Video & Transcript Research : 'deductions'

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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
MN

Minnesota 2025 1st Special 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.
  • percent of wind and hail deductible percent of wind and hail deductible typically<00:51:59.200><
  • So, the master $10,000 deductible.
  • deductibles down. deductibles down.
Keywords: 1183, house
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
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> housing<00:02:57.440> accounts<
  • ,<00:02:59.680> and<00:03:00.000> increases<00:03:00.519> the tax deductions
  • ,<00:03:05.800> repeals for the income tax deductions, repeals for the income tax deductions
  • maximum and deduction and contribution amounts<00:03:19.600> to<00:03:20.320> $20,000<
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
Summary: The Senate convened with prayer, the Pledge of Allegiance, attendance, and routine journal and guest items, then moved into the Committee of the Whole to consider bills on the calendar. The main substantive item was SB 1106, a tax conformity bill tied to federal tax changes. Senators debated it extensively, with supporters arguing it would provide tax relief, certainty for taxpayers filing returns, and pro-growth benefits for workers and businesses, while opponents said it would reduce state revenue, favor wealthier taxpayers and corporations, and should be handled in broader budget negotiations. Several senators also objected to provisions they said were added late, including child care, senior deductions, and education-related tax credit language. The bill was ultimately passed in open session by a vote of 17 ayes, 12 nays, and 1 not voting, and was transmitted to the governor. After SB 1106, the chamber adopted the Committee of the Whole report and then heard a proclamation in support of law enforcement, read by Senator Bolick and signed by Senate leadership. The proclamation cited officer safety, assaults, fatalities, and mental health concerns, and called for continued support, equipment, training, and resources for law enforcement. Senators spoke in favor of honoring police and “backing the blue.” The Senate also handled routine floor business, including a message from the House, transmission of SB 1106 to the governor, and a long list of first-reading bill introductions and committee references covering topics such as public safety, health and human services, education, finance, elections, immigration, border issues, and appropriations. The meeting concluded with committee announcements and adjournment until Tuesday, January 20, 2026.
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.
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.
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:
  • 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> they
  • child care would be able to be deducted child care would be able to be deducted under<00:09:45.800
  • making can now be applied and deducted making can now be applied and deducted to<00:21:26.960>
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.
MN
Transcript Highlights:
  • interest,<00:10:10.800> they deductibility of mortgage interest, they deductibility of mortgage
  • , 96% of people take the standard deduction.
  • about the mortgage interest deduction about the mortgage interest deduction and<00:26:01.360>
  • 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.
ND

North Dakota 2026 1st Special Session

Budget Section Leadership Division Jun 24th, 2026

Transcript Highlights:
  • The first one, the increase to the standard deduction.
  • It's not an item of federal income or deduction.
  • Those are to which the state is tied, whether it's income or deduction.
  • The standard deduction additional for seniors, a little bit of surprise there in that that federal deduction
  • And local tax deduction, a minor impact there.
Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes before hearing a series of informational updates. The Petroleum Council reported that North Dakota oil production is expected to remain relatively flat at just under 1.2 million barrels per day, with activity shifting northward in the Bakken as technology improves and three- and four-mile laterals boost well performance. The presentation also discussed oil and gas prices, gas taxation, flaring concerns, the importance of pipelines and other linear infrastructure, and enhanced oil recovery pilot projects supported by state and federal funding. Members asked questions about gas production taxes, natural gas liquids, and the outlook for drilling rigs and future production. The Office of State Tax Commissioner then reviewed the federal “big beautiful bill” and its estimated effect on North Dakota individual and business income tax collections. Staff explained that most of the individual income tax impact comes from the permanent increase in the standard deduction, while temporary provisions such as senior deductions, tip and overtime exclusions, and auto loan interest deductions have smaller or limited-term effects. They also noted that business tax changes, especially depreciation and expensing provisions, create a larger near-term cash impact, and that some FY25 collections likely reflected one-time oil field transactions that may have inflated the baseline used in earlier estimates. OMB provided updates on major capital projects and facility funding. For Capitol grounds improvements, officials described plans for 18th-floor renovations, wayfinding upgrades, public seating, lighting, tree management, and possible restroom and lobby reconfiguration, while also noting the governor’s residence security project and the discovery of human remains on the Capitol grounds. OMB and its consultants also reported on the state facility maintenance fund, including window replacement, boiler work, roof and foundation repairs, and a new facility conditions assessment covering more state buildings. Updates were also given on the new state hospital in Jamestown, the Minot state office building, and the use of federal state fiscal recovery funds, including possible future reallocations to the Department of Corrections. Finally, Legislative Council staff summarized the interim compliance report on legislative intent and trust fund activity, highlighting the status of lines of credit, Bank of North Dakota profit transfers, the statewide litigation pool, the new Office of Guardianship and Conservatorship, corrections planning, HHS program updates, and a likely future general fund request for the unemployment insurance modernization project. No formal votes were taken beyond approval of the minutes; the meeting was primarily informational, with members asking clarifying questions throughout.
MO

Missouri 2026 Regular Session

Ways and Means Jan 20th, 2026

Ways and Means

Transcript Highlights:
  • You could have gotten itemized deductions in addition to the above-the-line deduction.
  • He did change that so you only get one deduction.
  • You either take it above the line or you take it as an itemized deduction.
  • But with any tax deduction, you have to claim it. They don't have to claim it.
  • And if you don't want to take the deduction, just skip right over it.
Keywords: 959, house, all
FL

Florida 2025 Regular Session

January 14, 2025 - 01:00 PM

Transcript Highlights:
  • You have a very high deductible. You have very limits on coverage.
  • deductibles?
  • We had two of them, two deductibles, two separate, and of course the hurricane deductible was much higher
  • We had two of them, two deductibles, two separate, and of course the hurricane deductible was much higher
  • It's just a $500 deductible.
Summary: The subcommittee held its first meeting on homeowners property insurance, with members from both parties introducing themselves and repeatedly noting that insurance affordability, roof condition, claims handling, and storm recovery are top concerns for their districts. Chair Yeager said the meeting was intended as an educational discussion rather than a legislative debate, and introduced a panel that included Insurance Commissioner Mike Yaworski, consumer Chad Carr, agent Mary Catherine Lawler, insurer executive Melissa Burt DeVries, and policyholder attorney Chip Merlin. The panel and members discussed major cost drivers in Florida homeowners insurance, including inflation, home age, roof age, mitigation features, claims history, litigation costs, reinsurance, and the Florida Hurricane Catastrophe Fund. Commissioner Yaworski said underwriting has become more sophisticated and that litigation costs, reinsurance, and replacement-cost inflation all affect premiums; he also said litigation is down about 30% and average requested rate increases have fallen from about 22.1% in 2022 to 0.8% today. DeVries said age of home, replacement cost, roof age, and coverage choices can materially change premiums, and explained that reinsurance is a major expense passed through to consumers. Merlin emphasized transparency concerns, argued that insurers are increasingly individualizing risk, and said consumers often struggle with coverage limits, deductibles, and claim denials. Members asked about flood coverage, hurricane deductibles, managed repair programs, mitigation credits, new insurer capitalization, and whether savings from reforms are reaching consumers. Yaworski explained that flood is generally excluded from homeowners policies and covered separately, that hurricane deductibles are mandatory in Florida and usually around 5%, and that the office tracks savings from reforms through rate filings and insurer discussions. He said the state is updating mitigation discounts and monitoring new entrants closely for solvency and market conduct. Several members and panelists said recent reforms have helped reduce some abuses and litigation, but many consumers are still seeing higher premiums because replacement costs and reinsurance remain elevated. No votes or formal actions were taken.
WY

Wyoming 2026 Regular Session

House Education Committee, February 18, 2026

Education

Transcript Highlights:
  • <01:13:10.560> It's payroll deduction. It's convenient. It's payroll deduction.
  • <01:18:58.480> that our voluntary paycheck deductions that our voluntary paycheck deductions
  • And likewise, I would repeat the— ded um paycheck um deduction options, we ded um paycheck um deduction
  • that you use to have payroll deductions that you use to have payroll deductions made<01:32:11.199
  • <01:37:40.320> that prohibitions on payroll deduction that prohibitions on payroll deduction
Bills: SF0035, SF0090, SF0072
CO

Colorado 2026 Regular Session

Colorado House 2026 Legislative Day 108 May 2nd, 2026

Colorado House Floor Meeting

Transcript Highlights:
  • deductions here in the committee report. deductions here in the committee report.
  • Yet, what we're they can deduct it.
  • <02:53:46.960> that tax code in Colorado, deductions that tax code in Colorado, deductions
  • The section 174A deduction lets businesses deduct research and development costs.
  • This is the section 174A deduction that lets businesses deduct research and development costs.
Keywords: 981, all
Summary: The House convened with a quorum, approved the journal from April 30, 2026, and then moved through a series of announcements and introductions, including recognition of guests from Aurora Public Schools, remarks about International Workers Day and Law Day, and several social announcements about food events and a Cinco de Mayo potluck. The chamber also heard a brief recess and then proceeded to third reading business. The first major action was House Joint Resolution 10:30, sponsored by Representatives Gonzalez and Joseph, which designates a portion of Colorado Highway 14 in Weld County as Mono and Matt Road in memory of Eduardo Mono Hernandez and Matthew Garcia, two Greeley Central High School student-athletes killed in a 2014 crash. Sponsors and supporters described the resolution as a permanent tribute to the young men and to the Greeley community. The resolution passed overwhelmingly, 62-0, with three excused. The House then considered Senate Bill 143, updating the name of the Colorado Youth Advisory Council Review Committee, and Senate Bill 124, concerning information related to the automated protection order notification system. Both measures passed on third reading, each by a vote of 43-19 with three excused. The chamber also laid over Senate Bill 43 until Monday. Finally, the House took up House Bill 1421, which would prohibit certain compensation arrangements in the legal profession and create the Colorado Legal Practice Integrity and Fee Sharing Prohibition Act. Supporters argued it would prevent private equity from influencing law firms and protect client-focused legal judgment, while opponents raised concerns about separation of powers, the judiciary’s role in regulating lawyers, and possible effects on rural legal services and consolidation. One member requested and received an excusal from the vote due to a potential conflict. The debate continued as the transcript ended, with no final vote shown for the bill in the excerpt.
NH

New Hampshire 2026 Regular Session

House Ways and Means (02/18/2026)

Ways and Means

Transcript Highlights:
  • deduct deduct. >> Right, so they're going to deduct it on their, you know, on their federal income tax
  • >> a straight deduction. Mhm. >> a straight deduction. Mhm.
  • It is 100% deductible.
  • It is 100% deduct. You you Hampshire. It is 100% deduct.
  • it's a business deduction. it's a business deduction.
Keywords: 1189, house, all