Transcript Highlights:

• </c> recipients have family adjusted gross recipients have family adjusted gross incomes<00:36:05.040
• </c><00:54:46.400><c> universities</c> implication of for-profit universities implication of for-profit
• </c> four-year for-profit institutions. four-year for-profit institutions.
• </c> And then um among for-profit And then um among for-profit institutions,<01:06:10.480><c> it</c><
• </c> adjusted gross income of under $85,000. adjusted gross income of under $85,000.

Keywords: 1187, senate, all

Transcript Highlights:

• </c> deductions from federal adjusted gross deductions from federal adjusted gross income<00:13:15.920
• </c> and rules that affect adjusted gross and rules that affect adjusted gross income<00:15:57.959><c
• She said the gross receipts tax on liquor is 2.5%, and the gross receipts tax on cannabis and cannabis
• She said the gross receipts tax on liquor is 2.5%, and the gross receipts tax on cannabis and cannabis
• </c> production tax occupation tax and gross production tax occupation tax and gross proceeds proceeds

Keywords: 1183, house

Transcript Highlights:

• Second, the bill also specifies that gross premiums received by an assigned risk plan are exempt from
• surcharge for an affiliated group from $75 million to $25 million if 50% or more of the worldwide gross
• The 2% gross premium tax currently brings in almost $1 billion a year.
• They also own complex intermediaries and other entities that are focused on market share and profits.
• Even local not-for-profit insurance companies look very different today, owning clinics and entities

Bills: HB2487

Keywords: insurance tax, state regulation, insurers, taxation, budget impact, 904, all

Transcript Highlights:

• Last session, changes were made to Washington College Grant for private not-for-profit institutions.
• The private four-year not-for-profit College Bound rate was the average of the research institution's
• Turning to the bill before you, the Washington College Grant amount for private not-for-profit four-year
• The College Bound Award amount for private, not-for-profit, four-year institutions would be calculated
• One of the things that I have heard from some of my not-for-profits in my district are some pretty deep

Bills: HB2689, SB5420, SB5868, SB5877

Keywords: Working Connections Child Care, child care subsidy, subsidized child care, Washington DCYF, Department of Children, Youth, and Families, low-income families, child care providers, licensed child care centers, family child care, market rate survey, subsidy rates, income eligibility, state median income, SNAP, Basic Food, collective bargaining, provider reimbursement, daily payment, half-day care, partial-day care

Transcript Highlights:

• &gt;&gt; Miss<01:00:46.640><c> Gross</c><01:00:46.880><c> Swan.</c> &gt;&gt; Miss Gross Swan.
• &gt;&gt; Miss Gross Swan.
• </c> &gt;&gt; is gross one? &gt;&gt; is gross one?
• >> Miss Gross Swan. >> Thank you.
• </c> $2.2 billion in profits for 2025. $2.2 billion in profits for 2025.

Bills: HF4059, HF76

Keywords: climate change, greenhouse gas emissions, financing, sustainability, environmental policy, renewable energy, Minnesota Climate Innovation Financing Authority, earned incentive release credit, release credits, supervised release, corrections, Minnesota Department of Corrections, sentence reduction, good time, prison time, incarceration, violent offenses, murder, criminal sexual conduct, sex offenses

Transcript Highlights:

• Second, the bill also specifies that gross premiums received by an assigned risk plan are exempt from
• surcharge for an affiliated group from $75 million to $25 million if 50% or more of the worldwide gross
• The 2% gross premium tax currently brings in almost $1 billion a year.
• They also own complex intermediaries and other entities that are focused on market share and profits.
• Even local not-for-profit insurance companies look very different today, owning clinics and entities

Summary: The Ways and Means Committee held its last scheduled public hearing of the year on March 9, 2026, taking testimony on House Bill 2487, Substitute House Bill 2689, and Engrossed House Bill 2681. For HB 2487, staff and the Department of Revenue explained that the bill would narrow a B&O tax exemption for insurance-related businesses after a 2024 Supreme Court decision, make several related changes including annuity and assigned risk plan exemptions, adjust the advanced computing surcharge threshold for certain affiliated groups, and allow a penalties-and-interest waiver with a repayment plan. DOR supported the bill as clarifying the original intent and preventing double taxation, while insurers and health plan groups opposed it, arguing it would create higher costs, retroactive tax liability, and uncertainty; consumer and policy groups testified in support, saying it closes a loophole and restores the intended tax structure. Committee members questioned the retroactivity, the number of affected businesses, and the fiscal estimates, and the chair reminded members that amendment requests were due by noon for the next day’s executive session. For Substitute HB 2689, staff described changes to the Working Connections Child Care program that would keep income eligibility at 60% of state median income, reduce future rate-setting from the 85th to the 75th percentile, block enhanced rates for certain cross-region providers, cancel the planned move to enrollment-based prospective payments, revise attendance-based reimbursement to a full month for absences of 10 days or fewer and half-month for longer absences, and require a 65% market survey response rate for validity. The fiscal note projected substantial savings, offset by implementation and staffing costs. SEIU 925 and Head Start representatives supported the simpler House approach to attendance billing but raised concerns about the new survey threshold and the risk of increased audits and provider burden; they also noted an amendment under discussion to address the 2026 survey issue. Committee questions focused on how a full month is defined under the attendance rules. For HB 2681, staff said the bill would raise annual issuance and renewal fees for cannabis producer, processor, and retail licenses by $400, generating about $866,000 per year for the dedicated cannabis account with minimal administrative cost. No one signed up to testify, and the chair closed the hearing without a vote on any of the bills. The chair also thanked committee staff for their work and reiterated that amendments for the heard bills were due by noon that day.

Transcript Highlights:

• That's a federal designation that can either be a non-profit or a for-profit CDFI.
• They have a non-profit arm called the...
• Some of the entities that were eligible under this program included for-profit and non-profit essential
• It's for for-profit and non-profit businesses with less than 100 employees for the Capital Access Program
• In this case, it's for-profit and non-profit commercial building owners that have a public benefit, so

Transcript Highlights:

• The data include the fourth quarter 2025 release on gross domestic product, GDP, and its components,
• , the January 26 employment profits, the January 26 employment situation<00:08:24.240><c> report,</c>
• Now, corporate profits are now forecast to grow 9.5% in fiscal year 2026.
• In fiscal year 2027 and beyond, corporate profits are forecast to show minimal growth.
• ,</c> of economic growth, corporate profits, of economic growth, corporate profits, inflation,<00:18:

Keywords: 1187, senate, all

Transcript Highlights:

• What's very difficult to recognize is what are the gross revenues based on the gross revenues.
• </c> the gross revenues based on the gross the gross revenues based on the gross revenues.<01:03:02.799
• c> in</c><01:03:58.640><c> COVID</c> profits hopefully it's profits in COVID profits hopefully it's profits
• </c> during CO it was not but the profits during CO it was not but the profits from<01:04:01.359><c>
• </c> have any gross number provided to us. have any gross number provided to us.

Keywords: 958, all

Summary: The committee first received several information items, including University of Kentucky reports on medical and research equipment purchases, five school districts’ planned bond issues, and a School Facilities Construction Commission list of prior debt issues. Members then heard and approved an appropriation increase for a federally funded University of Kentucky project at the Central Kentucky Regional Airport in Richmond. The project will construct a terminal building and is tied to EKU’s airport operations and planned flight school; members asked about the public funding, the role of EKU, and possible aviation expansion, and the item was approved by roll call. The committee next approved a University of Kentucky lease purchase for an 85,000-square-foot facility at 415 West Sun Street in Morehead for $6.4 million. UK said the property, formerly the Rowan County Board of Education site, is directly across from UK St. Clair and will be used for multiple purposes; members questioned the quarterly payment structure and why the county preferred not to receive the full amount upfront, but the item was approved. The committee then heard three appropriation increases in the Tourism, Arts and Heritage Cabinet: a Fish and Wildlife pump project at Ballard Wildlife Management Area and two Lake Barkley State Resort Park repair projects. Finance staff explained the Lake Barkley increases were mainly to cover construction contingencies after bids came in close to available funding, and the committee approved the action items. Janice Thomas then presented four pool projects requiring no action: HVAC upgrades at the Future Farmers of America Leadership Training Center in Hardinsburg, geothermal and HVAC work at the Kentucky School for the Blind, a Brady Hall HVAC project at the Kentucky School for the Blind, and a renovation of Shanti Hall at Kentucky State University for the School of Engineering Technology. Members asked no substantive questions on those items. Finally, Natalie Broner presented a new CHFS lease in Wayne County and a Transportation Cabinet lease modification in Christian County. The Wayne County lease drew the most discussion, with members questioning the rent, the lack of other bids, and whether another county location might be preferable; CHFS said it maintains county-seat offices statewide and that the Wayne County site would replace an existing office. The Christian County item was described as a replacement site for driver licensing services with renovation costs largely absorbed by the lessor. Both lease items were presented for action after the discussion.

Transcript Highlights:

• It's kind of gross to talk about here, but yes, there would be women.
• just it's really gross. that it's kind<00:19:00.720><c> of</c><00:19:00.799><c> gross</c><00:19:01.039
• And it is just gross that we sent them back a form letter. Thank you.
• margin or a profit center and has made taxpayers the mark.
• </c> government a profit margin or a profit government a profit margin or a profit center<01:47:18.159

Keywords: 1183, house

Transcript Highlights:

• Big tech profits are soaring, and Pennsylvanians are getting nothing in return.
• The underlying repeal on gross receipts puts money back in the pockets of Pennsylvanians that need it
• The revenue gap should be closed by making the corporations who profit from our market pay their fair
• The underlying repeal on gross receipts puts money back in the pockets of Pennsylvanians that need it
• Pennsylvania won't be paying that gross receipts tax because basically we're taxing ourselves.

Keywords: Scheduler, 972, senate, all

Transcript Highlights:

• a profit.
• a profit.
• a profit.
• </c> Kentucky negatively impacts the gross Kentucky negatively impacts the gross domestic<00:33:45.440
• I'm all for people making a profit, but exorbitant profits are not acceptable, particularly in places

Keywords: 958, all

Summary: The Medicaid Oversight and Advisory Board met on February 23, 2026, approved the January 12 minutes, and then focused primarily on Kentucky Medicaid’s coverage and potential expansion of GLP-1 drugs, especially for weight loss. Department for Medicaid Services Commissioner Lisa Lee explained that Medicaid currently does not cover drugs for weight loss, anorexia, or weight gain, but the department had filed a regulation to remove that blanket exclusion so GLP-1s could be covered when used for an underlying health condition. She said the administrative regulation review subcommittee found the regulation deficient, and the co-chairs wanted the board to discuss the policy and financing implications before any change. DMS also said it would be open to adding caveats to ensure coverage would not extend to cosmetic weight loss alone. The department provided several data points on current utilization and spending. In 2025, Kentucky Medicaid paid for appetite-stimulating drugs such as Megestrol, Dronabinol, and Marinol, but did not pay for weight-loss drugs. For GLP-1s, DMS said coverage began in 2025 and is limited to FDA-approved medical conditions, with prior authorization requiring a type 2 diabetes diagnosis code and A1C documentation. DMS reported $234.6 million in GLP-1 spending in 2025 before rebates, about 240,931 prescriptions, and said GLP-1s accounted for 7.3% of pharmacy spend in 2024 and 8.3% in 2025. It also said there were 24,844 expansion members and 13,638 non-expansion members using GLP-1s, with spending of about $156 million and $78.5 million respectively, and that 10 pediatric weight-loss prescriptions were covered under EPSDT. The department said outcome analyses, including whether GLP-1 use reduces insulin or other diabetes treatment, are underway and should be completed in a couple of months. Members asked about cost, rebates, and whether the state should wait for more outcomes data before expanding coverage. DMS said average reimbursement to pharmacies was $975 per prescription and the average dispensing fee was $109; it also said 2025 rebate invoices totaled $90.8 million, with $7.6 million collected so far. Several members expressed concern about the high cost and the need to evaluate whether the drugs improve health outcomes before expanding access, while others noted the potential benefits for obesity and diabetes treatment. Some members also discussed whether GLP-1s are effectively being used for weight loss in diabetic patients and whether broader data collection should be used to assess long-term value. After the Medicaid discussion, Eli Lilly executive Tracy Sims presented on obesity as a chronic disease and the economic burden it creates in Kentucky. She said Kentucky’s adult obesity rate is a little over 37%, that obesity is linked to about 200 diseases, and that untreated obesity costs the state billions in GDP and hundreds of millions in state budget impact. She highlighted recent federal access programs for GLP-1s, including a Medicaid-related program that she said could lower the state share of a Zepbound prescription to about $71 per month after federal matching. No votes were taken on the GLP-1 policy question during the meeting, and the main action was the receipt of testimony and discussion of the department’s proposed regulatory change.

Transcript Highlights:

• And this allows the manufacturer to pocket their profit while the larger rebates to PBMs who profit,
• who pocket their profits, and then in turn give rebates back to the plans who pocket their profits.
• </c><01:09:32.080><c> and</c><01:09:32.319><c> then</c> profit who pocket their profits and then profit
• </c> for everyone to pocket their profits for everyone to pocket their profits along<01:09:40.480><c>
• Senator Adkkey. profits of these companies uh that is profits of these companies uh that is egregious

Keywords: 1187, senate, all

Transcript Highlights:

• </c><00:13:25.200><c> national</c> It's over 18% of our gross national It's over 18% of our gross national
• I want to share with you a quote reduces their profit margin. It just reduces their profit margin.
• Locally owned, locally driven, not for profit, and that's what's most important.
• </c><00:28:49.360><c> So</c> should be able to profit from that.
• So should be able to profit from that.

Keywords: 26RS SB 38 Testimony 00:28 26RS SB 38 Roll Call Vote 06:54 26RS SCR 9 Testimony 11:06 26RS SCR 9 Roll Call Vote 32:00 Adjournment 32:49, 958, all

Summary: The committee first considered Senate Bill 38, sponsored by Sen. Richardson, which would require Medicaid to reimburse pharmacists for services already within their legal scope of practice. Richardson and Taylor Williams of the Kentucky Pharmacists Association argued the bill would improve access to care, especially in rural areas, reduce emergency room use, and lower Medicaid costs by using pharmacists as lower-cost providers. Members asked whether the bill’s language simply aligned Medicaid with an earlier commercial parity law, and Richardson confirmed that it did. He also cited prior study work, research articles, and examples such as strep/flu testing and medication therapy management as covered services. The bill passed unanimously, and several members commented in support, including concerns about pharmacy access and the need for pharmacists to remain available to patients. The committee then took up a concurrent resolution sponsored by Sen. Meredith calling for a feasibility study of a proposed new Medicaid delivery model. Meredith argued that Kentucky’s Medicaid spending is growing unsustainably and that current managed care arrangements are not improving outcomes enough. He proposed an accountable community health care organization, described as a locally owned, not-for-profit public-private partnership combining elements of accountable care models, with the goal of reducing bureaucracy, improving outcomes, and lowering costs. He said the study would examine a five-year program and ultimately test the model in five regions, with initial focus on the Lincoln Trail, Green River, and Barren River area development districts. Members asked about the study timeline, vendor costs, rural versus urban impacts, and provider recruitment; Meredith said the resolution would be studied by November and that no fiscal note had been prepared. The resolution passed unanimously.

Transcript Highlights:

• </c><00:21:09.799><c> profits</c><00:21:10.279><c> from</c><00:21:10.520><c> charitable</c> of the gross
• profits from charitable of the gross profits from charitable gambling<00:21:11.400><c> for</c><00:21
• We see the results in skyrocketing inequality and rising corporate profits while Minnesota children,
• So then the subsidiary would have to have $250 million of gross domestic sales, and there would have
• </c> this if they met the $250 million gross this if they met the $250 million gross domestic<00:51:39.440

Bills: HF2274, HF1932

Keywords: taxation, income tax, property tax, corporate tax, homestead credit, local government aid, tax credits, economic development, taxpayer assistance, tax credit outreach, tax preparation, free tax help, IRS, Department of Revenue, general fund appropriation, earned income tax credit, child tax credit, volunteer income tax assistance, VITA, low-income taxpayers

Transcript Highlights:

• Would you agree that oil and gas is taxed on gross production tax?
• The duplication is in the gross production tax. They're already paying.
• We are saying you pay gross production. We do not have to pay out of a LOM.
• Gross production is paid at 5% for three years and then goes up to 7%. That continues on.
• That's a part of the gross production process, and they'll pay tax on that through that side.

Bills: SB1287, SB1983, SB1796, SB1806, SB1558, SB2135, SB483, SB1198, SB1265, SB2154, SB2139, SB1552, SB2118, SB1775, SB259, SB1344, SB1380, SB2007, SB1572, SB2074, SB1423, SB1425, SB1502, SB1503, SB1833, SB1561, SB1555, SB2044, SB1749, SB904, SB1565, SB1500, SB667, SB1484, SB1562, SB1644, HR1045, SB227, SB1627, SB1475, SB1966, SB2049, SB1531, SB80, SB1734, SB1630, SB1894, SB1975, SB1432, SB1437, SB1812, SB346, SB710, SB1489, SB1614, SB2045, SB1250, SB1304, SB1501, SB1946, SB592, SB65, SB1257, SB444, SB640, SB2178, SB1242, SB1642

Keywords: abstraction, licensing, Oklahoma Abstractors Board, criminal background, good moral character, SB1983, foster care, resource family partner, resource family partners, Department of Human Services, DHS, child welfare, foster homes, foster children, placement data, data sharing, de-identified data, aggregated data, sibling groups, placement disruptions

Transcript Highlights:

• Also, um, the limited liability entity tax is a 9 and 1/2 cent per $100 on gross receipts or 75 cent
• on $100 of gross profits. is 5% on net income.
• So, if your gross receipts were only $50 and your gross profits were only $25, we would still charge
• 50 dollars your gross receipts were only 50 dollars and<00:40:08.840><c> your</c><00:40:09.080><c> gross
• > 25</c> and your gross profits were only 25 and your gross profits were only 25 dollars,<00:40:11.800

Keywords: Meeting Start 00:00:00 Votruba Young Scholars Academy 00:01:55 Taxation of Financial Deposit Institutions 00:36:50, 958, all

Transcript Highlights:

• </c> charged gross receipts on the project. charged gross receipts on the project.
• </c> use the gross receipt. use the gross receipt.
• </c> So they're paying gross revenue. So they're paying gross revenue.
• They can do it for profit in income. They can do it for profit in that<01:08:00.720><c> area.
• </c> gross fee and that's the city's choices. gross fee and that's the city's choices.

Bills: SB222, HB560, HB475, HB484, HB583, HB542, HB566

Keywords: medical clinic board, clinic board, hospital bankruptcy, Chapter 11, bankruptcy, debt restructuring, municipal indebtedness, municipal bankruptcy, health care provider, acute care hospital, lease property, board immunity, director liability, civil liability, healthcare finance, insolvency, debt readjustment, federal bankruptcy law, Alabama Code 11-58-5.2, library materials

Transcript Highlights:

• </c><00:42:06.000><c> premium</c> partially offset by lower gross premium partially offset by lower gross
• You can and gross premium tax revenue.
• Um, so the gross premium tax, uh, is that only on the for-profits? >> Mr.
• anyway, so let's let the for-profits come.
• anyway, so let's let the for-profits come.

Keywords: 1187, senate, all

Transcript Highlights:

• There was lower utilization, so they were profitable.
• So is there a cap on what the MCOs can make as far as profit? Madam Chair, yes.
• So if their profits exceed a certain level, we share in that profit.
• product, while spending on the next slide—Slide Five—is about 23.4% of gross.
• Is it the gross or the net, I think is what I'm asking?