Transcript Highlights:

• <00:36:23.520> going problems with tax valuations going problems with tax valuations going
• Uh, and so, you have certainty that the rapid inflation does not affect your valuation at all.
• <00:48:56.520> And<00:48:56.760> so<00:48:56.920> that's valuation has gone
• And so that's valuation has gone down.
• go down you know you basically valuation go down you know you basically don't<00:49:01.240> you

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:

• Importantly, that current special valuation method is used agnostic of energy generation source.
• state level for the special valuation method.
• valuation method.
• The special valuation method does, as Ricky indicated, only take into account cost in determining the
• The special valuation method does, as Ricky indicated, only take into account cost in determining the

Keywords: 996, all

Transcript Highlights:

• So that's equalized valuation per pupil.
• So the median family income and the equalized valuation per pupil.
• And again, the language of using the median, the equalized valuation per pupil.
• question still exists. um, the valuation and everything else. um, the valuation and everything else.
• valuation question still exists. valuation question still exists.

Keywords: 928, house, all

Summary: The committee first heard HB 1334, which would remove the Education Freedom Account scholarship organization’s authority to approve “any other educational expense” under the EFA statute. The prime sponsor, Representative Porchelli, said the bill would narrow the law to the specifically listed qualifying expenses, avoid broad interpretation, and shift any questions to the Department of Education or the legislative oversight committee. In response to questions, she said she did not think the open-ended category had been needed and that the statute already clearly lists allowable expenses. A representative of the Children’s Scholarship Fund testified in opposition, saying the category is used rarely but is important for unusual cases, especially students with special needs, and that removing it could create unintended consequences. After testimony, the chair closed the hearing on HB 1334. The committee then heard HB 1513, which would move several EFA reporting and oversight requirements from administrative rules and the contract with the Children’s Scholarship Fund into statute. Representative Porchelli said the bill would consolidate existing requirements on timely responses to oversight requests, publication of expense reports by category and provider, and transmission of eligibility and enrollment data to the Department of Education. She described the bill as mostly a clarification and transparency measure rather than a substantive policy change. Members asked about the meaning of “timely access,” the 45-day deadline, whether the contract already covered these duties, and whether the scholarship organization had ever failed to comply. The Children’s Scholarship Fund said it had generally met the 45-day deadline, had not knowingly refused information requests, and that the quarterly reporting requirement could add cost; the sponsor said the DOE had provided guidance and was neutral. The hearing on HB 1513 was then closed. Finally, the committee heard HB 1256, which would repeal the state librarian’s authority to award scholarships for graduate library school attendance at American Library Association-accredited schools. Representative Drago said the law was unnecessary because the state does not currently have a state librarian, scholarships are not typically granted by statute, and he objected to the ALA accreditation requirement and what he described as the association’s political advocacy. In questions, he clarified that the bill targets the accreditation requirement rather than a specific school and said he did not think the state should direct taxpayer-funded scholarships toward ALA-accredited programs. A member raised First Amendment concerns, but the sponsor said the issue was not speech itself, only the use of taxpayer dollars and state law to support that direction. The transcript cuts off before any vote or final action on HB 1256.

Transcript Highlights:

• property valuations, with the denominator being the number of free and reduced students, will remain
• <00:35:01.040> property<00:35:01.800> valuations<00:35:02.800> uh equal valuation
• property valuations uh equal valuation property valuations uh with<00:35:03.520> the<00:35:03.760
• we are also wanting property valuations we are also wanting to<00:38:46.520> look<00:38:46.720
• <00:47:36.119> per when you looking at your valuations per when you looking at your valuations

Keywords: 928, house, all

Summary: The executive session focused primarily on HB 563, which revises the school funding formula, especially the adequate education grant amounts for special education students and the treatment of fiscal capacity disparity aid. Representative Ladd moved OTPA on Amendment 06508, explaining that FY 26 would largely hold the current formula steady, while FY 27 would increase several per-pupil amounts, including base cost, free and reduced-price meals, English language learner aid, and special education differentiated aid. He said the special education change was based on estimated case loads across disability categories and that the amendment also reinstates fiscal capacity disparity aid, using a formula intended to better assist property-poor communities. Several members supported the amendment as a step in the right direction, saying it better recognizes special education costs and separates property wealth from low-income student counts. Others raised concerns about the lack of time and the absence of a printed spreadsheet showing how the fiscal capacity disparity aid would affect each town. In response, sponsors said the spreadsheet existed, that the LBA had copies, and that the amendment would help about 40 target towns, while Manchester would be the main community receiving less under the new formula because of prior shifts in the extraordinary needs grant. Discussion also covered the broader impact of the bill, with members noting that about 200 of the state’s 245 cities and towns would see an increase and 45 a decrease under the proposed FY 27 changes. Supporters argued the bill was a compromise given limited revenues and that it should move forward so it can be considered by the full House and then Finance. No final vote on the amendment or bill was taken in the portion provided, and the chair indicated the committee was still deciding whether it had enough information to proceed.

Transcript Highlights:

• I think we need to question whether these lawsuits on what are essentially property valuation claims
• And so my opinion and take is that litigating claims on property valuation just drives up costs in the
• whole industry, which is then passed on to all of the... ...property valuation just drives up costs
• as far as attorney's fees on property claims is really ends up applying to what it says property valuation
• and all that, again, while ideal... ...over claims paid and valuations and all that.

Bills: HB3048, HB3259, HB3646, HB3696, HB3780, HB3781, HB3802, HB3818, HB4294, HB4488, HB2929

Keywords: insurance, nonadmitted insurers, surplus lines, insurance regulation, Oklahoma, health insurance, contracting entities, medical providers, enrollment, beneficiary rights, property and casualty, rates, filing, Insurance Commissioner, regulation, property, regulations, actuary, rate filing, independent review

Transcript Highlights:

• income and credit limits to be indexed to cost of living, but most importantly, it raises the home valuation
• would require income and credit limits to be indexed to the cost of living and would raise home valuation
• would require income and credit limits to be indexed to the cost of living and would raise home valuation
• that there are a number of properties in the Boston metro area that would probably have a higher valuation
• codes, which adds another layer of inequity and financial strain on vulnerable populations... ...valuations

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on bills related to senior and disability property tax relief, with a focus on helping older adults and people with disabilities remain in their homes. Testimony supported H. 3968, which would make certain senior and disability property tax exemptions permanent so eligible residents would not have to refile annually, and H. 3198, which would expand the senior circuit breaker tax credit by indexing income and credit limits to cost of living and raising the home valuation cap from $1.1 million to $1.5 million. Representative Scanlan also testified in favor of several additional bills, including a local option motor vehicle excise tax exemption for low-income seniors and veterans, a local property tax cap for low-income seniors, an expanded senior property tax exemption, and a senior property tax deferral program designed to be revenue neutral over time. Witnesses from the City of Boston, the Massachusetts Municipal Association, and the Massachusetts Association of Assessing Officers generally supported local-option property tax relief measures and said they would help seniors age in place while giving municipalities flexibility. Committee members raised concerns about possible abuse or fraud if exemptions became permanent, and about how assessors would verify continued eligibility without annual reapplication. Supporters responded that eligibility could still be tied to real estate transactions and other documentation, and that the current annual filing requirement causes many eligible seniors to miss out on benefits. Mass Senior Action Council members testified that many seniors are struggling with rising property taxes, insurance, and other costs, and urged broader reforms such as freezing assessed values, improving outreach, strengthening the work-off program, and allowing more flexible payment or deferral options. No votes were taken; the hearing concluded after testimony and questions.

Transcript Highlights:

• There's a very clear delineated section that talks about setting forth a valuation.
• And that valuation is subject to a hearing and an order by the court.
• <01:09:02.000> And<01:09:02.239> that setting forth a valuation.
• And that setting forth a valuation.
• <01:09:16.480> after that is a court-ordered valuation after that is a court-ordered valuation

Keywords: Meeting Start: 00:00:00 Roll Call: 00:00:01 Kentucky’s Justice Reinvestment Initiative – Domestic Violence: 00:02:00 Uniform Partition of Heirs Property Act: 00:46:41, 958, all

Summary: The Interim Joint Committee on Judiciary approved the minutes from its July 24, 2025 meeting and heard an announcement about a lunch sponsored by the Kentucky State Buildings and Trades Council on forming a blue-collar caucus. The main presentation came from the Council of State Governments’ Justice Center on the Kentucky Justice Reinvestment Initiative’s domestic violence work, which was described as a multi-year effort begun in 2023 to analyze data and interview stakeholders across the state. Presenters reported that domestic violence is widespread in Kentucky, with about half of adults experiencing some form of violence or stalking in their lifetimes, and that an average of about 22,000 IPV incidents occurred annually from 2018 to 2022. They said domestic violence is a major driver of violent crime, accounting for about 48% of person offenses over a six-year period, and is linked to significant shares of homicides, sex crimes, kidnapping, aggravated assault, and simple assault. They also said reported incidents and arrests have risen in recent years, that protective-order violations and convictions have increased, and that Kentucky ranks near the bottom among surrounding states in the share of victim compensation for domestic-violence-related claims. Law enforcement survey results showed strong adoption of model policies and guidance, but limited use of screening tools for serious injury risk. The presenters emphasized that domestic violence also places heavy demands on law enforcement, courts, and corrections, citing roughly 30,000 law-enforcement responses in 2022 and noting that more than a third of people entering DOC custody and nearly a third under supervision had DV-related histories. They said a small group of repeat offenders drives ongoing harm and that targeted interventions could reduce recidivism. They highlighted a North Carolina example in which focused intervention reduced IPV-related homicides and calls for service, and they referenced Kentucky’s 2020 assessment recommendations on training, language access, protective-order service, and coordination with victim services and batterer intervention providers. They estimated that a 25% reduction in reported DV incidents could prevent nearly 5,000 victimizations annually and reduce DOC commitments and costs substantially. Committee members asked about the relationship between civil domestic violence petitions and companion criminal cases, and the presenters said they would check whether the data could answer that question. Members also discussed recent Kentucky legislation, including Senate Bill 319 on crime victims compensation and House Bill 38, which made a third domestic violence offense a Class D felony. Several members thanked the presenters and advocates, and one member raised concerns about service of process and recent violent incidents involving domestic violence-related warrants, prompting discussion of dedicated service units in larger jurisdictions and the resource limits faced by smaller agencies.

Transcript Highlights:

• House Bill 3006, an act relative to the valuation of long-term residences.
• maintenance of private roads in the city of Gloucester, Senate Bill 2596; an act relative to the valuation
• maintenance of private roads in the city of Gloucester, Senate Bill 2596; an act relative to the valuation
• House Bill 3006, an act relative to the valuation of long-term residences.

Keywords: 995, all

Summary: The House opened with the Pledge of Allegiance and then took up several Rules Committee reports. Members adopted resolutions congratulating Auburn on the 100th anniversary of the world’s first liquid-fueled rocket launch and welcoming Boston’s new National Women’s Soccer League team, the Boston Legacy, to Massachusetts. The House also adopted orders extending the reporting deadlines for the Committee on Revenue on two House documents into 2026. The chamber suspended joint rules to allow several petitions to proceed, including proposals on social media regulation for minors, a sick leave bank for a Department of Children and Families employee, retirement credit for a probation employee, taxation of certain foreign government pension benefits, and naming the American lobster the official crustacean of the Commonwealth. The Steering, Policy and Schedule Committee then listed bills for consideration, including measures on private road maintenance in Gloucester, property valuation and assessment fairness, municipal tax collectors, preservation of historic resource information in community preservation funds, and Salem liquor license changes. The House advanced those bills through second and third readings, then passed to be enacted local bills involving compensation for a Revere widow, a Wellesley senior tax deferment change, and a Hopkinton library trustees charter amendment. It also engrossed a bill directing the Boston Police Department to waive the maximum age requirement for a specific applicant, Edney Joseph. The session ended with a moment of silent tribute to Adrian Dolan of South Boston and an order to adjourn until the next Thursday morning in informal session.

Transcript Highlights:

• You know, this will be reflected in the next year's valuation.
• Uh but just using that to valuation.
• The health insurance trust grew to where, as of last year's valuation, it was at 80.4%.
• I mean, that fluctuates. >> That's the valuation for the year ending June 30th, 2027.
• >> That's they're expecting the valuation >> That's they're expecting the valuation

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:08:10, 958, all

Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.

Transcript Highlights:

• We were finally able to get an agreement from the department with the use of the assessor's valuations
• Now that we got the agreement for them to use the assessor's valuation, I know there are two specific
• parcels that they've gotten valuations on, and they're ready to move forward.
• Have you ever challenged the assessor's valuation on these properties? Mr. Chairman, to date, no.
• The land grant did seek the exemption for those valuations.

Transcript Highlights:

• So one of the little catches here is that when we apply these assumptions, it'll be for a future valuation
• That would give a chance for them to finish up the current valuation, which came out fairly recently.
• That would give a chance for them to finish up the current valuation, which came out fairly recently.
• Would give a chance for them to finish up the current valuation, which came out fairly recently, to get
• out to an organization that has a repository of nationwide all the plan benefits, all the plan valuations

Summary: The committee approved the July minutes and then received an informational presentation from the Office of the State Actuary on the financial condition of the state retirement systems. The actuary reported that employer contribution rates are generally declining, helped by strong investment returns and reduced funding for PERS 1 and TERS 1, while funded ratios have continued to improve; on a combined basis the plans were reported at 100% funded in 2024, with open plans above 95% and legacy plans varying by system. The presentation also reviewed projected rates and funded ratios under current assumptions, noted that pension costs are taking a smaller share of the state general fund, and discussed risks from investment volatility, policy changes, and demographic experience. Committee members asked about savings from lower rates, deferred asset smoothing, and how Washington compares with other states. The committee then considered the state actuary’s recommendation on long-term economic assumptions and adopted all four recommendations by roll call votes: inflation at 3.0%, general salary growth at 3.5%, membership growth for Plan 1 funding at 1.0%, and investment rate of return at 7.25%. The actuaries explained that the inflation and salary growth increases were driven largely by higher long-term inflation expectations, while the investment return recommendation matched the current statutory assumption. Members discussed the timing of the Pension Funding Council’s decision, the effect of tariffs and inflation uncertainty, and how assumption changes would affect future contribution rates and budgets, particularly for open plans. Staff then gave an update on the LEOFF 1 study, explaining the difference between being “ahead of schedule” and truly overfunded, and summarizing responses received from DRS, the State Treasurer, and the State Investment Board on the merger and restatement proposals. DRS said both bills could be administered, though the merger bill’s COLA banking provision would be challenging until its new system is ready; the Treasurer urged caution, especially about the restatement bill and the use of one-time funds; and the Investment Board said removing assets from the trust would have some transaction costs but likely small impacts. The committee discussed whether to invite additional agencies and local government groups to testify, and staff said more responses, including from Ice Miller and the State Actuary, were expected for the October meeting. Finally, the committee heard a briefing on PERS 1/TERS 1 COLA policy and related bills from the last session. Staff reviewed the committee’s prior ongoing COLA recommendation, the SCPP-endorsed bills that would have created a one-time 3% COLA followed by an ongoing COLA, the Senate merger bill, and a separate ad hoc COLA bill. Public testimony largely supported Plan 1 COLAs and stable contribution rates, while several speakers urged caution about transferring LEOFF 1 surplus assets or merging legacy plans, and others raised concerns about climate risk and the pension fund’s investments. No further committee action was taken on the COLA item during this portion of the meeting.

Transcript Highlights:

• Uh, and then the tax valuation will go up whenever they sell it, move out of it, go to a nursing home
• Uh, and then the tax valuation will go up whenever they sell it, move out of it, go to a nursing home
• Uh, and then the tax valuation will go up whenever they sell it, move out of it, go to a nursing home
• > up<00:10:12.160> whenever<00:10:12.560> they<00:10:12.720> sell valuation
• will go up whenever they sell valuation will go up whenever they sell it,<00:10:13.200> move<

Keywords: Meeting Start: 00:02 Attendance Roll Call: 00:06 SB 10 (Sen. McDaniel): 00:56 SB 51 (Sen. Nemes): 08:30 Adjournment: 17:23, 958, all

Summary: The Senate State and Local Government Committee met and first considered Senate Bill 10, a proposed constitutional amendment to restrict the governor’s pardon power during the 60 days before a gubernatorial election and until a new governor is sworn in, effectively limiting pardons for 90 days in a four-year term. Sponsor Senator McDaniel argued the measure was a response to abuses of the pardon power and said it would force accountability before voters. Senator Herron raised a concern about a possible chilling effect on pardons but supported the bill after asking about the historical example cited. The committee voted unanimously 11-0 to pass the bill with favorable expression. The committee then took up Senate Bill 51, which would freeze property tax assessment increases for homeowners age 65 and older who reside in their homes, with the assessment resuming if the home is sold, vacated, or the owner moves to a nursing home or with family. Senator Neis described the bill as relief for seniors on fixed incomes facing rising property taxes, and he walked through the fiscal impact as a budgeted-revenue issue rather than an actual loss of current revenue. Several members spoke in support, saying constituents frequently raise concerns about being priced out of their homes and that the bill would help seniors remain in their communities. During the roll call on SB 51, Senator Chambers Armstrong said he wished the bill were means-tested but supported it because of its importance to low-income seniors; Senator Bledsoe also explained his support, citing senior homeowners in Fayette County; and Senator McDaniel said it complemented broader housing efforts and should go to the people for a vote. The committee reported SB 51 with favorable expression, then adjourned.

Transcript Highlights:

• are determined, the current law reads that the property valuations cannot exceed $1,000 in difference
• Essentially, it'll allow for better valuation exchanges.
• It'll allow for better valuation exchanges and better notification across the board.
• Essentially, it'll allow for better valuation exchanges.
• It'll allow for better valuation exchanges and better notification across the board.

Keywords: 908, all

Summary: The Senate opened with prayer, the pledge, and a quorum call, then took up House amendments to Senate Bills 2009, 2147, and 2113. On motion, the Senate refused to concur in the House amendments and appointed conference committees for each bill. The chamber then considered several House bills, adopting amendments and passing House Bill 1556, which creates a Children's Cabinet work group to study out-of-home placement and treatment for children with behavioral health issues, and House Bill 1363, which directs development of a customizable cardiac emergency response plan template for schools and athletic events. House Bill 1533, requiring students to complete a half-unit of financial literacy for graduation, also passed after amendment. House Bill 1226, dealing with masks in public places and protest-related identification concerns, passed after the Judiciary Committee removed language about complying with law enforcement requests to unmask.

Transcript Highlights:

• The first one would be, the state aid is that not going to kick in once that valuation came about and
• Do you know are they going to be made whole through state aid for that valuation loss?
• Busted, that valuation plummeted, and those taxpayers had to foot the bill.
• The state is about to cause more problems whenever we lower our valuations from 3 to 1% and possibly
• Are we going to make every single school district whole when their valuations plummet and most of them

Bills: HB3044, HB3465, HB3625, HB3704, HB3759, HB3920, HB3972, HB4191, HB4311, HB4426

Keywords: veterans, tax refund, Oklahoma Department of Veterans Affairs, capital improvement, donations, Oklahoma Emission Reduction, incentive, taxation, environment, revenue, investment, school funds, treasurer, education funding, financial policy, income tax, scholarship, tax credit, Oklahoma Tax Commission, school funding

Transcript Highlights:

• We left one off, and that is the valuation exclusion increase for disabled veterans.
• Okay, that the, uh, Senator Rest, that's the property tax valuation. Yes. Okay, yeah.
• > for valuation exclusion increase for valuation exclusion increase for disabled<01:02:20.520>
• valuation. Yes. valuation. Yes. >> Okay,<01:02:30.360> yeah.
• , the, um, valuation exclusion, the, um, valuation exclusion, um, um, um, for for for disabled<01

Keywords: 1187, senate, all

Transcript Highlights:

• And so even though their valuation grew enough to make them eligible, because they weren't at that 60
• It was the change in valuation from the estimate to the actual.
• That was not an approved reason to get gap funding because of that change in valuation.
• So next year they can actually go up 4% if their valuation allows that.
• If the increase in their valuation allows that.

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:

• So that's equalized valuation per pupil.
• So the median family income and the equalized valuation per pupil.
• And again, the language of using the median, the equalized valuation per pupil.
• um, the valuation and everything else. um, the valuation and everything else.
• valuation question still exists. valuation question still exists.

Keywords: 1189, house, all

Transcript Highlights:

• The bill ties valuation to the federal estate tax standard under Internal Revenue Code Section 2031.
• The<00:40:32.760> bill<00:40:32.960> ties<00:40:33.240> valuation<00:40:33.800><
• <00:40:42.440> at<00:40:42.640> death one-time valuation at death one-time valuation
• accounting, appraisals, valuation accounting, appraisals, valuation specialists,<00:41:34.600>
• restructuring to obtain valuation restructuring to obtain valuation discounts<00:42:04.040> for

Keywords: 919, house, all

Summary: The committee heard presentations on two tax bills: House File 4123, by Representative Agbaje, would expand Minnesota’s net investment income tax to include certain business income, especially income from S corporations and LLCs not subject to federal self-employment taxes, while keeping the current rate and million-dollar threshold; she said it would raise an estimated $88.7 million next year. House File 4616, by Chair Gomez, would impose a 1% annual tax on fortunes above $10 million. Gomez framed the bill as a response to growing wealth inequality and argued that wealthy households and large fortunes should contribute more to public services, while Agbaje said her bill would broaden the tax base and help meet state needs. Public testimony was sharply divided. Supporters, including Nan Madden of the Minnesota Budget Project, Erica Mominee of the Minnesota Association of Professional Employees, Lauren Richards, and teacher Kristen Sinicariello, said the bills would help address wealth and income inequality and provide needed revenue for public health, education, and other public services. They pointed to federal tax cuts for high-income households, cuts to Medicaid and SNAP, and strains on state agencies and schools. Richards said small businesses already pay more than large corporations like Amazon, and Sinicariello argued that higher revenue would support classrooms and help equalize opportunity. Opponents, including Brian Cook of the Minnesota Chamber of Commerce, Dalton Danielson of the Minnesota Business Partnership, and John Beschi of NFIB Minnesota, warned that both bills would hurt business competitiveness and investment. They argued that HF 4123 would effectively create a new higher tax tier for pass-through businesses and that HF 4616 would be difficult to administer, could force sales of illiquid assets, and could discourage entrepreneurship and capital investment. No votes or final committee action were taken in the portion of the meeting provided; the committee moved through bill presentations and public testimony before member discussion.

Transcript Highlights:

• When land qualifies as agricultural, it receives a special valuation based on agricultural lease rates
• Agricultural real property includes both the land and the improvements, so that agricultural valuation
• So that agricultural valuation formula would apply to the entire property instead of just the land.
• There is also a technical issue in how income-based valuation works.
• So replacement costs for tax valuation and you have an old barn and old corrals and stuff, it's really

Bills: HB2014, HB2031, HB2078, HB2102, HB2103, HB2117, HB2261, HB2262, HB2264, HB2278, HB2428, HB2494, HB2756, HB2758, HB2762, HB2782, HB2932, HB2933, HB2986

Keywords: air emissions, fuel blends, environmental quality, feasibility study, Arizona Department of Agriculture, water rights, groundwater, Willcox, active management area, certificate of grandfathered rights, Arizona legislature, aggregate mining, reclamation plans, environmental protection, public safety, land use, domestic water, improvement district, water delivery, water hauling

Summary: The committee began with an informational presentation from Gordon Shemp of Nemecu Analytics on Arizona transportation fuel supply and pricing. He explained that Arizona sits at the end of the pipeline system, relies on limited terminal inventories, and can experience only about a seven-day fuel supply if pipelines are disrupted. He attributed recent price spikes to constrained pipeline capacity, Kinder Morgan pressure reductions after PHMSA anomaly reviews, and recovering demand, and he also discussed California refinery closures, increased imports from overseas, and proposed new pipeline capacity into Phoenix from the east. Committee members asked about fuel formulations and pipeline logistics, and Shemp said the proposed project would not change fuel specifications, only transport capacity. The committee then took up House Bill 2758, which would allow eligible entities in La Paz County’s McMullen Valley groundwater basin to transport groundwater to AMAs under specified limits and conditions, with related provisions on fees, districts, and water improvement programs. Supporters, including Stan Barnes, Jim Downing, and Barry Arons, argued the bill follows the Harquahala model, provides needed augmentation for urban Arizona, and includes local benefits and guardrails. Opponents, including La Paz County Supervisor Holly Irwin, Devonna Sater, and Ed Curry, said the bill would worsen groundwater decline, subsidence, and well failures in Salome and Wenden and favored outside investors over rural residents. After debate, the committee approved HB 2758 on a 4-3 vote. The committee also heard and advanced several other water-related bills. HB 2031, extending the deadline to apply for grandfathered groundwater rights in the Wilcox AMA from 15 to 27 months, passed 5-2 after some members said the extension was unnecessary and would delay protections. HB 2102, allowing county improvement districts in subsequent AMAs or groundwater transportation basins to use eminent domain for a well and standpipe site and water hauling, passed 4-3 after Sierra Club testimony called it a limited “band-aid” rather than a real solution. HB 2103, which would let water improvement programs accept gifts and dedicate groundwater transportation fee revenue to local residential water hauling and delivery, also passed 4-3. HB 2117, a technical cleanup bill shifting Environmental Special Plate Fund administration to the Natural Resource Conservation Board and raising education-center distributions from $5,000 to $10,000, passed 5-2 despite concerns about the fund’s administration. The committee then considered HB 2261, which changes agricultural property tax terminology and valuation rules. County assessors and the Arizona Association of Counties opposed it, warning it would effectively exempt many agricultural improvements from taxation and shift costs to residential taxpayers; the Arizona Farm Bureau supported it as a clarification that would provide certainty for agriculture. The bill passed 4-3. Finally, HB 2262, transferring the Resource Analysis Division from the State Land Department to the Arizona Geological Survey and revising geospatial advisory responsibilities, was introduced, with State Land Department staff saying they were neutral but noting the bill would need clearer statutory duties if RAD is removed.

Transcript Highlights:

• Currently, a homeowner can lose the statutory limitation on valuation, which is the 3% cap increase,
• changed any improvements, what this bill does is it removes zoning changes as a reason to lift the valuation
• Currently, a homeowner can lose the statutory limitation on valuation, which is the 3% cap increase,
• What it does is it removes zoning changes as a reason to lift the valuation cap.
• So if a home is still being used as a home, the homeowner should not be facing any sudden valuation spike

Keywords: 996, all