Video & Transcript : 'land purchase' :
Page 81 of 500
MN
Transcript Highlights:
- southwest</c> on land purchased in the southwest on land purchased in the southwest Rochester<00:26:
- And then the ponds that were—the land was purchased for the ponds—is roughly a mile and a half away to
- So the pond or the land that we purchased, I think, was at $25,000 an acre.
- Chair and committee for hearing the bill and considering it. the the land that we purchased, I think
- the the land that we purchased, I think was<00:34:35.919><c> at</c><00:34:36.159><c> 25,000</c><00:34
Committee:
House Capital Investment
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Environment and Natural Resources Jun 21st, 2026 at 01:00 pm
Joint Committee on Environment and Natural Resources
Transcript Highlights:
- I sit on the Lands Committee for the East Quabbin Land Trust.
- The water that fills the Quabbin runs off adjacent town land, and its quality depends on land use activities
- Hardwick hosts over 5,900 acres of Quabbin watershed lands, including lands in state ownership, lands
- So we need to better protect our public lands as reserves because those are lands we, the public, controls
- This would be beneficial to both public lands and private lands.
Summary:
The hearing covered a broad set of environmental and water-related bills, with much of the testimony focused on blue economy and circular economy proposals, drought management, drinking water safety, flood resilience, and water infrastructure funding. Supporters of bills such as H. 987 and H. 988 described grant programs for blue economy workforce development, research, small businesses, and public education about a circular economy. Other speakers backed measures on coastal erosion research, recreational boating dredging, cranberry water-right transfers, sand mining oversight, and a voucher program for home water filtration in PFAS-impacted communities. Several elected officials and advocates also urged passage of bills to require private well testing, improve school drinking water safety, and address sand mining pollution and PFAS contamination.
Water supply and drought issues drew extensive testimony. Senator Eldridge and others supported legislation to let the state, through DEP and the drought management task force, impose regional water-use restrictions during droughts and make the task force permanent in statute. Advocates from watershed groups, farms, and environmental organizations said the current town-by-town approach is inconsistent and ineffective, and they described drought impacts on rivers, farms, private wells, and wildfire risk. A related bill on private wells was supported as a way to help homeowners test and remediate contaminated wells, especially in rural areas without public water.
The committee also heard testimony on a bill to allow the Lynnfield Water District to join the MWRA, with local officials saying the move would help address PFAS and other contamination and improve supply reliability. Another major panel supported a water infrastructure funding bill, arguing that aging drinking water, wastewater, and stormwater systems need major new investment, including support for PFAS treatment, sewer rate relief, biosolids research, and regional interconnections. Members asked about costs, funding sources, and the relationship to existing revolving loan funds; witnesses said the bill would need to be paired with future bond funding and new revenue ideas. No votes were taken during the hearing, and the chairs repeatedly invited written testimony and noted the large number of speakers.
NH
New Hampshire 2025 Regular Session
Long Range Capital Planning and Utilization Committee (02/24/2025)
Transcript Highlights:
- </c><00:12:31.639><c> is</c> Island uh currently the the land is Island uh currently the the land is
- The land is 2,350 square feet, and on that land is the hangar, the airport hangar, and that is 8,500
- The land is 2,350 square feet, and on that land is the hangar, the airport hangar, and that is 8,500
- Parcels of State own land located at 105 Parcels of State own land located at 105 South<00:23:09.760>
- </c><00:30:49.799><c> use</c> local and land local and state land use local and land local and state
Summary:
The Long Range Capital Planning and Utilization Committee met in organizational session and first elected Representative John Cluder as clerk. A nomination of Senator Mark Makoni as vice chair was made but not voted on because he was absent; it was carried over to the next meeting. The committee also reviewed its guidelines and procedures, including how it handles property-disposal requests, late items, and informational materials, and then approved the November 12, 2024 minutes with one abstention from a member who had been absent.
The committee then considered several state property and lease requests. It approved a 50-year, $1-per-year ground lease for about 5.66 acres at Berlin Regional Airport in Milan for a New Hampshire Army National Guard hangar/support facility, after hearing that the project is federally funded, intended for training and search-and-rescue support, and would have no permanent full-time staffing. The committee also approved a 30-year lease for the Department of Justice to move the chief medical examiner’s offices, morgue, and autopsy suite to 279 Pleasant Street in Concord, with testimony that the current Concord Hospital space is inadequate and that the new site would double body-storage capacity.
Several Department of Safety and Department of Transportation property items were approved as well. Safety received approval for a 10-year lease, with renewal options, for the State Police aircraft hangar at 91 Airport Road in Concord. Transportation was authorized to continue disposal efforts for remnant parcels in Concord, Conway, Lisbon, Effingham, and Mount Vernon, with testimony explaining market conditions, appraisals, access limits, and easements; members asked questions about access and buildability, but each item was approved. During the Berlin lease item, the committee was told the FAA objects to any lease longer than 50 years at that airport, so the request was revised from 55 years to 50 years on the record before approval.
HI
Hawaii 2025 Regular Session
WTL-EIG, WTL-HOU-HWN, WTL-HOU, HOU-WTL, WTL-HWN Public Hearings 02-07-2025
Transcript Highlights:
- In the recent reporting from 2023, around 4,500 acres of land purchased by foreign investors were listed
- In the recent reporting from 2023, around 4,500 acres of land purchased by foreign investors were listed
- In the recent reporting from 2023, around 4,500 acres of land purchased by foreign investors were listed
- In the recent reporting from 2023, around 4,500 acres of land purchased by foreign investors were listed
- land is part of public lands no but our land is part of the<00:34:08.480><c> part</c><00:34:08.720><
Summary:
The committees first heard SB 443, which would require agricultural-district lands with solar energy facilities to also be certified as being used for a farming operation. DLNR, the State Energy Office, and the Agri-Business Development Corporation all supported the bill but recommended changes, including shifting the certifying authority from DLNR/BLNR to the Department of Agriculture. The Attorney General also recommended replacing the certification requirement with a condition that the land be used for a farming operation, citing the lack of a clear statutory framework for certification. The Hawaiʻi Farmers Union supported the measure but suggested using existing county agricultural dedication processes and raised concerns about conversion of agricultural land. The committees adopted amendments reflecting the Department of Agriculture as the certifying body and the Attorney General’s proposed language, then passed SB 443 with amendments.
The committees then took up SB 79, relating to historic preservation reviews for state affordable housing projects. DLNR State Historic Preservation and DHHL supported the bill with amendments, including striking a redundant section and conforming the language to existing law. The committees agreed to those changes, and after a brief recess and decision-making, Water and Land, Housing, and Hawaiian Affairs each voted to pass SB 79 with amendments. The record notes that some members were excused and that the committees adopted the chair’s recommendations.
Later, the joint Housing and Water and Land hearing considered SB 26, SB 867, and SB 1170. SB 26 would create an affordable housing land inventory task force within HCDA; HHFDC supported it, while HCDA suggested an alternative approach involving county coordination. The committees amended the bill to incorporate OPSD’s proposed language, add legislative and county representatives to the task force, and include an appropriation for the Mayor Wright project, then passed it with amendments. SB 867, which creates a working group to inventory water resources and streamline well permit approvals for affordable housing, drew broad support and was amended to specify the Department of Health director rather than the Clean Water Branch chief; it also passed with amendments. SB 1170, which would exempt certain Maui affordable rental housing projects from chapter 205A, drew support from housing interests but concern from the Attorney General that it could be unconstitutional; the AG suggested narrowing the bill to disaster recovery and limiting its scope. Testifiers also discussed the Weinberg Court Apartments project and other redevelopment concerns, but the transcript ends before final action on SB 1170 is completed.
NJ
Transcript Highlights:
- bill... ...every dime out of a purchase, this bill is going to hurt consumers.
- Traffic circulation, aesthetics, broader land use considerations.
- By the way, he spoke to a magazine and talked about a house that he purchased.
- Acquisition of land for conservation and recreation purposes.
- , lease, or lease-purchase.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Aug 13th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- So they're creating pools of SBA loans, and then we are purchasing those pools of loans.
- They're purchasing SBA loans that are in BIPOC neighborhoods and BIPOC to BIPOC borrowers.
- We were concerned, and I was happy I was able to limp into the land.
- They can purchase a debit card for $5 a month if they want to use it in a more active role.
- We have more land owned by the federal government than anyone else.
CA
California 2025-2026 Regular Session
Assembly Judiciary Committee Jul 1st, 2025
Transcript Highlights:
- This is a book that I purchased 20 years ago, professional genealogy.
- , but we definitely know that it must land.
- I know a lot of lands... I'm concerned.
- So if the water drains into dry land, they're not impacted by our bill.
- Banks and other lenders purchase auto loans.
Summary:
The committee met as a subcommittee without quorum at first, then later established quorum and continued hearing several bills. SB 27, the annual CARE Court cleanup bill, would require courts to consider CARE referral for certain misdemeanor defendants found incompetent to stand trial, combine some hearings, allow limited data sharing among licensed medical professionals, and expand eligibility to include mood disorders with psychotic features. Supporters said it would clarify the meaning of “clinically stabilized,” streamline the process, and help more severely ill people receive treatment; opponents argued it would expand CARE Court too broadly, strain county resources, and divert attention from housing and voluntary services. The bill passed to the Health Committee on a roll call vote and was placed on call.
SB 82, dealing with so-called “infinite arbitration clauses,” would limit consumer contract arbitration provisions to disputes arising from the product or service actually purchased. The author and supporters said the bill would stop companies from forcing arbitration in unrelated claims and would not ban arbitration itself. Opponents from business and banking groups argued the language was too restrictive, could create litigation over related transactions, and should be clarified as prospective only. The committee approved the bill and placed it on call after a roll call vote.
The committee then heard two reparations-related bills. SB 437 would direct CSU to develop a genealogical methodology and framework for verifying descendants of enslaved people, with oversight, reporting, and guardrails tied to recently allocated state funding. Supporters said the bill would create a fair, evidence-based process; opponents, including professional genealogists and reparations advocates, argued the work is already well understood, the bill is unnecessary, and it could delay action. SB 518 would create a Bureau for Descendants of American Slavery within state government, with divisions for genealogy, property reclamation, outreach, and legal affairs. Supporters framed it as needed infrastructure to implement reparations recommendations; opponents objected to locating it in the Department of Justice, warned about data privacy and law enforcement control, and criticized the inclusion of broader communities. Both bills were moved to Appropriations and placed on call. The committee also heard SB 52, the End AI Rent Hikes Act, which would prohibit the use of algorithms to collude on and artificially inflate rental prices; the author and supporters described it as a response to AI-assisted rent fixing in California’s housing market.
KY
Kentucky 2025 Regular Session
Kentucky Housing Task Force 2025 (6-30-25)
Transcript Highlights:
- The cost of land, the cost costs, right?
- Uh one is land use and zoning sec.
- You can use it to purchase land, utilities.
- You can use it to purchase land, utilities.
- </c> that's absolutely key given how land that's absolutely key given how land prices<00:45:26.640><c
Summary:
The Housing Task Force 2.0 reconvened with several new members and heard a presentation from Kentucky Housing Corporation Executive Director Winston Miller and Deputy Executive Director Wendy Smith. They framed the task force’s work as a practical effort to address Kentucky’s housing shortage, update members on the current housing landscape, summarize existing state and federal resources, and suggest areas for the task force to focus on over the coming year.
KHC said its 2024 housing supply gap analysis found Kentucky is short about 206,000 housing units, split roughly evenly between rental and homeownership, and projected the gap could grow to 287,000 units by 2029 if current trends continue. They emphasized that every county in Kentucky needs more housing, that the 2008 housing crisis and loss of construction capacity remain major causes of the shortage, and that current pressures include high interest rates, rising insurance and tax costs, construction cost inflation, and housing prices and rents growing faster than incomes. KHC also said homelessness has risen in Kentucky, with point-in-time counts showing double-digit increases in recent years.
The presenters reviewed existing resources, including federal programs, the Kentucky Affordable Housing Trust Fund, the rural housing trust fund, KHC mortgage and down payment assistance programs, and the state mortgage interest deduction. They said these resources are important but insufficient to close the gap, and noted that a proposed federal FY2026 budget would cut HUD programs by 44%, potentially removing about $286 million from Kentucky housing resources, though no action has been taken yet. They urged the task force to consider stronger, more flexible tools such as a revolving loan fund, a state affordable housing tax credit, and economic development and employer-assisted housing incentives, and pointed to Indiana’s housing infrastructure and regional development funds as examples. No votes or formal actions were taken in the portion provided.
MO
Transcript Highlights:
- on that land.
- And then the other land, the land used for cattle or for grazing, that land is separated out and taxed
- Even if the entirety of the land is one plot, part of the land is— Land is being divvied out, even if
- land, the land where their home sits and the land surrounding it would currently be taxed one way.
- The golf course itself, the land, the underlying land, is residentially assessed.
Committee:
House Ways and Means
FL
Florida 2026 Regular Session
FL House Floor Session - 2025-04-25 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- and they build on that land... ...an investment in development, like if someone donated land and they
- It is not that they have to go find... ...tenant or occupant of the land.
- rather than the people who are purchasing it.
- And I'll bring it in for a landing, Mr. Speaker.
- And I'll bring it in for a landing, Mr. Speaker.
Summary:
The House opened with prayer, a moment of silence for fallen Oviedo Officer Jimmy Serrano-Torres, the Pledge of Allegiance, and recognition of Chief Joseph Tuminelli as law enforcement officer of the day. The chamber approved the journal and adopted the special order report, and the Speaker announced a schedule change canceling the floor on Monday and starting Tuesday at 10:30 a.m.
The main business was CS for HB 7033, the House tax package, presented by Rep. Duggan. He described a broad set of tax changes, including the previously passed sales tax rate reduction from 6% to 5.25%, exemptions for certain bullion sales, changes to tourist development tax (TDT) use, property tax administration updates, affordable housing-related exemptions, repeal of the aviation fuel tax, delayed natural gas fuel tax implementation, corporate income tax changes, and other provisions. Debate focused heavily on the TDT section and the bill’s property tax relief structure. Amendments to preserve local flexibility or remove the TDT restrictions were offered and debated; one Duggan amendment was adopted to allow local governments to keep 25% of TDT revenues for general use while directing 75% to property tax relief, and another amendment requiring audit certification of compliance was also adopted. A combined reporting amendment offered by Rep. Eskamani to close corporate tax loopholes was debated at length but failed.
On final passage, supporters argued the bill provides immediate, permanent tax relief and affordability help, while opponents said it diverts tourism dollars away from local needs and could harm tourism-dependent counties and services. CS for HB 7033 passed the House 78-29. The chamber then took up CS for CS for HB 1221 on local option taxes, which would give local governments more control over certain local taxes and, as presented, redirect TDT revenues toward property tax relief with some local flexibility. After questions and amendments, including a Miller amendment allowing 25% of TDT revenue for general purposes and another accountability amendment, the bill moved to final debate. Members split sharply: supporters framed it as immediate tax relief and local accountability, while opponents warned it would undermine tourism marketing, infrastructure, and county budgets. The transcript ends during closing debate on HB 1221, before final passage is recorded.
NM
Transcript Highlights:
- I think part of it was intended to help match federal funds for purchasing private land in the floodplain
- in Ruidoso and turning it into public land, if I recall.
- Is that to buy private land in Ruidoso? Some of it is, to my understanding, Mr. Chairman.
- I don't, but I don't know if we should be buying public land in Ruidoso at this time.
- And I'm not into buying more land in this state by the state government.
Committee:
Senate Senate Finance
Keywords:
cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds
ID
Transcript Highlights:
- This has to do with the code that deals with cooperative and group discount purchasing within the Department
- Discount purchasing within the Department of Administration, mainly the procurement division.
- We may be using federal funds for a project or crossing federal lands for a project.
- Chairman and Senator, I have been told that I would have to purchase that money.
- Chairman and Senator, how—if you have to purchase it?
Committee:
Senate State Affairs
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 1/21/25
Energy Finance and Policy
Transcript Highlights:
- This section will go into effect for sales and purchases made after June 30th, 2026.
- This section will go into effect for sales and purchases made after June 30th, 2026.
- This section will go into effect for sales and purchases made after June 30th, 2026.
- This section will go into effect for sales and purchases made after June 30th, 2026.
- This section will go into effect for sales and purchases made after June 30th, 2026.
Committee:
House Energy Finance and Policy
NH
Transcript Highlights:
- But the land fraud, vacant land fraud, is a big part of what we see.
- Um she think it could be a land fraud."
- So if you have no ownership ultimately, you can—it’s still your land if it was your land. Yeah.
- if it was you can it's still your land if it was your<00:56:56.400><c> land.
- </c> your land. your land. >> Yeah. >> Yeah. >> Yeah.
Committee:
Senate Judiciary
FL
Florida 2026 Regular Session
Appropriations Committee on Transportation, Tourism, and Economic Development Apr 15th, 2025
Appropriations Committee on Transportation, Tourism, and Economic Development
Transcript Highlights:
- and it takes a lot of time to reposition and make sure they have the market demographics before they land
- This focuses on military land transfers, ensuring our military installations remain secure from civilian
- dismantles key functions of Florida's regional planning councils, weakening regional coordination on land
- This has created an opportunity to purchase businesses as well as to create more jobs because they're
- And I ended up being able to purchase my first building to grow I ended up being able to purchase my
Summary:
The Appropriations Committee on Transportation, Tourism, and Economic Development heard three bills after temporarily postponing SB 1524. The committee first took up CS for SB 1264, a broad economic development bill covering law enforcement recruitment bonuses, venture capital tax credits, data center tax exemptions, military land transfers, Space Florida procurement exemptions, and changes to regional planning councils. An amendment was adopted to remove sections tied to emergency management shelter plans so the bill would align with another measure. The main debate centered on the proposal to repeal regional planning council statutes; supporters argued the councils are duplicative and bureaucratic, while opponents said they provide valuable regional coordination, technical assistance, and grant support, especially for rural communities. The bill was reported favorably 13-1, with Senator Sharif voting no.
The committee then considered CS for SB 1348, which streamlines motor vehicle services by expanding the role of tax collectors as DHSMV agents. Three amendments were adopted: one making the scalping of driver and motor vehicle appointment slots a misdemeanor, one increasing penalties for texting while driving and requiring a new distracted-driving course to remove points, and one allowing veterans with DV plates to use a sticker instead of a stencil or imprint. The bill received supportive testimony from tax collectors and law enforcement-related groups and was reported favorably without opposition.
Finally, the committee heard SB 936, which directs the Department of Commerce’s workforce research bureau to conduct a recurring statewide study every three years on the effects of automation, robotics, and AI on Florida’s workforce. The sponsor said the study would have minimal fiscal impact and would help guide policy recommendations. With no opposition or debate, the bill was reported favorably. The committee then adjourned after brief closing remarks thanking staff and members.
WY
Transcript Highlights:
- Do does Craig of vehicle purchases.
- :09.279><c> are</c> They're purchasing products that are They're purchasing products that are higher<
- </c> Have we purchased this metal?
- What was the statutory date for that purchase, and when was that purchase made?
- </c><02:29:01.920><c> The</c> and when was that purchase made? The and when was that purchase made?
Committee:
Joint Appropriations
NM
New Mexico 2025 Regular Session
IC - Revenue Stabilization and Tax Policy Sep 30th, 2025
Revenue Stabilization & Tax Policy Committee
Transcript Highlights:
- : federal land, state land, tribal land, private land.
- As we all know, the land in New Mexico is a checkerboard in many places.
- , but later to be determined to be less than 100% federal land.
- On federal land, which is shared with New Mexico.
- Purchases without a prescription are taxable.
MO
Transcript Highlights:
- If you're going to purchase a $50,000, Purchase, you know, a $50,000 pickup truck, and you say, boy,
- It is 25% of the purchase price of the vehicle.
- I mean, they can purchase it by the month, but they can't just purchase it for one month and never purchase
- So I just wondered, where's it going to land in that red light camera world?
- But I don't know where the money is landing, but I thought, “And maintain the cameras.
TX
Transcript Highlights:
- To be a member of the Texas Farm and Ranch Lands Conservation Council: Andrew C. Polk, Lufkin.
- We landed at Rhein-Main Air Force Base, got off of that 141, and there were Vietnam veterans that...
- It is the supreme law of the land, and there is a process to do this. It's called the courthouse.
- The challenges of food deserts include where people can purchase food, and that’s why a long time ago
- the purchase of any food or beverage item produced or processed or manufactured within the state of
Bills:
SJR37 , SJR57 , SB7 , SB8 , SB16 , SB108 , SB125 , SB207 , SB318 , SB371 , SB379 , SB396 , SB406 , SB503 , SB533 , SB565 , SB578 , SB599 , SB686 , SB689 , SB707 , SB763 , SB854 , SB857 , SB875 , SB878 , SB920 , SB924 , SB961 , SB965 , SB985 , SB988 , SB1021 , SB1024 , SB1026 , SB1038 , SB1059 , SB1185 , SB1202 , SB1207 , SB1252 , SB1330 , SB1396 , SB1484 , SB1527 , SB1535 , SB1596 , SB1619 , SB1697 , SB1737 , SB1741 , SB1841 , SJR36 , SJR12 , SJR57 , SJR37 , SCR22 , SCR12 , SB565 , SB765 , SB62 , SB666 , SB707 , SB888 , SB687 , SB847 , SB1248 , SB504 , SB857 , SB305 , SB296 , SB284 , SB1497 , SB1498 , SB241 , SB304 , SB621 , SB1023 , SB1024 , SB686 , SB371 , SB204 , SB609 , SB670 , SB850 , SB854 , SB413 , SB1346 , SB1033 , SB1220 , SB1073 , SB810 , SB1539 , SB447 , SB875 , SB406 , SB985 , SB965 , SB1119 , SB1505 , SB1215 , SB1302 , SB856 , SB583 , SB673 , SB681 , SB1172 , SB1252 , SB608 , SB955 , SB957 , SB988 , SB1021 , SB1120 , SB251 , SB541 , SB379 , SB1737 , SB266 , SB1415 , SB1527 , SB125 , SB599 , SB1330 , SB53 , SB1352 , SB785 , SB472 , SB1450 , SB1502 , SB1566 , SB414 , SB1062 , SB961 , SB1038 , SB578 , SB711 , SB746 , SB942 , SB1404 , SB1448 , SB1738 , SB108 , SB8 , SB318 , SB507 , SB533 , SB689 , SB1026 , SB1349 , SB1355 , SB1433 , SB1434 , SB1596 , SB1403 , SB763 , SB667 , SB1059 , SB617 , SB1567 , SB503 , SB16 , SB310 , SB311 , SB396 , SB505 , SB1209 , SB1210 , SB1470 , SB264 , SB924 , SB1029 , SB1185 , SB1202 , SB1358 , SB1364 , SB1569 , SB1697 , SB1376 , SB1228 , SB519 , SB878 , SB1350 , SB462 , SB1535 , SB827 , SB1585 , SB207 , SB1207 , SB1619 , SB1396 , SB920 , SB1484 , SB1273 , SB1741 , SB7 , SB927 , SB1227 , SB1229 , SB1353 , SB1366 , SB1464 , SB1709 , SB1729 , SB1733 , SB1744 , SB1772 , SB1816 , SB1841 , SB2188 , SB1147 , SB879 , SB1008 , SJR81 , SJR50 , SCR39 , SB1536 , SB2016 , SB1453 , SB1173 , SB1163 , SB996 , SB27 , SB568 , SB1370 , SB1321 , SB1101 , SB906 , SB860 , SB1563 , SB993 , SB693 , SB1610 , SB1537 , SB836 , SB1332 , SB1307 , SB963 , SB493 , SB922 , SB984 , SB1084 , SB619 , SB1098 , SB1122 , SB455 , SB522 , SB1057 , SB1239 , SB1254 , SB1255 , SB1259 , SB1341 , SB1664 , SB1877 , SB464 , SB1277 , SB32 , SB732 , SB660 , SB731 , SB921 , SB268 , SB1822 , SB1188 , SB1939 , SB1589 , SB397 , SB1388 , SB2230 , SB1058 , SB1036 , SB1267 , SB2112 , SB1930 , SB532 , SB1035 , SB2155 , SB508 , SB29 , SB292 , SB291 , SB901 , SB1333 , SB1436 , SB1494 , SB964 , SB779 , SB1378 , SB2312 , SB1719
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 9th, 2026
Transcript Highlights:
- And after the local election law, we had issues where, like in the HILOC, we had people that had land
- Are we talking a $20 million purchase, or how much money are we talking to get the equipment that we
- the bill, contemplates expanding the film tax credit to certain expenditures that occur on tribal land
- And then depending on who the purchaser and the seller are, you know, may or may not come through that
- Chair and Representative Lundstrom, I think the complication for them probably is that they have land
Summary:
The committee first took up House Bill 108, which amends the Watershed District Act to fix a problem created by last year’s changes: appointed watershed district boards could not legally levy taxes, even though several districts already had mill levies. The sponsor and staff explained the bill would preserve the existing tax authority by tying it to the soil and water district responsible for the watershed district. There was no public opposition, and the committee voted do pass on HB 108 as amended.
The committee then heard House Bill 154, a tax credit bill intended to decouple New Mexico’s Advanced Energy Equipment Tax Credit from changing federal definitions and to add fusion machines and related components to the state definition. Supporters from economic development, industry, utilities, and education argued the bill would provide certainty, attract advanced manufacturing, and help New Mexico compete for investment without changing the credit’s caps or fiscal impact. Members questioned why hydrogen, geothermal, and small modular reactors were not included; staff said those technologies were not in the federal definition and that adding them now could create unintended consequences. The committee voted do pass on HB 154, with one member voting reluctantly yes.
House Bill 291, the Taxation and Revenue Department’s annual tax code cleanup bill, was then presented and amended twice. The first amendment preserved New Mexico’s independent definition of qualified research for the tech jobs and R&D credit. The second removed a proposed expansion of the film tax credit to certain tribal expenditures after concerns about fiscal impact; members discussed possible future approaches for tribal film activity and the film partner loophole. The bill also makes technical and policy changes including rounding certain payments to the nearest nickel, waiving interest when tax deadlines are extended for good cause, removing small late-filing penalties in some cases, allowing delinquent taxpayers to renew permits under installment agreements, intercepting excess delinquent property tax auction proceeds for other state tax debts, clarifying tobacco tax treatment for larger vape cartridges, and tightening film credit rules. After public opposition from business groups and discussion from members, the committee voted do pass on HB 291 as twice amended.