big Sandy plant being placed on customers. He argued that utilities should absorb those costs rather than shifting them to ratepayers. The bill was introduced with a motion and second, and the committee was preparing to hear further questions and testimony when the transcript ended.

Transcript Highlights:

• The department revised its 3rd calculation and began distributing fefp funds to school district.
• Based upon that calculation, the February 2025 Fte survey was also completed.
• However, the department did not do a 4th calculation of the fefp rather.
• So the calculations as the second and 3rd conference calculation, which is the first and that sets the
• We're actually calculated for purposes of the 3 year outlook for the fefp.

Transcript Highlights:

• And this created a major issue with the T&T calculations, the truth and taxation.
• I'm sure all property tax administrators treat the calculation the same.
• calculation is not going to provide any additional clarity.
• There's approximately 21 lines of data points or calculation results in the unused increment calculation
• It is one page of 10 pages of calculations.

Bills: SB467, SB325, SB867, SB994, SB1052, SB1237, SB1449, SB1531, SB2063, SB2172, SB2173, SB2520, SB2529, SB2538, SB2541, SJR46, SJR84

Keywords: SB 467, Texas property tax, ad valorem tax, homestead exemption, residence homestead, fire damage, house fire, destroyed home, temporary tax relief, appraisal district, chief appraiser, local taxing unit, tax rollback, tax refund, Tax Code Chapter 11, prorated exemption, homestead improvement, disaster relief, property tax exemption, residential property

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.

Transcript Highlights:

• This timeline keeps tax calculations on schedule. prevents prolonged financial uncertainty for local
• The disaster calculations are closer to the disaster expenditures than before.
• Are all property tax administrators treating the calculation the same?
• That's an extremely confusing document and calculation. Yet, removing...
• There are approximately 21 lines of data points or calculations. ...results in the unused increment calculation

Bills: SB467, SB325, SB867, SB994, SB1052, SB1237, SB1449, SB1531, SB2063, SB2172, SB2173, SB2520, SB2529, SB2538, SB2541, SJR46, SJR84

Keywords: SB 467, Texas property tax, ad valorem tax, homestead exemption, residence homestead, fire damage, house fire, destroyed home, temporary tax relief, appraisal district, chief appraiser, local taxing unit, tax rollback, tax refund, Tax Code Chapter 11, prorated exemption, homestead improvement, disaster relief, property tax exemption, residential property

Transcript Highlights:

• <00:07:21.840> on do back of the envelope calculations on do back of the envelope calculations
• <00:08:47.360> the rates so when you calculate the rates so when you calculate the liability
• base um for the purposes of calculating base um for the purposes of calculating our<00:13:25.320
• > of slide are the Minnesota calculation of slide are the Minnesota calculation of liability<00
• <00:14:52.320> of federal calculation of federal calculation of liability<00:14:54.160>

Keywords: 1183, house

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.

Transcript Highlights:

• that draw from various data calculations that draw from various data sets. sets. sets.
• >> in the calculations for that. >> in the calculations for that.
• And if I may add to that, this system, we say SEEK calculations, that's a large part of it, but we've
• also moved all the tax calculations into it.
• Those tax calculations impact every citizen in the state.

Keywords: 958, all

Summary: The House Budget Review Subcommittee on Primary and Secondary Education and Workforce Development met without a quorum at first, so it did not approve minutes and instead heard agency capital requests. The Education and Labor Cabinet presented a $6.2 million reauthorization for renovation of the Charles W. McDow Center for the Blind in Louisville, which serves blind and visually impaired individuals through the Office of Vocational Rehabilitation. The project would update mechanical, electrical, plumbing, and HVAC systems. Members asked about the number of students served and the facility’s location; the cabinet said it would follow up on the enrollment figure and explained that prior funding had been redirected to expanded services for people with disabilities and employment needs. The Kentucky Department of Education then presented its request to replace the SEEK system, the state’s primary school funding formula and calculation platform. Officials said the current in-house system dates to about 2008 and is increasingly difficult to maintain, especially as legislative changes require complex recalculations. They explained that a prior vendor contract was terminated after change orders and cost overruns made the project unworkable; the original contract was about $2.8 million, and the proposed change order would have more than doubled that amount. KDE said it is seeking additional funding while also trying to recover the prior vendor’s work product so it can potentially reuse parts of the code and proceed in modules if necessary. Members questioned the cost, the statewide role of SEEK, and whether state staff familiar with the system would be involved in any new procurement. KDE officials said they had already assigned internal staff and a project manager to the earlier RFP process and would do so again. They also noted that SEEK calculations, tax calculations, and attendance data all feed into the system, making it critical for accurate and timely district payments and data requests. The meeting ended with no votes taken, and the chair announced the next meeting would be held the following Tuesday, the 27th, at 10:00 a.m. in the same room.

Transcript Highlights:

• OEA includes its own calculations for OEA includes its own calculations for data<00:25:49.760> points
• :56.880> are some cases, OEA's calculations are some cases, OEA's calculations are similar<00:
• . calculation. calculation.
• Are we comparing into their calculation.
• As far as for the salary calculations?

Keywords: Meeting start 00:00:09 Roll call 00:00:24 Election of Co-Chairs 00:01:11 Office of Education Accountability Annual Report 00:04:41 Office of Education Accountability District Data Profiles, School Year 2024 00:23:50 Update from the Education Professional Standards Board 00:58:19 Adjournment 01:08:00, 958, all

Summary: The subcommittee opened its first meeting with roll call and procedural business, including elections of co-chairs. The House elected Representative Truett as House co-chair, and the Senate elected Senator Denine as Senate co-chair. After the organizational votes, the committee heard the Office of Educational Accountability’s annual report, beginning with Brian Jones and Deborah Nelson describing OEA’s investigations and research divisions and recent staffing turnover. On the investigations side, OEA said it handled complaints only when submitted in writing and generally opened cases only when it had enough facts to evaluate. Jones reported complaint volume declined from 805 in 2023 to 738 in 2024, with 325 in the first half of the current year. He outlined the kinds of matters OEA investigates, including school-based council issues, open meetings, board eligibility, nepotism, conflicts of interest, certification, activity funds, and surplus property, while noting that routine personnel matters, bullying, child interviews, and cases tied to litigation are generally handled locally or referred elsewhere. He also said OEA refers special education, assessment/testing, discrimination, and serious misconduct matters to the appropriate agencies, and that he did not see a need for statutory changes to improve OEA’s work, though he said cases should move more quickly. The research division presentation focused on OEA’s district data profiles and annual research agenda. Nelson explained that OEA reviews KDE-reported data and underlying datasets to verify accuracy, analyze trends, and produce reports for the General Assembly. She highlighted 2024 publications on district governance models and student achievement, and said this year’s agenda includes district data profiles, student discipline analysis, and a review of early childhood regional training centers. She also noted OEA received an NCSL notable document award for its 2023 staffing shortages report, its 10th such award. Sabrina Smith then walked through the district data profiles, which compile demographic, staffing, finance, and performance data for all 171 districts, plus statewide and comparative data. She noted changes in the report format, the continued availability of an online interactive version, and several trends: adjusted average daily attendance declined statewide from 2015 to 2024; the counselor-to-student ratio has improved but has not yet reached the statutory goal of one counselor per 250 students; the share of teachers moving from rank three to rank two has declined; special education identification has risen from 13% to 16%; and starting teacher salaries vary widely by district, with Kentucky’s average starting salary around $40,000 ranking near the bottom compared with surrounding states and the nation. Members asked about the history of the research division and whether the paper copies of the district profiles would continue, and staff said the printed versions would continue unless legislators asked otherwise.

Transcript Highlights:

• value of that facility is calculated value of that facility is calculated based<01:15:02.640>
• > indicated<01:19:30.000> value we would calculate the indicated value we would calculate
• I'm if you're if you're calculating I'm if you're if you're calculating forgive<01:19:44.239>
• 50.560> and<01:19:50.800> you're you're calculating an amount and you're you're calculating
• your you know here's your calculation your you know here's your calculation for for for swept<01

Keywords: 928, house, all

Summary: The hearing focused on House Bill 302, which would allow the state treasurer to invest public funds in precious metals and digital assets. The sponsor was not present, so Representative Urs introduced the bill briefly and said he did not know much about it. No one from the Treasury Department testified, and members repeatedly noted the treasurer’s absence. Susan Elme testified against the bill, arguing that these investments are highly volatile and contrary to the treasury’s duty to remain stable and liquid. She said the bill should be killed. In questioning, she estimated the 5% cap in the bill would amount to roughly $10 million, depending on available funds, and said such investing would be more appropriate for an individual day trader than for the state treasury. Members also discussed prior legislative experience with Bitcoin-related proposals and raised concerns about whether the treasury had the staff expertise to manage commodity or digital asset investing. The committee did not take a final vote; instead, it agreed to hold a work session and seek additional information from the treasurer, with a plan to revisit the bill on April 1.

Transcript Highlights:

• So was the taconite homestead credit the ninth in the order of calculation?
• And this is because of how and when they're applied in the tax calculation.
• Credits, on the other hand, are applied after the calculation of gross tax.
• um they're applied after the calculation um they're applied after the calculation of<00:47:20.599
• <01:10:34.920> by the effective tax rate is calculated by the effective tax rate is calculated

Keywords: 1187, senate, all

Transcript Highlights:

• It because they're calculated the same.
• <00:56:12.799> average basis and your uh calculated average basis and your uh calculated average
• If we get out to um making calculated.
• that benefit differently or calculate that benefit differently or calculate<01:12:02.640> a<01
• So you bring in all those calculation.

Keywords: 1189, house, all

Transcript Highlights:

• And it looks like North Dakota DOCR is doing the calculation the best they can, okay, relative to the
• I've been talking a lot around, you know, the problems with calculating this issue, right?
• And really, you know, it's not a number that's easily calculable, calculable.
• You know, it's not a number that's easily calculable.
• That doesn't get calculated in any way's statistics nationwide.

Keywords: 908, all

Summary: The committee discussed a draft amendment to consolidate two proposed studies into one Legislative Management study on sentencing, corrections, and parole oversight. Representative O’Brien explained that the revised language would cover the Department of Corrections and Rehabilitation’s inmate classification, housing, placement authority, and transitional services, including work or educational release, while avoiding confusion over separate study proposals. Members also discussed whether issues such as earning good time, meritorious time, parole eligibility, and release decisions would be included; the chair and members concluded those topics would be covered under the parole board and related study language. Several members raised concerns about recidivism data, including the difficulty of counting people who are incarcerated in other states or in the federal system after release from North Dakota custody. Representative Murphy noted that DOCR appears to be using the best available national-study-based method, but that the data limitations remain a problem. The chair and others said the study should focus on what can be measured and that interagency communication is important, while Representative Burke noted that incorporating federal data would be difficult because comparable state-level data would be lacking. The committee then moved and approved the amended study language, with a technical correction changing “early release” to “placement authority.” The motion passed 8-0. The committee later took up further amendments to engrossed Senate Bill 2015, approved those amendments 8-0, and then passed engrossed Senate Bill 2015 as amended on an 8-0 roll call. Members briefly discussed a minimum security facility planning number, confirming the pad/landing number at 20, and the chair said the bill would be sent to Legislative Council for final drafting and could be ready as soon as the next day.

Transcript Highlights:

• So, that is an index that we use currently to calculate what that excess...
• Currently to calculate what that excess spending threshold is.
• the calculation is for the purpose of calculating the excess spending threshold, so it's $14,000, and
• that's what your local school district's tax rate is calculated using.
• Uh, it is not yet, because it again takes time to do that calculation.

Keywords: 926, house, all

Transcript Highlights:

• So who calculates it should not impact what the total default budget calculation is.
• <01:23:46.320> the the governing body would calculate the the governing body would calculate
• a default budget, but how who calculates a default budget, but how it's<01:24:29.840> calculated<
• 4013 for the default budget calculation. 4013 for the default budget calculation.
• the default budget to calculating the default budget calculation. calculation. calculation.

Keywords: 1191, senate, all

Transcript Highlights:

• General Law Chapter 32, Sections 42B and 42C, solely as they calculate Walter Gerton's pension.
• B and 42C solely as they calculate Walter Gerton's pension.
• Attempts to correct the error in retirement calculations for appeal have been exhausted, and with full
• After noticing an error in the calculation of my years of service in 2016... ...in the calculation of
• H. 2944 to resolve this issue as it relates to the calculation of my retirement years of service.

Keywords: 995, all

Summary: The Joint Committee on Public Service held a hearing on May 7, chaired by Senators Mike Brady and Dan Ryan, and heard testimony on a wide range of retirement and benefits bills for public employees and their families. Several bills focused on line-of-duty death or disability benefits for police and firefighters, including Senate Bill 1831 for Joanne Sanji, widow of Rutland Detective John Sanji, whose COVID-19 death was described by family, counsel, and the police chief as a line-of-duty death already recognized by local, state, and federal memorials. Similar support was offered for bills involving the surviving spouse of a State Police officer injured in the line of duty, a Springfield officer injured by a hammer attack during a mental health call, and a bill for a former police officer seeking an increased disability retirement due to PTSD after a traumatic incident. Testimony repeatedly emphasized that these cases had been recognized locally or had already moved through prior sessions, but legislative action was still needed to secure benefits. The committee also heard multiple firefighter-related retirement bills. Representatives and union advocates supported a bill for retired Attleboro Fire Captain Walter Gerton, arguing that an audit and recalculation improperly reduced his pension after retirement and that the correction was requested by the local retirement board. Another bill sought disability retirement for former Westfield firefighter Greg Heath, who testified that Parkinson’s disease has made daily life and family care increasingly difficult; supporters cited studies linking firefighting exposures to Parkinson’s and said the city, retirement board, and local officials backed the measure. The committee also heard testimony for retired Quincy Fire Deputy Chief Kevin Bithrow, who described a Parkinson’s diagnosis following years of exposure at major toxic fires, including the Home Depot and MWRA incidents, and for a related Quincy bill that would treat his retirement as line-of-duty for survivor protection. Additional bills included a proposal to provide flags to next of kin of police officers and firefighters killed in the line of duty, a bill to resolve employer contribution obligations for the Neshoba Associated Boards of Health in the state retirement system, and several individual retirement or service-credit measures. These included a bill for former State Police gang unit officer David Patterson, a school nurse seeking additional credible service credit for a temporary staffing emergency, and a former Suffolk County sheriff’s deputy seeking an increased disability retirement after a violent inmate assault left him with lasting injuries. Testimony generally came from the affected individuals, family members, municipal officials, retirement boards, and public safety unions, with most speakers urging favorable action and noting that many of the bills had already passed one chamber or had been filed in prior sessions. At the end of the hearing, the committee took no recorded votes on the bills and then adjourned.

Transcript Highlights:

• The bill also provides that a current owner's tax information may not be used in calculating estimated
• The bill requires DOR to develop a formula to be used by a listing platform to calculate the estimated
• The new calculation is going to be on their site where the calculation can take place, as well as the
• years. ...and derives an average calculated over the last three years.
• But we calculated the impact based on whatever we expect to see.

Summary: The committee took up three tax-related bills and a staff presentation on the state revenue forecast and the federal One Big Beautiful Bill Act. SB 856, by Senator DeSigley, would require online real estate listing platforms to display estimated property taxes using state-prescribed methods rather than the current owner’s taxes. Supporters from county, city, and property appraiser groups said the bill would improve transparency for homebuyers, especially first-time buyers and those facing large tax increases after a homestead cap reset. Senators discussed ensuring the estimate appears directly on listing platforms. The bill was reported favorably. The committee then considered SB 110, by Senator Arrington, which clarifies that people holding 98-year-or-longer residential leases remain eligible for the homestead exemption even if the lease ends upon death, aligning such leases with life estates for estate-planning purposes. An amendment was adopted to clarify that leases terminating at the lessee’s death are valid under current law. The Florida Bar’s Real Property, Probate, and Trust Law Section supported the bill, and Senator Gates noted its importance for long-term leaseholders on barrier islands. The amended bill was reported favorably. SB 434, by Senator Leak, would prevent property tax assessments from increasing because of improvements made to harden homes against wind damage, such as stronger roof attachments, shutters, and secondary water barriers. The sponsor said homeowners should not be penalized for resilience upgrades, and the bill was also reported favorably. Staff director Mr. Khan then reviewed the latest general revenue forecast, noting collections were running about $230 million above prior estimates through November and that the new forecast added roughly $500 million in the first budget year, with a smaller increase in the second year. He said corporate income tax was the main weakness in the forecast, due to softer collections and uncertainty around tariffs, while other sources were generally stronger. In the second half of the presentation, he explained that the federal One Big Beautiful Bill Act would significantly affect Florida’s corporate income tax base if fully conformed to, with an estimated $3.5 billion general revenue impact in fiscal year 2026-27, largely because of retroactive provisions such as bonus depreciation and research expensing. Senators and the appropriations chair discussed the budget implications, including possible ways to limit the impact through decoupling or prospective treatment. No votes were taken on the forecast presentation, and the committee adjourned after members requested to be recorded as voting in favor on SB 856 and SB 110.