Video & Transcript Research : 'deductible'

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TX
Transcript Highlights:
  • The amount stays the same, and our dues will still be deducted on payday.
  • We should have never been involved in the deduction of these types of dues.
  • Payroll deduction came about in the 1970s.
  • Payroll deduction offers the safest possible means for maintaining association membership.
  • Where they can, in fact, do payroll deduction to make it very easy and very simple.
TX

Texas 89th 2nd C.S.

Pensions, Investments & Financial Services Apr 28th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • So there's no copays, there's no deductibles or anything else like that.
  • I mean, so we have no in-network deductible.
  • We do have an out of network deductible, which is currently the only place these would exist.
  • Uh, we have, if on the high deductible plan, uh, then the deductible is larger, so it would go towards
  • the deductible, but wouldn't fully meet it.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 28th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • able to be counted towards their deductible.
  • This bill is saying that these have to apply to the deductible.
  • We have no in-network deductible; we do have an out-of-network deductible, which is currently the only
  • Then that would meet the deductible.
  • We have, if on the high deductible plan. than the deductibles are larger, so would go towards the deductible
NM

New Mexico 2026 Regular Session

House - Taxation and Revenue Feb 18th, 2026 at 08:43 am

House Taxation & Revenue

Transcript Highlights:
  • , the Local Journalist Employment Tax Credit; and then Senate Bill 133, the Health Equipment GRT Deduction
  • We also have the new gross receipts tax deduction for receipts on the sale of construction material and
  • One of the other things that we have is creating a new gross receipts tax deduction for receipts on the
  • NTTC documentation of how that deduction is moving through.
  • We're basically taking away, Madam Chair, even the deduction of interest.
Bills: SB240
MN

Minnesota 2025-2026 Regular Session

Task Force on Homeowners and Commercial Property Insurance 12/3/25

Minnesota House Floor Meeting

Transcript Highlights:
  • Retention is like a deductible.
  • Retention is like a deductible.
  • </c> percent of wind and hail deductible percent of wind and hail deductible typically<00:51:59.200><
  • So, the master $10,000 deductible.
  • </c> deductibles down. deductibles down.
Keywords: 1183, house
AZ
Transcript Highlights:
  • It would also remove that SALT deduction increase, the state and local tax deduction that was increasing
  • They would also be removing that deduction related to new car auto loan interest.
  • You don’t get a tax deduction, and then it grows tax-free.
  • Then anything left over in terms of your daycare expenses, you could deduct from your state taxes.
  • Then anything left over in terms of your daycare expenses, you could deduct from your state taxes.
Keywords: 1182, all
HI

Hawaii 2026 Regular Session

Room 224 Conference AM - 04-30-2026

Hawaii Senate Floor Meeting

Transcript Highlights:
  • for contributions to individual housing accounts for income tax deductions, and increases the maximum
  • to deduction for contributions to individual<00:02:57.160><c> housing</c><00:02:57.440><c> accounts<
  • ,</c><00:02:59.680><c> and</c><00:03:00.000><c> increases</c><00:03:00.519><c> the</c> tax deductions
  • ,</c><00:03:05.800><c> repeals</c> for the income tax deductions, repeals for the income tax deductions
  • maximum and deduction and contribution amounts<00:03:19.600><c> to</c><00:03:20.320><c> $20,000</c><
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Feb 19th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • Clearly, SB155 is a bill that expands deductions.
  • The State Controller has discretion as to what deductions are withheld.
  • This bill is also post-tax as it relates to the... ...is a post-tax deduction as it relates to the deduction
  • Yes, or membership deduction dues. Yes, or membership deduction dues. Yes, or membership deduction.
  • It would be a deduction for the dues. Right, I'm sorry, come again?
AZ

Arizona 2026 Regular Session

01/15/2026 - Senate Floor Session

Arizona Senate Floor Meeting

Transcript Highlights:
  • The child care deduction has a large price tag.
  • The senior deduction was simple with HR1.
  • Now, in this Mesnard mess... ...to deduct $6,000 from your income.
  • Let's keep $10,000 cap on that deduction for the wealthiest few.
  • Again, child care deduction was attacked.
Keywords: 1182, all
LA

Louisiana 2026 Regular Session

Labor and Industrial Relations May 20th, 2026

Labor & Industrial Relations

Transcript Highlights:
  • I mean, the way they do it electronically, it's just they deduct it from your check.
  • it deducted out of the nearest possible time.
  • I have a right to stop deducting. Absolutely.
  • Shouldn't be able to deduct the fees without a valid authorization. Absolutely.
  • And again, it's difficult to speak to like, are getting the deduction.
Keywords: 965, house, all
Summary: The House Committee on Labor and Industrial Relations met for its final meeting of the 2026 session and took up SB 312 by Senator Talbot, a bill concerning labor organizations, employee dues and fees, withdrawal from unions, annual notice requirements, and related reporting and notification provisions. The committee first adopted a technical amendment set, then debated a larger amendment set that shifted the cease-withholding request to the employer, required electronic confirmation, placed certain administrative costs on the labor organization, and added language about employer notification and authorization procedures. Members discussed whether the bill was needed, whether employees already have the ability to opt out, and whether the amendments would create confusion or unnecessary bureaucracy. Supporters said the bill protects employee choice and ensures dues stoppage happens at the nearest payroll period; opponents argued the added language was unclear and burdensome. The committee also adopted a separate technical amendment adding mass transit employees to the list of exemptions. Testimony came from the bill author and several stakeholders. Senator Talbot said the bill is meant to ensure workers know they do not have to join a union, can revoke dues authorizations, and can stop deductions without waiting for a fixed annual window. Representative Eccles defended the amendments as employee protections and a way to shift administrative costs away from taxpayers. Jim Patterson of LABI supported the amendments, saying they protect public employers and taxpayers from administrative costs. After the amendments were adopted on a roll call vote, union representatives Matt Wood of the Louisiana AFL-CIO, Peter Robbins-Brown of the AFL-CIO, and Larry Carter of the Louisiana Federation of Teachers and School Employees testified in opposition to the amended bill, saying they had worked in good faith on a simpler opt-in/opt-out framework and objected to the new cost and bureaucracy provisions. Several members also spoke in favor of the bill as a matter of freedom of choice and employee control over paycheck deductions. At the end of debate, Representative Wilder moved to report SB 312 with amendments. The motion passed on a roll call vote, and the bill was reported from committee with amendments. The committee then adjourned.
MN

Minnesota 2025-2026 Regular Session

Tax Expenditure Review Commission 7/15/26

Minnesota House Floor Meeting

Transcript Highlights:
  • </c> home mortgage interest tax deduction home mortgage interest tax deduction expenditure.<00:03:04.720
  • This is a deduction from the deduction.
  • </c> The home mortgage interest tax deduction The home mortgage interest tax deduction has<00:12:51.680
  • </c><00:15:09.040><c> are</c> objectives of this tax deduction are objectives of this tax deduction are
  • </c> home mortgage interest deduction home mortgage interest deduction expenditure<00:27:07.120><c> uh
Keywords: 1183, house
CA

California 2025-2026 Regular Session

Assembly Revenue and Taxation Committee Apr 6th, 2026

Revenue and Taxation

Transcript Highlights:
  • Some of these expenses can be deducted today, but that does not go very far when the costs keep coming
  • These deductions...
  • These deductions are available even if a taxpayer takes the standard deduction, ensuring accessibility
  • Thank you very much. to deduct qualified tips and overtime compensation from state income tax.
  • These deductions are available even if a taxpayer takes the standard deduction, ensuring accessibility
Keywords: 988, house, all
CA
Transcript Highlights:
  • This bill corrects that by allowing a deduction for a qualified employer-provided fitness benefit.
  • Do you intend to limit the deduction amounts to $600 to make it match the unemployment insurance tax
  • These deductions are available even if a taxpayer takes the standard deduction, ensuring accessibility
  • These deducts to deduct qualified tips and overtime compensation from state income tax.
  • These deductions are available even if a taxpayer takes the standard deduction, ensuring accessibility
Summary: The Assembly Committee on Revenue and Taxation met as a subcommittee and announced that all bills on the agenda had revenue impacts placing them on the suspense file, so none were eligible for immediate vote. The chair also reviewed procedural rules, including the deadline for position letters and the suspense-file threshold, and later established a quorum before proceeding through the agenda. Most measures were presented, heard, and then referred to suspense without committee votes. Several bills focused on tax credits or exclusions tied to housing and property. AB 1606 proposed a five-year tax credit for small businesses facing cleanup costs from illegal dumping and encampments; AB 1971 would clarify that home-hardening retrofits are not assessable for property tax purposes; AB 2394 would create a capital gains exclusion to encourage long-term homeowners to sell and downsize; AB 1714 would offer a credit for sellers who complete required repairs for CalHFA-assisted first-time buyers; and AB 2389 would extend the property tax exclusion for newly installed solar systems. Supporters generally framed these bills as targeted relief or affordability measures, while opponents raised concerns about revenue loss, policy effectiveness, or implementation. The committee also heard a series of agriculture-related bills. AB 2427 proposed a tax credit for qualified agricultural producers to offset labor, equipment, infrastructure, and production costs, and AB 2192 would extend the state’s farm equipment sales tax exemption to local sales taxes with a General Fund backfill for local governments. Supporters argued both measures would help preserve California agriculture, jobs, and food security amid rising costs and regulatory burdens; opponents questioned the need for the subsidies and the size of the fiscal impact. Both bills were referred to suspense. Other measures included AB 1611, which would end a tax break on capital gains from single-family home sales for large corporate investors to discourage investor competition with homebuyers; AB 2522, which would exempt over-the-counter medications from sales tax; AB 2444, which would add a state deduction for ScholarShare 529 contributions and align California law with federal Roth IRA rollover rules; and AB 1550, which would allow deductions for tips and overtime. Each drew support from sponsors and allied groups, while tax reform and local government representatives opposed several bills over revenue and policy concerns. All of these measures were also sent to the suspense file, and the committee adjourned after completing its agenda.
WA

Washington 2025-2026 Regular Session

House Finance Feb 27th, 2026

Transcript Highlights:
  • It provides a deduction from a taxpayer's Washington-based income for the proceeds of the sale of the
  • One of the things this bill does have built in is a $1 million standard deduction.
  • This is a tax on the income derived, and that income has a standard deduction of $1 million.
  • The amount of the standard deduction is $7,500 per person.
  • You've had to itemize every deduction.
Summary: House Finance met in executive session on Gross Substitute Senate Bill 6346, the proposed “millionaires’ income tax” package. Staff reviewed the bill and a long list of amendments affecting the new income tax, related business tax changes, and several exemptions and implementation provisions. The committee adopted amendments to exempt diapers from sales tax, allow certain tribal income treatment clarifications, create an advisory group to help implement the tax, move up the repeal date for some business tax changes, and require the measure to go to the voters; several other amendments on federal conformity, agricultural income, pass-through entities, and the marriage threshold were rejected or withdrawn. The committee then adopted the striking amendment as amended and advanced the bill on a 9-6 do pass vote, with supporters arguing it would fund education, health care, child care, and tax relief, and opponents warning about competitiveness, capital flight, and the state’s spending growth. The committee then held a public hearing on Senate Bill 6097, which would add federally recognized Indian tribes as eligible entities for county Conservation Futures Program funding. Staff said the bill would not change the tax levy structure and would have no state revenue impact, while tribal witnesses said it would improve voluntary conservation partnerships for habitat, farmland, and open space. Members asked about the bill’s scope, and staff confirmed it applies only to federally recognized tribes. House Finance also heard Senate Bill 6162, a property tax reform measure that would consolidate the state school levy, expand senior and disability property tax exemptions, raise income thresholds, and simplify the application process with a standard deduction. The prime sponsor and county assessors supported the bill as a way to help seniors, disabled persons, and disabled veterans stay in their homes and reduce administrative burden, while several testifiers opposed it as a tax shift that would raise costs for others and potentially strain local revenues. Finally, the committee heard Senate Bill 6113, an administrative and technical tax cleanup bill related to last year’s tax changes; the Department of Revenue supported it and noted a possible clarifying amendment, while nonprofits, schools, libraries, health care groups, workforce training providers, and trade associations asked for additional exemptions for live presentations and related educational activities. The chair announced that Senate Bill 6097 would be added to Monday’s executive session, Senate Bill 6114 was removed, and amendments for Monday’s bills were due by 5 p.m. that day.
NM

New Mexico 2026 Regular Session

House - Government, Elections And Indian Affairs Jan 28th, 2026 at 08:36 am

House Government, Elections & Indian Affairs

Transcript Highlights:
  • current federal standard deduction.
  • deduction, which is currently $31,500.
  • My bill would increase the deduction to $64,575.
  • deduction, which is currently $31,500.
  • My bill would increase the deduction to $64,575.
Bills: HB70, HB93, HB95, HB139, HB140, HJR4
ND

North Dakota 2025-2026 Regular Session

House Appropriations Apr 15th, 2025 at 08:30 am

Appropriations

Transcript Highlights:
  • Okay, we do have the higher deductible plan... If you want that.
  • Okay, we do have the higher deductible plan that you can choose to take.
  • month with a $500 deductible.
  • We had a deductible. public sector, you know, 475 employees self-insured, we had a deductible, but I
  • And so, and most of the private parts are 10,000 deductibles.
Keywords: 908, all
Summary: The committee met to consider four policy bills and discussed a possible later return to handle DOCR amendments and budget work. They first took up HB 1327, funding for the Agricultural Diversification and Development Fund, and adopted an amendment striking language that would have capped up to $10 million for agricultural infrastructure grants to political subdivisions. The bill was then passed as amended on a 22-0 vote, with Rep. Belts assigned as carrier. Next, the committee considered SB 2256, the Research Technology Park grant. Rep. Stemen offered an amendment reducing the appropriation amounts from the original figures to $10 million and $5 million levels, citing available funding; the amendment passed 19-3. The bill then passed as amended 22-0, and Rep. Stemen agreed to carry it. The committee then debated SB 2093, which combined a retired peace officers/surviving spouses benefit with an added income tax reduction. Rep. Munson moved to remove the income tax portion, and the committee agreed 17-4. The remaining peace officer benefit portion was then passed as amended 21-0, with Rep. Kempenich carrying it. Finally, the committee considered HB 2160, changing the state health plan from grandfathered to non-grandfathered status. Members discussed cost shifting, employee retention, out-of-pocket exposure, and the updated fiscal note; the committee adopted an amendment updating the appropriation figures to match the current PERS/Deloitte analysis, then passed the bill as amended 15-7-1, with Rep. Worry originally the carrier.
FL

Florida 2026 5th Special Session

Finance and Tax Feb 25th, 2026

Transcript Highlights:
  • for business interest expenses, and increasing the amount of business meals eligible for deduction.
  • For the deduction allowed on research and experimental expenses, the changes made to the deduction for
  • would add back the amount deducted at the federal level and deduct the amount that would have been deducted
  • For the deduction allowed on research and experimental expenses, the changes made to the deduction for
  • would add back the amount deducted at the federal level and deduct the amount that would have been deducted
Summary: The Finance and Tax Committee met with a quorum present and took up two bills. The first, SPB 7046, was the Senate tax package. It included changes to Live Local property tax opt-outs, charter school distributions from voter-approved property tax levies, RV park special assessments, fiscally constrained county funding, a permanent sales tax exemption for small propane tanks, a hunting/fishing/camping sales tax holiday, and provisions barring governmental net zero policies. An amendment made the charter-school distribution change prospective starting July 1, 2026. Committee discussion focused heavily on whether the charter-school language would divert money from traditional public schools and on the fiscal-constrained county formula. The bill was reported favorably as a committee bill after a roll call vote, with Senators Bernard and Jones voting no. The committee also considered SPB 7048, which updates Florida’s conformity to the Internal Revenue Code as of January 1, 2026 and partially decouples from federal tax changes in the One Big Beautiful Bill Act. The bill addresses bonus depreciation, research and experimental expenses, business meal deductions, and the business interest deduction, with the Revenue Estimating Conference expected to review the fiscal impact later in the week. The Florida Chamber testified that the bill should better align with federal tax relief and reduce administrative burdens, while senators emphasized the need to balance business tax relief with state revenue constraints. SPB 7048 was also reported favorably as a committee bill by roll call vote.
MN
Transcript Highlights:
  • actually takes off the limits as far as the limits that are in place right now, so they can just deduct
  • actually takes off the limits as far as the limits that are in place right now, so they can just deduct
  • that um from their taxable income deduct that um from their taxable income when<00:09:18.120><c> they
  • </c> child care would be able to be deducted child care would be able to be deducted under<00:09:45.800
  • </c> making can now be applied and deducted making can now be applied and deducted to<00:21:26.960><c
Keywords: 919, house, all
Summary: The committee heard presentation on HF 495, a bill intended to help families with rising child care costs by allowing a subtraction from taxable income for licensed child care expenses. The author said the measure would provide immediate relief to families while broader child care supply and affordability problems are addressed, citing a revenue analysis estimating about 81,700 returns affected and an average tax decrease of $639. The bill was described as applying only to licensed child care centers, family child care, or group family child care under chapter 142B. A virtual testifier, Annel Velasco of St. Paul, opposed the bill. She said child care is indeed expensive but argued the proposal is only a small patch that does not address structural problems such as provider closures, low teacher pay, and lack of available slots. She also said the subtraction would disproportionately benefit higher-income families and would not help providers or teachers. Members debated whether the bill should be more targeted. Representative Smith and Representative Lee argued the proposal is uncapped, expensive, and structured as a subtraction rather than a refundable credit, meaning it would mainly help higher-income households and could divert resources from other credits such as the working family tax credit or child tax credit. Representative Swedzinski supported the bill as allowing families to keep their own money and said child care costs are high across income levels. Chair Gomez and others emphasized that the child care system has broader structural failures, including low pay and lack of slots, and said this bill would address only one part of the problem. No vote or final action was taken in the portion provided.
AL

Alabama 2025 Regular Session

Alabama House Mar 18th, 2025

Alabama House Floor Meeting

Transcript Highlights:
  • optional a standard deduction, right? optional a standard deduction, right?
  • So, they can deduct $2,500. What's the So, they can deduct $2,500.
  • Um there's What about tax deduction. Um there's What about tax deduction.
  • So, we're claim the deduction. So, we're claim the deduction.
  • So when I'm talking about the deduction that you're the deduction that you're the deduction that you're
Keywords: 1136, house, all
MN
Transcript Highlights:
  • interest,</c><00:10:10.800><c> they</c> deductibility of mortgage interest, they deductibility of mortgage
  • , 96% of people take the standard deduction.
  • </c> about the mortgage interest deduction about the mortgage interest deduction and<00:26:01.360><c>
  • It people take the standard deduction.
  • And so we have to ask deductions.
Keywords: 919, house, all
Summary: The committee heard House File 2499, authored by Representative Lee, which would expand Minnesota’s renters’ credit to more closely match the homestead credit for homeowners. Lee explained that the bill would raise the income cutoff from about $75,389 to $143,140 and increase the maximum credit to $3,500, with the goal of addressing what she described as an inequity between renters and homeowners who both pay property taxes. She cited revenue estimates showing the change could make about 80,000 additional renters eligible, while acknowledging the bill would be costly to enact this year. Nan Madden of the Minnesota Budget Project testified in support, describing how the renters’ credit works, including the assumption that 17% of rent goes toward property taxes. She highlighted 2022 data showing most recipients had low incomes, many were seniors or people with disabilities, and participation was higher in greater Minnesota in some respects. Michael Dah of Homeline also supported the bill, saying renters face rising housing costs and use the credit for basic needs such as groceries, school supplies, medical care, and car repairs. Members discussed whether expanding the credit would simply benefit landlords or encourage rent increases. Representative Anderson opposed the bill on the grounds that policy should incentivize homeownership, while Representative Huitt argued the credit could help renters build savings and move toward homeownership if they choose. Representative Lee responded that the housing market is broken and that the credit is one tool to help renters in a broader housing continuum. The discussion also covered outreach and administration of the credit, including the recent move to file it with income taxes, electronic certificates of rent paid, and funding for tax-preparation assistance and outreach through VITA sites and community organizations. The bill was laid over for possible inclusion in the omnibus tax bill.