Transcript Highlights:

• So does that, the vehicle sales tax, does that... side.
• We have a lot of districts and boards that, through property taxes, are just sitting on surplus money
• This is really just dealing with the South of Fuchs Levee District.
• This is really just dealing with South of Fuchs-Levy district.
• And let me just add, the people of Terrebonne Parish tax themselves three-quarters of a sales tax on

Summary: The committee met for an informational hearing focused largely on the state capital outlay process and House Bill 2. Roger Husser and Matt Baker of the Division of Administration/Facility Planning and Control described how the office prepares and administers the capital outlay bill, said the bill has grown substantially over five years, and argued that recent changes in culture, staffing, project management, cash-flow analysis, and use of third-party support have more than doubled project expenditures and improved delivery. Members asked about the use and cost of third-party project managers, delegation of smaller projects to agencies, hiring difficulties, and whether the changes represented better interpretation of existing law versus statutory changes. Husser said some statutes were amended, some internal customs were removed, and the office would provide a list of those changes. He also explained that the office is trying to move away from overly rigid practices and toward faster project completion while still following public-bid and oversight rules. A major portion of the discussion centered on the size and structure of the capital outlay bill, especially the gap between Priority 1 cash capacity and the much larger Priority 5 backlog. Husser said the current annual Priority 1 limit is tied to construction inflation and is about $574 million, with additional surplus funds also available, but that the bill contains far more Priority 5 funding than can realistically move in a five-year plan. He and members discussed dormant projects, scope creep, legacy projects that have sat in the bill for years, and the problem of false expectations for non-state entities. Proposed solutions included limiting Priority 5 to five times Priority 1, requiring annual re-endorsement by members, setting district or project caps for non-state projects, requiring time limits and reporting for grant-like non-state projects, placing matches in escrow, requiring design readiness before submission, and consolidating the many existing reporting requirements into one clearer report. Members also discussed bundling multiple projects under one agency project, which the House had begun piloting for LSU, UL Lafayette, Southern, and DOTD, and which Husser said could improve flexibility, reduce overappropriation, and better reflect actual spending. Baker then explained cash-flow management and the commitment process, saying FPC now analyzes projects annually to estimate what can actually be spent in the next fiscal year and uses commitments to allow projects to proceed when future-year funding is expected. He said overappropriations can result from poor cash-flow estimates, delays, dormant projects, or projects coming in under budget, and that the office is already reworking cash-flow assumptions and reappropriating savings where possible. Members also raised concerns about change orders and low bids; staff said project managers review change orders closely, require concurrence on non-state projects, and sometimes reduce scope to keep projects within budget. After FPC’s presentation, the committee heard the beginning of Louisiana Economic Development’s capital outlay discussion, where LED explained that its projects generally fall into three categories, including the Economic Development Awards Program and Site Readiness Program, both used to support targeted economic development and job creation.

Transcript Highlights:

• If these tax cuts expire, our employees will face a direct pay cut through higher tax taxes, making it
• It's about avoiding tax cuts. tax hike.
• On average, a business affected by the change could see a threefold increase in its incremental tax burden
• District of Central and Eastern Montana, in particular the estate tax provisions.
• my district.

Committee: Senate Small Business and Entrepreneurship Committee

Keywords: joint hearing, small business, Tax Cuts and Jobs Act, economic recovery, tax relief, job creation

Summary: In this joint hearing of the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship, the primary focus was on the importance of making the Tax Cuts and Jobs Act of 2017 (TCJA) permanent. The chair emphasized that small businesses are crucial for the nation's economic recovery, especially in the wake of current federal policies perceived as detrimental. Witnesses shared their experiences and highlighted how the tax cuts facilitated job creation and business expansion, stressing the need for continued support through ongoing tax relief measures. The meeting included discussions about the economic implications of the TCJA's potential expiration, with members voicing their concerns regarding how this could impact small businesses and the broader economy.

Transcript Highlights:

• And also, anywhere depending on your district between 15... ...depending on your district, between 15
• So, this is a tax exemption on... ...a tax exemption on this entity. Correct.
• If y'all remember, we did a business personal property tax exemption at 40,000.
• It does have an excise tax or sin tax that's been worked out with the Department of Revenue.
• They should be taxed and defined as cigarettes in Alabama law.

Bills: SB282 , SB300 , HB72 , HB396 , SB282 , SB300 , HB72 , HB396

Committee: Senate Finance and Taxation General Fund

Keywords: virtual currency, cryptocurrency, tax exemption, state tax law, digital assets, ad valorem tax, tangible personal property, business incentives, economic impact, firefighter, license plate, fees, funds distribution, support programs, memorial, disabled veterans, property tax exemption, debt-to-income ratio, homestead, veterans affairs

Transcript Highlights:

• There's a lot of work, so that tax base escapes New Mexico's boundary.
• receipts tax.
• However, it's hard to increase property tax.
• Gross receipts tax is the only option, and depending on their increments, they have to maintain their
• This is related to income tax to remove the limit on the amount of income tax exemption of the uniform

Committee: House Investments & Pensions Oversight Committee

Transcript Highlights:

• taxes, to be able to help fund growth.
• I hear a lot of conversations about public infrastructure districts.
• increment to help reinvest back into those communities.
• So as we look at what tax differential looks like statewide, All right, so as we look at what tax differential
• looks like statewide, we realize that in some areas we're going to be creating more tax increment than

Committee: Joint Economic Development and Workforce Services Interim Committee

Transcript Highlights:

• In the district, Matt Koufax, WTOP News.
• Keyes, who has decades of experience in the tax policy world. Mr.
• Keyes spoke about the importance of permanently extending and building on the. the Tax Cuts and Jobs
• and businesses, as well as provide additional middle-class tax relief.
• Keyes, meanwhile, is fully committed to extending the Republicans' 2017 tax cut for billionaires and.

Committee: Senate Finance Committee

Keywords: nominations, William Kimmett, Kenneth Keyes, Commerce Department, Tax Policy, economic agenda, trade, tax cuts, public testimony

Summary: This meeting of the committee was centered around the consideration of nominations for two key positions: William Kimmett as Undersecretary of Commerce for International Trade and Kenneth Keyes as Assistant Secretary for Tax Policy at the Treasury Department. Members were given the opportunity to provide remarks on the nominees, with discussions revealing contrasting views on their potential impact on U.S. economic policy. While some members expressed support for the nominees, highlighting their qualifications and expertise, others voiced strong opposition, arguing that their confirmation would further a harmful economic agenda that favors billionaires over average Americans. Senator Wyden, the ranking member, emphasized concerns about trade chaos and the detrimental effects on workers and businesses across the country.

Transcript Highlights:

• It's tax day, so what better day to talk about a tax incentive with you guys?
• As members of a tax and finance committee, I know you're concerned about the fiscal impact of any tax
• Tax revenue.
• On tax day, I really would urge you to look at this not as a tax expenditure...
• On tax day, I really would urge you to look at this not as a tax expenditure, but as a strategic investment

Committee: House Finance and Taxation

Summary: The Finance and Tax Committee met to consider Senate Bill 2397 and a proposed amendment creating a development incentive well program for North Dakota oil and gas production. Representative Dockter explained the amendment as a way to encourage exploratory and innovative drilling in light of the state’s financial outlook and the growing share of stripper wells. Department of Mineral Resources Director Nathan Anderson and DMR geologist Timothy Nashim presented background on the Bakken and Three Forks formations, with Nashim describing research showing that Middle Three Forks second-bench development can add reserves in some areas but not others, and that roughly 600 additional wells in the strongest area could yield about 250 million barrels of oil. Continental Resources representatives William Houser and John Argo supported the amendment. They said the bill would give a temporary oil extraction tax exemption for certified development incentive wells, limited to 36 months or 300,000 barrels, and would also update tax treatment for gas used in enhanced oil recovery and on-site electric generation. They argued the measure would encourage new technology and testing in existing spacing units, complementing House Bill 1483, which they said focused on geographic expansion into non-Bakken and non-Three Forks areas. Argo said Continental still invests heavily in North Dakota but is shifting rigs elsewhere because of economics, and he urged incentives to spur exploration and preserve the basin’s long-term future. North Dakota Petroleum Council executive director Ron Ness also supported the concept, calling it a targeted, low-risk way to encourage innovation and future barrels. Committee members asked about royalty treatment, the difference from House Bill 1483, pressure maintenance, and how the program would be administered. DMR said the amendment should clarify that the operator bears the burden of proving a well qualifies and that only one incentive well per stratigraphic interval should be certified. No vote was taken; the committee paused to work on revised language and indicated the bill would likely need further adjustment, possibly in conference committee.

Transcript Highlights:

• The welfare property tax exemption.
• Which, of course, goes back to tax increment potentially and the future of saying yes to new housing
• because it needs more incremental taxes.
• So then you have the virtuous cycle set up to receive additional tax, you know, increased tax, incremental
• taxes to reinvest.

Summary: The committee heard testimony on several housing-related proposals and policy ideas. One speaker urged changes to the welfare property tax exemption for affordable housing, arguing that annual income recertifications are outdated and burdensome, and proposing a one-time qualification at move-in, streamlined monitoring through TCAC or HCD, and continued exemption protection for projects that remain in compliance. The witness said rising insurance costs and administrative burdens are hurting cash flow and threatening the viability of affordable housing operations. A major portion of the meeting focused on social housing and the SB 555 study. HCD described its ongoing study process, including public engagement with residents, practitioners, and experts, and noted that California already has many building blocks for social housing, such as public land tools, long-term affordability mechanisms, community land trusts, and tenant protections. Community land trust and housing policy witnesses argued that social housing will require legislative action, expanded public subsidy, tax abatements, public land, and simplified financing, and they emphasized the need to reframe the concept for the “missing middle” and middle-class households to build broader political support. Committee members discussed stigma around “social housing,” the need for a rebrand, and the possibility of a pilot program, especially on excess public land. The committee also heard a proposal for a certified professional plan-check system modeled on Vancouver, Canada. The presenter said California’s permitting delays, inconsistent reviews, and staffing shortages add cost and uncertainty even for streamlined projects, and proposed allowing state-certified private professionals to perform plan checks and inspections under state oversight while local governments retain zoning and enforcement authority. Members discussed local control concerns, infrastructure costs, and the need to reduce delays and uncertainty in the entitlement process. Finally, the committee heard testimony supporting changes to HCD loan disbursement so funds can be used during construction rather than only after completion. Witnesses said this would reduce interest costs, improve feasibility, and could produce additional affordable homes with existing funding. The discussion also referenced AB 1053 as the vehicle for implementing that approach.

Transcript Highlights:

• The bill exempts the new sales tax exemption from the automatic 10-year expiration for tax preferences
• As a reminder for the committee, a tax remittance is a form of tax exemption that occurs when a taxpayer
• Scott's district, but just outside of my district, so owns a lot of property, or Mount Zion Baptist
• As the legislature considers the Working Families Tax Credit as a tool to both make our tax code more
• We weren't just focused on the state's tax credit, but also on the federal tax credit.

Bills: HB1717 , HB1859

Committee: House Finance

Keywords: affordable housing, sales tax, housing programs, tax incentives, economic development, religious organizations, development, housing opportunities, land use

Transcript Highlights:

• District.
• It's funded by a hospital tax.
• We have created a state fair district with kind of like a TID district.
• In answer to your question, the bonds are paid off the way that TIDs work: tax increment development
• district.

Summary: The Senate convened for an Indian Day/Native American Day session featuring prayers, drum and color guard presentations, and extensive recognition of tribal leaders, students, royalty, and community advocates from across New Mexico and neighboring tribal nations. Senators used the morning to introduce guests and speak about Native sovereignty, language preservation, education, water access, economic development, and the importance of tribal-state relationships. Several speakers highlighted personal and family ties to Native communities, while others emphasized ongoing work on issues such as clean water for Navajo communities, Native youth leadership, and missing and murdered Indigenous women and relatives. A major non-ceremonial item was the reading of Senate Executive Messages from the governor authorizing consideration of Senate Bills 306, 309, 312, and 313. Those bills would, respectively, change licensure rules for certain institutions, alter lottery tuition fund deposit requirements, and repeal or revise provisions related to safety helmets and child restraint devices in negligence and damages law. The Senate also received committee reports advancing House Bill 34, Senate Bills 204, 241, 77, 152, 190, and 143, along with confirmations for Elaine Luna and Grace Margaret Herrera to the New Mexico Highlands University Board of Regents. The Rules Committee also reported on the governor’s appointment of Don Walters as child advocate for the Office of the Child Advocate. The chamber also adopted a Senate resolution recognizing February 6, 2026, as New Mexico Speech, Language, and Hearing Association Day, with Senator Pope speaking in support of audiologists and speech-language pathologists. Throughout the session, members repeatedly acknowledged the prior night’s Senate-House basketball game, which raised more than $26,000 for cancer, and used the occasion to thank participants and guests. No roll-call votes were recorded in the transcript beyond voice votes adopting the committee reports and the unanimous-consent actions on floor procedures and guest access.

Transcript Highlights:

• </c> district budget? district budget?
• <00:45:01.680><c> then</c><00:45:02.000><c> district</c> within the same district, then district within
• The bottom line is that this bill will increase local property taxes by requiring public school districts
• The bottom line is that this bill will increase local property taxes by requiring public school districts
• by requiring public school taxes by requiring public school districts<01:07:50.000><c> to</c><01:07:

Committee: Senate Education Finance

Transcript Highlights:

• And so the forecast assumes that those incremental months that the feds will no longer pay for will be
• H.R. 1 clarified that states could not, or requires that states cannot add new taxes, essentially.
• H.R. 1 clarified that states could not, or requires that states cannot add new taxes, essentially.
• We are already kind of had a prior to that bill; we're just estimating the incremental impact of your
• We are already kind of had a prior to that bill; we're just estimating the incremental impact of your

Committee: House Human Services Finance and Policy

Transcript Highlights:

• But when we tax corporations, we tax them on their national profits.
• profit pie each state can tax.
• into their own tax codes.
• That starts with permanently decoupling our tax code from Trump's corporate tax cuts.
• That starts with permanently decoupling our tax code from Trump's corporate tax cuts.

Bills: H4975

Committee: Joint Joint Committee on Revenue

Keywords: federal tax changes, OBBBA, revenue impact, pass-through entities, state budget, tax relief, high-income earners, opportunity zones

Transcript Highlights:

• The qualifying taxpayer may claim a supplemental tax credit rate for the tax due under chapter 290 equal
• The qualifying taxpayer may claim a supplemental tax credit rate for the tax due under chapter 290 equal
• </c> started was because of the saff tax started was because of the saff tax credit<00:31:23.120><c>
• </c> that we would be here today that tax that we would be here today that tax credit<00:37:18.079><c
• </c> Minnesota uh the Minnesota staff tax Minnesota uh the Minnesota staff tax credit<00:54:53.680><c

Bills: HF1277 , HF1006

Committee: Senate Taxes

Keywords: data centers, tax exemption, Minnesota statutes, economic development, employment growth, property tax, abatement, land bank, redevelopment, political subdivision

Transcript Highlights:

• This principle is especially important as we oversee the tax dollars entrusted to us by our neighbors
• Florida uses an incremental budgeting approach, meaning each agency begins with the assumption that it
• the PACE program so that it provides necessary services to the elderly while also appropriately using tax
• the PACE program so that it provides necessary services to the elderly while also appropriately using tax
• I can't speak to specifics about a two-year wait list in District 36, but I'm happy to follow up with

Committee: Senate Appropriations Committee on Health and Human Services

Summary: The Appropriations Committee on Health and Human Services heard a base budget overview for the 2025-26 fiscal year, which was presented as a $46.8 billion starting point for the silo. Staff explained that HHS accounts for about half of the state base budget and roughly 36% of general revenue, with AHCA and Medicaid making up the largest share. The committee then reviewed the PACE program for the elderly, including its eligibility, service model, growth in applications, slot funding and reversions, and the agency’s plan to move from the federal three-way agreement to a more detailed two-party contract to improve accountability, transparency, and reporting. Members raised concerns about unfilled slots, reversions, rural access, and the need for clearer return-on-investment data; the agency said it would follow up on some of those questions. The committee also heard from the Agency for Persons with Disabilities on its statewide dental program. APD described its history of appropriations, the failed January 2024 solicitation, and a new up-to-$11.5 million solicitation focused on preventive care, community partnerships, teledentistry, and coordination with other services. Members questioned overlap with Medicaid dental coverage, the effect of Medicaid unwinding on APD clients, and whether state dollars were duplicating federally supported services; APD said it tries to act as payer of last resort and that services would continue during procurement. Public testimony from an APD stakeholder and the Florida Dental Association emphasized Medicaid eligibility problems for waiver recipients, low reimbursement rates, limited access to anesthesia and hospital-based dental care, and concerns that proposed Medicaid changes could reduce access for special-needs patients. The Department of Veterans’ Affairs then presented on state veterans service officers and benefits assistance. FDVA highlighted its role in helping veterans access federal benefits, reporting about $27.9 billion in federal dollars flowing into Florida and a high return on state investment. The department said it has increased outreach, claims processing, and services, and has trained staff to identify mental health concerns through its Overwatch program. In response to questions, FDVA discussed plans to expand adult day health care at a new veterans nursing home and possibly at existing locations with additional state funding. At the end of the meeting, the committee completed its presentations and adjourned without objection.

Transcript Highlights:

• Part of it was to make our tax system our tax system and not the feds' tax system.
• are taxed under the gross receipts tax.
• tax.
• We're taxing that. So we're taxing governments.
• They pay taxes here, income taxes, and all that.

Committee: House Revenue Stabilization & Tax Policy Committee

Transcript Highlights:

• We have some concerns, I do, with regards to the ever-increasing expansion of taxes, property tax, excise
• tax, real estate tax, et cetera.
• We know how Excise tax, real estate tax, etc.
• So on that larger ...the property taxes for everyone else in those communities.
• It helps, I think, in Representative Burnbaum's district more than mine.

Bills: HB1974 , HB2118 , HB2236 , HB2269

Committee: House Housing

Keywords: land bank, land banking authority, affordable housing, housing crisis, housing supply, public corporation, public housing authority, nonprofit housing, tax-foreclosed property, blight remediation, redevelopment, anti-displacement, equity, redlining, racial segregation, deed restriction, affordability covenant, property tax exemption, excise tax exemption, predevelopment

Transcript Highlights:

• company by a production company only if the production company withheld and remitted Alabama income tax
• Alabama income tax at the rate of 5% on all payments to the loan-out company for services performed in
• withheld and remitted to the Alabama Department of Revenue is considered to be an estimated income tax

Bills: SB90 , SB255 , SB268

Committees: House Tourism , House Economic Development and Tourism

Keywords: Green County, racing, pari-mutuel wagering, gaming regulations, commission appointments, historical horse racing, local tax, SB255, cannabinoid, hemp, hemp-derived THC, THCa, delta-8 THC, HHC, CBD, THC, novel cannabinoid products, hemp products, intoxicating hemp, delta-8

Transcript Highlights:

• AI is still very much in its infancy, and largely I will just highlight my district.
• My district is the largest manufacturing, advanced manufacturing district in the state of California,
• In the state of California, with the most premier companies in our district.
• The federal government has canceled tax credits for solar and wind projects.
• The federal government has canceled tax credits for solar and wind projects. is under threat.

Committee: Senate Energy, Utilities and Communications

Summary: The committee heard a long agenda of energy, water, and utility bills. SB 952, SB 1417, SB 924, SB 925, SB 1011, SB 1168, SB 1196, and SB 1350 were all discussed, along with consent items SB 1008 and SB 1245. SB 952 would give the Department of Water Resources more flexibility in meeting clean energy procurement goals for the State Water Project; it drew support from the State Water Contractors and California Municipal Utilities Association and no opposition. SB 1417 would extend transparency and notice requirements to mutual water companies, especially in response to wildfire-related rate increases in Altadena; supporters described lack of notice, meeting access, and public accountability, while the California Association of Mutual Water Companies opposed the bill as overly prescriptive and potentially conflicting with existing law. SB 924 would modernize low-income energy assistance and weatherization programs to better measure affordability outcomes and tenant benefits, and it passed with broad support. SB 925 would direct the Energy Commission to develop a statewide roadmap for fusion energy; it was supported by industry and clean energy groups and passed without opposition. SB 1011 would require CPUC standards for human review of utility AI systems and labor consultation; supporters framed it as a safety and workforce protection measure, while utilities and business groups warned about cost, duplication, and overbroad regulation. SB 1168, now a study bill, would have the CPUC examine how data centers pay for load growth and rate impacts; it drew mixed reactions, with some industry opposition and some labor support after amendments. SB 1196 would speed utility hookups for ADUs and JADUs by allowing earlier applications and setting timelines; housing advocates supported it and it passed. SB 1350 would allow renewable portfolio standard credit for power plants using green hydrogen, with strong support from hydrogen, labor, and utility interests, but TURN opposed it unless amended, arguing it lacked safeguards against greenwashing and resource shuffling. The committee also approved the consent calendar and several bills were reported out on recorded votes, with most measures advancing on strong bipartisan support and a few no votes from Senators Strickland and Dahle on selected items.

Transcript Highlights:

• > for</c> local tax property tax bill for local tax property tax bill for Education<00:27:44.360><c>
• state tax.
• their school districts, the only significant source of revenue they have is the property tax.
• tax.
• , would you also support then requiring a district to have a single local ed property tax rate for all

Summary: The committee held a work session focused on school funding formulas, adequacy aid, and special education aid, with the chair outlining a schedule for the next several Tuesdays and noting that the committee would likely need multiple executive sessions to narrow down the bills. Members discussed the FY 26 formula, including base cost, differentiated aid, extraordinary needs grants, hold harmless provisions, and the roughly $28 million in excess statewide education property tax (SWP) funds that are not currently returned to the state under the existing formula. The first bill discussed was HB 137, which would allow excess SWP funds to remain with the local municipality for school and municipal purposes. Representative Spilsbury argued the issue is fundamental and suggested the state should require excess funds to be remitted back to the state, while Representative Damon said the bill appears to codify current practice and may be unnecessary, especially given possible court action. The discussion then shifted to a related bill from Representative Fellas that would redefine SWP as local money rather than state money and keep the current adequacy aid numbers revenue-neutral for now. Representative Fellas explained that SWP was created in 1999 after the Claremont lawsuit as part of the state’s effort to show increased school aid, but that it effectively labeled part of the local property tax as state money without changing property tax bills. She argued the state should not be tapping local property tax revenue and said her bill would preserve the current distribution while removing the SWP tax label, with future work possible on a different measure of local capacity such as income, home values, or poverty rate. Members also referenced prior discussions of fiscal capacity aid, relief aid, and other formula changes as part of the broader effort to restructure school funding.