Transcript Highlights:

• <00:43:01.960> statements<00:43:02.720> of value statements of value statements of what
• <00:44:08.359> their value them and we don't value their value them and we don't value their
• state that we are not valuing higher education.
• passing this is that we do not value passing this is that we do not value higher<00:47:32.520>
• higher education as much as we value higher education as much as we value other<00:47:34.599>

Keywords: 928, house, all

Summary: The House Finance Division II work session considered several amendments to HB 2. The first two items were rejected: a proposal to add a new “Lakes” license plate with proceeds to the cyanobacteria fund failed 7-8, and Amendment 1040, which would have imposed a 5% administrative fee on certain dedicated funds to raise general fund revenue, failed 4-5. Representative Maguire explained the fee would apply only to new revenue going forward and would not change existing fund balances; he also described exemptions for federal funds, bequests, and other special cases. Representative Murray questioned the consistency of the approach and who currently pays administrative costs, while Maguire said the charges are often handled case-by-case by agencies or the treasurer. The committee then revisited revenue distribution changes in HB 2. Members first reconsidered and reversed prior acceptance of sections affecting the Education Trust Fund, then adopted Amendment 1381H, which changes the distribution of business profits tax and business enterprise tax revenue, along with related sections, to shift more money to the General Fund. Supporters argued the change was needed to address revenue shortfalls and to align with historical distributions; opponents said it reduced support for education. The reconsideration motion passed 7-3, and the amendment itself passed 5-3. The committee also adopted Amendment 1413H, incorporating the language of HB 741 on open enrollment and student attendance in public schools. Supporters said it was House policy and had sufficient policy and fiscal impact to belong in HB 2; opponents noted the underlying bill had been controversial and passed the House by a relatively close margin. Finally, the committee considered a USNH budget reduction proposal that would cut the University System of New Hampshire by $25 million per year net. Supporters said the cut was necessary to balance the budget and that K-12 obligations had to take priority, while opponents argued the cut would harm workforce development, the state economy, and student retention. The transcript cuts off during extended debate, and no final vote on the USNH item is shown in the provided text.

Transcript Highlights:

• ratios, whereas the market value of assets represents the value of the trust fund as of the valuation
• I'll start with the market value. To mention, it's the value of the trust fund.
• The line represents the market value. The dashed line represents the actuarial value.
• You can see that the market value is more volatile, moves up and down, and then the actuarial value cuts
• market value of the fund.

Keywords: 904, all

Transcript Highlights:

• And, to be clear, this market value exclusion does have a cost.
• value of the property, right?
• choose between this market value choose between this market value exclusion<00:12:33.399> and
• when we're talking about market value when we're talking about market value exclusions<00:13:17.360
• <00:15:18.600> to there is an inherent value to there is an inherent value to communities<

Keywords: 919, house, all

Summary: The committee took up House File 633, which would provide property tax relief for in-home family child care providers. An amendment was adopted first that converted the bill from a state-paid credit into a 50% market value exclusion. The author explained the bill as a way to reduce property tax burdens on family child care homes, stabilize a shrinking sector, and help preserve child care capacity, especially in rural areas. He cited declining numbers of licensed providers, rising costs, and long-term losses in family child care slots. Public testimony was generally supportive. A family child care provider’s relief provider described rising costs for utilities, insurance, and taxes, and said home-based care remains important for families who do not want center-based care. A representative from Leading Care Public Policy said family child care is in crisis, emphasized the continuity and community connection of home-based care, and supported the bill as a way to equalize support for providers. Members also discussed the policy choice between a credit and an exclusion, with some arguing a credit would be more targeted and equitable, while the author said the exclusion was the most practical way to move the bill forward. House Research explained that because the bill is structured as an exclusion, most of the benefit would be shifted to other local taxpayers rather than paid by the state, though there could be a small state cost through increased property tax refunds. Members raised concerns that the exclusion would interact with homestead exclusions and might favor higher-value homes, while supporters argued it would directly lower costs for child care providers and could help expand capacity. The committee closed testimony and voted to re-refer House File 633, as amended, to the Committee on Taxes, where the motion prevailed.

Transcript Highlights:

• no mechanism for that value to be realized and monetized and the proceeds from that gain in value to
• > be no mechanism for that value to be no mechanism for that value to be realized<00:14:22.560
• The fund value can certainly decline. Uh The fund value can certainly decline.
• average of the funds value. average of the funds value.
• So, the value of the fund at 2.3 is half investment value.

Keywords: 1187, senate, all

Transcript Highlights:

• an important reminder that market value an important reminder that market value increase<00:10:18.160
• disabled veterans market value disabled veterans market value exclusion<00:12:38.279> all
• from basically property taxes that value from basically property taxes that value would<00:12:50.000
• implications to tax policy uh the values implications to tax policy uh the values that<00:31:21.360
• that a property can increase in value that a property can increase in value one<00:37:34.920>

Keywords: 1183, house

Transcript Highlights:

• And true and full value, and then, of course, maximum reduction in taxable value.
• They use the cost approach, which determines an estimated value based on the total of the land's value
• a current value.
• Commercial property values also climb.
• The price went up, the gross value less about 3.25% of that gross value is taken out of the equation,

Summary: The committee met to receive updates from the Tax Commissioner’s office on property tax relief programs and related compliance work. Commissioner Brian Croshys reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting that the Homestead program expanded significantly after HB 1158, that some households are “adjusting out” of eligibility as incomes rise, and that the committee may want to consider indexing income thresholds. Members asked for additional data on bracket breakdowns, possible costs of eliminating income limits for seniors, and how many households are zeroed out by the combined programs. Croshys also discussed the simpler administration of the disabled veteran credit, the growth in participation, and the heavy workload and auditing safeguards built into the new primary residence credit system. He said the department found no material compliance findings and that the program is designed to be digital-first, with county auditors and the Tax Commissioner’s office both involved in review and notification. The committee recessed for lunch and later reconvened, with the chair noting that more detailed PRC information would likely be available at a September meeting. Shelly Myers then presented the statewide property tax increase, or “zero growth,” report and the 2025 statistical report. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and which jurisdictions showed the largest percentage changes in countywide, citywide, school district, and park district levies. In the statistical report, she summarized recent trends in assessed values: agricultural values remained relatively flat, while residential, commercial, and centrally assessed property values increased over the past five years. She also reviewed statewide tax levies by property class and clarified that centrally assessed growth figures were annual averages. Members discussed how shifts in land use and annexation can make it appear that tax burdens are moving from ag to residential/commercial property. Myers then summarized the interim study on the 3% levy limitation under HB 1176, saying most counties complied without budget changes, while some used hiring freezes, deferred purchases, or reserve funds; 23% of counties had to reduce levies, and the affected funds were mainly general, road and bridge, and weed control. She said 12 counties reported zero new growth in the data and that 35 counties reported not using all of their cap. The committee also received an oil tax presentation from Croshys on the stripper well extraction tax exemption. He outlined the number of active stripper wells, the production and revenue implications of the exemption, and projections for future biennia under different tax scenarios. He said the exemption represents substantial savings to operators but also corresponds to production tax revenue that would otherwise be collected, and he emphasized that future outcomes depend on oil prices, well counts, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly answered a question about why Red River wells have a different production threshold than Bakken wells, explaining it was tied to completion costs and lateral length. The committee then heard from Charlie Gorecki of the EERC, who presented an analysis of typical Bakken well decline curves and argued that most oil is produced before a well reaches stripper status, but that keeping wells open and investing in refracturing or other interventions can recover additional production. No votes were taken during this portion of the meeting; the main actions were receiving reports, asking for follow-up data, and scheduling further discussion for a later meeting.

Transcript Highlights:

• in taxable value.
• in taxable value.
• million in taxable value.
• , not the home value.
• But it does not allow them to take into account just that inflationary value of the property values.

Keywords: 908, all

Summary: The committee met to continue its tax reform and relief study agenda, approved the December 3, 2025 minutes, and announced a new subcommittee to examine property tax statement issues with counties, auditors, and the tax office. Representative Headland was named chair, Senator Rummel vice chair, and Representatives Dressler and Dr. Dr. and Senator Patton were also assigned. The chair noted the group may need an additional meeting and thanked staff and attendees. A major portion of the meeting focused on economic development incentives. The Department of Commerce presented on the Renaissance Zone program and TIF districts, describing Renaissance Zones as locally tailored tools that combine local property tax relief with state income tax incentives. Commerce said the program has supported thousands of projects since 1999 and cited examples from Beach and Mandan showing increases in property and taxable value, business retention, housing, and downtown revitalization. Committee members raised concerns that smaller rural communities often lack the staff and expertise to apply, and Commerce said it provides outreach through conferences, office hours, and one-on-one assistance. League of Cities and local officials from Bismarck and Ellendale echoed the capacity issue, discussed how the programs have worked in their communities, and suggested possible reforms or more targeted support for small towns. Ellendale’s mayor also described two TIF districts, one for industrial infrastructure in Oaks and one for housing infrastructure tied to a data center project in Ellendale. The committee then turned to stripper oil taxation. The Tax Department gave a comparison of oil and gas tax structures in selected states, noting that most have some form of stripper or marginal well provision, while Alaska does not appear to have a specific stripper-well exemption. Members asked for more detail on definitions and North Dakota’s annual adjusted rate. The Department of Mineral Resources followed with a detailed presentation on North Dakota stripper wells, explaining the statutory thresholds, the 12-consecutive-month production test, and the fact that once a well qualifies it remains on stripper status even if production later rises. DMR said about 11,332 stripper wells are active, representing roughly 54% of wells and about 16% of state production, and emphasized that stripper status can extend well life, preserve tax revenue, and reduce orphaned wells. Committee members and industry witnesses discussed refracs, the economics of keeping marginal wells active, and the competitive disadvantage created by North Dakota’s oil price discount. No votes were taken on these informational items.

Transcript Highlights:

• The first tier would include the first $1.5 million of value, changed from $600,000.
• The third tier would include value over $4.5 million.
• About 440 of these properties, or 45% of all Class 1C properties, have taxable market value exceeding
• properties have taxable market value properties have taxable market value exceeding<00:03:57.200
• Our property tax, as Joel had said, is valued not on our business or what our business value is, but

Keywords: 1187, senate, all

Transcript Highlights:

• And true and full value, and then, of course, maximum reduction in taxable value.
• They use the cost approach, which determines an estimated value based on the total of the land's value
• a current value.
• Commercial property values also climb.
• The price went up, the gross value less about 3.25% of that gross value is taken out of the equation,

Keywords: 908, all

Transcript Highlights:

• Of what someone's asset value was.
• And true and full value, and then, of course, maximum reduction in taxable value.
• They use the cost approach, which determines an estimated value based on the total of the land's value
• a current value.
• So that price went up, the gross value, less about 3.25% of that gross value, is taken out of the equation

Summary: The Tax Reform and Relief Advisory Committee met with a quorum, approved the March 17, 2026 minutes, and heard a lengthy update from Tax Commissioner Brian Croshys on property tax relief programs. He reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting increased relief after House Bill 1158 and House Bill 1176, but also discussing how some households “income adjust out” of eligibility over time. Members asked about indexing income thresholds, expanding eligibility by age alone, simplifying administration, county-level notices, and whether the county and state systems could be streamlined. Croshys said the programs are heavily used, largely administered at the county level, and that the department is still refining compliance and reporting; he also said there were no material findings or overarching concerns in the latest review. The committee agreed more detailed PRC information would likely come back in a September meeting, and the chair announced an afternoon recess for lunch before later reconvening. Shelly Myers then presented the statewide property tax increase report, the zero-growth report, and a statistical report on property values and tax levies by class. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and identified counties and cities with the largest percentage changes in growth or decline. She also summarized recent trends: agricultural values remain relatively flat, while residential, commercial, and centrally assessed values have risen over the last five years; in 2025, residential property accounted for the largest share of statewide property tax levies, followed by commercial, agriculture, and centrally assessed property. Committee members asked about unusual zero-growth figures, the effect of annexation and land-use changes, and whether the 3% levy cap was forcing political subdivisions to use reserves or defer spending. Myers said many counties complied by using reserves, delaying capital projects, or limiting increases, and that some counties had not used their full cap. The committee then moved to the stripper oil extraction tax exemption. Commissioner Croshys reviewed the state’s oil tax structure and estimated the revenue impact of keeping stripper wells exempt from extraction tax while still paying production tax. He said the exemption saves operators hundreds of millions of dollars over a biennium, while the state still collects production tax on those wells. He also discussed projected impacts if the exemption were changed for future wells and noted that future outcomes depend on oil prices, production declines, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly explained the historical difference between the 35-barrel and 30-barrel thresholds for certain wells, citing differences in completion costs and lateral lengths. The committee then heard from EERC CEO Charles Gorecki, who presented an analysis of oil well life cycles and said most oil is produced before wells reach stripper status, but that refracturing or other reinvestment can significantly extend production and keep wells above the threshold for years.

Transcript Highlights:

• We have a compliance in our values.
• So therefore, we think that is a great tool that adds value, but is what we like to call brings value
• are in terms of the value of that tool. are in terms of the value of that tool.
• to use of KBI, it's based on the value. to use of KBI, it's based on the value.
• <00:34:41.599> Our were at about 5% of value. Our were at about 5% of value.

Keywords: The first few minutes of this meeting was missed on the live stream. This upload restores those few minutes, 958, all

Summary: The subcommittee met with Secretary Jeff Null and General Counsel Matt Wing of the Cabinet for Economic Development for an overview of the cabinet’s main economic development tools, strategy, and compliance practices. Null said the cabinet uses a data-driven approach focused on competitiveness, site readiness, wages, workforce training, and long-term assets such as roads, rail spurs, water, and sewer improvements. He emphasized that the cabinet tries to balance attracting new employers with supporting existing businesses, and said compliance is a core value of the agency. Null walked members through several programs, including the closing fund, Kentucky Business Incentive (KBI), Bluegrass State Skills Corporation training support, and the KIA sales-tax refund tool for construction materials and equipment. He said the closing fund has received $80 million over two years for projects generally involving at least $10 million in investment, though some flexibility exists. He also explained that Bluegrass State Skills funding is typically about $2,000 to $3,000 per job and can be used flexibly for training, including sending Kentucky workers to be trained elsewhere or paying trainers to come to Kentucky. He described KBI as a pay-as-you-go, incremental tax credit tied to actual jobs and investment, and said the legislature’s tiered refundable credit structure allows more targeted use of incentives in heritage and non-heritage counties. A substantial portion of the presentation focused on compliance and monitoring. Null said incentive agreements are written with commercial terms and spell out jobs, investment, wages, and training commitments. The cabinet requires regular reporting, invoices, and sampling, and can use clawbacks or suspend benefits if companies fail to meet obligations or lose required environmental permits. He said the Kentucky Economic Development Finance Authority reviews incentive applications in public meetings and often requires company representatives to answer questions before preliminary approval is granted. No votes or formal actions were taken during the meeting.

Transcript Highlights:

• to to everyone there and also the value to to everyone there and also the value and<01:20:45.120
• And when we talk about the value of solar and the value it adds to all of us, and the work that went
• And when we talk about the value of solar and the value it adds to all of us, and the work that went
• Elof what the value of solar cost is today or this year, and it's 10.58 cents, so the value of solar
• <01:41:39.280> of and when we talk about the value of and when we talk about the value of

Bills: HF845

Keywords: net metering, distributed generation, solar energy, rooftop solar, renewable energy, utility rates, electric cooperatives, municipal utilities, public utilities, Public Utilities Commission, net billing, bill credits, cost of service study, standby charge, qualifying facility, energy policy, clean energy, customer generation, interconnection, Minnesota Statutes 216B.164

Transcript Highlights:

• In reality, we're looking for value.
• Find value. Pick the projects.
• But I just got to let you know that there has to be value. I have to be capturing value.
• I have to be capturing value. But I just got to let you know that there has to be value.
• And it gives surety and value to the customer. But it also provides that value to...

Summary: The joint committee met with a quorum present and first received an overview of its jurisdiction and duties related to appointing the Florida Public Counsel. Staff explained the committee’s authority under joint rules and state law, noted that the current Public Counsel’s term expires February 28, 2025, and that applications for the next four-year term were open with a February 6, 2025 deadline. The committee then heard an extensive update from Public Counsel Walt Truerweiler on the Office of Public Counsel’s work representing utility ratepayers before the Public Service Commission and in appeals. Truerweiler described the office’s caseload and priorities, including electric, gas, water, and wastewater rate cases; storm recovery dockets; cost-recovery clauses; rulemakings; and customer service hearings. He emphasized that the office seeks to challenge unsupported or imprudent costs, find value for customers, and use expert analysis and customer testimony to shape outcomes. He highlighted recent and ongoing matters, including major Duke, TECO, Sunshine water/wastewater, and hurricane recovery proceedings, and said the office had fully litigated four of its last five rate cases, while also achieving a major settlement in Duke that reduced a requested increase and imposed cost controls on solar projects. Members praised the office’s work and asked about the benefits of settlements, staffing and compensation, and how the office decides when to fully intervene versus provide guidance or monitor a case. Truerweiler said settlements can create predictability, reduce uncertainty and expense, and produce tangible value for both customers and utilities. He also acknowledged recruitment challenges, including lower pay than comparable agencies and difficulty attracting attorneys who do not want in-person litigation work. The committee took no substantive action beyond receiving the presentations, and adjourned after a motion was adopted.

Transcript Highlights:

• So will this deepen the gap between market value and taxable value for long-term homeowners for those
• For years, our property tax system has already suppressed assessed values below actual market value,
• And remember, when property changes hands, it resets to market value.
• Contrary to Western values shall be void and unenforceable.
• So it gives a definition of Judeo-Christian Western rights and values.

Bills: HJR1024, SB1316, SB1491, SB1552, SB1679, SB1877, SB2040, SB2133, SB2153, SB2174, SB2180, SB227, SJR39, SJR47, SJR48

Keywords: Judicial Nominating Commission, congressional districts, terms of office, Oklahoma Constitution, legal qualifications, political party restrictions, family ties, administrative rules, sunset provision, state agencies, regulatory review, legislative oversight, presidential electors, vacancies, oath of office, political party, elections, county home rule charter, home rule, county government

Transcript Highlights:

• Is that a way of thinking about best value?
• examples of how we would see best value utilized in our project.
• Close the freeway down for 100 days as part of the best value.
• <00:41:43.359> we uh when we use in best value we uh when we use in best value we sometimes
• also done a lot of work with Best Value also done a lot of work with Best Value in<01:19:13.719>

Keywords: 1187, senate, all

Transcript Highlights:

• Referendum market value is the taxable market value of all taxable property in the district, not including
• Referendum market value is the taxable market value of all taxable property in the district, not including
• Referendum market value is the taxable market value of all taxable property in the district, not including
• Referendum market value is the taxable market value of all taxable property in the district, not including
• decrease in the referendum market value decrease in the referendum market value rate<00:20:52.360

Keywords: 1187, senate, all

Transcript Highlights:

• Visa and MasterCard make a percentage of the value of the purchase. Correct.
• Because it's a value based on the particular drug.
• Because it's a value based on the particular drug.
• We're looking for drugs that are very high cost with lots and lots of value.
• That's part of the value conversation.

Keywords: 995, all

Summary: The Joint Committee on Health Care Financing held a public hearing on a broad set of health care bills focused on cost, market oversight, pharmaceutical access, transparency, hospital closures, and pharmacy access. Chairs John Lawn and Cindy Friedman opened by emphasizing recent health care reforms and the need for further action on the drug supply chain, PBMs, private equity, and affordability. The committee heard testimony on several measures, including a Betsy Lehman Center bill to make technical changes and create a permanent trust account for federal and private funding, and bills on hospital profits and fairness, hospital closures and health planning, pharmacy deserts, and health care market oversight and pharmaceutical access. No votes were taken during the hearing. On the hospital profits bill, physicians and labor advocates strongly supported capping hospital CEO compensation at 50 times the lowest-paid worker, requiring greater financial transparency, and directing penalties from high-margin public hospitals into a Medicaid reimbursement fund. Testifiers argued that executive pay is excessive while frontline staff and safety-net services are under strain. Committee members raised concerns about unintended consequences, including whether hospitals might shift workers to contract status or lose executive talent, and whether the bill would actually direct money to the safety net. Supporters responded that the measure is one piece of a larger effort and that the bill’s Medicaid reimbursement provisions would help underserved hospitals. Testimony on market oversight and pharmaceutical access centered on rising health care and drug costs, PBM practices, and the proposal to give the Health Policy Commission authority to set upper payment limits for certain drugs. Consumer advocates, disability advocates, an independent pharmacist, the Attorney General’s office, and others supported stronger oversight, citing premium increases, affordability problems, and the impact of high drug prices on patients and community pharmacies. Pharma and some industry witnesses opposed parts of the bill, warning that upper payment limits could disrupt access, create legal issues, and fail to address the broader supply chain. The committee also heard support for stronger hospital closure notice and public hearing requirements, and for a pharmacy deserts bill aimed at identifying and addressing closures like the one in Roxbury that affected thousands of patients.

Transcript Highlights:

• Value is personal and clinical.
• H. 1092 and others like it conflate cost and value, attempt to legislate value without defining it, trigger
• Values personal and clinical.
• H-1092 and others like it conflate cost and value, attempt to legislate value without defining it, Treating
• . like it, conflate cost and value, attempt to legislate value without defining it, trigger actions without

Keywords: 995, all

Summary: The committee held a lengthy hearing on a large docket of pharmacy and drug-pricing bills, with most testimony focused on PBM reform, 340B drug discount program protections, specialty medication access, and medication adherence. Chair James Murphy and Senator Paul Feeney opened the hearing and took testimony from legislators, patient advocates, pharmacists, health center leaders, industry representatives, and policy groups. Several speakers described delays, denials, high out-of-pocket costs, and pharmacy closures tied to PBM practices, while others emphasized the importance of community health centers and independent pharmacies in serving patients. On the 340B program, supporters including Senator Eldridge, Senator Payano, Community Care Cooperative, Fenway Health, the Massachusetts League of Community Health Centers, and several community health center leaders argued that bills such as H. 1107 and S. 819 would stop discriminatory PBM and manufacturer practices, preserve contract pharmacy access, and protect safety-net providers that say they reinvest savings into care, pharmacy expansion, interpreter services, behavioral health, and other services. Opponents including PhRMA, the Community Liver Alliance, and a public policy analyst argued the program lacks transparency and accountability, has grown beyond its original purpose, and may benefit large hospitals and for-profit entities more than low-income patients. They urged more reporting and oversight rather than expanding protections. On PBM reform, testimony supported bills including H. 1157, H. 1234, S. 724, S. 831, and related measures that would require rebate pass-through, ban spread pricing, limit steering to PBM-owned pharmacies, and improve reimbursement for community pharmacies. Independent pharmacists and patients said current PBM practices raise costs, create administrative burdens, and threaten access to local pharmacies. PCMA, representing PBMs, opposed the reforms, arguing PBMs lower costs, that plan sponsors choose to contract with them, and that the Health Policy Commission and CHIA should complete their ongoing study before new mandates are adopted. The committee also heard support for H. 1322 and S. 734 on specialty medications, and for H. 781 and H. 1305 on medication synchronization to improve adherence. No votes or formal actions were taken during the hearing.

Transcript Highlights:

• value range. value range.
• You set the fair market value, and I believe that it's set as a depreciated value, and then you apply
• of rapidly inflating property values. of rapidly inflating property values.
• Really, the values of the homes aren't going up. The value of our money's going down.
• real estate values. Thank you, Mr. real estate values. Thank you, Mr. Chairman. Chairman.

Keywords: 916, all

Summary: The Joint Revenue committee met with a quorum and heard a series of interim topic proposals focused on tax policy. Representative Brown raised two ideas: reinstating an exemption reporting requirement for corporations and entities receiving tax exemptions, with loss of the exemption for the current and prior year if they fail to report, and revising property tax treatment for wind turbines and related infrastructure by shifting the taxed footprint from agricultural to industrial classification. Senator Case and others then discussed energy taxation more broadly, including a possible generation tax for electricity, how to handle large data-center electricity loads, and whether sales tax revenue from very large electrical loads should be shared statewide rather than concentrated locally. The committee referenced prior bills and studies, including House Bill 300 and Senate File 76, and discussed using a mechanism that would keep local electricity bills net neutral while redirecting revenue distribution. The committee also took up problematic gaming and program funding. Senator Case described personal experiences with gambling addiction and the lack of available resources, while the presenter said the topic had been requested in multiple committees and that the biggest concern from House Bill 171 was protecting county and municipal funding. Members discussed whether the issue belonged in Revenue, Health, Labor, or Transportation, and several suggested it should stay with the standing committee handling gaming. Ideas raised included using gaming-related revenue for prevention and treatment, fully funding the 988 lifeline, and creating a broader trust fund for addiction-related services and law enforcement. The committee appeared to agree to continue the topic for educational purposes and to examine taxation of HHR and other gambling activity. Senator Case then proposed a severance tax on wind energy, arguing that wind development creates permanent landscape impacts and that the state should be compensated similarly to coal, oil, and gas extraction. Curt Meier, the state treasurer, supported reviewing lease agreements and said Wyoming should get more from wind resources, noting the state’s unique wind potential and the loss of viewshed. Finally, the committee heard a proposal to reform property tax relief by extending it to motor vehicle registration. Former Revenue director Dan Noble argued that vehicle taxes should be treated like other property taxes, using fair market value, depreciation, the residential assessment ratio, and local mill levies, which he said could provide broad relief but would be expensive, with an estimated fiscal impact of about $120 million. Representative Chestek followed with a related reform proposal based on Pennsylvania’s base-year assessment model, arguing that Wyoming’s current statewide relief measures treat symptoms rather than the underlying problem of rapidly rising local valuations.

Transcript Highlights:

• Consumer data has a value to it.
• This is taxing value and data.
• This is taxing value and data.
• This is taxing value and data.
• up value for things so we can tax them. up value for things so we can tax them.

Keywords: 919, house, all

Summary: The committee heard testimony on House File 5055, the governor’s supplemental tax budget. Commissioner of Revenue Paul Marquart outlined the proposal as a balanced budget package that would leave a positive bottom line in the current biennium and beyond. He emphasized family-focused tax relief, especially a new refundable young child credit for children ages 0 to 4, which would provide up to $3,000 for one child or $6,000 for two or more, benefit about 104,000 families, and phase out at higher incomes. He also described federal conformity changes, including updates to business interest deductions, dependent care credits, and Section 179 expensing, along with omitted federal items such as research expensing and opportunity zones due to cost and policy concerns. Marquart also defended broader tax modernization proposals, including expanding the sales tax to selected consumer services such as accounting, banking, brokerage, and legal services while lowering the statewide sales tax rate, and creating a social media tax on consumer data collection that would fund an AI readiness special revenue fund rather than the general fund. He said these changes would make the sales tax less regressive and better aligned with the modern economy. Additional provisions mentioned included a gun-related gross receipts tax on firearms and ammunition, cannabis tax technical changes, historic structure rehabilitation conformity, and added auditors for tax compliance. Testimony from outside groups was mixed. Nan Madden of the Minnesota Budget Project supported the governor’s approach as a response to federal tax and spending changes, praised the decision not to conform to opportunity zones or federal no-tax-on-tips/overtime provisions, and urged even stronger revenue measures. Brian Lake of the Minnesota State Bar Association strongly opposed the proposed sales tax on consumer legal services, arguing it would burden low- and middle-income people in sensitive cases and create unfairness when individuals litigate against the state. Tanner Fritsinger of the Minnesota Association of Professional Employees supported the sales tax base expansion and the social media tax as ways to broaden revenue without raising the base rate. The committee chair thanked the commissioner and then began hearing public testimony, with additional testifiers queued up.