Video & Transcript Research : 'revenue calculation'

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MN

Minnesota 2025-2026 Regular Session

Commerce Committee Meeting - 2025-04-02

Commerce Finance and Policy

Transcript Highlights:
  • changes around mortgage indexing, which replaces a defunct benchmark index that the department uses to calculate
  • They will be buying reputable brands offline, and all the revenue coming to small businesses will be
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 4/2/25

Commerce Finance and Policy

Transcript Highlights:
  • changes around mortgage indexing, which replaces a defunct benchmark index that the department uses to calculate
  • They will be buying reputable brands offline, and all the revenue coming to small businesses will be
  • They will be buying reputable brands offline, and all the revenue coming to small businesses will be
  • They will be buying reputable brands offline, and all the revenue coming to small businesses will be
  • They will be buying reputable brands offline, and all the revenue coming to small businesses will be
AZ

Arizona 2026 Regular Session

04/28/2026 - Joint Appropriations

Appropriations

Transcript Highlights:
  • Our state revenue cannot afford the provisions of this bill.
  • I just, on the SALT deduction, just for factual purposes, the Department of Revenue, including...
  • There is no inflated revenue projection in the budget. And with that, I vote yes.
  • So we followed what the Department of Revenue put out, an agency that Governor Hobbs manages.
  • They were hoping the revenue would be up, so they had more money to negotiate with.
WA

Washington 2025-2026 Regular Session

House Transportation Feb 19th, 2026 at 04:00 pm

Transportation

Transcript Highlights:
  • multiple agencies near EBB, and the local government fiscal note reports that there's indeterminate revenue
  • An RTA, or regional transit authority, may issue general obligation bonds and revenue bonds in order
  • the Sound Transit perspective, which is that Sound Transit bonds are backed solely by Sound Transit revenue
  • billion-dollar capital program in those peak years, you might fund half of it with Sound Transit tax revenue
  • , another portion with regular Sound Transit bonds... ...with Sound Transit tax revenue, another portion
Bills: SB6148
TX
Transcript Highlights:
  • So when we determine total revenues, the tax needed to fund that and this exemption is in place, that
  • I think, but they've been really good at working around the no new revenue rate recently.
  • Probably yes, for a certain amount of revenue, it would. But all taxpayers?
  • And finally, it's a targeted exemption approach when it comes to revenue reduction.
  • It eases the concern that the revenue will reduce significantly within a short amount of time.
TX
Transcript Highlights:
  • quote, "any law for purpose other than... service for which the taxing entity may spend property tax revenue
  • environment where some political subdivisions are using exotic financing methods to funnel M&O tax revenue
  • In other words, you can't go over three and a half percent over the known new revenue rate without having
  • With Senate Bill 2 in 2019, that allows for a three and a half percent revenue increase without voter
  • In all, the LPPF is a method by which hospitals can pull a portion of net patient revenue to create the
AL

Alabama 2026 Regular Session

Alabama Senate Banking and Insurance Committee Apr 1st, 2026

Banking and Insurance

Transcript Highlights:
  • The total purchase is calculated— All right, we have a one-bill calendar today.
  • The total purchase is calculated— The total purchase is calculated— >> I'd like to make a comment at
Bills: HB545
WY

Wyoming 2026 Regular Session

Senate Revenue Committee, February 16, 2026

Revenue

Transcript Highlights:
  • Welcome to revenue. Um, good afternoon, Chairman McKeown and committee.
  • </c> &gt;&gt; Could we get the department of revenue &gt;&gt; Could we get the department of revenue
  • If that makes any sense. policy department of revenue where this policy department of revenue where this
  • So, it's only that revenue out of that.
  • . revenue. revenue.
Bills: SF0061, SF0098, SF0110
KY
Transcript Highlights:
  • </c> being uh calculated being uh calculated &gt;&gt; is<00:27:57.919><c> do</c><00:27:58.159><c> you
  • I'm the Commissioner of the Department of Revenue.
  • </c><00:37:00.000><c> by</c> generates 39 times more revenue by generates 39 times more revenue by collecting
  • We can Revenue. Yes, you're quite right.
  • </c><01:02:15.760><c> we</c> with the department of revenue we with the department of revenue we collect
Summary: The committee met with a quorum, approved the minutes from the September 17 meeting, and heard a presentation from Kentucky Department of Education staff on SEEK school funding and KDE on-behalf payments. KDE explained recent SEEK changes, including the guaranteed base per-pupil amount, attendance-based calculations, second-month and January growth, the 2022 change funding kindergarten at 100% instead of 50%, and the existing add-ons for at-risk students, exceptional children, limited English learners, home/hospital instruction, and transportation. Staff also reviewed tier one funding, noting the 2024 increase from 15% to 17.5% and explaining that eligibility depends on local tax effort and property wealth. They also described Senate Bill 6 from the 2025 session as a reporting proposal to include on-behalf costs in education spending totals. KDE staff then outlined on-behalf payments made for districts, including roughly $458 million for Teachers Retirement System contributions, $942 million for health insurance, about $12 million for technology costs, and additional SFCC debt service outside KDE’s appropriation, for a total of about $1.5 billion. Members asked how a future Senate Bill 6 would affect local contributions and whether folding on-behalf payments into SEEK would shift costs among districts. KDE and Senator Gibbons clarified that the bill was intended only as a reporting mechanism and would not change local contribution or district payments; it would simply present a broader total of state education investment. The discussion also noted that Kentucky’s reported SEEK amount alone does not capture all state education spending. Members raised questions about home and hospital instruction data, saying local concerns suggest growth in some communities even if statewide numbers appear stable. KDE said the statewide figure has been relatively consistent but offered to provide district-level trend data. Co-Chair Petrie also asked about the accuracy of SEEK projections and on-behalf calculations, referencing prior concerns from the Office of Education Accountability. KDE responded that it works with the state budget director’s office in a consensus forecasting process and has been reviewing demographic and property-assessment data, including exceptional child counts, to improve forecast accuracy.
LA
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Feb 23rd, 2026

Revenue and Taxation

Transcript Highlights:
  • Senator Quorum, Revenue and Taxation Committee will come to order. Mr.
  • It's estimated that this will have a revenue decrease to the state general revenue fund of approximately
  • So the question has been asked to me previously: how would they calculate this?
  • This is essentially like the voucher program for child services, and that we'll be foregoing tax revenue
  • This is essentially like the voucher program for child services and that we'll be foregoing tax revenue
Summary: The Revenue and Taxation Committee considered a long series of bills, many dealing with tax credits, property taxes, and tax administration. Early action included Senate Bill 1579, which creates a taxpayer bill of rights for ad valorem tax assessments by sending taxpayers a plain-language notice of existing rights; it passed 12-0. Senate Bill 683, as amended, expanded the parental choice tax credit to cover certain supplemental educational services for private-school students, including tutoring and summer learning programs, but drew concerns about broad language and unequal treatment of public-school students; it passed 8-3 with one member not voting. Senate Bill 1389 proposed a $25 million increase in the parental choice tax credit cap; supporters said the program is nearing its limit and should grow gradually, while opponents cited lack of outcomes data and benefits flowing disproportionately to higher-income families and metro counties. It passed 10-2. The committee also advanced several tax and property-related measures. Senate Bill 1387 would allow a sales tax refund when a vehicle is sold within six months of a purchase, even without a trade-in, and passed 10-2. Senate Bill 1390 extended and removed a cap on funding for the Oklahoma Water Resources Board and related agencies, passing unanimously. Senate Bill 2063 would require the State Treasurer to publish more information about unclaimed property online; the Treasurer’s office opposed it over privacy and burden concerns, but the bill passed 7-3. Senate Bill 1829 reduced the motor vehicle excise tax on manufactured homes to align more closely with the tax burden on traditional homes, and passed 8-2. Senate Bill 1842 would let county treasurers offer a 12-month installment prepayment plan for ad valorem taxes; it passed 9-1. Several other bills were debated on policy and accountability grounds. Senate Bill 1391 would require private schools participating in the parental choice tax credit to administer state tests and report results; supporters framed it as accountability for public tax dollars, while opponents argued it would undermine private-school autonomy and school-choice goals. It failed 5-7. Senate Bill 1398 created a capped tax credit for donations to certain nonprofits serving foster care, pregnancy resource centers, therapeutic care, and anti-trafficking efforts; members asked for clearer outcome measures, but it passed 8-2. Senate Bill 1212, addressing selective property appraisals in some counties, passed 9-1. Senate Bill 2158 would extend favorable tax treatment to health care sharing ministry contributions, and passed 8-2. Senate Bill 102 clarified when remote workers and certain short-term workers owe Oklahoma income tax, with discussion focused on athletes, entertainers, public figures, and contract workers; it passed 10-0. Finally, Senate Bill 2060, a governor-requested housing infrastructure bill creating master development districts, was still being refined but passed 6-4 to keep it moving forward.
LA

Louisiana 2026 Regular Session

Appropriations Apr 22nd, 2026

Appropriations

Transcript Highlights:
  • So the recurring revenue would go toward paying or reducing our personal income tax.
  • So it's all self-generated revenue. That's right. I like that. Representative LaFleur.
  • So I think it's $2 every time you renew, which you renew every four years, I think it was calculated.
  • But the idea is that if we don't have a recurring revenue, hopefully we can get grants and then maybe
  • look at another way to find recurring revenue as we go forward to make sure that the Law Enforcement
WA

Washington 2025-2026 Regular Session

House Finance Jan 20th, 2026 at 08:00 am

Finance

Transcript Highlights:
  • There is no state revenue impact.
  • There is no direct impact on state revenues. However, the Department of Revenue would retain 1%...
  • We appreciate the approach this bill takes to address local revenue challenges, both providing new revenue
  • The flood control zone district revenue, so currently those revenues can only be used on construction
  • The flood control zone district revenue, so currently those revenues can only be used on construction
Summary: House Finance heard briefings and testimony on several bills. HB 2559 would let cities and counties impose an additional 4% excise tax on lodging and short-term rentals starting in 2027, with revenues dedicated to affordable housing programs; staff explained the existing lodging-tax structure and caps, and the prime sponsor said the bill is a local option aimed at addressing housing loss from short-term rentals. HB 2133 would make permanent the property tax exemption for multipurpose nonprofit senior citizen centers; staff described the current exemption and fiscal note, and the sponsor and one supporter said it helps keep senior centers open, while a question was raised about whether other nonprofit community centers could qualify. HB 2135 would increase and extend the disabled veterans adaptive housing sales-tax remittance, raising the lifetime cap from $2,500 to $5,000, increasing the statewide cap, extending the expiration to 2038, and adding JLARC review; the sponsor and a veterans coalition testified in support, saying it helps federal grant dollars go further for accessible housing. The committee then heard HB 2442, an eight-part local government revenue and flexibility bill. Staff said it would expand or authorize several local tax tools and uses, including broader use of real estate excise tax revenues, a new voter-approved affordable-housing REET option for cities, a county public utility tax, a new local sales tax for children and family services, broader uses for housing and related services taxes, changes to county mental health and veterans levies, longer levy lid-lift periods, and expanded uses for rental car tax revenue. The sponsor argued the bill gives local governments needed flexibility without creating a new statewide tax, while supporters from counties, cities, housing groups, and some service providers said local governments need more tools to address housing, behavioral health, children’s services, and infrastructure. Opponents from utilities, realtors, water and sewer districts, wireless carriers, auto dealers, and tax groups argued the new or expanded taxes would be regressive, raise housing and utility costs, or lack a sufficient nexus to the stated uses. No votes were taken in the portion provided. After that, the committee returned to HB 2559 for public testimony. Supporters, including county and city representatives and housing advocates, said short-term rentals reduce long-term housing supply and that the bill would give local communities a targeted tool to fund affordable housing. Opponents, including short-term rental owners and managers, said the bill would hurt small operators, reduce supplemental retirement income, and could be better addressed through broader lodging taxes rather than singling out short-term rentals. The hearing also included questions about the bill’s tax structure and how revenues would be used, but no action was taken in the excerpt.