Video & Transcript Research : 'full cash value'

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TX

Texas 89th Regular

State Affairs (Part II) Apr 24th, 2025

State Affairs

Summary: The Senate Committee on State Affairs was called to order and a roll call showed most members present, with one absent. The chair explained that the committee had arranged witnesses for a later meeting but had received responses from some parties declining to testify, prompting Senator Bettencourt to offer a written motion for subpoenas. The motion authorized the committee chair, under Senate Rule 11.20, to issue subpoenas to BlackRock, State Street, or other financial services companies affecting Texas public pension investments, along with their subsidiaries, affiliates, officers, employees, agents, or representatives. The subpoenas would require testimony and production of records concerning investment practices, the impact on Texas public pension funds, and any investments intended to further political or social causes. Members discussed the importance of obtaining testimony and the limited but necessary use of subpoena power. The committee then voted, with 10 ayes, no nays, and one absent, to adopt the motion. With no further business, the committee recessed until the call of the chair, planning to return after the local calendar.
TX

Texas 89th Regular

State Affairs (Part III) Apr 24th, 2025

State Affairs

Transcript Highlights:
  • ethics laws, the response will be measured, timely, and just, and they deserve a government that values
  • other scenario where someone is influencing a shareholder vote, they would be required to provide full
  • other scenario where someone is influencing a shareholder vote, they would be required to provide full
  • But outside of that, there is really no shareholder value justification for telling a company to reduce
  • And again, the proposal wasn't even put in by somebody who even ostensibly cared about shareholder value
Summary: The committee heard Senate Bill 945, 946, 2044, 2819, 2403, 2337, and 312, with all bills left pending after testimony. SB 945 would restrict insurance companies from denying or limiting coverage based on oil and gas activity or ESG-related goals, and supporters argued it would protect Texas energy producers from politically motivated shareholder activism and insurance discrimination. SB 946 would bar creditors from using social credit, ESG, DEI, or religious/political affiliation as a basis for denying or limiting credit; witnesses said it would prevent viewpoint-based financial discrimination and protect access to capital for Texas businesses. SB 2337 would require proxy advisory firms to disclose when recommendations are based on non-financial factors or when they give conflicting advice to different clients; supporters said the measure would increase transparency and curb ESG-driven influence over shareholder voting. SB 312 would direct public retirement systems to focus on financial returns rather than social or political objectives, with the author saying the bill responds to activist pressure on pensions and would reinforce fiduciary duty. The committee also took up election and ethics measures. SB 2044 would strengthen electioneering restrictions for publicly funded education institutions and personnel, prohibiting use of official resources to promote political agendas; testimony focused on alleged school district electioneering in bond and tax elections. SB 2819 would prohibit county elections administrators from holding certain officer positions appointed by elected officials, addressing potential conflicts of interest. SB 2403, the Texas Ethics Commission sunset bill, would restructure complaint handling with a three-tier violation system, risk-based complaint prioritization, longer response times, bipartisan preliminary review panels, and expanded hearing options; members discussed amendments aimed at dismissing minor complaints, clarifying categories, and adjusting lobbying and penalty provisions, but the amendments were withdrawn during committee consideration. Across the ESG and finance bills, invited witnesses from the American Energy Institute, Heartland Impact, Consumers Research, ADF Action, Texas Civil Justice League, and related groups generally supported the measures, arguing that banks, insurers, proxy advisors, and asset managers have used ESG or reputational-risk standards to discriminate against energy, agriculture, firearms, and religious organizations. No opposition testimony was presented in the excerpt, and the committee closed public testimony on each bill and left them pending.
HI
Transcript Highlights:
  • >> We support a full repeal like we did last session also, right? >> Okay. Appreciate that.
  • </c> passage or would you support a full passage or would you support a full repeal?
  • ><c> full</c><00:11:34.079><c> repeal</c><00:11:34.480><c> like</c><00:11:34.640><c> we</c> &gt;&gt;
  • We support a full full repeal like we &gt;&gt; We support a full full repeal like we did<00:11:34.880
  • That value now exceeds a half million.
Summary: The committee heard testimony on HB 1604, which would create an agricultural workforce housing group within the Department of Agriculture and Biosecurity to address shortages of farmworker housing. The department said it supported the bill’s intent but emphasized that the group’s early work should focus on gathering data and surveying farm operators to assess actual demand, to avoid “mission creep.” Testimony from the City and County of Honolulu Office of Economic Revitalization, Hawaii Farmers Union, Hawaii Farm Bureau, Housing Hawaii’s Future, and the Maui Chamber of Commerce was in support, with one witness suggesting a housing advocacy nonprofit be added to the working group for balance. The committee then discussed HB 1713 on school impact fees, which would clarify exemptions for certain affordable housing projects and exempt new residential developments of fewer than 100 units. The Attorney General’s office said the bill should define “low to moderate income households” because that term is not defined in chapter 302A. HHFDC, the School Facilities Authority, Grassroot Institute of Hawaii, and others supported the measure, arguing it would reduce administrative burden and remove barriers to housing. Members questioned whether the bill should instead repeal the school impact fee entirely; supporters said they also favored full repeal but viewed this bill as a more feasible step. The School Facilities Authority also explained that about $28 million in school impact fees had been collected across four districts and none had yet been spent, and discussed how recent nexus requirements limit how the funds can be used. HB 1722, relating to residential condominiums, drew extensive testimony and questioning. HCDA supported the bill and explained that it amends the 99-year leasehold pilot program created by Act 97 of 2023 by reducing owner-occupancy restrictions from 100% of units to 60%, allowing some rental or subleasing flexibility for the owner-occupied units, and permitting up to 40% of units to be sold to qualified residents after being on the market for more than 60 days. HCDA said the original restrictions, combined with rising construction costs, higher interest rates, and competition from nearby projects, made the pilot project difficult to market and finance; it said the changes are needed to make the project feasible and competitive. Supporters including AP Hawaii, Kila LLC, and project representatives said the amendments would help make the demonstration project in Kakaʻako viable. Some members raised concerns that the changes could weaken long-term affordability and questioned why certain ownership language was being deleted if rentals would still be restricted. No votes or final committee actions were taken in the portion of the hearing provided.
TX
Transcript Highlights:
  • The land of historic property should not be valued at the same per square foot value as that of the neighboring
  • Senate Bill 3065 is reported to the full Senate.
  • Senator Nichols moves that House Bill 247 be reported to the full Senate.
  • Senator Paxton moves that House Bill 5084 be reported to the full Senate.
  • Full Senate. Full Senate. Well, no, you can move to local, but we're not...
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 13th, 2026

Revenue and Taxation

Transcript Highlights:
  • Like if they're full-time engineers that work actively in the aerospace research and so...
  • Like if they're full-time engineers that work actively in the Aerospace Research Institute, we have two
Summary: The Revenue and Taxation Committee met and first laid over House Bill 15.9 to the next meeting. The committee then unanimously advanced an executive nomination, James Burleson to the Oklahoma Tax Commission, after brief testimony from Sen. Pugh and Burleson’s comments about his private-sector, nonprofit, and community experience and desire to serve the state. Members then considered several tax-related bills. House Bill 3986, expanding eligibility for the 24-month gross production tax exemption for wells completed using recycled water, passed 10-1 after questions about whether the change was retroactive. House Bill 3548, which would exempt small child-run businesses from certain taxes and permits up to a $1,000 gross-revenue threshold, passed 11-0 after questions focused on enforcement and adult involvement. House Bill 3661, removing the sunset on the forestry equipment sales tax exemption, passed 8-3 despite concerns about the lack of hard data supporting the incentive’s continuation. The committee also passed House Bill 4346, creating reciprocity for agricultural sales tax exemptions for neighboring states, after discussion about verification methods, fraud prevention, and whether the Oklahoma Tax Commission could track out-of-state buyers; the bill passed 8-3. House Bill 3075, the “Oklahoma Common Sense Act” dealing with a post-penny environment and giving agencies and political subdivisions more time to update point-of-sale systems, was amended to set an effective date of November 1, 2026, and then passed 11-0. Finally, House Bill 4273, clarifying that certain R1 university aerospace research employees qualify for an aerospace tax credit, passed 6-5 after debate over whether the credit could create a broader domino effect for other professors and fields. The chair announced the committee would likely meet again the following Monday for its last meeting of the year, and then adjourned.
MN

Minnesota 2025-2026 Regular Session

House Housing Finance and Policy Committee 3/11/26

Housing Finance and Policy

Transcript Highlights:
  • And we've had full shelters in Duth.
  • And we've had full shelters in Duluth.
  • I had a couple concerns, and I didn't get full answers before we got here today.
  • these valued property rights.
  • </c> for these these valued property rights. for these these valued property rights.
Bills: HF3403, HF2687, HF2381
OK
Transcript Highlights:
  • Would you believe that property values in the last probably five or six years have nearly doubled?
  • has nearly doubled, and insurance rates, along with those cost of repairs and property replacement values
  • With property values going up and things like that, that's happening everywhere.
  • says that when a body shop and the insurance adjuster or the insurance company don't agree on a loss value
NV

Nevada 2025 Regular Session

Assembly Committee on Legislative Operations and Elections May 29th, 2025 at 01:00 pm

Legislative Operations and Elections

Transcript Highlights:
  • My name is Rudy Zamora, and we're in full support of the bill. Thank you. Thank you.
  • I've been a full-time... I've been a full-time election worker for the last five elections.
  • Then, a week after the election, the Arizona resident cancels their rental contract, and they return full-time
TX

Texas 89th Regular

Energy Resources Mar 17th, 2025

Energy Resources

Transcript Highlights:
  • I mean, clearly cash bonds are...
  • So what would be the purpose of having a cash bond at all?
  • We, as a state, we've never valued the underlying resource. You value damages.
  • We've never as a state adequately valued the resource itself.
  • We value what it takes to treat it, to transport it. but we never value the underlying resource, unlike
TX

Texas 89th Regular

Local Government Apr 14th, 2025

Local Government

Transcript Highlights:
  • Currently, taxing units must assume full appraised values are taxable, even when properties are involved
  • in... ...assume full appraised values are taxable, even when properties are involved in ongoing litigation
  • Uncontested value.
  • In January, she got a tax bill for her homestead residential property for the full value, the full amount
  • Appraised value is not market value.
Summary: The committee heard several local government and property tax bills, with most testimony focused on appraisal disputes, tax administration, and development rules. Senate Bill 1052 by Senator Hinojosa would address coastal county appraisal litigation by requiring property owners in certain large-value disputes to report an uncontested taxable value while appeals are pending, so taxing units can base truth-in-taxation calculations on more realistic revenue. Nueces County, Del Mar College, and Corpus Christi ISD testified in support, describing major budget shortfalls caused by refinery valuation disputes; the committee substitute narrowed and clarified the bill’s scope. No opposition was heard, public testimony closed, and SB 1052 was left pending. The committee also heard Senate Bill 1531, which would require local tax collectors to accept common electronic property tax payments such as credit cards, debit cards, and e-checks. Witnesses supported modernizing payment options and the committee substitute removed ACH/electronic funds transfer language to avoid bank-account disclosure concerns. Public testimony closed and the bill was left pending. Senate Bill 325, by Senator Perry, would restore platting and groundwater-certification requirements that were unintentionally weakened by prior legislation; supporters from county government, water groups, and builders’ representatives debated whether the real issue was groundwater protection or road standards for private roads. The bill was left pending after extensive testimony and no vote. The committee then took up Senate Bill 994 and SJR 46, which would exempt certain livestock feed inventory from property tax and provide the constitutional amendment needed for that change. Feed store and Farm Bureau witnesses supported the measure as relief for seasonal inventory taxes, and the bills were left pending. Senator Paxton presented SB 467 and SJR 84 to create a temporary property tax exemption for homes completely destroyed by fire, with refunds or corrected bills based on the date of loss; both were left pending. SB 1237 would clarify charitable property tax exemptions for senior housing and retirement communities, with testimony from Catholic and Baptist retirement organizations and a resident describing rising costs and exemption revocations; it was also left pending. The committee later voted 6-0 to report SB 2073, a pending bill on appraisal district authority to purchase or finance real property, and recommended it for the local and uncontested calendar. Finally, the committee heard SB 2172, SB 2173, and SB 2063, all related to property tax administration. SB 2172 would limit when appraisal districts can require homeowners to reapply for homestead exemptions, requiring a specific reason and written notice; SB 2173 would protect new homeowners from surprise tax liabilities caused by prior owners’ erroneous homestead exemptions, with testimony describing large back-assessment bills; both were left pending. SB 2063 would bar appraisal districts from using market-value evidence in unequal appraisal protests, and testimony sharply divided between taxpayer advocates, who said market data improperly overwhelms equity claims, and appraisal district representatives, who argued market value is inherently tied to equal-and-uniform taxation and cited a recent Texas Supreme Court decision; the bill was left pending after testimony.
TX
Transcript Highlights:
  • They deserve a government that values transparency, not just in theory but in practice.
  • The proxy advisors' lack of focus on long-term value creation is not the only reason that oversight is
  • other scenario where someone is influencing a shareholder vote, they would be required to provide full
  • But outside of that, there is really no shareholder value justification for telling a company to reduce
  • And again, the proposal wasn't even put in by somebody who ostensibly cared about shareholder value,
TX
Transcript Highlights:
  • commissioners to adopt an exemption from the ad valorem tax for the portion of a property's appraised value
  • The development has to receive full points under TDHCA's Opportunity Index.
  • To the full Senate. You want to go local? Thank you. Yes, please. Okay.
  • Senator Nichols moves that Senate Bill 2521 be reported to the full Senate.
  • The taxes of the building were zero dollars, land value is two and a half million.
TX
Transcript Highlights:
  • However, a handful of intangible assets, such as the stock values of insurance companies and savings
  • Well, like we noted, stock values of insurance companies and savings and loan associations.
  • Let me just say I'm in full support of this bill, and thank you for considering it.
  • I have value committee time, and I put this bill up so that we can have a discussion.
  • and taxable value for local property.
AZ

Arizona 2026 Regular Session

02/11/2026 - Senate Regulatory Affairs and Government Efficiency

Regulatory Affairs and Government Efficiency

Transcript Highlights:
  • You are recommended by the full Senate the confirmation of Troy L.
  • We do not believe that they are fully... they have full immunity with the bill, with Mr.
  • We've talked about land values and cost. That's accurate.
  • As a state that values freedom and open government, I respectfully ask for your support.
  • Even though Corby and Carroll are full farmhouses, right? That's right.
HI

Hawaii 2026 Regular Session

EEP Public Hearing - Tue Feb 3, 2026 @ 9:30 AM HST

Energy & Environmental Protection

Transcript Highlights:
  • particular as we outlined in our testimony, um, that we believe will really help House Bill 1928 reach its full
  • :15:39.920><c> its</c> really help House Bill 1928 reach its really help House Bill 1928 reach its full
  • </c><00:15:41.600><c> and</c><00:15:41.839><c> particularly</c><00:15:42.480><c> that</c> full potential
  • . and particularly that full potential. and particularly that was<00:15:42.959><c> clearly</c><00:15:
Summary: The committee heard testimony on several measures related to waste, recycling, and environmental review. On HB 1924, which would establish a mattress stewardship program, the Department of Health said it stood on written testimony and offered comments, while Hawaii Reef and Ocean Coalition and one individual supported the bill and the International Sleep Products Association opposed it. No questions were raised and the committee moved on. A large portion of the hearing focused on HB 2121, which would prohibit the sale of disposable vapes in Hawaii. The Department of Health supported the measure but suggested the bill may be better placed in a different part of state law because the cited waste-management section regulates products after consumption, while still praising the effort to remove disposable vapes from the market and environment. Testimony in strong support came from the Coalition for Tobacco Free Hawaii Youth Council, Hawaii Public Health Institute, Hawaii COPD Coalition, Hawaii Health and Harm Reduction Center, the City and County of Honolulu, and many individuals; supporters emphasized youth vaping, toxic waste, lithium battery fire risks, and environmental harm. There was at least one opposing individual and the International Sleep Products Association was listed in opposition. The committee noted there were many written testimonies and no immediate vote was taken. The committee also heard HB 1928 on the deposit beverage container recycling program. The Department of Health stood on written testimony. The Solid Waste Task Force of Hawaii Environmental Change Agents and Upstream supported the bill but urged amendments to better integrate reuse and reusables, strengthen enforcement, clarify definitions, and protect existing redemption centers. The Hawaii Food Industry Association supported the concept of a backdrop program but preferred strengthening the existing program and raised concerns about undefined fees, existing infrastructure, and future audit costs. The Chamber of Commerce Hawaii supported the bill, and the chair said the measure needs work and that decision-making would occur in a few days. Finally, the committee took up HB 979 on environmental review and HB 1650 on environmental assessments. For HB 979, OPSD offered amendments, HCDA supported the bill but suggested clarifying the affordable-housing definition, Kauai Island Utility Cooperative supported it, and Earthjustice was asked about the court process for environmental challenges; the chair asked about shortening the challenge period and the relationship between environmental court, the intermediate court of appeals, and the Supreme Court. For HB 1650, OPSD and the State Historic Preservation Division stood on written testimony, OHA asked to retain historic sites, and several groups and individuals testified in support or opposition. Opponents argued that removing Wiki special district and historic sites from Chapter 343 trigger language would weaken environmental review and risk impacts to iwi kūpuna and historic resources.