Transcript Highlights:

• What are the goals of land value tax?
• </c><00:07:39.400><c> tax</c> what are the goals of land value tax what are the goals of land value tax
• </c> Advocates so proponents of land value Advocates so proponents of land value taxes<00:07:42.520><
• So, um, are there winners and losers under land value taxes?
• </c><00:10:28.560><c> taxes</c> actively impose impose land value taxes actively impose impose land value

Committee: House Taxes

Keywords: 1183, house

Transcript Highlights:

• The amendment says that the motor vehicle will send the wet signature to the Secretary of State.
• will vote aye looking for the floor amendment, and hopefully we can clean this up, but we need a vehicle
• If not, I will change my vote, but today I will vote aye to move the bill along so we have a vehicle.

Committee: House House Federalism, Military Affairs & Elections Committee of Reference

Summary: The committee heard an extended presentation and discussion on Arizona higher education research security, focused heavily on Arizona State University’s foreign funding, international partnerships, and alleged ties to Chinese military-affiliated institutions. The presenter argued that ASU and the Arizona Board of Regents had not been transparent about foreign gifts, contracts, and research collaborations, especially those involving the Chinese “Seven Sons” universities, and said the committee would pursue a congressional referral and other federal review. A strike-everything amendment to SB 1060 was described but then withdrawn; the underlying SB 1327 was then taken up as a companion measure requiring ABOR to adopt university research security policies and submit annual reports on those policies and on foreign contributions over $250,000. The committee heard testimony in support from Marina Macklin, who said the bill would help protect dual-use and defense-relevant research from being funneled to China’s military ecosystem, and she answered questions about biosecurity, semiconductors, AI model theft, and election systems. After debate, SB 1327 was approved on a 4-2 vote, with Delos Santos and Marquez voting no and Colloden, Powell, and the chair voting yes; the chair stated his support was to keep missile, armor, guidance, and other technology safe from the Chinese government. The committee then heard SB 1803, a veterans’ consumer-protection bill regulating private companies that help veterans file disability claims. The bill would prohibit unaccredited persons from preparing, presenting, or prosecuting veterans’ benefits matters, require service agreements to be filed with the Attorney General, cap compensation, ban certain practices such as overseas call centers and in-house doctors, and create consumer-fraud enforcement authority. Sponsor Sen. Gallin said the measure was intended to add guardrails for veterans and prevent bad actors from taking excessive fees or misleading claimants. Testimony from Veterans Guardian representatives supported the bill as a way to create transparency and preserve veterans’ choice while regulating the industry; they said many veterans seek private help after unsuccessful attempts with free services and that the bill would not eliminate competition. Opponents and skeptical members questioned whether the bill would effectively legalize one business model while restricting others, whether the contingent-fee structure was consumer-friendly, and whether the companies were engaging in the unauthorized practice of law. The discussion also referenced prior federal and state litigation involving similar laws and the possibility of future federal accreditation reform. The transcript ends during continued questioning on SB 1803, before a final vote is shown.

Transcript Highlights:

• put</c><01:21:44.960><c> her</c><01:21:45.280><c> into</c><01:21:45.840><c> a</c><01:21:46.080><c> vehicle
• </c> and put her into a vehicle. and put her into a vehicle.

Keywords: 1183, house

Transcript Highlights:

• To net asset value growth.
• And so when we think of stores of value, we think of a store of value.
• And that's what people think of as a store of value—something that will maintain its value over time.
• Gold is valued at 22 trillion.
• Well, the value is in the network.

Committee: House Investments & Pensions Oversight Committee

Transcript Highlights:

• </c><00:32:49.279><c> First,</c> defending its value in court. First, defending its value in court.
• The statutory mandate is to value property at market value, so assessors should look at market data.
• The statutory mandate is to value property at market value, so assessors should look at market data.
• The statutory mandate is to value property at market value, so assessors should look at market data.
• /c> This is how value this is how value is This is how value this is how value is um<00:41:15.760><c>

Bills: HF3676 , HF2959 , HF3233

Committee: House Judiciary Finance and Civil Law

Keywords: Safe at Home, address confidentiality, domestic violence, sexual assault, stalking, harassment, victim privacy, survivor protection, confidential address, protected address, secret address, identity protection, residential confidentiality, program participant, nondiscrimination, court disclosure, protective order, service of process, driver's license, state ID

Transcript Highlights:

• ratios, whereas the market value of assets represents the value of the trust fund as of the valuation
• I’ll start with the market value. To mention, it’s the value of the trust fund.
• The dashed line represents the actuarial value. The dashed line represents the market value.
• You can see that the market value is more volatile, moves up and down, and then the actuarial value cuts
• market value of the fund.

Committee: Joint Pension Funding Council

Summary: The Pension Funding Council met on June 23, 2026, for a work session that began with an overview of the Higher Education Supplemental Retirement Plan (SRP) and a 2025 accounting valuation of that plan. Staff explained that the SRP is a closed defined benefit supplement for higher education employees hired before the 2011 closure, with employer contributions currently pre-funding benefits in institution-specific trusts while institutions still pay benefits on a pay-as-you-go basis. The State Actuary’s office reported that the plan’s accounting position has improved, with combined market assets of about $245 million against $377 million in accrued liability, and that strong market performance since 2022 has increased the asset-to-liability ratio. The office emphasized that this was an educational accounting valuation, not a funding valuation for rate-setting. The council then received the 2025 actuarial valuation report for the state retirement systems. Actuaries reviewed the recent demographic experience study, noting updated assumptions for mortality, retirement, termination, and salary growth, and said the net impact on most plans was small. They reported that most plans’ funded ratios improved, with all plans at least 94% funded and several at or above 100%, and that contribution rates for the 2027–2029 biennium are generally lower than current rates. They also noted that future rates could be affected by market volatility as deferred gains are recognized over the next few years. During public comment, a representative of the Association of Washington Cities urged the council to consider rate reductions to help local governments facing budget pressures. In executive session, the council first approved a motion directing the Office of the State Actuary to perform an actuarial evaluation and analysis of each institution’s Higher Education Supplemental Retirement Plan, including institution-specific contribution rates, asset sufficiency, and funding policy options, due by July 1, 2028. The council then adopted the 2027–2029 pension contribution rates based on the 2025 actuarial valuation report. Both motions passed 5-0, with one member excused. The meeting concluded with no further business.

Transcript Highlights:

• committee, I just wanted to say because it is duplicate in intent of 2382, we wanted to provide two vehicles
• Um, I have seen guns get turned in for $100 that are street valued through a gun dealer in the $3,000
• $100<01:19:57.280><c> that</c><01:19:57.679><c> are</c><01:19:58.159><c> street</c><01:19:58.480><c> valued
• </c><01:19:59.199><c> through</c><01:19:59.360><c> a</c> $100 that are street valued through a $100 that
• are street valued through a gun<01:19:59.760><c> dealer</c><01:20:00.560><c> in</c><01:20:00.800><c>

Committee: Senate Public Safety and Military Affairs

Keywords: 912, senate, all

Summary: The committee heard extensive testimony on Senate Bill 433, which would restrict the carrying of “bladed weapons” and related items. The Office of the Public Defender, Honolulu Police Department, the Hawaii Firearms Coalition, Knife Rights, and many individual testifiers opposed the bill, arguing it is overbroad, vague, and likely unconstitutional. Common concerns were that the term “bladed weapon” could sweep in ordinary tools such as pocketknives, Leathermans, multi-tools, fishing and camping gear, and items used by farmers, ranchers, hunters, divers, and martial arts practitioners. Several speakers also warned that the bill could burden lawful self-defense and create an affirmative-defense scheme that shifts costs and proof burdens onto defendants. Supporters and opponents alike focused on the need for a clearer definition, with HPD saying a narrower definition would help distinguish ordinary tools from dangerous weapons used in assaults. Opponents repeatedly urged the committee to defer or kill the measure, citing pending and related court cases and the risk of new constitutional challenges. Some testifiers tied the bill to Native Hawaiian gathering rights and subsistence practices, saying it would interfere with hunting, fishing, and food gathering, while others argued it would do little to deter criminals and instead penalize law-abiding residents and visitors. After finishing testimony on SB 433, the committee moved on to Senate Bill 2575 relating to firearms. The transcript shows the start of that item with the Office of the Public Defender and other agencies being called, but no substantive testimony or action on SB 2575 is included before the excerpt ends. No votes or final committee actions are reflected in the portion provided.

Transcript Highlights:

• Market value for a property can vary dramatically from an appraised value, and sometimes they're not
• The goal is to have an appraised value that approximates market value, but it doesn't always work that
• ><c> get</c> in appraised value because you can get in appraised value because you can get off<00:06:
• </c><00:06:49.039><c> uh</c><00:06:49.720><c> the</c> The average market value, uh, the appraised value
• The other thing is that market value for a lease of a unit can be quite different than the value of the

Keywords: 928, house, all

Summary: The subcommittee discussed HB 694, focusing on how to set fair market rates for lease renewals involving state agencies and political subdivisions. Members and the New Hampshire Association of Counties worked through draft language defining fair market value, including how appraisals, depreciation, and building deficiencies should be considered. Testimony emphasized that market value and appraised value can differ significantly, and that the bill should allow flexibility rather than require a rigid formula. The group also debated what expenses should be included in lease terms. After discussion of examples such as utilities, custodial services, insurance, maintenance, and newer needs like communications or internet service, members agreed not to create an overly specific list. They settled on language stating that additional expenses, including but not limited to utilities and custodial services, would be negotiated separately. The final amendment was revised to apply to lease renewals for land, buildings, or space between a political subdivision and the State of New Hampshire, with renewals at fair market rate unless otherwise agreed by the lessor. The subcommittee agreed to have the amendment drafted at OLS and then closed the public subcommittee meeting on HB 694.

Transcript Highlights:

• </c> have a value of the $355,000. have a value of the $355,000. followup. followup. followup.
• </c> a contributo value of $7,800. a contributo value of $7,800.
• This value was determined by an appraisal for fair market value. So, um, I apologize.
• value of what we bought it for?
• </c> value of each parcel. value of each parcel.

Keywords: 1189, house, all

Summary: The committee approved the minutes from its September 29 meeting and then took up a series of Department of Transportation and Department of Administrative Services property actions. Several DOT items involved disposal of land originally acquired for the now-dissolved Conway bypass or other highway projects, including a 445.6-acre Conway parcel proposed for sale to the town of Conway for conservation use, a 1.78-acre Chesterfield parcel for sale to an abutter, a 6.13-acre Madison parcel tied to the Conway bypass, and a bulk disposal package of 22 improved parcels in Merrimack, Litchfield, and Hudson. Members asked about appraisals, conservation easements, federal funding restrictions, tenant occupancy, and whether the state would recover its original investment; DOT said values were based on appraisal or market analysis, federal reimbursements may be required where federal funds were used, and proceeds from turnpike-related property would return to the turnpike fund. All of these disposal motions were approved. The committee also approved several DOT lease/easement items. These included a Greenfield railroad-corridor lease for equestrian use, a Lake Winnipesaukee dock lease to CE Realty Trust, a similar dock lease to Needle Eye Association, and an easement in Carroll for Industrial Wireless to build a private road and cross Mount Deception Brook for a cell tower project. Members focused on maintenance responsibilities, liability insurance, access limitations, fencing, and the relationship between the railroad corridor and adjacent uses. DOT said lessees would be responsible for maintenance, access to the railroad would be restricted, and liability insurance would be included where appropriate. The committee also approved a separate easement for Eversource in Rochester to install utility lines serving the new courthouse, with the department explaining that the easement is a narrow strip needed to complete construction. The Department of Administrative Services received approval for a use-of-premises agreement allowing Rockingham County to lease 300 square feet in the Brentwood courthouse for office space, and for a perpetual utility easement in Rochester for Eversource, with a waiver of the administrative fee. The committee also heard that the Rochester courthouse project needs the utility work to finish construction. Throughout the meeting, members repeatedly asked about insurance, public access, valuation, and whether tenants or abutters would have first opportunity to buy or lease the affected properties. All motions before the committee were adopted.

Transcript Highlights:

• But, you know, you talked about assessed value versus taxable value versus market value.
• ><c> value.
• </c><00:54:17.280><c> that</c> taxable value versus market value. that taxable value versus market value
• When estate values, fair market values.
• /c> total value the assessed value is of the total value the assessed value is of the county<03:08:11.200

Committee: Joint Revenue

Keywords: 916, all

Transcript Highlights:

• value, value, fair market value, um<01:21:15.760><c> rather</c><01:21:16.080><c> than</c><01:21:16.239
• . value. value.
• Sentence as all by saying market value assessed value.
• value.
• I would move value of fair market value.

Bills: HB0045

Committee: House Revenue

Keywords: property tax, exemption, homeowners, long-term, aged, 916, all

Transcript Highlights:

• ratios, whereas the market value of assets represents the value of the trust fund as of the valuation
• I'll start with the market value. To mention, it's the value of the trust fund.
• The line represents the market value. The dashed line represents the actuarial value.
• You can see that the market value is more volatile, moves up and down, and then the actuarial value cuts
• market value of the fund.

Committee: Joint Pension Funding Council

Keywords: 904, all

Transcript Highlights:

• Um, so if I can give you one value.
• </c> a present value of $46,000. a present value of $46,000.
• </c> statutory present value calculation. statutory present value calculation.
• This concept of present value got dropped into the bills, and when you talk about present value, the
• </c><01:16:35.600><c> of</c> negates the fundamental time value of negates the fundamental time value

Keywords: 1187, senate, all

Transcript Highlights:

• And, to be clear, this market value exclusion does have a cost.
• value of the property, right?
• </c> choose between this market value choose between this market value exclusion<00:12:33.399><c> and
• </c> when we're talking about market value when we're talking about market value exclusions<00:13:17.360
• </c><00:15:18.600><c> to</c> there is an inherent value to there is an inherent value to communities<

Keywords: 1183, house

Transcript Highlights:

• <00:43:01.960><c> statements</c><00:43:02.720><c> of</c> value statements of value statements of what
• </c><00:44:08.359><c> their</c> value them and we don't value their value them and we don't value their
• state that we are not valuing higher education.
• </c> passing this is that we do not value passing this is that we do not value higher<00:47:32.520><c
• </c> higher education as much as we value higher education as much as we value other<00:47:34.599><c>

Keywords: 928, house, all

Summary: The House Finance Division II work session considered several amendments to HB 2. The first two items were rejected: a proposal to add a new “Lakes” license plate with proceeds to the cyanobacteria fund failed 7-8, and Amendment 1040, which would have imposed a 5% administrative fee on certain dedicated funds to raise general fund revenue, failed 4-5. Representative Maguire explained the fee would apply only to new revenue going forward and would not change existing fund balances; he also described exemptions for federal funds, bequests, and other special cases. Representative Murray questioned the consistency of the approach and who currently pays administrative costs, while Maguire said the charges are often handled case-by-case by agencies or the treasurer. The committee then revisited revenue distribution changes in HB 2. Members first reconsidered and reversed prior acceptance of sections affecting the Education Trust Fund, then adopted Amendment 1381H, which changes the distribution of business profits tax and business enterprise tax revenue, along with related sections, to shift more money to the General Fund. Supporters argued the change was needed to address revenue shortfalls and to align with historical distributions; opponents said it reduced support for education. The reconsideration motion passed 7-3, and the amendment itself passed 5-3. The committee also adopted Amendment 1413H, incorporating the language of HB 741 on open enrollment and student attendance in public schools. Supporters said it was House policy and had sufficient policy and fiscal impact to belong in HB 2; opponents noted the underlying bill had been controversial and passed the House by a relatively close margin. Finally, the committee considered a USNH budget reduction proposal that would cut the University System of New Hampshire by $25 million per year net. Supporters said the cut was necessary to balance the budget and that K-12 obligations had to take priority, while opponents argued the cut would harm workforce development, the state economy, and student retention. The transcript cuts off during extended debate, and no final vote on the USNH item is shown in the provided text.

Transcript Highlights:

• They can't pay more than fair market value, but they can't pay under fair market value either.
• He said the whole context around the appraised value has to be considered to determine fair market value
• </c><00:30:15.760><c> of</c> TV show Yellowstone and the value of TV show Yellowstone and the value of
• </c> around this table right here who value around this table right here who value so<00:30:19.919><c
• The appraiser in his report says, 'I don't know how to value this as wilderness.'

Keywords: 919, house, all

Summary: The committee took up HF 1425, which would prohibit the sale of state-owned school trust lands in the Boundary Waters Canoe Area Wilderness to the federal government and instead require a land trade. Representative Skraba argued the federal wilderness law requires an exchange, not a sale, and said the state should trade Boundary Waters school trust lands for federal lands elsewhere, citing potential benefits for logging, mining, and school trust revenue. He said the current proposed sale price was too low and moved to lay the bill over for possible inclusion in a future bill. Later, he withdrew a DE1 amendment and instead moved to re-refer the bill to the Education Finance Committee, but that motion failed. Testimony was largely opposed to the bill. Aaron Vandal of the Office of School Trust Lands said the exchange option was no longer viable, that the lands have produced no revenue for education for decades, and that selling them is the trust’s last opportunity to generate returns for schoolchildren. Bob Meyer of the DNR supported Vandal’s position and said the agency could not negotiate mineral rights in the way suggested. Aon Clems of the Minnesota Center for Environmental Advocacy and Amanda Hefner of Save the Boundary Waters both opposed HF 1425, though they emphasized different reasons: Clems argued a sale best fulfills the state’s fiduciary duty to maximize long-term returns for education, while Hefner said a sale would harm public education funding, align with the trust’s original purpose, and help consolidate federal ownership in the wilderness. Members then questioned the valuation and the practical differences between a sale and an exchange. Representative Jacob challenged the low per-acre price and asked about the federal government’s set-aside amount, while Representative Fischer asked how the appraisal was determined. DNR lands and minerals director Joe Henderson explained the valuation came from an independent appraiser, was based on the wilderness restrictions and lack of development potential, and was from a 2020 appraisal that is now being updated. Representative Schultz supported the sale approach and said the state should not transfer the land at such a low price. The committee did not advance the bill to the Education Finance Committee.

Transcript Highlights:

• of the property but the market value of the property but the legacy<00:48:33.119><c> value</c><00:48
• the fair market value uh a fair<00:49:01.680><c> value</c><00:49:02.000><c> for</c><00:49:02.319><c>
• It would be the value. representative. It would be the value.
• </c> that's going to bring a a higher value that's going to bring a a higher value of<01:07:15.359><c
• ,</c> deprived of its generational value, deprived of its generational value, that's<01:10:28.560><c>

Keywords: Meeting Start: 00:00:00 Roll Call: 00:00:01 Kentucky’s Justice Reinvestment Initiative – Domestic Violence: 00:02:00 Uniform Partition of Heirs Property Act: 00:46:41, 958, all

Summary: The Interim Joint Committee on Judiciary approved the minutes from its July 24, 2025 meeting and heard an announcement about a lunch sponsored by the Kentucky State Buildings and Trades Council on forming a blue-collar caucus. The main presentation came from the Council of State Governments’ Justice Center on the Kentucky Justice Reinvestment Initiative’s domestic violence work, which was described as a multi-year effort begun in 2023 to analyze data and interview stakeholders across the state. Presenters reported that domestic violence is widespread in Kentucky, with about half of adults experiencing some form of violence or stalking in their lifetimes, and that an average of about 22,000 IPV incidents occurred annually from 2018 to 2022. They said domestic violence is a major driver of violent crime, accounting for about 48% of person offenses over a six-year period, and is linked to significant shares of homicides, sex crimes, kidnapping, aggravated assault, and simple assault. They also said reported incidents and arrests have risen in recent years, that protective-order violations and convictions have increased, and that Kentucky ranks near the bottom among surrounding states in the share of victim compensation for domestic-violence-related claims. Law enforcement survey results showed strong adoption of model policies and guidance, but limited use of screening tools for serious injury risk. The presenters emphasized that domestic violence also places heavy demands on law enforcement, courts, and corrections, citing roughly 30,000 law-enforcement responses in 2022 and noting that more than a third of people entering DOC custody and nearly a third under supervision had DV-related histories. They said a small group of repeat offenders drives ongoing harm and that targeted interventions could reduce recidivism. They highlighted a North Carolina example in which focused intervention reduced IPV-related homicides and calls for service, and they referenced Kentucky’s 2020 assessment recommendations on training, language access, protective-order service, and coordination with victim services and batterer intervention providers. They estimated that a 25% reduction in reported DV incidents could prevent nearly 5,000 victimizations annually and reduce DOC commitments and costs substantially. Committee members asked about the relationship between civil domestic violence petitions and companion criminal cases, and the presenters said they would check whether the data could answer that question. Members also discussed recent Kentucky legislation, including Senate Bill 319 on crime victims compensation and House Bill 38, which made a third domestic violence offense a Class D felony. Several members thanked the presenters and advocates, and one member raised concerns about service of process and recent violent incidents involving domestic violence-related warrants, prompting discussion of dedicated service units in larger jurisdictions and the resource limits faced by smaller agencies.

Transcript Highlights:

• no mechanism for that value to be realized and monetized and the proceeds from that gain in value to
• ><c> be</c> no mechanism for that value to be no mechanism for that value to be realized<00:14:22.560
• The fund value can certainly decline. Uh The fund value can certainly decline.
• </c> average of the funds value. average of the funds value.
• So, the value of the fund at 2.3 is half investment value.

Committee: Senate Education Finance

Keywords: 1187, senate, all

Transcript Highlights:

• </c> an important reminder that market value an important reminder that market value increase<00:10:18.160
• </c> disabled veterans market value disabled veterans market value exclusion<00:12:38.279><c> all</c>
• </c> from basically property taxes that value from basically property taxes that value would<00:12:50.000
• </c> implications to tax policy uh the values implications to tax policy uh the values that<00:31:21.360
• </c> that a property can increase in value that a property can increase in value one<00:37:34.920><c>

Committee: House Taxes

Keywords: 1183, house

Transcript Highlights:

• The first tier would include the first $1.5 million of value, changed from $600,000.
• The third tier would include value over $4.5 million.
• About 440 of these properties, or 45% of all Class 1C properties, have taxable market value exceeding
• </c> properties have taxable market value properties have taxable market value exceeding<00:03:57.200
• Our property tax, as Joel had said, is valued not on our business or what our business value is, but

Committee: Senate Taxes

Keywords: 1187, senate, all