Video & Transcript : 'predatory funding' :
Page 80 of 500
WA
Transcript Highlights:
- underlying issue this bill is responding to, and that’s why we’re advocating for legislation and budget funding
- to ensure as many residents in our state maintain access to insurance coverage. ...funding to ensure
- impact on independent, small, and rural providers, as these providers do not receive the backfill funding
- impact on independent, small, and rural providers, as these providers do not receive the backfill funding
- care isn't delayed and patients aren't pushed into high-interest, third-party financing that can be predatory
Committee:
Senate Law & Justice
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 6th, 2026 at 01:25 pm
Washington Senate Floor Meeting
Transcript Highlights:
- that allows us to replace this ferry and other communities to use a policy to help figure out how to fund
- This aligns with our funding priorities, like the gentlelady said, and I agree.
- their own energy assistance programs. ...cannot use this as a proxy for not funding their own energy
- This amendment clarifies what will happen to existing funds in the CCA accounts.
- An act relating to ensuring that unhoused children receive federal funds by the state.
Bills:
SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2464 , HB2619 , HB1376 , SB5808 , SB5949 , HB1347 , HB1759 , HB1983 , HB2120 , HB2264 , HB2338 , HB2385 , HB2495 , HB2521 , HB2604 , HB2610 , HB2675 , HB2426 , SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2464 , HB2619 , HB1376 , HB1796 , HB2091 , HB2249 , HB2353 , HB2431 , SB5808 , SB5949 , HB2124 , HB2104 , HB2624 , HB2510 , HB1347 , HB1759 , HB1983 , HB2120 , HB2264 , HB2338 , HB2385 , HB2436 , HB2495 , HB2521 , HB2604 , HB2610 , HB2675
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects
FL
Transcript Highlights:
- So if we can get some funding, if we can get more funding into our elementary schools, and I’ll also
- But we also need to make sure that there’s funding available.
- We need to put more money and funding into diversion programs.
- Funding also needs to be made available for mental health care.
- Again, we cannot demonize individuals that have fallen prey to this predatory industry.
Committee:
Senate Criminal Justice
Summary:
The committee heard a presentation from Jessica Spencer on cannabis, criminal justice, and mental health. She argued that marijuana products have become far more potent over time, that high-potency THC and hemp-derived products are widely available in Florida, and that daily or near-daily use can contribute to addiction, psychosis, and other mental health problems, especially for adolescents. She also said cannabis is linked to violent crime and suicide in some cases, urged more prevention funding in schools, stronger regulation of Delta-8 and similar products, better law enforcement and regulatory oversight, expanded treatment and diversion options, and more expungement opportunities for simple possession. Senators questioned her about potency data, testing methods, and whether she was claiming causation in violent cases; she said she was and noted she had worked on the No on 3 campaign while still favoring decriminalization of simple possession rather than full legalization.
The committee then took up several bills. CS/SB 150, “Trooper’s Law,” was amended and reported favorably; it makes extreme animal cruelty during a declared emergency a third-degree felony, inspired by the rescue of a dog during Hurricane Milton. SB 234, the Jason Rayner Act, was reported favorably after debate over its changes to self-defense language and mandatory life imprisonment for manslaughter committed against a law enforcement officer; supporters said it closes a loophole exposed in the Rayner case, while opponents raised concerns about unintended consequences and mandatory sentencing. CS/SB 138, “Trenton’s Law,” also passed after amendment; it increases penalties for repeat DUI/vehicular homicide offenders and adds language on intoxicating substances, with supporters citing the death of Trenton Stewart and opponents warning about cannabis impairment standards and first refusal penalties.
SB 130, dealing with compensation for wrongful incarceration, was reported favorably. The bill removes Florida’s “clean hands” bar, extends the filing deadline from 90 days to two years, and allows exonerees with factual innocence findings to pursue compensation and civil remedies. Support came from innocence and civil liberties advocates. The committee also received a law enforcement presentation from Florida Highway Patrol Lieutenant Channing Taylor on impaired driving enforcement, DRE training, and crash data, emphasizing that drug impairment—especially cannabis—plays a major role in fatal crashes and that officers rely on observation and field testing because roadside chemical testing is limited.
MN
Minnesota 2025-2026 Regular Session
Establishing a felony offense for teachers grooming a child 2/24/26
Minnesota House Floor Meeting
Transcript Highlights:
- denied, not renewed, or revoked, or with any other offense that requires the person to register as a predatory
- focused on child safety.<00:10:12.959><c> They</c><00:10:13.200><c> target</c><00:10:13.600><c> predatory
- They target predatory behaviors, safety.
- They target predatory behaviors, not<00:10:15.040><c> educators.
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED - HB3852 -Added Mar 5th, 2026 at 10:30 am
Government Oversight
Transcript Highlights:
- I need to check the fund. Seeing, Representative Fugate, you're recognized for a question.
- But the 4% versus 6% is that based off of the value of the fund?
- Representative, what is the funding ratio of PrS? Do you know that number?
- At that time, its removal had no impact on the funded status.
- That's to increase their funding levels and bring them up to healthy levels so we can stop doing that
Bills:
HB1739 , HB1784 , HB1889 , HB2116 , HB2206 , HB3625 , HB2939 , HB3028 , HB3265 , HB3313 , HB3413 , HB3414 , HB3415 , HB3416 , HB3417 , HB3418 , HB3420 , HB3588 , HB3748 , HB3721 , HB3852 , HB4132 , HB4263 , HB4303 , HB4311 , HB4428 , HB4429 , HB4434
Committee:
House Government Oversight
Keywords:
retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED - HB3852 -Added Mar 5th, 2026
Government Oversight
Transcript Highlights:
- I need to check the fund. Representative Fugate, you're recognized for a question. Thank you.
- I didn't reach out to you in advance, but is the 4% versus 6% based off of the value of the fund?
- Because the funds that we're drawing the money from, that pot is growing.
- Representative, what is the funding ratio of PRS? Do you know that number?"
- Four of our pensions receive funds off the top to the tune of hundreds of millions of dollars, and so
Bills:
HB1739 , HB1784 , HB1889 , HB2116 , HB2206 , HB3625 , HB2939 , HB3028 , HB3265 , HB3313 , HB3413 , HB3414 , HB3415 , HB3416 , HB3417 , HB3418 , HB3420 , HB3588 , HB3748 , HB3721 , HB3852 , HB4132 , HB4263 , HB4303 , HB4311 , HB4428 , HB4429 , HB4434
Committee:
House Government Oversight
Keywords:
retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension
Summary:
The committee opened with prayer, laid over House Bill 1784 as dead, and then heard a long series of measures, many related to pensions, retirement systems, elections, and state procurement/reporting. Early bills included HB 3588 on debtor-creditor law updates, HB 3748 on county partnerships with four-year institutions, HB 4303 extending the municipal ordinance publication deadline from 15 to 30 days, HB 4311 increasing the treasurer’s share of the unclaimed property administration fee from 4% to 6%, and HB 3028 allowing CareerTech to charge processing fees. All of these advanced on due pass votes, with some opposition on HB 3588, HB 4311, and HB 3028.
A major block of the meeting focused on retirement and pension policy. The committee advanced HB 4428 and HB 4429 on proxy advisor transparency and fiduciary voting standards for retirement systems, with the author arguing they would improve transparency and keep pension decisions focused on financial returns rather than ESG/DEI considerations. Other pension-related bills that passed included HB 4132 creating a cybersecurity safe harbor for local governments, HB 1889 fixing a COLA gap for certain retired police officers and firefighters, HB 3265 defining “mental health specialist” for disability applications, HB 1739 reinstating a half-pay provision in the state law enforcement retirement system, HB 3313 changing the Retirement Freedom Act by raising contribution and match rates and eliminating vesting, HB 2116 expanding eligibility for State Fire Marshal officers, HB 2206 allowing newly hired school resource officers to join OLEERS, HB 3625 expanding school district investment options, and HB 3721 creating a survivor-benefit election for children of certain public safety officers. Most of these passed with little or no debate, though HB 1739 drew questions about actuarial “safe harbor” language and pension funding.
The latter part of the meeting centered on a package of government contracting and transparency bills from Representative Strom. HB 3413, HB 3414, HB 3415, HB 3416, HB 3417, HB 3418, and HB 3420 would require more detailed reporting of contracts, subcontractors, consulting services, and post-contract assessments; create public posting and reporting requirements through OMES and Central Purchasing; revise bidding rules for state, county, and municipal entities; require vendor ownership disclosures; allow live-streamed bid openings; and add misdemeanor penalties for violations of Central Purchasing rules. Strom said the package was intended to improve accountability, documentation, and protection of taxpayer dollars. The committee also passed HB 3852 clarifying poll worker list requirements for county election boards, HB 4434 requiring gubernatorial notice when out of state, and HB 2939 removing fax-machine references from statute. Most measures were adopted with policy recommendations and passed on strong votes, and the meeting ended with Chairman West thanking members for their work and adjourned the committee.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm
Joint Committee on Public Service
Transcript Highlights:
- I don't understand why this would be the case, but it is a loophole that has led to a predatory landscape
- The audit uncovered nearly $800,000 in improperly spent funds, including payments for services never
- schedules and properly fund their respective shares of pension costs.
- Before 1988, cities and towns and the state did not properly fund their share of public pension costs
- Funding schedules for paying down the unfunded liability have to be completed by 2040.
Committee:
Joint Joint Committee on Public Service
Summary:
The committee heard testimony on a range of public retirement and municipal health insurance bills. Mass Retirees and the American Federation of Teachers supported House 2890/Senate 1848 on transparency in municipal health insurance, arguing that broker and consultant roles should be clearly defined, commissions disclosed, and dual roles prohibited to reduce conflicts of interest and costs. They also supported House 2799/Senate 1848 on protecting municipal retirees from future premium contribution increases, House 2854 on voting rights for surviving spouses in retirement board elections, and Senate 1917 on updating the definition of veteran for retirement purposes. Committee members discussed whether the veteran definition should simply conform to the federal definition going forward.
Educators testified in support of House 2769/Senate 1921, which would allow teachers with at least 20 years of service to buy back creditable service for periods when they worked part-time while raising children. Multiple teachers described the financial and retirement penalties they experienced after stepping down to part-time work for child care, calling the current system inequitable and a “mom tax.” Sponsors and supporters said the bill is intended to correct that disparity and help retain teachers, while one committee member noted it appeared neutral on an actuarial basis.
The committee also heard strong support for Senate 1908, which would raise the cap on outside income for public pension recipients, from retired State Police troopers who said the current limit is outdated and unfair to those forced into disability retirement after line-of-duty injuries. Another State Police representative supported House 2910 on state police pensions, citing recruitment and retention problems under current pension rules. In contrast, Hampden County Regional Retirement System officials and the Massachusetts Association of Contributory Retirement Systems opposed House 2745, a bill to restructure the Hampden County system’s governance, arguing it would weaken PERAC oversight and create an unworkable local system. They instead supported House 2813, which would extend the time to fill a vacant fifth member seat on retirement boards. At the end of the hearing, the committee voted to adjourn the hearing.
CA
California 2025-2026 Regular Session
Joint Hearing Assembly Agriculture Committee and Senate Agriculture Committee Aug 4th, 2026
Transcript Highlights:
- There's no funding for ag burn and the biomass programs in the state, and there's no funding currently
- , or through our general fund.
- It's predatory. We have a lot of— Companies and processors and employers. It's predatory.
- That'll need continuing funding to support that program. program was funded with $15 million.
- But there is an opportunity for funding. It's not one of those huge funding programs.
FL
Transcript Highlights:
- reports held by an economic development agency for the purpose of administering a state or federally funded
- The release of the protected information could be used by fraudulent contractors, predatory lenders,
- The release of the protected information could be used by fraudulent contractors, predatory lenders,
- the answer is opening the door to allow faith-based batterers' intervention programs to be a client-funded
- To be a client-funded option that we have available in our neighborhoods and in our communities.
Bills:
S0062 , S0156 , S0168 , S0288 , S0290 , S0292 , S0296 , S0298 , S0364 , S0386 , S0624 , S7004 , S7006 , S7008 , S7012 , S7014 , S7016
Committee:
Senate Rules
Keywords:
candidate qualification, political party, voter registration, election law, Florida Statutes, rural electric cooperatives, energy production, Florida law, energy tariffs, regulation, agriculture, landscape equipment, gasoline-powered, ecologically significant parcels, local government regulations, public records, appellate courts, information exemption, safety, personal identifying information
Summary:
The Senate Committee on Rules met with a quorum present and considered a long agenda of bills, many of which were reported favorably. Early action included CS for SB 62 on candidate qualification, which would create an enforcement mechanism for party-affiliation qualification requirements, and CS for SB 156, the Officer Jason Raynor Act, which would clarify resistance-to-officer language and add mandatory life imprisonment for manslaughter committed against a law enforcement officer. SB 156 drew strong support from the City of Daytona Beach and law enforcement groups, while the Florida Association of Criminal Defense Lawyers opposed parts of the bill, arguing it removed useful limits on force and imposed overly rigid sentencing. The committee also approved several open-government sunset review bills, including measures extending exemptions for social media platform investigations, small business loan program records, Department of Highway Safety and Motor Vehicles investigatory records, emergency shelter recipient information, Department of Military Affairs records, conviction integrity unit reinvestigation information, Public Service Commission records and meetings, and Florida Gaming Control Commission records and meetings.
The committee also advanced CS for SB 624, allowing batterers’ intervention programs to offer optional faith-based activities, with supporters saying faith-based counseling can help reduce domestic violence and no participant would be required to take part. Other approved measures included HB 167 on former phosphate mining lands, which limits certain liability claims if notice and survey requirements are met; CS for SB 48 on housing, which requires local governments to allow accessory dwelling units and was amended to remove hearing and variance requirements and clarify local ordinance obligations; SB 288 on rural electric cooperatives, described as a negotiated glitch bill preserving co-op authority over generation and power purchases; and CS for SB 364 on public accountancy, which creates additional CPA licensure pathways and mobility provisions. The committee also approved SB 292 creating a public records exemption for appellate court clerks and their families, despite some opposition votes.
Later, the committee passed CS for SB 296 and CS for SB 298, which expand protections for victims of domestic violence and dating violence by creating a feasibility study for a secure web-based 911 alert platform and extending address confidentiality and public records protections to dating violence, stalking, and aggravated stalking victims. SB 386 on farm equipment, described as a “lemon law” for tractors and similar equipment, also passed. Additional open-government bills were approved for emergency shelter recipients, military affairs records, conviction integrity unit materials, PSC records, and gaming commission records. SB 168 on public nuisances was reported favorably as well. One bill, CS for CS for SB 290 on the Department of Agriculture and Consumer Services, was temporarily postponed after extensive stakeholder testimony; the chair allowed public comment but no vote was taken, and the sponsor indicated ongoing discussions and possible changes. At the end of the meeting, senators recorded several individual votes for the record, and the committee adjourned.
CA
California 2025-2026 Regular Session
Joint Hearing Assembly Agriculture Committee and Senate Agriculture Committee Aug 4th, 2026
Transcript Highlights:
- While an NSF-funded pilot project led by colleagues... ...operations, while an NSF-funded pilot project
- There's no funding for ag burn in the biomass programs in the state, and there's no funding currently
- or through our general fund.
- It's predatory. We have a lot of... ...companies and processors and employers. It's predatory.
- But there is an opportunity for funding. It's not one of those huge funding programs.
Summary:
The joint informational hearing focused on the state of agricultural production in California, with opening remarks from the Senate and Assembly Agriculture Committee chairs and Assemblymember Aguiar-Curry emphasizing agriculture’s economic importance and the need for stronger state investment. They highlighted concerns about water scarcity, labor shortages, rising costs, extreme weather, tariffs, pesticide and regulatory pressures, and the lack of agricultural funding in recent climate-related allocations. Aguiar-Curry also urged immediate action on the glassy-winged sharpshooter outbreak, which CDFA said would cost about $18.5 million annually to detect, monitor, and eradicate.
The first panel featured CDFA and the Department of Water Resources. CDFA described California agriculture as a $61.2 billion industry producing more than 400 commodities, but also noted farm bankruptcies, rising input and compliance costs, climate stress, trade issues, and crop removals in vineyards and almonds. DWR focused on hydrologic variability, snowpack decline, groundwater overdraft, subsidence, and SGMA implementation, and discussed tools such as forecast-informed reservoir operations, groundwater recharge, basin characterization, and the 2028 water plan update. Members asked about immediate legislative priorities, flood response after 2023, Prop. 4 and greenhouse gas reduction funding, and regulatory alignment; officials pointed to pest control, science-based water management, affordability, infrastructure, and better coordination across agencies.
The second panel examined water, climate, and resource sustainability. PPIC presented estimates that SGMA, climate change, and environmental regulations could reduce irrigation water in the San Joaquin Valley by about 20% by 2040, potentially requiring 500,000 to 900,000 acres of fallowing and affecting billions in agricultural GDP and tens of thousands of jobs. UC Merced discussed practical adaptation tools including FIRO, managed aquifer recharge, on-farm recharge, land repurposing, agrivoltaics, and crop flexibility. The Agricultural Energy Consumers Association argued that energy costs are unsustainable, that electricity and natural gas rates are rising sharply, and that state programs supporting climate-smart agriculture, biomass, and food processing need more funding and coordination. Members and witnesses discussed how limited Prop. 4 and GGRF dollars might be used for recharge, conveyance, subsidence mitigation, and regulatory improvements.
The final panel addressed workforce innovation and the future of food production. Industry representatives said food and fiber processors cannot pass along rising costs from energy, labor, workers’ compensation, packaging rules, and compliance mandates, and warned that SGMA-driven land fallowing, pest pressure, and abandoned orchards threaten small farms and processing jobs. The Almond Alliance called for periodic review of regulations, stronger invasive species response, and targeted support for orchard removal, ag burn alternatives, and water efficiency. The California Farmworker Foundation described its work providing health, education, and civil assistance services to farmworkers in multiple counties, including health navigation, field-based clinics, and food support, and stressed the needs of an aging labor force and food insecurity in rural communities. No votes were taken; the hearing was informational, with members and witnesses discussing possible future legislation and funding priorities.
CA
California 2025-2026 Regular Session
Assembly Business and Professions Committee Apr 22nd, 2025
Business and Professions
Transcript Highlights:
- Because as a society, we have under-invested and under-funded women's health research.
- It closes a predatory loophole.
- Good morning chair members Karen Stout on behalf of the Animal Legal Defense Fund.
- We also need funds for environmental repair.
- I must stress simply this level of funding does not meet the needs of our community.
Committee:
House Business and Professions
MN
Transcript Highlights:
- ,</c> agencies going weeks without funding, agencies going weeks without funding, leaving<00:30:30.559
- </c><00:40:13.599><c> in</c> couldn't get access to any funding in couldn't get access to any funding
- So that added was compounded by funds.
- So anyway, thank you very much. out a predatory loan so they can lose out a predatory loan so they can
- </c> because we just received funds. because we just received funds. >> Okay. >> Okay.
Committee:
Senate Human Services
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 20th, 2026
Banking and Finance
Transcript Highlights:
- I understand the funding that are, but we've had a mortgage crisis.
- With me to provide testimony is Dennis Porter on behalf of Satoshi Action Fund.
- I'm the CEO and co-founder of Satoshi Action Fund.
- fund, providing a new revenue source during times of economic uncertainty.
- With me again to provide testimony is Dennis Porter on behalf of Satoshi Action Fund.
Committee:
House Banking and Finance
TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part I) May 1st, 2025
Business & Commerce
Transcript Highlights:
- The City Council does everything they can to help us; they invest millions each year to fund our shelter
- To find solutions to reduce the number of dogs and cats entering our taxpayer-funded shelter.
- It requires disclosure of all costs. ...to show the funds received as well as the frequency of payments
- By engaging in predatory lending tactics, such as the practice of the confessed judgment. ...and it has
- We have provided $3.5 billion in funding to over 70,000 small businesses nationwide, and here in Texas
Bills:
HB12 , HB149 , SB229 , SB1361 , SB1749 , SB1897 , SB2113 , SB2566 , SB2677 , SB1652 , SB2327 , SB2344 , SB2696 , HB12 , HB149
Committee:
Senate Business & Commerce
Keywords:
artificial intelligence, regulation, biometric data, ethical AI, consumer protection, AI governance, automobile sales, finance, retail seller, motor vehicle purchase, motor vehicle sales, pricing restrictions, third-party financing, education, funding, student assessment, accountability, standards, motor vehicle, financing
LA
Transcript Highlights:
- The concern with this last year was that, okay, what happens to the funds that are going to go into TRSL
Committee:
Senate Retirement
Keywords:
HB 17, District Attorneys' Retirement System, retirement system, reemployed retiree, reemployment, supplemental retirement benefit, service credit, benefit suspension, public retirement, district attorney, assistant district attorney, Louisiana District Attorneys' Association, employer reporting, annual report, retirement benefits, state employees, local funds, state funds, Municipal Employees' Retirement System, part-time retirees
LA
Transcript Highlights:
- to the Veterans Service Grant Fund for use as provided by law.
- One would be set up a reserve fund that just puts... ...could be done, okay?
- One would be set up a reserve fund that just puts a certain amount into a reserve fund, a savings, okay
- HB 603 provides relative to the authorized uses of public funds.
- The proposal... ...the authorized uses of public funds.
Committee:
House Civil Law and Procedure
Keywords:
HB165, lottery proceeds, Lottery Proceeds Fund, Veterans Service Grant Fund, constitutional amendment, veterans, military veterans, veterans' benefits, veterans services, family support, state lottery, education funding, Minimum Foundation Program, problem gambling, compulsive gaming, state treasurer, ballot proposition, constitutional referendum, lottery revenue, Louisiana resident veterans
MN
Transcript Highlights:
- It's better if we are funding right?
- <00:03:37.600><c> schools</c><00:03:38.520><c> or</c> funding schools or funding schools or sales<00:
- </c><00:03:50.800><c> public</c> were going to try to fund public were going to try to fund public services
- </c> whether this is the smart way to fund whether this is the smart way to fund public<00:04:33.160>
- </c> at how to fund at how to fund the<00:29:49.920><c> public</c><00:29:50.360><c> services</c><00:29
Bills:
HF4094 , HF3390 , HF3813 , HF3583 , HF3751 , HF4324 , HF4789 , HF3596 , HF4033 , HF4424 , HF4053
Committee:
House Taxes
Keywords:
Crosby, local sales tax, bonding authority, community projects, voter approval, Owatonna, use tax, special law, community center, municipal finance, capital project, sales and use tax, local option tax, city tax, public facility, general election, bond referendum, debt limit, levy limit, Minnesota local government
LA
Transcript Highlights:
- does, but that tells you what the funding does.
- DCFS is how they get their funding right now.
- Well, first of all, we were trying to identify what funds we would need, or if there are any funds that
- He needs funds identified because they're full up.
- He needs funds identified because they're full up.
Bills:
HB611 , HB897 , HB902 , HB931 , HB1030 , HB1092 , HB1100 , HB1118 , HB1138 , HB1143 , HB1160 , HB1185 , HB1216
Committee:
House Health and Welfare
Keywords:
pregnancy help centers, healthcare services, licensure, Department of Health, medical services, counseling, regulatory compliance, public health, healthcare data, privacy, pregnancy services, confidentiality, client rights, Louisiana Pregnancy and Baby Care Initiative, trauma-informed, child education, mental health, training program, adverse childhood events, religious instruction
OK
Committee:
Senate Revenue and Taxation
Keywords:
education funding, linked deposits, education infrastructure, charter schools, nonprofit organizations, Oklahoma Education Infrastructure Program, rounding, cash payments, public finance, Oklahoma Common Cents Act, political subdivision, youth entrepreneurship, tax exemption, small business, income tax, Oklahoma Youth Entrepreneurs Promotion and Development Act, HB3661, Oklahoma sales tax, sales tax exemption, revenue and taxation
OK
Committee:
Senate Revenue and Taxation
Keywords:
education funding, linked deposits, education infrastructure, charter schools, nonprofit organizations, Oklahoma Education Infrastructure Program, rounding, cash payments, public finance, Oklahoma Common Cents Act, political subdivision, youth entrepreneurship, tax exemption, small business, income tax, Oklahoma Youth Entrepreneurs Promotion and Development Act, HB3661, Oklahoma sales tax, sales tax exemption, revenue and taxation
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.