Transcript Highlights:

• War premiums, conflict pricing.
• for the price of a barrel of oil.
• That is the price today of the world oil price, and that's what we're getting today.
• Ron, this strip price is... that's not North Dakota price then, or is this North Dakota price?
• But when prices go down, what do we all do?

Keywords: 908, all

Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity in North Dakota. Ron Ness said production is expected to remain relatively flat at just under 1.2 million barrels per day, with efficiency gains and longer laterals helping offset lower rig counts. He discussed oil and gas prices, gas taxation, flaring concerns, northward movement of drilling activity, and the importance of new infrastructure and enhanced oil recovery (EOR) pilots. Members asked about gas taxation, natural gas liquids, pipeline impacts, and the outlook for Continental and other operators. Ness said the industry is likely to remain steady rather than see a major ramp-up or decline. Matt Pearl of the State Tax Department then explained the federal “big beautiful bill” and its effect on North Dakota income tax collections. He said the law extends or makes permanent several federal provisions and creates temporary deductions for seniors, tips, overtime, and auto loan interest, with the biggest state impact coming from the standard deduction increase and business tax changes. He revised earlier estimates downward, saying the net cash impact on state collections is likely in the $30 million to $35 million range after accounting for business prepayments and one-time FY25 oilfield transaction effects. Committee members asked which provisions apply to standard versus itemized returns. OMB staff gave a detailed update on major capital projects and facility funding. Topics included Capitol grounds improvements such as 18th-floor renovations, wayfinding, seating, lighting, tree management, and restroom and lobby upgrades; security work at the governor’s residence, which has been delayed by the discovery of human remains; and space reconfiguration efforts in Bismarck-Mandan to reduce leases and create shared offices and conference rooms. They also reported on the State Facility Maintenance Fund, including roof, window, boiler, and kitchen projects at state facilities, and on the state hospital project in Jamestown, which remains on budget and on schedule for substantial completion in winter 2027 and opening in spring 2028. OMB also updated the committee on the Minot North Central State Office Building, the use of federal State Fiscal Recovery Funds, and the status of legislative intent and trust fund reports, including school aid turnback, the school construction loan program, the Foundation Aid Stabilization Fund, the Legacy Fund, and the Strategic Investment and Improvements Fund. The committee ended by discussing future agenda items, including government efficiency, cash management, Bank of North Dakota lines of credit, and the rural health transformation program, and then adjourned.

Transcript Highlights:

• During Joe Biden's time in office, overall prices rose by over 20 percent, energy prices rose by over
• Employment and stable prices.
• PCE inflation prices.
• And when you look at the price...
• But when it comes to prices, Mr.

Bills: SB257

Keywords: supply chain resilience, critical supply chains, critical goods, manufacturing, domestic manufacturing, reshoring, nearshoring, supply chain security, supply chain shock, supply chain disruption, critical infrastructure, emerging technologies, semiconductors, microelectronics, artificial intelligence, quantum computing, robotics, advanced manufacturing, blockchain, cybersecurity

Transcript Highlights:

• and food costs so talk about fuel prices and food costs so talk about fuel<00:35:38.800> prices
• increase it would and then prices increase it would and then prices essentially<00:42:56.680>
• <00:46:47.559> for occur and you also need the price for occur and you also need the price
• <00:47:04.920> can more transactions at lower prices can more transactions at lower prices
• :16.599> all-time high right home prices are at all-time high right home prices are at all-time

Keywords: 928, house, all

Summary: The committee meeting began with an overview from the Legislative Budget Assistant Office on how Ways and Means will work with agencies and leadership during the budget and revenue-estimating process. Staff explained that the governor’s budget is still being developed, agencies are cautious about going on record early, and the committee will use worksheets and updated fiscal reports to track estimates. The presentation emphasized that the fiscal year 2025 budget status is a point-in-time snapshot and remains fluid because the annual comprehensive financial report has been delayed, which could change the beginning balances for both the general fund and education trust fund. The budget update highlighted that the general fund is currently stronger than originally assumed, while the education trust fund is weaker. The speaker said the general fund began FY25 with a much larger balance than expected, while the education trust fund came in lower due to higher-than-budgeted adequacy spending and weaker business tax performance. Revenue trends showed the general fund slightly ahead year to date, but the education trust fund down significantly. The committee also discussed unbudgeted appropriations, including attorney general litigation, legal settlements, abandoned property claims, adequacy true-ups, and education freedom accounts, as well as the role of lapses and off-budget items in the final balance. Members asked about the delayed liquor commission audit and whether it could affect revenue forecasts. Staff said the delay was mainly caused by the commission’s switch in point-of-sale systems and staffing losses, but did not expect major ongoing reporting issues. They also noted that liquor fund variances are more likely tied to Medicaid expansion costs than to commission operations. The governor’s office was said to be working on possible budget reductions, but no January request to the fiscal committee was expected. Commissioner Lindsay Stepp of the Department of Revenue Administration then presented an overview of state revenue sources, focusing first on the meals and rentals tax. She explained that DRA administers 14 taxes that account for most state revenue, and that meals and rentals tax growth has slowed after strong post-pandemic gains. She described factors affecting the tax, including employment, inflation, fuel and food prices, wages, and weather, and noted that online platforms like Airbnb have improved compliance by collecting and remitting tax on behalf of hosts. Members asked about short-term rental compliance and how DRA identifies unlicensed rentals; Stepp said referrals, anonymous tips, and platform data help enforcement.

Transcript Highlights:

• <00:04:44.840> $4,000 that $1,000 increase is pricing $4,000 that $1,000 increase is pricing
• <00:38:06.839> a available at a new starter home price a available at a new starter home price
• In fact, our average purchase price of a home went up 60% in this past year.
• In fact, our average purchase price of a home went up 60% in this past year.
• shortage with housing and home prices shortage with housing and home prices are<00:54:39.200>

Keywords: 1183, house

Transcript Highlights:

• <00:08:53.000> is<00:08:53.160> more commission and the pricing is more commission
• The Realtors received limited interest in the parcels at the current market price.
• The listing firm is of the professional opinion that the price reduction is warranted.
• <00:25:13.279> reduction<00:25:13.840> is price reduction is price reduction is warranted
• <00:28:26.039> of six Parcels with a listing price of six Parcels with a listing price of

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met in organizational session and first elected Representative John Cluder as clerk. A nomination of Senator Mark Makoni as vice chair was made but not voted on because he was absent; it was carried over to the next meeting. The committee also reviewed its guidelines and procedures, including how it handles property-disposal requests, late items, and informational materials, and then approved the November 12, 2024 minutes with one abstention from a member who had been absent. The committee then considered several state property and lease requests. It approved a 50-year, $1-per-year ground lease for about 5.66 acres at Berlin Regional Airport in Milan for a New Hampshire Army National Guard hangar/support facility, after hearing that the project is federally funded, intended for training and search-and-rescue support, and would have no permanent full-time staffing. The committee also approved a 30-year lease for the Department of Justice to move the chief medical examiner’s offices, morgue, and autopsy suite to 279 Pleasant Street in Concord, with testimony that the current Concord Hospital space is inadequate and that the new site would double body-storage capacity. Several Department of Safety and Department of Transportation property items were approved as well. Safety received approval for a 10-year lease, with renewal options, for the State Police aircraft hangar at 91 Airport Road in Concord. Transportation was authorized to continue disposal efforts for remnant parcels in Concord, Conway, Lisbon, Effingham, and Mount Vernon, with testimony explaining market conditions, appraisals, access limits, and easements; members asked questions about access and buildability, but each item was approved. During the Berlin lease item, the committee was told the FAA objects to any lease longer than 50 years at that airport, so the request was revised from 55 years to 50 years on the record before approval.

Transcript Highlights:

• But we're seeing in the gas prices now.
• Basically, the program prices for this.
• lowering the class one wreck ACP price lowering the class one wreck ACP price down<01:24:34.160>
• and to stabilize and lower energy prices.
• fuel price increases. fuel price increases.

Keywords: 1191, senate, all

Transcript Highlights:

• The Chair calls Stephen Price. Mr. Price, always good to see you.
• Price? Stephen Price, former United States Army, I am for the bill. Thank you, sir.
• Price, thank you so much for your time.
• Chair calls Stephen Price. Mr. Price, I'm not sure if you've done testimony.
• Even Price, former Sergeant, United States Army.

Bills: HB4458, SB651, SB1227, SB1931

Keywords: veterans, service members, military transition, Texas Veterans Commission, pilot program, self-reliance, employment assistance, housing assistance, mental health services, career training, veterans service organizations, spouses and dependents, military families, Texas military forces, post-separation support, reentry services, workforce development, benefits navigation, transition assistance, SB 651

Transcript Highlights:

• bring money back due to higher fuel prices.
• The deal is that your prices on your gas vehicle are decreasing.
• So in what way would this help reduce fuel prices?
• So, in what way would this help reduce fuel prices? Well, the bill is never to reduce fuel prices.
• As prices rise, it is pulling more money out of our pockets.

Keywords: 1204, all

Summary: The meeting was an Arkansas Boy State House session that began with welcoming remarks, introductions of legislators and guests, a quorum call, prayer, and the Pledge of Allegiance. The chamber then considered several bills, with members using questions, pro and con speeches, and repeated motions for immediate consideration to end debate. The first House bill, on increasing funding for rural health care through a 10% tax on individuals earning at least $300,000, drew concerns about fairness, long-term funding, and whether it would improve quality of care; it failed 24-51. House Bill 1002, which would fund more teachers for rural schools and limit how many subjects they teach, also drew debate over funding sources and teacher burnout; it failed 38-36. House Bill 1003, creating the Arkansas Act of 26 to regulate AI data centers through local zoning and a 10% tax for conservation, passed after debate over local control, jobs, and federal versus state authority. House Bill 1004, which would reduce vehicle registration fees and shift transportation funding, failed 20-46 amid concerns about road funding and budget impacts. The chamber then moved to Senate bills. Senate Bill 1, aimed at fighting food insecurity by incentivizing healthier SNAP purchases through a Double Bucks-style program, passed 43-27. Senate Bill 2, requiring reading tests in earlier middle school grades and state tutoring for students who fail, passed overwhelmingly 67-6. Senate Bill 3, reducing the individual and corporate income tax rate from 3.7% to 3% to address cost of living and attract business, passed 53-15. Senate Bill 4, creating a mixed-use zoning grant program funded by a 1% hotel tourism tax to support affordable housing and downtown development, passed 51-7. The session ended with a motion to adjourn, which was adopted.

Transcript Highlights:

• market rather than on fixed price market rather than on fixed price contracts<04:15:56.800> are
• Like, I price goes up to 700 bucks.
• <04:51:27.520> I can get better pricing on energy. I can get better pricing on energy.
• . price. price.
• vested interest in the proxy price vested interest in the proxy price methodology<05:25:43.520><

Keywords: 1189, house, all

Transcript Highlights:

• new home price.
• prices out about 2,100 home buyers in the Twin Cities market.
• prices out about 2,100 home buyers in the Twin Cities market.
• prices out about 2,100 home buyers in the Twin Cities market.
• wanted to know what the contract price wanted to know what the contract price was<00:37:37.839><

Keywords: 1187, senate, all

Summary: The Senate Labor Committee heard Senate File 560, a bill to require the Commissioner of Labor and Industry to establish a cost-per-square-foot valuation for residential building permits. Senator Dornink said the measure is intended to make permit fees more fair, reasonable, transparent, and predictable, and to reduce housing costs by limiting large differences in permit fees between municipalities. He said the bill would be sent to the Housing Committee without recommendation, and members discussed but did not act on a related amendment that would have shifted plan review and inspection fees to hourly and trip-based charges and made fee information publicly available. Testimony from Housing First Minnesota supported the bill’s goal, arguing that Minnesota’s housing shortage and high new-home prices make it important to reduce inefficiencies in the permitting system. The witness said permit valuations are often increased by cities, leading to higher costs for homebuyers, and cited examples of large fee differences between municipalities and claims of overcollection. He said some other states, including Texas and Wisconsin communities, use square-footage-based approaches. A League of Minnesota Cities representative opposed the amendment language and cautioned that trip charges and hourly billing would make fees less certain, could raise costs, and would be especially burdensome in Greater Minnesota; he said current valuation-based fees better reflect the actual cost and complexity of service and can be appealed if disputed. A representative of the Association of Minnesota Building Officials also raised concerns about the amendment, saying building departments provide consultations, inspections, plan review, and other services beyond a single trip, and that trip charges would not fit a responsive fee-for-service model. He said the current valuation system helps cover the full range of permitting work, though he acknowledged that a consistent square-foot valuation standard could improve transparency and reduce disputes over project value. Committee members asked about other states’ approaches and the scope of the bill, and the discussion emphasized that the proposal applies to one- and two-family dwellings.

Transcript Highlights:

• I just have a question: It seems that it's focused all on price.
• But it's not just price.
• So, yeah, it's all—it's not just pricing, and though pricing is what, I guess, gets headlines there.
• The state doesn't have a lot of control over fuel prices.
• instead of facing the actual reasons why gas prices are up.

Bills: HB2014, HB2055, HB2145, HB2150, HB2696, HB2755, HB2763, HB2781, HB2782, HB2787, HB2795, HB2889, HB2975, HB2985, HB2986, HCM2009, HCR2020, HCR2038

Keywords: air emissions, fuel blends, environmental quality, feasibility study, Arizona Department of Agriculture, brackish groundwater, water supply development, desalination, Arizona Revised Statutes, water infrastructure, financial assistance, environmental reviews, fuel reformulation, gasoline standards, environmental regulations, ethanol supply, Air Quality, state land department, mineral lease, renewals

Summary: The Natural Resources Committee approved the March 17 minutes and then took up a long calendar of bills, holding HCR 2038. HB 2787, which would bar the state and its political subdivisions from using personnel or financial resources to enforce, administer, or cooperate with the Mexican wolf reintroduction program, drew opposition from Sierra Club and Humane World for Animals/Animal Defense League of Arizona, who argued it would hinder wolf recovery and undercut science-based wildlife management. The committee nevertheless gave HB 2787 a do-pass recommendation by a 4-3 vote. The committee then considered HB 2055 on a Brackish Groundwater Recovery Program Fund and HB 2782 on disclosure requirements for regulatory assets in utility rates. Testimony on HB 2055 raised concerns that brackish groundwater is still groundwater and that pumping it could cause localized impacts, but the bill initially received a do-pass recommendation before a later vote failed on reconsideration. HB 2782 prompted discussion about Corporation Commission authority and utility regulation, but it ultimately received a do-pass recommendation. The committee also heard HB 2781, a solar energy decommissioning and financial assurance bill, with testimony from environmental groups, industry representatives, and a local official; an amendment by Senator Sundareshan to strengthen financial assurance and remove the remediation fund failed, and the underlying bill also failed on a tied 4-4 vote. Later, the committee approved HB 2975, which would suspend use of solar scoring maps on state trust lands and require new mining and housing scoring maps, despite opposition from environmental groups and neutral comments from the State Land Department that the solar map is only a guidance tool. HB 2696, as amended, passed after the committee adopted amendments shifting the Arizona Commerce Authority’s fuel-price mandate and creating a fuel resiliency task force; testimony focused on fuel supply, pipeline capacity, refinery access, and whether the ACA was the right agency to lead the effort. The committee also passed HCM 2009 urging Congress to require legislative approval for new national monuments and to streamline mining and land-swap processes, and HB 2889, which funds ADEQ monitoring of uranium contamination and creates a statewide registry and tribal partnership program. Finally, the committee approved HB 2763, which would require legislative approval before the Arizona Game and Fish Commission could close a shooting range. Supporters said it was meant to protect facilities like Ben Avery and preserve safe shooting locations, while opponents argued the bill was unnecessary because existing review steps already exist and there was no imminent closure threat. The committee also heard testimony on the bill from Game and Fish, which said the measure would add another layer to an already extensive closure process and that the department was neutral on the proposal.

Transcript Highlights:

• own prices based on their product.
• Representative, we cannot set prices that would be price fixing. And to the point.
• Of the overall price of the system.
• So the price is not price fixing, but the prices.
• What is the price ceiling?

Transcript Highlights:

• Um, the prices on commodities have been low.
• So, um, yeah, prices are poor, but they've been poor.
• Um the prices They're doing quite well.
• And four years of very depressed prices.
• So, um, yeah, prices are poor, insanity.

Keywords: 1183, house

Transcript Highlights:

• difference between the contract price difference between the contract price and<00:19:15.159>
• significant uptick in commodity prices significant uptick in commodity prices um<00:31:31.600>
• correlated with power pricing the upside correlated with power pricing the upside is<00:37:33.200
• And if the contract exceeds the market price, all customers are charged for that price.
• And if the contract exceeds the market price, all customers are charged for that price.

Keywords: 1191, senate, all

Transcript Highlights:

• Every time a development hits a red light, the price goes up.
• Home prices have increased even faster.
• Home prices have increased even faster.
• Home prices have increased even faster.
• Home prices have increased even faster.

Keywords: 1187, senate, all

Transcript Highlights:

• Credit card fees make us pay higher prices.
• Well, we can't raise prices anymore.
• companies of what our prices should be.
• And now that you have soaring gas prices, high grocery prices, things like that, consumers are up in
• arms and looking for pricing relief.

Keywords: 995, all

Summary: The commission met for its second hearing to study the future of credit card payments and sales transactions and their impacts on small businesses. Members heard extensive testimony from credit unions, retailers, restaurants, and payment-industry representatives on interchange fees, processing fees, fraud, chargebacks, rewards programs, and the ability of businesses to pass fees on to customers. Several witnesses argued that swipe fees have risen sharply, are especially burdensome for restaurants and other small businesses, and are charged on taxes and tips that are merely pass-through amounts. They urged state action to prohibit fees on tax and tip portions, improve transparency, and allow surcharging or convenience fees, while opponents warned that state regulation could reduce fraud protections, increase compliance costs, and threaten consumer rewards programs. Business owners and trade groups described thin margins, rising costs, and the difficulty of understanding merchant statements or negotiating with processors. Restaurant witnesses said card-not-present and online transactions create the greatest fraud and chargeback risk, with money often removed immediately from merchants’ accounts and disputes rarely resolved in their favor. Retail witnesses gave examples of rising effective rates, higher fees on rewards cards, and the burden of processing fees on low-value transactions. A representative from the Massachusetts Restaurant Association and others said restaurants are effectively paying fees on meals tax and gratuities, which they argued should not be subject to interchange charges. On the other side, the Cooperative Credit Union Association said interchange revenue helps credit unions fund fraud prevention, rapid card replacement, and member protections, and warned that state limits on interchange could weaken those safeguards and lead to higher consumer costs or reduced services. Airlines for America testified that airline credit card rewards are popular, support travel and jobs in Massachusetts, and could be harmed by interchange reform. The National Restaurant Association and a payments-policy attorney countered that interchange fees are set by card networks rather than competitive markets, that banks remain highly profitable even with rewards, and that states can act after recent court decisions. No votes were taken; the hearing consisted of testimony and questions from commissioners.

Transcript Highlights:

• Stop trying to increase our inventory and control the price and the value.
• In real terms, housing prices were much lower than they are now.
• Today we are paying the price. All of our land, all of our homes work.
• <00:32:23.200> would a year just like today the price would a year just like today the price
• Don’t increase our price.

Keywords: 912, senate, all

Summary: The committee heard testimony on several housing-related measures, with most witnesses supporting bills aimed at expanding affordable housing tools and financing. SB 1169, creating a Community Land Trust Equity pilot program, drew support from HHFDC and Nahal UI, which said revolving funds would help community land trusts build permanently affordable housing more efficiently. SB 1200, establishing a workforce housing regulatory sandbox within HHFDC, also received support from HHFDC and others, though HHFDC noted concerns about whether the measure could be read to preempt county permitting and zoning powers. SB 511, which would require county legislative bodies rather than HHFDC to approve certain housing project exemptions, prompted HHFDC to suggest revised language and a possible processing deadline for applications; the discussion focused on avoiding indefinite delays and clarifying county and state roles. SB 1283, creating an emergency home loan assistance revolving fund, was introduced with comments from the Department of Budget and Finance and HHFDC. SB 612, on rent-to-build equity agreements for exempt housing projects, drew support and questions about how many affected projects are rentals versus for-sale units. SB 944, extending and expanding low-income housing tax credit provisions, received support from Sugar Creek Capital, Hawaii Housing, and the Chamber of Commerce, while the Tax Foundation raised a technical concern about inconsistent use of the term “taxpayer.” HPHA-supported bills SB 1413 and SB 1412 were also heard, along with SB 1632, which would direct DBEDT to develop a comprehensive action plan for a local housing market; testimony on that measure was strongly supportive but included calls to examine constitutional and legal issues and broader market-structure concerns. The committee also began discussion of SB 1033 and noted it was closely related to SB 1131, with the chair indicating an inclination to move only one of the two similar tax proposals forward.

Transcript Highlights:

• by investors who sell or rent at a much higher price point.
• We've got very high prices.
• We've got very high prices.
• In 2023, the median home price reached $3.7 million.
• Rent control is about offering price stability to renters.

Keywords: 995, all

Summary: The Joint Committee on Municipalities and Regional Government held a long public hearing focused mainly on two sets of issues: proposals to amend or repeal the MBTA Communities Act, and bills to allow local rent stabilization. Committee chairs opened by explaining the hearing would be tightly managed because of the very large number of speakers, with testimony limited to two minutes per person and written testimony still accepted by email. Members and witnesses were called in a mix of in-person and virtual order throughout the hearing. On the MBTA Communities Act, several legislators and local officials argued the law is too rigid and should be revised to account for local conditions. Speakers from small, rural, or infrastructure-limited communities such as Hanson, Halifax, Marshfield, Winthrop, Dracut, Carver, Rehoboth, and others said the law’s one-size-fits-all approach does not fit towns with limited water, sewer, transit access, or buildable land. Some filed bills would repeal the law, exempt certain communities, or create appeals processes based on infrastructure, environmental, or historical constraints. Supporters of the law’s changes emphasized local control and the need to avoid forcing development where communities believe it is impractical or inconsistent with town character. A large portion of the hearing was devoted to rent stabilization legislation, especially S. 1447 and related House bills. Supporters included legislators, city councilors, tenant advocates, labor leaders, housing nonprofits, public health organizations, and residents who described sharp rent increases, displacement, homelessness risk, and the strain on working families, seniors, students, and people with disabilities. They argued local-option rent stabilization would let municipalities cap excessive increases and prevent no-fault evictions while preserving flexibility for local conditions. Opponents, including small landlords and property owners, said rent control would discourage investment, worsen housing quality, burden responsible owners, and drive small landlords out of the market. Some witnesses also supported a Cape Cod/Island transfer fee bill and a suburban infrastructure fund, arguing those would provide local revenue for housing or roads. No votes or formal committee actions were taken during the hearing.

Transcript Highlights:

• to the price of a single home. to the price of a single home.
• those costs are putting uh, the pricing those costs are putting uh, the pricing of<00:35:23.480>
• Competition for the existing stock of starter homes is driving up home prices.
• starter homes is driving up home prices. starter homes is driving up home prices.
• <00:52:11.440> and that the intended housing prices and that the intended housing prices and

Keywords: 1183, house

Transcript Highlights:

• because people notice the price because people notice the price difference<00:18:17.039> and<
• notice the change in the tobacco prices notice the change in the tobacco prices that<00:18:35.080
• young people and the um the price young people and the um the price average<00:44:42.760> price
• <00:45:14.880> at are many ways that the tobacco price at are many ways that the tobacco price
• capture the wholesale price of those capture the wholesale price of those products<01:36:43.800>

Keywords: 928, house, all

Summary: The public hearing focused on HB 290, which would raise cigarette and e-cigarette/vaping taxes and create a committee to study tobacco and nicotine tax policy. Representative Jerry Stringham introduced the bill as both a public health and revenue measure, arguing that nicotine use causes health harms and public costs, and that New Hampshire’s cigarette tax has been unchanged at $1.78 per pack since 2013. He said the bill would raise the cigarette tax by $1 per pack to $2.78, still below most New England states, and would also adjust vaping taxes, which he described as having been set as placeholder rates in 2019. He said the bill would also establish a study committee to review broader tobacco and nicotine taxation, including products such as premium cigars. In response to questions, Stringham said the proposed cigarette tax would be roughly equal in real dollars to the 2008 rate after inflation, and he suggested that a smaller annual increase could be considered, though he believed a larger increase would have a stronger public health effect. He explained that the vaping tax structure differs between closed and open systems because one taxes a fixed hardware product while the other taxes reusable liquid, and he said the proposal would move the rates toward a more uniform approach. He also said New Hampshire would remain below neighboring states even after the increase, though members raised concerns about cross-border shopping, business impacts, and preserving the state’s competitive advantage. Several members questioned whether the bill’s main purpose was revenue or reducing smoking and vaping. Stringham said he viewed it primarily as a public health bill, but also as a revenue measure, and said he would consider it successful even if consumption fell enough to reduce revenue. Other members emphasized personal freedom and argued the committee should focus on taxation rather than cessation, while some supported the bill as a way to capture revenue from out-of-state buyers and keep New Hampshire’s rates below surrounding states. The hearing consisted of testimony and questions only; no vote or final action was taken in the excerpt provided.