Video & Transcript : 'tax exemption increase' :

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LA

Louisiana 2026 Regular Session

Civil Law and Procedure Apr 13th, 2026

Civil Law and Procedure

Transcript Highlights:
  • As you know, the federal estate tax exemption currently is $15 million.
  • Ad valorem tax exemption for certain property owners age 65 and older.
  • This is just an effort to increase their homestead exemptions slowly at the age of 65.
  • I think it comes up to a value of $370,000 of a home that they would be tax exempt on.
  • I think it comes up to a value of $370,000 of a home that they would be tax exempt on. Okay.
Bills: HB27 , HB71 , HB214 , HB225 , HB244 , HB306 , HB366 , HB446 , HB473 , HB514 , HB1043 , HB1082 , SB127
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 2/18/25

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • Louis County to take convey tax rehabilitated homes, and then they would convey them to the city that
  • </c><00:28:53.360><c> take</c><00:28:54.000><c> uh</c><00:28:54.159><c> convey</c><00:28:54.600><c> tax
  • </c> County to take uh convey tax County to take uh convey tax rehabilitated<00:28:55.840><c> homes</
Bills: HF110 , HF111 , HF263 , HF105
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 17th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • This theft also robs Texas of vital tax revenue, undermining our state's economic stability.
  • It clarifies our authority, ensuring we can protect businesses and preserve stability. state taxes.
  • And, thankfully, there is no increased risk of pregnancy loss. So, why do you think, or...
Bills: HB201 , HB272 , HB618 , HB 1094 , HB 1142 , HB201 , HB272
LA

Louisiana 2026 Regular Session

Ways and Means Apr 7th, 2026

Ways & Means

Transcript Highlights:
  • So again, this is a homestead tax exemption. So again, this is a homestead tax exemption.
  • Will this increase in the homestead exemption level increase the amount of money that the state is then
  • More people aren't exempt. They're still paying the taxes.
  • People aren't exempt; they're still paying the taxes.
  • I got you, but there would be a mechanism to still increase the tax exemption from $75,000 to $150,000
Committee: House Ways & Means
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Feb 26th, 2025

Ways and Means Education

Transcript Highlights:
  • This is the bill we talked about last week, extending the exemption for 100%... ...extending the exemption
  • There's an exemption if your income is less than 125.
  • In no case shall the exemption exceed $5,000. So, it's a cap on it. Yes.
  • Under current law, the exemption cannot exceed that.
  • That's all that would exempt anything above that.
Bills: HB226 , HB24 , HB309 , HB315 , HB272 , HB24 , HB226 , HB309 , HB315 , HB272
WA

Washington 2025-2026 Regular Session

House Finance Feb 26th, 2026 at 08:00 am

Finance

Transcript Highlights:
  • Property tax exemption for physical improvements made to a single-family dwelling damaged by a natural
  • Last year, two changes were made: estate tax rates were raised, and the exemption was increased to $3
  • The 2025 increased rate schedule and exemption threshold have only been in effect since June.
  • Turning to some property tax exemptions, there are several exemptions from property tax available in
  • So I'm looking at the property tax exemption and the definition is changed.
Bills: SB6114 , SB6244
Committee: House Finance
TX

Texas 89th Regular

89th Legislative Session Apr 1st, 2025

Texas House Floor Meeting

Transcript Highlights:
  • But if we don't exempt at least multi-million dollar transactions from these wealthy tax breaks, we're
  • H.J.R. 4, as it stands, would enshrine a permanent tax exemption for the most speculative, least productive
  • But instead of taking up bills that will lower property taxes for renters, increase access...
  • HB 135 by Button relating to an exemption from sales and use taxes for gain.
  • HB 135 clarifies that exotic and game animals are tax-exempt, and there's no fiscal note.
Bills: HJR4 , HJR6 , HB195 , HB 13 , HB143 , HB135
MN

Minnesota 2025-2026 Regular Session

House Education Finance Committee 3/12/26

Education Finance

Transcript Highlights:
  • Essentially, if there are any property tax impacts to a bill, the committee must pay those property tax
  • </c> committee must pay those property tax committee must pay those property tax levies<00:10:09.760>
  • </c> are property tax levy impacts. are property tax levy impacts.
  • I still think it should be solely in the tax committee since it is a property tax break.
  • </c> supposed to go back to the tax rules. supposed to go back to the tax rules.
Bills: HF3790 , HF3654 , HF3371 , HF3470 , HF1099
MN

Minnesota 2025-2026 Regular Session

House Transportation Finance and Policy Committee 3/25/26

Transportation Finance and Policy

Transcript Highlights:
  • tax increase in the uh 75 cent sales tax increase in the metro.<01:30:36.560><c> Uh</c><01:30:36.880>
  • We had $10 billion in tax increases two years ago. >> Okay.
  • </c><01:36:28.159><c> increases</c><01:36:29.280><c> two</c> had $10 billion in tax increases two had
  • $10 billion in tax increases two years<01:36:29.679><c> ago.
  • Are you supportive of your colleagues' off-handed comment about increasing taxes five-fold?
WA

Washington 2025-2026 Regular Session

House Finance Feb 3rd, 2026 at 08:00 am

Finance

Transcript Highlights:
  • And third, it repeals the coal sales and use tax exemptions.
  • There are several tax exemptions in the bill as well.
  • Increasing the premium tax...
  • Increasing the premium tax from 2% to 3% means a per member per month increase of $5.82 for Medicaid,
  • This increase in the premium tax credit will increase the cost of health care and dental premiums for
Bills: HB2367 , HB1974 , HB2650 , HB2626
Committee: House Finance
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Apr 22nd, 2026 at 01:30 pm

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • House Bill 2650 increases the value of an estate for which a petition for summary administration may
  • Annually, it is also an increase from the current 6% remittance received by the state for current tribal
  • Ohio Behavioral Health Bulletin estimates the increase of addiction in their state alone since passing
  • Gambling addiction is increasing across our United States.
  • Sports gambling is a revenue generator, but those tax contributions are relatively small when compared
WA

Washington 2025-2026 Regular Session

House Finance Mar 2nd, 2026 at 08:00 am

Finance

Transcript Highlights:
  • It consolidates the state property tax levy, as well as expands the property tax exemption program for
  • This amendment just exempts the live presentations tax that we passed just recently, exempts libraries
  • It just exempts them from sales taxes.
  • I do recognize the importance of the property tax exemption.
  • But unfortunately, as much as I want to provide tax relief, because of this tax increase in here, I'm
Bills: SB5994 , SB6244
Committee: House Finance
AL

Alabama 2026 Regular Session

Alabama House Ways and Means General Fund Committee Mar 31st, 2026

Ways and Means General Fund

Transcript Highlights:
  • Senate Bill 143 basically removes the sunset from the assessment tax to nursing homes.
  • </c><00:08:30.879><c> And</c> uh taxes for the private hospitals.
  • And uh taxes for the private hospitals.
  • Bill receives a favorable report. uh re the retail sales tax from 6 to uh re the retail sales tax from
  • That's less than 1% increase over the 2026 budget.
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • SCR 1028 is subject to voter approval and specifies that the legislature's exemption from the increased
  • Voter approval and specifies that the legislature's exemption from the increased vote threshold applies
  • changes to the tax statutes.
  • , you shift the taxes onto everybody else, and so this is a tax shift, rather enormous tax shift in my
  • assessment, you shift the taxes onto everybody else, and so this is a tax shift, a rather enormous tax
TX

Texas 89th Regular

S/C on Property Tax Appraisals Apr 3rd, 2025

S/C on Property Tax Appraisals

Transcript Highlights:
  • They can still increase the values for taxing purposes, you know, but they can't...
  • Some properties remain undervalued for years, while others experience sharp, sudden tax increases after
  • is the increases largely would have been on the higher end of the market, shifting that tax burden for
  • We collect roughly $230 million in property tax and we give $140 million in exemptions.
  • Under current law, Section 23.23 of the Tax Code limits the annual increase in a homestead's appraisal
LA

Louisiana 2026 Regular Session

Ways and Means Apr 21st, 2026

Ways & Means

Transcript Highlights:
  • This is just a small change to the annual tax exemption budget.
  • The annual tax exemption budget is typically due in the first week or so of March.
  • collector for each parish to create an annual tax exemption budget related to local sales and use tax
  • exemptions that largely mirrors the tax exemption budget, or T.E.B., relative to state taxes that the
  • So this will put a requirement on local taxing authorities to provide the level of tax exemption that's
Bills: HR118 , HB1120 , SCR11 , SB73 , SB89 , SB128 , SB149 , SB180 , SB191 , SB196 , SB238 , SB318 , SB340
Committee: House Ways & Means
AL

Alabama 2026 Regular Session

Alabama House State Government Committee Mar 18th, 2026

State Government

Transcript Highlights:
  • . >> Um, so SB 88 allows projects at higher education institutions to be exempt from inspection by the
  • of Construction Management. >> Um, so SB 88 allows projects at higher education institutions to be exempt
  • For those exempt that choose involved.
  • </c><00:23:03.440><c> uh</c> this body passed a bill that exempted uh this body passed a bill that exempted
  • c> from</c> letter E. any project exempt from letter E. any project exempt from approval<00:25:51.600
Bills: SB88 , SB337 , SB88 , SB337 , HB623