Video & Transcript Research : 'CAP'
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CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Committee Jun 17th, 2026
Budget and Fiscal Review
Transcript Highlights:
- The proposal before AB 122 is a permanent cap on the proposal.
- I would like to align my comments with those of CAP and with the California Hospital Association and
- I would like to align my comments with those of CAP and with the California Hospital Association and
- In the interest of time, I'll align my comments with our colleagues at CAP, Kaiser Permanente, and CHI
- We are in full and proud support of AB 177 and the permanent cap on corporate tax credits in AB 122.
NH
New Hampshire 2026 Regular Session
House Education Policy and Administration (01/29/2026)
Education Policy and Administration
Transcript Highlights:
- So I have never been a particular fan of the cap from the very beginning.
- I am very concerned that the cap is actually unconstitutional.
- uh through another school uh EFA cap uh through another school year,<05:24:49.280>
the <05:24: - I am very cap from the very beginning.
- > because down the cap because down the cap because the<05:25:05.840>
courts <05:25:06.080>
MN
Minnesota 2025-2026 Regular Session
Committee on Energy, Utilities, Environment and Climate - 03/10/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- <00:07:43.800>
at capped at capped at 40kw<00:07:45.639>and <00:07:45.960>the <00 - However, problems could arise if the net metering cap is raised above 40 kW.
- <00:58:11.760>
at why maintaining the proposed cap at why maintaining the proposed cap at - , the current 40 kW cap strikes a good balance.
- Your testimony is essentially in favor of the current cap at 40, am I hearing that correctly?
NH
New Hampshire 2026 Regular Session
Capital Project Overview Committee (1/12/2026)
Transcript Highlights:
- Janelle: We don't have a statutory cap on bonding authority.
- c><00:10:10.959>
have <00:10:11.040>a <00:10:11.279>statutory <00:10:12.080>cap - >> we don't have a statutory cap on bonding authority<00:10:14.800>
um <00:10:15.200> - in<00:10:32.640>
statute <00:10:33.279>on <00:10:33.519>the but there's no cap - in statute on the but there's no cap in statute on the bonding<00:10:34.079>
authority.
Summary:
The Capital Project Overview Committee met at 9:00 a.m. and first approved the September 29 minutes. The committee then considered University System of New Hampshire Capital Project 260001, a $70 million request involving two residence hall renovation projects at UNH. UNH officials said the work is needed to address aging 1970-era buildings, including heating, plumbing, and other deferred maintenance, and to improve student recruitment, retention, and living conditions. Members asked about the construction timeline, which was estimated at about four years, and about enrollment decline, which was estimated at roughly 15% over 10 years. The committee approved the project after discussion, with members noting the buildings’ age and need for repair.
The committee next heard Capital Project 26003 from the Department of Natural and Cultural Resources for Cannon Mountain. Commissioner Sarah Stewart and staff described an $893,000 tranche, part of a larger effort to address deferred maintenance at the mountain, including guest facilities, lift infrastructure, a passenger ramp for scenic chairlift use, snowmaking improvements, a line replacement, a pump rebuild, and operations equipment. Members asked about the $6 million bonding limit established in 1999, and the department said it appears insufficient and may need updating in the future. The committee approved the Cannon Mountain request.
The department also provided an informational update on the Cannon Mountain aerial tramway. Officials said a structural engineering firm is analyzing towers, terminals, and footings, with the goal of confirming the existing infrastructure can support a new tram system and refining bid specifications. They said the work is on track, with an updated cost estimate expected in January and a bid targeted for May. Members asked about the limited number of manufacturers capable of doing the work and whether the project could be delayed; the department said it is in active discussions with the likely bidders and pre-qualifying them. The meeting ended with brief discussion of informational reports, including a question about apparent delays in some New Hampshire Veterans Home projects, which staff said they would follow up on, and the committee adjourned with the next meeting set for March 16 at 9:00 a.m.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 21st, 2025
Transcript Highlights:
- If there is to be a cap or a decision on whether or not there should be a cap, it really needs to come
- In the European Union, they have imposed caps on the... compete on every other type of fee, interest,
- In the European Union, they have imposed caps on the...
- So the U.K., Australia, they have capped interchange..." "...at the international level, right?
- So the U.K., Australia, they have capped interchange fees.
Summary:
The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote.
A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote.
The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment.
The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.
TX
Texas 89th Regular
Licensing & Administrative Procedures Apr 15th, 2025 at 10:04 am
Licensing & Administrative Procedures
Transcript Highlights:
- for Charitable Bingo today, who can attest to the strain placed on their operations by the current cap
- He said that when you change what the caps provide and change how they can be used, the committee feels
- He said that impacts the amount of product they are allowed to sell because there is a cap: he believes
- There's a cap. I think it's 1,000 per location and then 2,500 gallons at all locations total.
- which is a basically a paper trail is that correct yes sir and the in but that does go against the cap
Bills:
HB 1301, HB2278, HB2776, HB2820, HB3848, HB3920, HB4172, HB4215, HB4284, HB4285, HB4463, HB4517, HB4690, HB4765, HB4766, HB4767, HB4768, HB4769, HB4773, HB4830, HB5506
Keywords:
alcohol, beverages, winery permit, restaurant, malt beverages, Texas Alcoholic Beverage Code, alcohol production, home brewing, family use, craft beverages, massage therapy, licensing, criminal offenses, sexually oriented businesses, public safety, bingo, charitable gaming, operating capital, regulation, funding
Summary:
The Committee on Licensing and Administrative Procedures met with a quorum present, corrected the minutes from April 8, and then took up a long list of pending bills, most of which were reported favorably or left pending after hearing testimony. Early action included HB 1764 (accounting practice for certain out-of-state CPAs), HB 1788 (continuing education for barbers and cosmetologists on recognizing and assisting victims of sexual assault, domestic violence, and human trafficking), HB 2204 (land surveyor regulation), HB 2885 (local option elections on alcohol sales), HB 2996 (gambling offense definitions and prosecution), HB 3250 (real estate appraisals and appraisal management companies), HB 3352 (driver education on work zones), HB 3385 (farm winery permit), HB 3756 (powers of certain nonresident sellers’ permit holders who also hold a winery permit), HB 3816 (cruelty to livestock animals), HB 3913 (real estate licensing), and HB 3928 (electronic notice of towed vehicles), all of which were advanced with unanimous or near-unanimous votes. Several of these bills were reported with committee substitutes, and some were also sent to the Committee on Local and Consent Calendars.
The committee then heard testimony on HB 2278, which would legalize limited home distilling of spirits for personal or family use and add honey as an approved ingredient; supporters framed it as a consistency and freedom issue, and the bill was left pending. HB 3920, a TDLR workforce/CTE bill, and HB 1301, which would allow beer or malt beverages to be sold at certain wineries with on-site restaurants, were also laid out and left pending after discussion. HB 2776, aimed at tightening massage therapy licensing restrictions for people convicted of sexual and trafficking-related offenses and strengthening TDLR enforcement, and HB 3848, which would allow electronic filing of elevator and escalator inspection reports, were both heard and left pending as well.
A major portion of the meeting focused on alcohol-related bills. HB 4215 would place delivery network companies under a statewide TDLR regulatory framework; Favor Delivery supported it, and it was left pending after the committee substitute was withdrawn. HB 4172 and HB 2820 would raise bingo reserve limits and update charitable bingo rules; supporters from veterans and nonprofit groups argued the changes would help charities, but both bills were left pending after the substitutes were withdrawn. HB 4463, a broadly supported bill allowing contract brewing and alternating brewery proprietorships, was also left pending. HB 4284 would remove the “excessive discount” prohibition in alcohol sales, HB 4285 would allow airlines to store alcohol within five miles of an airport in the same county, HB 4517 would create a complaint process for Texas distillers not paid by wholesalers, and HB 4773 would let breweries and brewpubs transport their own beer between facilities; HB 4773 drew the most debate, with supporters citing efficiency and opponents warning about unintended consequences and possible effects on the three-tier system, but it too was left pending. The committee also heard and left pending a series of TDLR cleanup bills and other measures, including HB 4765 through HB 4769, HB 4830 on service contracts for lease vehicles, HB 5506 giving civil immunity to ringside physicians at combative sports events, and HB 4690 on gasoline vapor pressure compliance. The meeting ended after all business was completed and the committee adjourned.
AL
Alabama 2025 Regular Session
Alabama House Mobile County Legislation Committee Apr 23rd, 2025
Mobile County Legislation
Transcript Highlights:
- So we can't do another TIF in the city of Mobile unless the cap is raised. Question, Mr. Chair.
- So, it'll give us some more room to do a few more TIFs if we raise that cap.
- So, we're raising the cap so we can do some more TIFs. Right now, we can't do any more.
- for the same advantage that class two for the same advantage that class three has of raising their cap
Bills:
HB567
AL
Alabama 2026 1st Special Session
Alabama House Financial Services Committee Jan 14th, 2026
Financial Services
Transcript Highlights:
- Well, we are actually putting some caps in there that the property owners or their state can get the
- Well, we are actually putting some caps in there that the property owners or their state can get the
- 09:25.120>
actually <00:09:25.360>putting <00:09:25.519>some <00:09:25.760>caps - <00:09:26.000>
in <00:09:26.160>there are actually putting some caps in there are actually - putting some caps in there that<00:09:26.560>
the <00:09:27.040>property <00:09:27.360>
TX
Texas 89th 2nd C.S.
Press Conference: Lt. Governor Dan PatrickRegarding a proposal to lower the "senior" homestead exemption age threshold from 65 to 55. Dec 9th, 2025
Texas Senate Floor Meeting
Transcript Highlights:
- We need to pass legislation and we've begun working on this with a 3.5% cap on spending.
- The appraisal cap eventually only raises taxes.
- In fact, New Jersey has a 4% appraisal cap, and they have the highest property taxes in the country.
- They don't move because they don't want to lose their cap and have it go up.
- And by the way, full disclosure, when I came into the legislature in 2007, I was an appraisal cap guy
KY
Kentucky 2026 Regular Session
House Standing Committee on Appropriations and Revenue (3-10-26) - Reupload
Appropriations & Revenue
Transcript Highlights:
- So what we've done is we've capped it.
- We are capping that now as going as 8%.
- Do you reference other states and their caps on $100 cigars? What are the caps of the other states?
- have caps on, um, premium cigar tax. have caps on, um, premium cigar tax.
- What are and their caps on $100 cigars?
Keywords:
An issue was found with the live stream of this meeting. This version was uploaded as a complete version and should contain the entirety of the meeting.
Meeting Start 00:00:00
Roll Call 00:00:15
HB 647 Discussion 00:02:00
HB 647 Vote 00:05:47
HB 501 Discussion 00:07:40
HB 501 Vote 00:09:53
HB 502 Discussion 00:11:20
HB 502 Vote 00:14:48
HJR 75 Discussion 00:16:53
HJR 75 Vote 00:17:35
HJR 76 Discussion 00:19:00
HJR 76 Vote 00:19:43
HB 869 Discussion 00:21:22
HB 869 Vote 00:30:00
HB 619 Discussion 00:31:39
HB 619 Vote 00:34:33
HB 356 Discussion 00:36:22
HB 356 Vote 00:40:19
HB 900 Discussion 00:43:17
HB 900 Vote 00:46:21
HB 816 Discussion 00:48:02
HB 816 Vote 00:53:47
HB 9 Discussion 00:55:05
HB 9 Vote 01:18:25
HB 757 Discussion 01:21:04
HB 757 Vote 01:35:55, 958, all
WA
Washington 2025-2026 Regular Session
Senate Law & Justice Jun 4th, 2025
Transcript Highlights:
- Well, there are at least four: sovereign immunity, statute of limitations, caps on damages, and case
- Damages: I think we're all aware, as attorneys in this room, there are no caps on damages for pain and
- There are no caps on damages for pain and suffering, emotional distress, or other non-economic damages
- damages because in previous attempts, discussions on capping damages because in previous attempts the
- Limits or caps on damages: we know we don't have any. Many other states do.
Summary:
The committee held a work session on tort liability and parole, with the chair explaining that the topics were linked because criminal justice reform and state liability often intersect, especially in cases involving child welfare and corrections. Staff first outlined Washington’s tort liability framework, including the state’s broad waiver of sovereign immunity, statutes governing mandatory reporting and investigation of abuse, the childhood sexual abuse statute of limitations, and the lack of caps on non-economic damages. Staff and presenters also compared Washington to other states and noted that Washington remains among the broadest states for state liability and childhood sexual abuse claims.
Presenters from the Attorney General’s office, Washington State Association for Justice, DCYF, DSHS, and DOC discussed how tort exposure has grown, especially in claims involving DCYF, historical child abuse, juvenile rehabilitation, vulnerable adults, employment discrimination, medical negligence, and negligent supervision. DCYF and AG staff said claims and payouts are rising, with many claims tied to older abuse and new theories of liability, while defense counsel emphasized the human harm behind the claims and argued that tort cases have historically driven accountability and reform. Agency witnesses said they face large volumes of old claims with limited records, rising verdicts and settlements, and staffing and systems challenges, and they highlighted efforts such as early resolution programs, electronic health records, medication-assisted treatment, and improved incident review processes.
The committee then shifted to parole. Sentencing experts reviewed Washington’s move from indeterminate sentencing to the current determinate sentencing system under the Sentencing Reform Act, and explained how parole could be integrated with sentencing guidelines through different models used in other states. They also summarized Criminal Sentencing Task Force recommendations related to a determinate-plus approach for three-strikes and persistent offender laws and a second-chance review process, noting there was no consensus on those ideas. Judges from the Minority and Justice Commission and the Superior Court Judges Association said a parole system could support rehabilitation and reduce disparities if it includes data collection, fairness, transparency, due process, and meaningful judicial review; they also pointed to research suggesting parole and structured reentry can reduce recidivism and costs, while warning that access and outcomes can vary by geography and other factors.
NM
Transcript Highlights:
- There's no fiscal impact, because when we set up the statute, we put 30 million a year as a cap.
- We're not even close to reaching that, so even though we're suggesting to go from 10 to 30, that 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.
- And still, we don't think we'll reach that cap of 30 million. So I sit down, and experts show up.
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
MN
Minnesota 2025-2026 Regular Session
House committee OKs bill to overhaul Minnesota's child care tax credit, HF1384 3/4/25
Transcript Highlights:
- What's the credit cap? Thank you, Mr. Chair.
- And so for a family that has just, let's just say they have one child age five, what are they capped
- What's the credit cap? Thank you, Mr. Chair.
- And so for a family that has just, let's just say they have one child age five, what are they capped
- What's the credit cap? Thank you, Mr. Chair.
Summary:
The committee heard House File 1384, which would create the “Great Start Child Care Tax Credit” by expanding the existing dependent care credit for families with children under age six. The bill would raise the qualifying expense limits for young children, allow more children to qualify, and phase the credit down starting at $125,000 of earned household income until it reaches zero above roughly $400,000. The author said the proposal is intended to better address the high cost of child care, especially for middle-income families who may not qualify for other assistance programs.
Claire Sanford of the Minnesota Child Care Association testified in support. She said child care providers across Minnesota have unused capacity because many families cannot afford services, and argued that making care cheaper for families is important for workforce participation and child development. She also supported the bill’s focus on children under five and its expansion of help up the income scale, saying middle-class families have received little assistance with child care costs.
Members asked about how the bill differs from current law, the cap for a family with one child age five, and the fiscal impact. The author explained that a family with one child under age six would have a $10,000 cap under the proposal and said a prior fiscal note estimated the bill at about $200 million per year. The author also noted the proposal had been introduced previously and said the Department of Revenue’s new ability to make advance payments could be relevant as the bill moves forward.
The author renewed the motion to re-refer HF 1384 to the Committee on Taxes. The committee approved the motion by voice vote, and the bill was sent to Taxes.
FL
Florida 2025 Regular Session
Health Policy Oct 7th, 2025
Transcript Highlights:
- EACH FACILITY TYPE WAS ALSO CAPPED AT THE AMOUNT THEY COULD RECEIVE EACH YEAR.
- ALSO I REFERENCE THE CAPS EARLIER ON BECAUSE FROM ONE OF THE SLIDES EARLIER ON WE NOTICED FOR 24 25 WE
- THAT MAY HAVE HAD ELIGIBLE HOURS ABOVE THE CAP BUT FOR THE 19 FACILITIES THAT WERE ACCREDITED FOR A
- GME OR CODA SEVEN REACH THE CAP OF 100,000.
- AND OF THE 210 NONACCREDITED FACILITIES 23 REACH THE CAP OF 75,000.
ND
North Dakota 2026 1st Special Session
Legislative Audit and Fiscal Review Committee Jun 17th, 2026 at 10:00 am
Legislative Audit and Fiscal Review Committee
Transcript Highlights:
- And that would equal your cap for fiscal year 25.
- Because, after all, what we're talking about here is a cap, just like the 3% cap.
- It's a cap on the amount of property taxes that the county can levy.
- They have this additional 3% cap.
- And, like Senator Hogue has mentioned, we have another cap, the 3% cap.
ND
North Dakota 2025-2026 Regular Session
Legislative Audit and Fiscal Review Committee Jun 17th, 2026
Transcript Highlights:
- And that would equal your cap for fiscal year 25.
- Because, I mean, after all, what we're talking about here is a cap, just like the 3% cap.
- It's a cap on the amount of property taxes that the county can levy.
- . but They have this additional 3% cap.
- If we allow this to go by, and like Senator Hogue has mentioned, we have another cap, the 3% cap.
Summary:
The committee was called to order, the Pledge of Allegiance and prayer were offered, and the minutes from the previous meeting were approved. Members then received a memo summarizing major audit items and began hearing audit presentations from the State Auditor’s Office and private auditors on a range of state agencies and organizations.
Several audits were reported as clean, including the Bank of North Dakota, the North Dakota Guaranteed Student Loan Program, the Office of the Governor, the Office of the State Treasurer, the Office of Management and Budget, the Department of Transportation’s flexible transportation fund, Lake Region State College, and the Department of Environmental Quality. The North Dakota Stockmen’s Association also received an unmodified opinion, though repeat findings were noted for limited segregation of duties and financial statement preparation due to its small staff. The Council on the Arts audit found two findings: payroll charged to federal awards without adequate timekeeping records, and unallowable expenditures from a restricted cultural endowment fund. The Department of Public Instruction audit identified unsupported scholarship applications in the paraprofessional-to-teacher program, though additional testing showed the funds were used for their intended purpose.
The most extensive discussion centered on the North Dakota Racing Commission audit, which identified four findings: overspending the promotion fund’s 25% operating limit, grant conditions not being met, improper Breeders Fund awards, and improper procurement for advertising services. Racing Commission director Bruce Johnson acknowledged complacency and weak controls, said the agency would tighten procedures, and explained that the commission had since worked with procurement and would follow the rules more closely. Auditors also explained that the commission would now be audited every two years because of the findings. Another major discussion involved the University of North Dakota School of Law, where auditors found a lack of documentation supporting admissions decisions for post-baccalaureate programs. UND officials said they remain in good standing with the American Bar Association but agreed better documentation and tools are needed; the committee pressed for more transparency and follow-up on admissions criteria.
The committee also received an update on Dakota College at Bottineau, where Minot State University reported that bank reconciliations had been brought current after a significant backlog and would now be maintained through shared services. Members requested a written follow-up report on the issues and corrective actions. Finally, the North Dakota Fair Association explained that its foundation has been dissolved and remaining funds were transferred to another nonprofit for continued support of the state fair, and the Department of Public Instruction provided an update on school meal debt, saying the reported amount was about $1.1 million from a partial district survey and that debt remains a local issue, though it could be revisited if school meal funding changes.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Health Care Financing Jun 21st, 2026 at 11:00 am
Joint Committee on Health Care Financing
Transcript Highlights:
- This is legislation that would cap Thank you. and Senate Bill 0899.
- This is legislation that would cap health care CEO pay at 50 times the salary of their lowest-paid worker
- For that reason, I ask you to please support this bill to cap health care CEO pay.
- CEO pay will be capped at 50 times the lowest paid full-time employee in the corporation.
- for most hospitals would cap CEO pay at just $1.5 million, still more than a generous salary from my
Summary:
The Joint Committee on Health Care Financing held a public hearing on a broad set of health care bills focused on cost, market oversight, pharmaceutical access, transparency, hospital closures, and pharmacy access. Chairs John Lawn and Cindy Friedman opened by emphasizing recent health care reforms and the need for further action on the drug supply chain, PBMs, private equity, and affordability. The committee heard testimony on several measures, including a Betsy Lehman Center bill to make technical changes and create a permanent trust account for federal and private funding, and bills on hospital profits and fairness, hospital closures and health planning, pharmacy deserts, and health care market oversight and pharmaceutical access. No votes were taken during the hearing.
On the hospital profits bill, physicians and labor advocates strongly supported capping hospital CEO compensation at 50 times the lowest-paid worker, requiring greater financial transparency, and directing penalties from high-margin public hospitals into a Medicaid reimbursement fund. Testifiers argued that executive pay is excessive while frontline staff and safety-net services are under strain. Committee members raised concerns about unintended consequences, including whether hospitals might shift workers to contract status or lose executive talent, and whether the bill would actually direct money to the safety net. Supporters responded that the measure is one piece of a larger effort and that the bill’s Medicaid reimbursement provisions would help underserved hospitals.
Testimony on market oversight and pharmaceutical access centered on rising health care and drug costs, PBM practices, and the proposal to give the Health Policy Commission authority to set upper payment limits for certain drugs. Consumer advocates, disability advocates, an independent pharmacist, the Attorney General’s office, and others supported stronger oversight, citing premium increases, affordability problems, and the impact of high drug prices on patients and community pharmacies. Pharma and some industry witnesses opposed parts of the bill, warning that upper payment limits could disrupt access, create legal issues, and fail to address the broader supply chain. The committee also heard support for stronger hospital closure notice and public hearing requirements, and for a pharmacy deserts bill aimed at identifying and addressing closures like the one in Roxbury that affected thousands of patients.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jun 21st, 2026 at 10:00 am
Joint Committee on Revenue
Transcript Highlights:
- the proposal would extend the state pass-through entity excise as a workaround to the first Trump-era cap
- He said the original SALT cap deduction was set at $10,000 and has now been set at $40,000.
- .. ...when the first Trump administration put through their tax bill, they for the first time put a cap
- The federal government capped that at $10,000, but they capped it for individuals, not for corporations
- What has changed between Trump 1 and Trump 2 is the cap has now been increased from $10,000 to $40,000
Summary:
The Joint Committee on Revenue held a public hearing on H. 4975, Governor Healey’s bill to manage the impact of the federal “One Big Beautiful Bill” (OB3) on Massachusetts tax law and state revenues. Administration officials, led by Secretary of Administration and Finance Matt Gorowitz, said OB3 would otherwise reduce FY26 revenue by about $442 million and argued for a phased-in conformity approach that would preserve the current-year budget while still adopting selected federal business tax provisions over time. The proposal would phase in the research and experimental expenditure deduction first, delay other major corporate provisions for two years, extend the pass-through entity excise to income subject to the 4% surtax, add a one-year delay mechanism for future federal tax changes over $20 million, limit opportunity zone benefits to Massachusetts investments, and make smaller technical changes to DFML contributions and casino reporting thresholds. Committee members questioned the rationale for phasing in rather than fully decoupling, the effect on the budget if the bill did not pass, and the treatment of opportunity zones, the surtax, and future federal tax changes.
Public testimony was split. MassBudget, Progressive Massachusetts, and several labor and public-sector groups urged the committee to permanently decouple from the federal corporate tax changes rather than delay them, arguing that the bill would still send state revenue to corporate tax breaks, often for investments outside Massachusetts, and that the state should protect funding for schools, health care, human services, and other public services. The Massachusetts Society of CPAs supported the administration’s timing and the research-and-development provisions, citing filing deadlines and the importance of certainty for businesses and startups. Business and tax experts also testified that rushed conformity can create revenue losses and that the governor’s review-and-delay framework was a prudent improvement, though some said decoupling should be the default if the Legislature does not act.
Unite Here Local 26 testified against sections 3 and 4, which would raise the slot-machine jackpot reporting threshold from $1,200 to $2,000, arguing the current threshold helps with problem-gambling intervention, preserves slot attendant jobs, and generates revenue. Several union leaders, including the Massachusetts Teachers Association, AFT Massachusetts, SEIU 509, the Massachusetts Building Trades, the AFL-CIO, and 1199 SEIU, urged permanent decoupling, warning that OB3’s federal tax cuts and related spending reductions would worsen budget pressures, harm public services, and shift costs onto workers, patients, and schools. No votes were taken at the hearing.
MN
Minnesota 2025-2026 Regular Session
Senate and House Tax Policies Discussion Group - 05/06/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- So we put a referendum in and caps on the projects for costs.
- That we thought was a little bit interesting that you would just take the caps off, why not?"
- <00:25:14.080>
off Hermantown, they had taken the caps off Hermantown, they had taken the - caps off their their their the<00:25:16.440>
money <00:25:16.760>that <00:25:16.920> - the projects referendum in and caps on the projects for<00:25:22.760>
costs.
NM
New Mexico 2026 Regular Session
Senate - Conservation Jan 31st, 2026 at 09:07 am
Senate Conservation
Transcript Highlights:
- Thank you. in this committee about the fires in Roswell and the Hermits Peak Fire and the Cap Canyon
- We're just updating the fee caps for specific regulations under NMDA. Excuse me.
- In some instances, fee caps have not been addressed in 50 or more years.
- Proposed caps are based on an estimated future 20-year operating period, and fees are caps of similar
- So this bill really just raises the caps. It does not necessarily raise the fees.
Keywords:
food recovery, composting, waste management, solid waste surcharge, organic waste reduction, environment, grants, advisory group, bosque management, Rio Grande, environmental protection, water resources, fiscal appropriation, drinking water, well owners, water testing, water treatment, public health, agriculture, New Mexico Department of Agriculture