Video & Transcript : 'job creation' :
Page 72 of 500
TX
Transcript Highlights:
- HB 112, by Button, relating to the creation and operation of science park districts in certain counties
- HB 1268, by Button, relating to the creation of the Texas Technology and Innovation Program, referred
- HB 1278, by Schoolcraft, relating to the creation and funding of personal charter academies which are
- HB 1302, by Raymond, relating to the creation of the Alzheimer's Prevention and Research Institute of
- HB 1329, by a suit, relating to the creation of additional judicial districts composed of Brazoria County
Summary:
The House met to read a large slate of newly filed bills and resolutions and refer them to committees. The measures covered a wide range of topics, including health care and insurance, public education, elections, criminal justice, public safety, taxes, transportation, agriculture, environmental regulation, higher education, housing, and local government. Several proposals focused on abortion and reproductive health, firearms, voter registration and ballot access, school curriculum and accountability, property tax and homestead issues, and state contracting and agency oversight. A number of constitutional amendments were also filed, including proposals on initiative and referendum, veto override authority, vaccination refusal, parental rights in education, gun rights, Medicaid expansion, and various tax exemptions.
No substantive debate, testimony, or votes occurred during this portion of the meeting; the clerk simply read the bills and resolutions and announced their committee referrals. The list included both general legislation and joint resolutions, with many items sent to standing committees and several to subcommittees. The House then adjourned without objection until 2 p.m. on Tuesday.
TX
Transcript Highlights:
- Mary's University, which has done a tremendous job. But we see that students in the.
- creation that actually has the potential for or stackable kind of credentials.
- These are the jobs that we need to train. These are low-budget. Barrier high return jobs.
- And you catch them and you say, hey, have you thought of this job on set or that job on set?
- Thank you, sir, sir, please sure, I mean, Jody did a great job. of laying the foundation.
Bills:
HB232
Committee:
House Higher Education
Keywords:
disaster recovery, natural disaster, weather disaster, emergency relief, flood relief, hurricane relief, storm damage, wildfire, tornado, hail, windstorm, extreme heat, ice storm, snowstorm, property damage, personal injury, temporary housing, relocation assistance, lost wages, state emergency management
TX
Transcript Highlights:
- This has become my new job. I lost my 19 year old son three years ago on April 4th of 2022.
- These are the jobs that we need to train. These are low barrier, high return jobs.
- And you catch them and you say, hey, have you thought of this job on set or that job on set?
- Well, maybe they love movies, but they don't know all these jobs are there. We can train them.
- Uh, sure, I mean, Jody did a, did a great job, uh. Laying the foundation.
Bills:
HB232
Committee:
House Higher Education
Keywords:
disaster recovery, natural disaster, weather disaster, emergency relief, flood relief, hurricane relief, storm damage, wildfire, tornado, hail, windstorm, extreme heat, ice storm, snowstorm, property damage, personal injury, temporary housing, relocation assistance, lost wages, state emergency management
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration Mar 18th, 2025
Transcript Highlights:
- And while I was always grateful for having a relatively good job for my age, I had PTO.
- And while I was always grateful for having a relatively good job for my age, I had PTO.
- The agenda does a good job in noting some of the oversight considerations that that raises.
- loss of 98,000 jobs.
- out of California in reach... ...and drive thousands of jobs out of California.
Summary:
The subcommittee held an informational budget hearing covering several GovOps, CDT, CPPA, and DGS items. GovOps reported that most deliverables under the Governor’s generative AI executive order have been completed, including guidelines, procurement tools, community-impact guidance, and a new project delivery lifecycle for Gen AI projects; one workforce-related deliverable remains. Members and public commenters raised concerns about privacy, labor impacts, and how the state will explain and oversee Gen AI use. The committee also heard a proposal to create a California Education Interagency Council with $5 million ongoing and 16 positions to coordinate workforce and education systems; LAO questioned duplication and recommended limited-term funding, while supporters said a neutral convening body is needed to improve coordination and student outcomes.
GoServe presented the College Corps budget proposals, describing the program as a paid service and career-development opportunity for undergraduate students that helps reduce college costs while supporting communities through tutoring, food insecurity work, climate and disaster response, and other service. The administration sought one-time and ongoing funding to expand the program to more campuses and students, while LAO objected to the high administrative costs and recommended rejection. Several students and alumni testified that College Corps provided financial support, professional experience, and career pathways. The committee also heard a $5 million proposal for a Belonging Campaign to address loneliness and social isolation through research, outreach, and local grants; LAO said the proposal lacked clear goals and measures, while supporters said the effort is needed for youth, seniors, and community resilience.
The Department of Technology updated the Middle Mile Broadband Initiative, saying construction is underway on the statewide open-access network and the project remains on track for the 2026 deadline, though LAO noted a required business plan had not yet been submitted. The California Privacy Protection Agency presented its Delete Act implementation request for the DROP platform, which will let consumers request deletion of personal information held by data brokers; LAO flagged oversight concerns because CDT is both developing the system and involved in project support. Public commenters from business groups urged caution on CPPA’s rulemakings, warning of compliance costs and job impacts.
The Department of General Services then discussed implementation of Proposition 2 school facilities bonds, requesting staffing and administrative funding to manage the new bond program and continue school facility work. Officials said the program can also help districts affected by the January wildfires, including interim site funding and expedited assistance. Finally, DGS requested authority and positions to operate Building 18 for labor-agency tenants relocating from older Capitol Mall space; SEIU Local 1000 criticized the state’s four-day return-to-office policy and said telework has improved productivity and retention. No formal votes were taken; the hearing concluded after public testimony and member questions on each item.
MN
Minnesota 2025-2026 Regular Session
Committee on State and Local Government - 02/11/25
State and Local Government
Transcript Highlights:
- Thieves are very diverse in their creation or the implementation of their crime networks.
- </c><00:49:12.599><c> or</c><00:49:12.839><c> the</c> their um uh creation or the their um uh creation
- Thank you. so it's our job to have the most most so it's our job to have the most most thorough<00:50
- </c><01:11:57.520><c> of</c> General is actually doing their job of General is actually doing their job
- </c> you you both have done a really good job you you both have done a really good job putting<01:16:
Committee:
Senate State and Local Government
FL
Transcript Highlights:
- These numbers are massive, but it's our job as appropriators to make sure that the numbers that are going
- In my experience, and I was present at the creation of Medicaid managed care—perhaps we should have strangled
- the baby in the cradle, but I was present at the creation—and in my experience, a lot more money...
- ...the creation.
Committee:
Senate Health Policy
Summary:
The Health Policy Committee heard and advanced several health-related bills. SB 1546 on background screening for athletic coaches was explained as another extension of the deadline for coaches to be added to the background screening clearinghouse; it passed favorably with support from athletic and youth sports organizations. SB 958 on type 1 diabetes early detection was amended to match the House version, requiring the Department of Health to provide school districts, school boards, and charter schools with informational materials for parents; it was reported favorably as a committee substitute. CS/SB 1070 on electrocardiograms for student athletes drew extensive discussion about sudden cardiac arrest prevention, implementation timelines, costs, funding through private and public sources, and whether insurance, KidCare, or Medicaid should cover screenings; after supportive testimony from school and athletic groups, it was reported favorably as a committee substitute.
The committee also heard SB 1060, which would create a joint legislative oversight committee for Medicaid managed care to review encounter data, financials, audits, and rebate calculations with assistance from an actuary and the Auditor General. The sponsor and several senators framed it as a transparency and verification measure in response to large mid-year Medicaid funding increases and concerns about network adequacy and vertical integration; it passed favorably. CS/SB 944, which shortens the insurer overpayment recovery look-back period for claims involving psychologists from 30 months to 12 months, also passed favorably with support from the Florida Psychological Association. SB 1370, moving ambulatory surgical centers into their own statute rather than under hospital licensure provisions, was supported by surgery center representatives and reported favorably.
The committee approved SB 768, as amended, to narrow the foreign-country-of-concern licensure attestation for health care entities to direct controlling interests and clarify the “reasonable efforts” standard; it passed after questions about how the standard would work in practice. SB 1544 on opticianry prompted significant debate over whether the bill would limit nonlicensed staff in ophthalmology and optometry settings; after a proposed amendment was withdrawn and multiple witnesses spoke both for and against, the bill was temporarily postponed. Finally, the committee adopted a strike-all amendment to SB 1808 requiring health care practitioners and facilities to refund patient overpayments within 30 days, with enforcement through AHCA fines or professional discipline, and then reported the bill favorably.
FL
Transcript Highlights:
- And then if you're going to a new job and you're 45, there could have been some serious medical changes
- And you've done a great job with your bill doing that. And I want to thank you for bringing it.
- And you've done a great job with your bill doing that. And I want to thank you for bringing it.
- And maybe that's a problem; maybe it's a creation of, you know, our own creation of a demon, I guess.
- And our job is to try to address those. And this is no exception to that.
Committee:
Senate Community Affairs
Keywords:
firefighter disability, law enforcement disability, correctional officer disability, correctional probation officer, presumptive disability, workers' compensation, line of duty presumption, heart disease presumption, hypertension presumption, tuberculosis presumption, public safety employees, first responders, physical examination, preemployment exam, medical specialist, Medicare reimbursement, employing agency, Florida Statutes 112.18, Florida Statutes 943.13, occupational disease
Summary:
The committee took up several bills related to public safety, housing, disaster recovery, construction, and land use. SB 330 clarified the heart disease presumption for firefighters, law enforcement, and correctional officers, aligned the definition of heart disease with medical practice, and allowed a transferring law enforcement officer to rely on a prior physical if the new agency does not provide one. An amendment stating the act serves an important state interest was adopted, and the bill passed unanimously after supportive testimony from law enforcement and fire groups. SB 594 expanded local housing assistance eligibility to residents of mobile home communities, including SHIP rental assistance for lot rent and rehabilitation/emergency repair programs for the home itself; it also passed unanimously after support from manufactured housing advocates.
SB 840 revised the hurricane-related land use limits enacted in prior legislation by sunsetting certain temporary restrictions on June 30, 2026, narrowing the affected area from 100 miles to 50 miles from a storm track, and exempting certain planning, water, wastewater, stormwater, and flood-related decisions. The sponsor said the bill was intended to fix unintended consequences of prior hurricane recovery legislation, and the measure was reported favorably on a unanimous vote. SB 526 addressed commercial construction projects by prohibiting “no damages for delay” clauses in public construction contracts, directing the Florida Building Commission to create a uniform commercial permit application, requiring permit fee reductions when private providers are used, and adding mitigation to product approval categories; county representatives raised concerns about implementation and fees, but the bill passed favorably.
The committee also approved SB 504 and SB 506, both by Senator Burgess, creating a framework for code inspector body camera use and a related public records exemption for recordings. Both were described as optional for local governments and were reported favorably without opposition. Finally, the committee considered CS/SB 354, a major “blue ribbon projects” bill creating a framework for very large developments that would reserve at least 60% of land for conservation, agriculture, recreation, utilities, and related uses in exchange for streamlined approval and state preemption over local land use controls. The bill drew extensive testimony both for and against, with supporters emphasizing housing supply and land preservation and opponents warning about local control, sprawl, infrastructure costs, and weak conservation protections. Two amendments were adopted to define reserve areas more specifically and address conservation easements, and the committee reported the bill favorably on a divided vote, with Senator Passidomo voting no.
FL
Transcript Highlights:
- And then if you're getting, going to a new job, and if you're 45, there could have been some serious
- And you've done a great job with your bill doing that. And I want to thank you for bringing it.
- And you've done a great job with your bill doing that. And I want to thank you for bringing it.
- And maybe that's a problem, maybe it's a creation of, you know, our own creation of a demon, I guess,
- And our job is to try to address those. And this is no exception to that.
Committee:
Senate Community Affairs
CA
California 2025-2026 Regular Session
Assembly Agriculture Committee Jul 2nd, 2025
Transcript Highlights:
- important, and sometimes overlooked in the discussion, is bringing opportunities to communities such as job
- creation and... ...opportunities to communities such as job creation and economic vitality, especially
- , I think, a win-win for everyone: we get to feed our children healthier options, we get to create jobs
- Twenty years as a local council member, always helping them bring in jobs to my community, and this is
- about the process and how quickly things will happen for our fair managers, because it is a really big job
Summary:
The Assembly Committee on Agriculture heard three bills. SB 18 by Senator Rubio would create a Food Desert Elimination Grant Program at CDFA to help open or improve grocery stores in food desert communities. Supporters said it would improve access to healthy food, create jobs, and help underserved neighborhoods; opponents argued it could favor large chains, lacked community input and accountability, and should better prioritize tribal, BIPOC-owned, and community-led retail. Committee members raised concerns about population thresholds, community engagement, and long-term commitments, and the author said the bill could be strengthened with guardrails. SB 18 passed 7-0 and was sent to Appropriations.
SB 312 by Senator Umberg would require out-of-state shippers of dogs to electronically submit health certificates to CDFA and make them available to buyers and enforcement agencies, aiming to improve consumer protection and traceability in the puppy import pipeline. Supporters from animal welfare and humane organizations said the bill would help stop sick or misrepresented puppies from entering California and give investigators a central record. Members asked about privacy and enforcement, and the author indicated amendments could address consumer privacy concerns. The bill passed unanimously and was sent to Appropriations.
SB 493 by Senator Becker would change how compensation is set for secretary managers of district agricultural associations and fairgrounds, shifting salary-setting authority to CDFA and requiring periodic salary surveys. Supporters said fairgrounds are critical emergency-response and community facilities and that the bill would help recruit and retain qualified leaders with fairer pay. Some members expressed concern about local control and appointment delays, but clarified the bill only addressed salary, not appointments. SB 493 also passed unanimously and was sent to Appropriations.
FL
Florida 2025 Regular Session
Education Pre-K - 12 Feb 18th, 2025
Transcript Highlights:
- WE NEED TO REALLY PROMOTE THIS IN THIS WILL PROVIDE GRANTS FOR THAT CREATION IS EXTREMELY EXPENSIVE TO
- THERE IS A PLACE FOR EMPLOYEES WITH AUTISM IN THE WORKFORCE AND PRODUCTIVE JOBS.
- ONE OF THE MOST IMPORTANT THINGS IN THE LIFE OF A PERSON WITH AUTISM IS TO GET A JOB.
- EVEN WHEN INDIVIDUALS WITH AUTISM GET A JOB, IT'S HARD FOR THEM TO KEEP THE JOB BECAUSE THEY HAVE DIFFICULTIES
- SO WORKING TOWARDS GETTING A JOB IS GOING TO REDUCE THE COST AND IMPROVE OUTCOMES. THANK YOU.
TX
Transcript Highlights:
- Mary's University, which has done a tremendous job. But we see that students in the.
- And you catch them and you say, hey, have you thought of this job on set or that job on set?
- Well, maybe they love movies, but they don't know all these jobs are there. We can train them.
- Thank you, sir, sir, please sure, I mean, Jody did a great job. of laying the foundation.
- Without housing, youth and young adults struggle to focus on at school or find a job.
Bills:
HB1784 , HB2088 , HB3062 , HB3475 , HB3741 , HB4279 , HB4763 , HB5154 , HB5294 , HB5508 , SB1401 , HB232 , HB232
Committee:
House Higher Education
Keywords:
students, homeless, foster care, higher education, liaison officer, housing assistance, transition support, law school, Rio Grande Valley, legal education, public university, accreditation, fentanyl prevention, drug poisoning awareness, mental health resources, substance abuse education, El Paso, university system, funding, public education
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 2 on Human Services Feb 25th, 2026
Transcript Highlights:
- No matter where you stand, no matter what your role is, our job is...
- No matter where you stand, no matter what your role is, our job is to make sure that we do the best that
- Prior to H.R. 1 and since the creation of SNAP, benefit costs have been 100% federally funded.
- Prior to HR1 and since the creation of SNAP, benefit costs have been 100% federally funded.
- Good job. You read that and made your time. Girl, I was worried there.
LA
Louisiana 2026 Regular Session
Transportation, Highways and Public Works Apr 7th, 2026
Transcript Highlights:
- Their wonderful support provides me the opportunity to do this job every day.
- Bond Commission—that is their job, that is their duty.
- With his death, deputies question all aspects of their job.
- Brenna, great job. I don't even know what to say.
- Yancey works in the office of the mayor and does an amazing job, keeps us up to date.
Summary:
The committee first heard House Bill 1157, which would create a Louisiana State Infrastructure Bank to provide another funding mechanism for transportation-related projects, including roads, bridges, rail, ports, airports, and other surface transportation needs. Chairman Borek and DOTD Secretary Glenn LaD said the goal is to leverage state, federal, local, and private dollars, using models from Florida and other states. Members asked about board makeup, staffing, project selection, administrative costs, and how the bank would differ from capital outlay and existing transportation programs. Testimony in support came from business and economic development representatives, including Michael Hecht of Greater New Orleans, Inc., who said infrastructure is critical to major economic projects and that the bank could attract outside capital. The bill was reported favorably without objection.
The committee then took up several local and procurement-related bills. House Bill 860, allowing fillable electronic public bid forms, was reported favorably. House Bill 972, naming a portion of Highway 93 in Lafayette Parish the Desert Shield Desert Storm Memorial Highway, and House Bill 965, naming a portion of Highway 163 the Sergeant William Billy Earl Collins Jr. Memorial Highway, were both reported favorably after brief testimony honoring veterans and law enforcement. House Bill 692, authorizing local governments to enter group purchasing agreements, was amended and reported favorably. House Bill 685, allowing use of FAST Act cooperative procurement for public motor vehicles and rolling stock, drew support from transit officials and was reported favorably after a roll call vote, with one member voting no.
The committee also advanced House Bill 982, which designates portions of highways in Morehouse Parish in memory of local residents killed in a crash after attending an LSU game; it was reported with amendments. House Bill 506, creating special prestige license plates for local high schools as a fundraiser, was amended and reported favorably. House Bill 839, lowering the contract limit for hospital service districts to use construction management at risk from $2 million to $1 million, was reported by substitute after testimony from hospital leadership and industry representatives. House Bill 1072, revising powers and emergency procurement authority for the Office of Louisiana Highway Construction, was amended and reported favorably after discussion about its relationship to DOTD and emergency repairs.
Finally, the committee heard House Bill 887, which revises construction management at risk procedures, including committee makeup, scoring, and financial qualification requirements; it was amended and reported favorably. House Bill 647, creating timelines and an annual application process for waterway projects under a waterway assistance program and fund, was reported by substitute. The last major item discussed was House Bill 873, which would fund pursuit intervention technology and training for law enforcement through a $2 fee on driver’s licenses. The bill was presented alongside emotional testimony from the widow and daughter of Sergeant Grant Candies and from a St. John the Baptist Parish sheriff’s captain, all urging safer equipment and better training for officers. Members expressed strong support, and the discussion continued into funding and grant administration details.
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-01-09 - 11:30AM
Vermont Senate Floor Meeting
Transcript Highlights:
- We have S. 226, an act relating to the creation of Vermont Sister State Program, introduced by Senators
- :06:24.960><c> the</c> We have S226, an act relating to the We have S226, an act relating to the creation
- 25.840><c> of</c><00:06:26.080><c> Vermont</c><00:06:26.880><c> Sister</c><00:06:27.360><c> State</c> creation
- of Vermont Sister State creation of Vermont Sister State Program,<00:06:28.639><c> introduced</c><00
- by</c><00:06:29.440><c> Senators</c><00:06:30.000><c> Clarkson</c> S. 226, an act relating to the creation
MN
Transcript Highlights:
- Jobs. As I mentioned, high-paying, high-skill jobs.
- Jobs.
- </c><01:12:33.280><c> creation</c><01:12:33.600><c> within</c> expansion and job creation within expansion
- and job creation within Minnesota.<01:12:35.120><c> It's</c><01:12:35.360><c> not</c><01:12:35.520><
- creation.
Committee:
House Taxes
Keywords:
taxation, pass-through entity, qualifying owner, partnership, S corporation, tax return, corporate franchise tax, individual income tax, research expenditures, federal compliance, Minnesota Statutes, income tax, corporate tax, section 179, federal conformity, HF3815, Minnesota taxes, tax conformity, Internal Revenue Code, IRC conformity
TX
Texas 89th Regular
Delivery of Government Efficiency Mar 12th, 2025
Delivery of Government Efficiency
Transcript Highlights:
- Again, that's not part of my job. I'm sorry I can't answer that.
- But again, how it's wrapped up into That is way beyond my job.
- I just hope that you find another job with another organization eventually.
- They did a great job of laying out the process.
- job than others.
Committee:
House Delivery of Government Efficiency
Keywords:
regulatory reform, government efficiency, administrative law, rulemaking, agency deference, judicial review, de novo review, Texas Government Code, Administrative Procedure Act, state agencies, plain language, regulatory burden, regulatory reduction, cost-benefit analysis, fiscal note, public benefits and costs, contested case, rule challenge, Texas Regulatory Efficiency Office, advisory panel
TX
Transcript Highlights:
- here in Austin for raising money to give equipment and obtain equipment so that we could do a better job
- And so the Legislature creates the... ...creation is never greater than the creator.
- He's really picked up some slack since I took the commission job, so I thank him for that.
- It's a job I find a lot of value in. I hope I provide value to the state in doing it.
- because they are difficult jobs, they're high-profile jobs, there's a lot of risk involved.
Committee:
Senate Nominations
Summary:
The Senate Committee on Nominations held its final nomination hearing of the session and considered three nominees: J.B. Goodwin for the Texas Real Estate Commission, Courtney Yaltman for the Public Utility Commission of Texas, and Thomas Gleason as PUC chairman. Goodwin described his long career in real estate and charitable work, and senators questioned him extensively about the Real Estate Commission’s self-directed, semi-independent status, housing affordability, institutional homebuyers, property insurance costs, disclosure issues, and the Burnett v. National Association of Realtors case. Yaltman and Gleason were questioned about PUC oversight of ERCOT, post-Winter Storm Uri reforms, utility resilience and vegetation management after Hurricane Beryl, water and telecommunications oversight, staffing and transparency, and rising infrastructure and utility costs.
Much of the discussion focused on housing and utility affordability, with several senators urging the nominees to keep consumer protection and public trust at the forefront. Goodwin said housing affordability and large-scale investment purchases were not within the Real Estate Commission’s direct purview, though he supported further study. Yaltman and Gleason said the PUC had increased oversight of ERCOT, improved communication and accountability with utilities, and was working on resiliency plans, rate-setting issues, and infrastructure planning while trying to avoid overburdening ratepayers.
The committee first voted to favorably report nominees left pending from the May 5 agenda by a 6-0 roll call vote. After public testimony was opened and closed, the committee then voted on the nominees heard that day and favorably recommended all three to the full Senate for confirmation by a 7-0 vote. The committee then recessed subject to the call of the chair.
NH
New Hampshire 2025 Regular Session
Joint Committee on Tax Expenditure Review (09/29/2025)
Transcript Highlights:
- Just to give a quick summary, last year we did the economic revitalization zone, Coös County job creation
- Just to give a quick summary, last year we did the economic revitalization zone, Coös County job creation
- Just to give a quick summary, last year we did the economic revitalization zone, Coös County job creation
- Two years ago, we did economic revitalization zone, Coös County job creation, community development finance
- </c> hands-on opportunities um at their job hands-on opportunities um at their job sites.<00:31:24.720
Summary:
The committee met to review tax expenditures, elect a chair and clerk, and hear updates on two credits due for periodic review: the career and technical education (CTE) center tax credit and the research and development (R&D) tax credit. Members first organized the meeting, then heard from Jennifer Ramsey of DRA, who explained the purpose of the tax expenditure review process and summarized the CTE and R&D credits. She said the CTE credit allows donations to CTE centers for a credit against business profits tax, is capped at 25% of a taxpayer’s liability, has a $500,000 aggregate limit, and was extended in SB 98 to fiscal year 2031. She also noted DRA could not provide detailed financial data because of statistical disclosure limits when too few taxpayers claim the credit. Committee members pressed for more historical and aggregate information, arguing they needed numbers to judge whether the credit is effective and worth continuing.
The committee then heard from Chrissy Vanderhook of the Department of Education on the CTE credit. She described New Hampshire’s CTE system as serving 26 secondary centers and seven post-secondary centers, with industry partners providing internships, work-based learning, equipment, employee time, and other in-kind support that can qualify for the credit. She said the department reports annually to legislative leaders and that fiscal year 2025 credit activity was down about 48% from FY24, partly due to staffing changes and outreach issues. Members asked whether the program extends to community college-level programs, and she said it can, though she was not sure how broadly it is used that way. The committee also discussed a new Granite Patron of the Arts credit, which DRA said went into effect July 1 and is included in the tax expenditure report even though it is not yet listed in the statute.
For the R&D credit, Ramsey explained that it offsets business profits tax and can carry forward to business enterprise tax, is based on incremental research spending, and currently has a $7 million annual aggregate cap. She said the cap has not yet been reached but could require proration as early as fiscal year 2026 if not increased. She noted there were 271 taxpayers claiming the credit in fiscal 2024 and that a proposal last session to raise the cap to $10 million and increase the per-company limit did not advance. Mark Liberty of BEA said the credit is an important recruitment and retention tool, especially for life sciences, aerospace, defense, and advanced manufacturing, but acknowledged BEA does not track direct revenue return. Andrea Hchvaria of New Hampshire Life Sciences argued the R&D credit is critical for startups and cited growth in applicants from 71 in 2008 to 248 in 2024, with qualified wages rising substantially over that period. Committee members repeatedly asked for more objective economic-impact data, but DRA said it only tracks who claimed the credit and the amount claimed, not broader business outcomes.
US
US Federal 2025-2026 Regular Session
Hearings to examine the nomination of Howard Lutnick, of New York, to be Secretary of Commerce. Jan 29th, 2025 at 09:15 am
Commerce, Science, and Transportation Committee
Transcript Highlights:
- A predictably excellent job, Leader Thune.
- Howard can certainly do the job, who hasn't just been wildly...
- creation?
- Like you, I want to keep these good-paying jobs here in America.
- So that's our job, to execute that.
VT
Transcript Highlights:
- Uh, that's a legislative job, not an executive branch job. So, that's gone.
- who also learned on the job.
- </c> also learned on the job. also learned on the job.
- ,</c><01:18:46.320><c> that's</c> do work over $10,000 in a job, that's do work over $10,000 in a job
- </c> number two it says expedite the creation number two it says expedite the creation of<01:23:53.200