Video & Transcript Research : 'deductions'
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NM
New Mexico 2026 Regular Session
House - Health and Human Services Feb 9th, 2026 at 08:38 am
House Health & Human Services
Transcript Highlights:
- House Bill 338, extending the GRT deduction for health care providers and expanding the deduction to
- then rely on targeted deductions to provide relief.
- The deduction was expanded in 2023 to an... ...organizations.
- The deduction was expanded in 2023 to include co-payments and deductibles.
- the deduction.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, May 21, 2025 - Part 2)
US Federal House Floor Meeting
Transcript Highlights:
- deduction and the death tax exemption.
- -made Cars can deduct their auto loan interest.
- and putting in place the research and development tax deduction.
- Malliotakis: We increased the state and local tax deduction, the standard deduction, and the child tax
- >> WE INCREASED THE STATE AND LOCAL TAX DEDUCTION, THE STANDARD DEDUCTION, THE CHILD TAX CREDIT
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jun 21st, 2026 at 10:00 am
Joint Committee on Revenue
Transcript Highlights:
- So that's why those two things kind of look different in terms of what those deductions are.
- And so that's why those two things work at the same level, and the 50% deduction at the federal level
- So after the corporation takes all deductions, pays rent, employees, everything, and pays taxes, then
- So when that income, already got all the deductions in that foreign jurisdiction, they take all the deductions
- This plan allows me to have lower premium, a lower co-pay, and no deductible.
Summary:
The Joint Committee on Revenue, chaired by Senator James Eldridge and Representative Adrian Madaro, opened its hearing with a moment of silence for the late Lowell State Senator Ed Kennedy and reviewed hearing procedures and deadlines. The committee then took testimony on several corporate tax bills, including S. 2033/H. 3110 on offshore tax avoidance, H. 3248 on a manufacturing tax exemption, H. 3057 on a tiered corporate minimum tax, and S. 2041 on a corporate tax haven blacklist, along with a separate business interest deduction bill. No votes were taken during the hearing.
Supporters of S. 2033/H. 3110, including labor unions, health care workers, educators, public health advocates, seniors, and several legislators, argued that Massachusetts needs new revenue to offset federal cuts to Medicaid, SNAP, health care, education, and other services. They said the bill would raise roughly $400 million annually by increasing the share of offshore profits included in the state tax base from 5% to 50%, and they framed it as a fairness measure that would require large multinational corporations to pay more while leaving most local businesses and workers unaffected. Testimony emphasized risks to MassHealth, PCA services, adult dental care, hospitals, schools, and public health programs if new revenue is not raised.
Opponents, including the Mass Taxpayers Foundation and the Council on State Taxation, argued the proposal is poor tax policy and likely unconstitutional because it would tax foreign-source income without allowing foreign tax credits or a comparable apportionment method. They said Massachusetts should take a broader, coordinated approach to federal tax changes rather than a standalone bill, and warned of litigation risk and possible double taxation. Supporters such as MassBudget and former tax counsel Don Griswold countered that the bill is a reasonable rough-justice approach, consistent with federal and neighboring-state treatment, and that it would primarily affect a small number of very large multinationals. On S. 2041, the Global Business Alliance opposed the proposed tax haven blacklist, while supporting a separate bill allowing business interest deductibility.
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Mar 24th, 2025
Transcript Highlights:
- We have Member Nguyen, item file item number four, AB 984, personal income tax deductions.
- And so AB 984 would again allow those contributions to be tax deductible.
- And so any tax-deductible bill... ...would be an immense benefit for our family to care for him.
- Is there any reason under your structure that you want to itemize under the deduction itself?
- Yeah, change it from a standard deduction. Yes.
Summary:
The Assembly Committee on Revenue and Taxation met and announced that, under its suspense-file rules, every bill on the agenda would be referred to suspense because each had a fiscal impact. The chair also reminded attendees to submit position letters in advance for inclusion in the bill analysis. A quorum was established and the committee then heard six bills, all of which drew support testimony and no opposition testimony in the room.
AB 814 would exempt law enforcement pensions from state income tax to encourage retired peace officers to remain in California and support recruitment and retention. AB 918 would create a targeted income tax exemption for pay earned by local first responders deployed under mutual aid during declared emergencies, with supporters saying it would help sustain disaster response and reward extraordinary service. Both bills were backed by police and public safety organizations and were referred to suspense.
AB 976 would create a nonrefundable tax credit for small retailers in disadvantaged communities to help pay for security equipment in response to retail theft and violence; members discussed whether the bill should be broader and how it related to Proposition 36 and crime policy. AB 984 would allow state tax deductions for contributions to CalABLE accounts, with testimony from CalABLE representatives and families describing the program as an essential savings tool for people with disabilities. AB 1282 would create a deduction for out-of-pocket medical expenses up to $5,000 through 2030, and AB 838 would raise California’s renter’s tax credit from $60/$120 to $2,000 for eligible filers. Each of these bills was also referred to the suspense file, and the committee then adjourned.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:00 am
Joint Committee on Financial Services
Transcript Highlights:
- They don't want to bill patients for deductibles.
- Deductibles are not the solution.
- It increases the cost of health care by imposing deductibles on patients.
- High deductibles keep people away from the doctor's office. We know.
- High deductibles keep people away from the doctor's office.
Summary:
The Joint Committee on Financial Services held a lengthy public hearing with testimony on a wide range of health insurance and access-to-care bills. Early testimony focused on prescription drug pricing and pharmacy reimbursement, with supporters of H. 1326 arguing that pharmacy benefit managers and MassHealth managed care arrangements reimburse independent pharmacies too little, contributing to pharmacy closures and “pharmacy deserts.” The committee also heard repeated support for H. 1151/S. 742 on cognitive rehabilitation for acquired brain injury, H. 1288/S. 716 on telehealth parity for nutrition counseling, H. 1309/S. 761 on full-spectrum pregnancy care without cost-sharing, H. 1312 on insurance coverage for doula services, H. 309 on prompt access to health care by removing deductibles for certain services, H. 809/H. 1227 on biomarker testing, H. 1162/S. 810 on reducing inequities in access to medical procedures by limiting insurer cuts tied to Modifier 25, and S. 726 on insurance coverage for mobile integrated health.
Testifiers included legislators, physicians, pharmacists, dietitians, emergency and rehabilitation clinicians, and patients and family members. Supporters of the brain injury bill said cognitive rehabilitation is medically necessary, improves long-term outcomes, and can reduce institutional care and public costs; they noted the bill has been heard repeatedly and has support from the Brain Injury Commission and prior favorable committee action. Supporters of the pregnancy care and doula bills described out-of-pocket costs as a barrier to maternal health and shared personal stories of high bills and unmet support needs. Biomarker testing advocates and cancer patients said coverage gaps deny patients access to precision treatment, can lead to avoidable suffering, and should be standardized across insurers; several speakers said insurers often deny claims despite clinical benefit. Dermatology witnesses said insurers’ use of Modifier 25 cuts reimbursement for same-day evaluation and procedure visits, forcing separate appointments and increasing patient burden. Mobile integrated health supporters described home-based care as a way to reduce emergency department use and hospital readmissions, especially for patients with transportation or mobility barriers. No votes or formal committee actions were taken during the hearing itself.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am
Joint Committee on Financial Services
Transcript Highlights:
- So in order to get this tax shelter, they have to be enrolled in a health plan that has a deductible
- What that does is it inadvertently disqualifies these HSA-compatible plans, because the deductible has
- It does have that deductible, though, that has to apply under federal rules to certain services, except
- Certain preventive drugs are okay not to be subject to the deductible. That is your question?
- Interesting. ...be subject to the deductible. That is your question? Yes, thank you very much.
Summary:
The Joint Committee on Financial Services held a hearing with Chair Jamie Murphy and Senate co-chair Senator Feeney presiding. Members asked witnesses to keep testimony to three minutes and noted that written testimony could still be submitted. The committee heard testimony on several health insurance and pharmacy-related bills, including a proposal to allow controlled prescriptions to be transferred between pharmacies within the same chain, legislation affecting health savings account (HSA)-compatible plans and future insurance mandates, a bill on small business health insurance incentives, and H. 1212 on emergency insulin access.
Several parents and patients testified in support of emergency insulin access, describing severe diabetes emergencies, diabetic ketoacidosis, prescription delays, and the need for pharmacists to dispense insulin in urgent situations when doctors or insurers are unavailable. A parent also described the burden of repeatedly obtaining new prescriptions for ADHD medication when pharmacies are out of stock. Witnesses supporting the HSA bill argued that state coverage mandates can unintentionally disqualify HSA-qualified plans and that the bill would preserve tax advantages for enrollees while avoiding repeated legislative fixes. A representative of the Retailers Association supported the small business health insurance incentives bill, saying it could help retain small employers in the merged market by allowing carriers to offer financial incentives tied to cooperative purchasing and utilization efforts.
One witness, Kathleen Demarest, testified against a co-pay assistance restriction, saying a state rule had unexpectedly cut off her drug assistance before a generic was actually available, leaving her with very high out-of-pocket costs. Committee members asked a few clarifying questions about HSAs, insulin dispensing, and school support for diabetes care. After all scheduled witnesses had testified and no additional testimony was offered, the committee voted to close the hearing.
DE
Delaware 2025-2026 Regular Session
House Revenue - Finance Committee Meeting Jun 17th, 2026
Transcript Highlights:
- House Bill 386, an act to amend Title 30 of the Delaware Code relating to personal income tax deduction
- For tax years 2027 through 2029, it allows both resident and non-resident individuals to deduct up to
- The deduction is fully phased out at $100,000 and $200,000, respectively.
- For tax years 2027 through 2029, it allows both resident and non-resident individuals to deduct up to
- The value of the deduction is delivered as a refundable credit. We took that out. Never mind.
Summary:
The House Revenue and Finance Committee met to consider House Substitute 1 for House Bill 386, which would create a temporary Delaware income tax deduction for qualified tip income from tax years 2027 through 2029. The sponsor described it as relief for service workers in restaurants, salons, and similar tipped occupations, with a deduction of up to $15,000, income-based phaseouts, a refundable credit for lower-income workers, and a sunset for later review. Committee members raised questions about the resident/non-resident language, the fiscal note, and whether the Department of Finance could implement the change; Finance said the department could administer it and expected only modest administrative costs, while the Comptroller’s office said the bill would reduce general revenue. After a brief recess to review updated language, the committee took public comment, but no one testified. A motion to release the bill failed to receive enough votes, and the chair said she would walk it to seek additional signatures.
The committee then considered Senate Bill 219, which would phase in an increase in the military pension income exemption from $12,500 to $25,000 by tax year 2029. The sponsor argued the measure would help attract and retain military retirees, citing economic return estimates, workforce benefits, and support from all 21 Senate co-sponsors. Some members supported the bill as a way to reward service and bring in long-term residents, while others questioned whether the exemption should be income-based rather than available to all military retirees, including those with substantial second careers. The Department of Finance said it could operationalize the bill and that the non-resident language was unnecessary because the subtraction is already picked up in the non-resident code section. Public testimony from veterans’ organizations strongly supported the bill, emphasizing that the exemption can influence retirement decisions and help veterans and their families stay in Delaware. A motion to release the bill also failed to get enough votes, and the chair said she would walk it for signatures before adjourning the meeting.
FL
Transcript Highlights:
- The second provision is another deduction. It's another depreciation deduction for real property.
- There's a deduction now allowed for that that also has an impact for Florida.
- The third, and The third provision that is a big provision is an immediate deduction for research and
- So you can take a bigger deduction.
- There are some business expensing limitations that have been increased, and there is a deduction for
Keywords:
property assessment, wind damage, home improvements, real estate, tax exemption, Florida statutes, ad valorem taxes, property listings, tax estimation, disclosure, Florida, residential property
Summary:
The committee heard and passed three bills before moving to a staff presentation on the state revenue forecast and the federal One Big Beautiful Bill Act. SB 856, by Senator DeSantis? [sic], would require online real estate listing platforms to display estimated property taxes for residential properties using prescribed methods and DOR-developed formulas rather than the current owner’s tax bill. Supporters from county, city, and property appraiser groups said the bill would improve transparency and help homebuyers avoid surprise tax and escrow increases. The bill was reported favorably after debate about making sure the estimate appears on realtor and platform sites for first-time buyers.
SB 110, by Senator Arrington, was amended and then reported favorably. The bill clarifies that people holding 98-year-or-longer residential leases remain eligible for the homestead tax exemption even if the lease ends upon the tenant’s death, aligning those leaseholds with life estates for estate-planning purposes. The amendment, supported by the Florida Bar’s real property, probate and trust law section, clarified that lease provisions terminating at death are valid under current law. SB 434, by Senator Leak, was also reported favorably; it would prevent property tax assessments from reflecting increased just value attributable to wind-hardening improvements such as stronger roof attachments, shutters, and roof-to-wall reinforcements.
The committee then received an update from staff director Azar Khan on the new general revenue forecast. He said collections had been running slightly above estimate overall, but the Revenue Estimating Conference reduced corporate income tax projections because of weaker recent collections and uncertainty around tariffs, while increasing some other revenue sources. Members then discussed the federal One Big Beautiful Bill Act, which staff said would significantly reduce Florida corporate income tax revenue, with a large first-year impact driven by retroactive provisions such as bonus depreciation, research expensing, and business interest deductions. Senators and the appropriations chair said the forecast and federal changes would affect budget planning, and the committee adjourned after noting the bills had been favorably reported and the meeting was complete.
MN
Minnesota 2025-2026 Regular Session
Task Force on Homeowners and Commercial Property Insurance 10/22/25
Minnesota House Floor Meeting
Transcript Highlights:
- the maximum amount of deductible someone could have.
- the maximum amount of deductible someone could have.
- of deductible what's the maximum amount of deductible someone<00:19:12.880>
could <00:19:13.200 - And weren't exceeding their deductible.
- didn't realize how high their deductible didn't realize how high their deductible was.<01:15:48.800
Summary:
The task force met on October 22, 2025, with a quorum present and several members participating remotely. Members approved the minutes from the previous meeting. Michelle Urick of the Legislative Coordinating Commission then gave an administrative update on proxy voting and the task force’s operating procedures. She said the enabling statute only authorizes the officially appointed member to act and vote, so proxy voting is not allowed, and votes must be cast in person at the meeting where the item is considered. She also said members may submit written positions, but not vote before or after a meeting. In response to concerns about attendance for future votes, the chair said the January meetings would be rescheduled if possible using a Doodle poll so more members could be present in person. The group also agreed to treat the revised document as operating procedures rather than a formal charter, with no separate adoption action needed at that time.
The task force then moved into testimony on homeowners and commercial property insurance. Paul Edgar of Minnesota Realtors said rising insurance costs are adding to housing affordability pressures, citing an increase in the monthly principal, interest, taxes, and insurance payment on a median-priced Minnesota home from $1,622 in 2021 to $2,642 in September 2025. He said higher insurance costs and limited coverage can affect buyers’ financing, especially for condominiums and townhomes, and urged continued work on liability and insurance-related laws that may discourage condo development. He also referenced prior bipartisan reforms to Minnesota’s condominium construction defects law and said his organization supports further improvements to encourage more condo production.
Keenan Ravery of the Minnesota Mortgage Association focused on how insurance requirements affect mortgage lending. He explained that lenders require insurance both at origination and throughout the life of the loan, with standards aimed at protecting collateral rather than providing full homeowners coverage. He said replacement-cost coverage has long been the norm, but recent issues with roofs, deductibles, HO-6 policies, and force-placed insurance have become pain points for consumers and lenders. He said his association is working with national trade groups on reforms that could allow more flexibility in coverage types and deductibles, and he expressed hope that Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency may announce policy changes in the coming months or by early 2026. No votes or substantive policy actions were taken beyond approving the minutes and agreeing to pursue scheduling adjustments for January.
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Fifty Nine - Tuesday, April 28
Missouri House Floor Meeting
Transcript Highlights:
- The Department of Revenue treats SALT as a deduction.
- The state and local tax, known as the SALT deduction, lets taxpayers who itemize deduct some of the state
- Because, yes, SALT is a deduction, but the way it came about was when we passed the SALT deduction.
- Now, that's where the deduction comes into play.
- You use the word there several times, deduction.
Summary:
The House opened with prayer and the Pledge of Allegiance, then approved the House Journal for the 58th day by roll call vote, 123-1. Members also introduced a number of special guests, including physicians, sheriffs, students, interns, and a police chief, before moving to third reading and perfection of bills.
House Bill 1758, dealing with permanent daylight saving time in Missouri, was debated at length. Supporters said it would end the twice-yearly clock changes and argued it could benefit children, productivity, and quality of life. Opponents warned it would create darker morning commutes, safety concerns, and health issues tied to circadian rhythms. The bill passed third reading by a vote of 107-31 with two present.
The chamber then perfected and printed House Bill 3329, which repeals expired or unused tax credits, and House Bill 3405, which clarifies that SALT/pass-through entity provisions are deductions rather than tax credits for Department of Revenue processing. Both bills were described as cleanup and efficiency measures, with supporters emphasizing accountability and reduced manual work at DOR; both moved forward without opposition in committee and were approved on the floor.
Finally, House Bill 2426, a parental rights bill, drew extensive debate and an amendment. The bill would elevate parents’ rights in education, medical, privacy, and related decisions to a fundamental-rights standard and add provisions on school records, recordings, evaluations, and certain health-care decisions. Critics argued it was overly broad, could interfere with school operations and existing protections, and might create problems in areas such as IEPs, truancy, and medical consent; supporters said it simply codified and strengthened parental authority. House Amendment 1, focused on IEP procedures and requiring parental consent for major changes, was adopted 98-25 with six present, and debate on the underlying bill continued.
AZ
Transcript Highlights:
- We all know what a deductible is.
- The child care deduction is a subtraction from income, correct?
- forward, a $6,000 deduction for distributions from retirement programs, a $6,000 deduction for contributions
- There was no deductible. He healed and he fed.
- This includes the senior deduction, a new deduction for withdrawals from retirement pensions.
Summary:
The House convened, approved the journal, and spent much of the opening portion recognizing guests and interns from both parties, along with former lawmakers and a newly seated member, Representative Sylvia Allen. The chamber then took up House Concurrent Resolution 2065 honoring the late Alfredo Gutierrez. Members from both parties gave extended remarks about his life as a civil rights advocate, student activist, legislator, and mentor, and the resolution was unanimously adopted and transmitted to the Senate. Family members of Gutierrez were recognized in the gallery during the memorial tribute.
The House then moved into Committee of the Whole on the first budget-related measures. On House Bill 4138, the “feed bill”/budget operations measure, Democrats argued the budget favored corporations and data centers over seniors, health care, housing, universities, and vulnerable families, while Republicans defended it as a continuation of prior policy and said it preserved tax conformity and modest agency cuts. After debate and questions, the committee recommended the bill do pass and the House adopted that report, sending HB 4138 to engrossing.
The chamber next considered House Bill 4139, the amusement/gaming-related budget bill. Members debated whether it was essentially unchanged from last year’s budget language, with Republicans saying it was a continuation bill and that gaming-related provisions would support rural economies and tourism, while Democrats questioned the broader budget context and its effects on working families. The committee recommended HB 4139 do pass, and the House adopted that recommendation. The House then began debate on House Bill 4140, the state budget implementation bill, focusing on the budget stabilization fund and a proposed government efficiency initiative; discussion was still underway at the end of the transcript.
NM
Transcript Highlights:
- So we are now getting more per unit GRT at the rate we're proposing to deduct now.
- To have this kind of deduction that normally you would pay.
- The current section related to GRT deductibility, 7-9-53, addresses the same.
- holds local jurisdictions harmless from paying their portion of those deductions.
- So, I'm sorry, co-pays and deductibles. I don't have my caffeine enough yet, Madam Chair.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, April 15, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- :52:59.280>
loaded <00:53:00.160>and deduction is locked and loaded and deduction is locked - claiming these deductions? claiming these deductions?
- ,<06:18:06.320>
creating the wagering loss deduction, creating the wagering loss deduction - It the state and local tax deduction.
- deduction nearly tripled Standard deduction nearly tripled from<06:44:26.080>
where <06:44:26.240
MN
AZ
Transcript Highlights:
- We all know what a deductible is.
- The child care deduction is a subtraction from income, correct?
- , A new $6,000 deduction for senior citizens in tax year 2025 going forward, a $6,000 deduction for distributions
- There was no deductible. He healed and he fed.
- This includes the senior deduction, a new deduction for withdrawals from retirement pensions.
TX
Texas 89th 2nd C.S.
Health Care Affordability, Select May 1st, 2026
Health Care Affordability, Select
Transcript Highlights:
- But they're not uninsured; they went from a $1,500 deductible to a $5,000 deductible.
- Deductibles are at more than 70% in the last decade. Networks are narrower.
- High deductible plans were the latest silver bullet.
- So they can now incentivize patients with lower deductibles. I hope we're doing that.
- Um, With lower deductibles. Hope we're doing that.
US
Transcript Highlights:
- The Child Tax Credit would be cut in half if it expires, and the standard deduction, which about 90%
- The standard deduction in the child credit, those provisions, the standard deduction in particular was
- If the provision is extended, the combination of the standard deduction and the child credit will be
- So, when you look at the specific provisions of TCGA, standard deduction being a great example, hugely
- It will reduce the benefits of the standard deduction from $34,000 for a family of four to $23,000.
Keywords:
Commerce, International Trade, Tax Policy, Nominees, Inflation, Middle-class, Trade Practices, Economic Concerns
Summary:
The committee convened to discuss various bills and nominees, including the critical nominations of William Kimmett for Undersecretary of Commerce for International Trade and Ken Keyes for Assistant Secretary for Tax Policy at the Treasury Department. Discussions highlighted the nominees' roles in managing critical trade and tax policies amidst rising economic concerns, particularly focusing on inflation and its impact on American families. Members expressed both support and skepticism, emphasizing the significance of fostering fair trade practices and ensuring tax policies that benefit the middle-class amidst claims of an agenda favoring affluent individuals and corporations.
NH
New Hampshire 2026 Regular Session
Senate Children and Family Law (03/19/2026)
Children and Family Law
Transcript Highlights:
- get the benefit of a deduction get the benefit of a deduction for<02:13:47.199>
uh <02:13: - <02:20:47.680>
and <02:20:47.840>non-deductibility <02:20:49.200>of deductibility - and non-deductibility of deductibility and non-deductibility of child<02:20:49.920>
support <02 - <02:24:48.640>
for AGI you have one of the deductions for AGI you have one of the deductions - Um, the second conflict I deduction.
NM
New Mexico 2026 Regular Session
Senate - Tax, Business and Transportation Jan 22nd, 2026 at 03:09 pm
Senate Tax, Business & Transportation
Transcript Highlights:
- because $4,000 is really nothing to a doctor's salary. ...deduction because $4,000 is really nothing
- your deductible.
- Co-insurance is the percentage that you pay after you meet your deductible.
- Several years ago, the legislature eliminated GRT on co-pays and deductibles.
- Last year, Senate Bill 455 added the term co-insurance to the gross receipts deduction definition.
Keywords:
tax credit, physician, healthcare, income tax, rural health, tax deduction, gross receipts, coinsurance, managed care, 996, all
FL
Transcript Highlights:
- for business interest expenses, and increasing the amounts of business meals eligible for deduction.
- This is of the TCJA and then beginning January 1st, 2027, add back the amount deducted at the federal
- property and the incremental change to Section 179 property, taxpayers will add back the amount deducted
- For the deduction allowed on research and experimental expenses, the changes made to the deduction for
- add back the amount deducted at the federal level and the amount that would have been deducted if the