Transcript Highlights:

• To property tax classifications in the city of Watertown.
• the office and lab values are declining slightly.
• We air values up front because if we want to know if there's problems, we want to know about it.
• But, you know, because of assessed values and things, it changes.
• The means-tested senior citizen property tax exemption in the town of Sudbury.

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hybrid hearing on 17 late-file and miscellaneous bills, with testimony focused on several local tax and fee proposals. The first major item was H. 4687 for Watertown, which would permanently continue a special property tax classification allowing the city to maintain a 50% residential minimum factor and a 175% commercial shift. Watertown officials and local legislators said the measure is needed to prevent an estimated 18% residential tax increase when the current temporary authority expires, arguing that the city’s commercial growth and 1988 tax rules have created an unintended burden on homeowners, especially seniors. Committee members asked about the regional business impact, whether major taxpayers might leave, and why a permanent change was sought instead of another short extension; Watertown officials said the policy had not deterred commercial growth and that the city’s fiscal planning and stabilization funds were being used for schools, infrastructure, and bond rating support. The committee also heard H. 4435 from Charlemont, which would authorize a local tax on commercial recreation services. Town officials described Charlemont as a small rural community with a large visitor burden from skiing, rafting, and other recreation, saying police, fire, and EMS costs rise sharply during peak seasons and that the tax would help shift some of those costs to visitors rather than local residents. A committee member questioned the legal structure of taxing recreation services versus goods, but the town said the proposal was modeled on the meals and rooms tax and had local business support. Finally, testimony was taken on H. 4722, promoting fair tax treatment for zero-emission vehicles, especially electric school buses and Class 3-8 trucks. Supporters, including EV advocates, a school transportation company, and Rep. Gentile, said the bill would cap sales and excise taxes on EV vehicles at the level of comparable diesel vehicles to remove an unintended tax penalty, keep revenue neutral, and support the state’s climate goals while helping school districts and private bus operators manage higher upfront costs. Rep. Gentile also spoke in support of H. 4755, which would amend Sudbury’s means-tested senior property tax exemption so the town would not need new special legislation if the program is renewed again in the future. No votes were taken, and the hearing concluded after public testimony and committee questions.

Transcript Highlights:

• value at all.
• the property, and that adds value to the property.
• a break because now you're going to be taxed at the rehabilitated property value.
• taxes, or they have less than $10,000 of property taxes to pay on that property.
• It stays with the property and the title property owner.

Summary: The Senate Committee on Revenue and Fiscal Affairs met on May 11, 2026, approved the April 27 minutes, and then took up several House bills. HB 618, by Rep. McMakin, would update Louisiana Economic Development fees and filing charges by indexing them to inflation and allowing some discretion to waive or reduce fees for small businesses; it was reported favorable. HB 732, by Rep. Owen, drew extensive discussion because it combined two issues: temporary OMV relief for a hospice-related ID problem and a suspension of the new hybrid vehicle road usage fee. Members and the OMV commissioner raised constitutional and drafting concerns about waiving or eliminating obligations, and the committee discussed how newer vehicle classifications blur the line between electric, hybrid, and gas-powered vehicles. The committee ultimately reported HB 732 favorable, with the understanding that amendments and further work would be needed before floor action. The committee also reported favorable on HB 217 and HB 214 by Rep. Henry, which would authorize local governments to grant property tax exemptions for the rehabilitation of blighted property and place the related constitutional amendment before voters. Testimony emphasized that the measure is permissive for local governments, applies only after a property is formally blighted and rehabilitated, and is intended to encourage redevelopment while preserving some tax revenue. Members discussed the exemption level, duration, and the need for clearer definitions of blight, but no objections were raised. HB 593, also by Rep. Henry, would raise the maximum service fee for OMV public tag agent offices statewide; the commissioner explained that many offices are locally operated and that the increase would help cover costs, and the bill was reported favorable. Later, HB 514 and HB 961, by Rep. Foreman, were reported favorable. HB 514 would allow local governments, by referendum, to provide additional property tax relief for seniors who meet income and freeze requirements, with phased age-based eligibility steps; HB 961 would extend a similar concept to certain homesteads held in trust. Members discussed the optional local nature of the program and the need to avoid overly broad rules. HB 908, by Rep. Mina, would increase certain Secretary of State business services fees to support operations and system upgrades; agency officials said the fees had not been comprehensively adjusted since 2013 and remained below regional averages, and the bill was reported favorable. The committee then heard an informational update on the capital outlay bill from the Division of Administration, including the use of bundled projects for universities and DOTD, the status of P1/P2/P5 funding, and available cash capacity. Finally, HB 1010, by Rep. Deshotel, was reported favorable after brief discussion; it would require assessors to report property tax collections to the Louisiana Tax Commission for centralized public reporting.

Transcript Highlights:

• Under this bill, the property owner retains his homestead exemption for that portion of the property
• of property across the state of Florida.
• There are four eligible property types.
• Property owners can remain in their neighborhoods and be connected to their communities and their property
• The neighborhood continuity reduces disruption for residents and stabilizes local property values, and

Summary: The Committee on Community Affairs met with a quorum present and heard several housing and disaster-recovery items. The committee heard SB 48 by Senator Gates, which would require local governments to allow voluntary accessory dwelling units, preserve homestead treatment for the owner-occupied portion of the property, limit undue parking restrictions, require 30-day minimum rentals, extend certain density bonuses for military families, and allow reusable tenant screening reports. The bill drew strong support from the Florida Association of Mortgage Professionals and several others, and it was reported favorably. The committee also heard SB 34 by Senator Sharif, creating a historic cemeteries program to help preserve historic African-American cemeteries and allow sale of excess vacant land if proceeds are used for long-term maintenance; it was also reported favorably. The committee then considered and recommended confirmation of Fox Henderson to the Board of Directors of the Florida Housing Finance Corporation. Members also received a presentation from the Department of Commerce on the Community Development Block Grant Disaster Recovery program and Rebuild Florida. Deputy Secretary Justin Domer described the state’s administration of HUD disaster recovery funds, including more than $4.3 billion received since 2017, housing repair and replacement programs that have completed 5,271 homes, and infrastructure and mitigation projects such as sewer conversion in Alford, the new Calhoun-Liberty Hospital, and the Florida Keys desalination plant. Members asked about average project costs, contractor oversight, corrective actions for deficient work, and audit procedures; Domer said the department uses inspections, vendor oversight, and financial penalties, and noted stricter contract consequences in newer programs. The Division of Emergency Management also presented on Elevate Florida, a federal mitigation program that allows homeowners to apply directly for elevation, reconstruction, acquisition/demolition, or wind-mitigation projects, with a 75/25 federal-homeowner cost share and no state funds. Director Kevin Guthrie said the program is designed to reduce repetitive flood losses and keep homeowners in place, and that it has received more than 12,000 applications, with about 1,500 prioritized, 500 on a wait list, and 305 submitted to FEMA for final approval. Members asked about the 25% match for seniors, the wait list, contractor procurement, and how projects are classified; Guthrie said the program uses insurance proceeds where available, has competitively procured 27 contractors, and may shift projects from elevation to reconstruction depending on damage and flood rules. The committee adjourned after the presentations and discussion.

Transcript Highlights:

• around the state and the home values around the state and the home values have<00:09:52.800>
• Um, yeah, the exemption also extends to the full value of the property if debt arises from a catastrophic
• The values of real value of incomes.
• of a property may be claimed as a value of a property may be claimed as a homestead<00:26:05.679>
• of property, and hide it and shield it. of property, and hide it and shield it.

Keywords: 1191, senate, all

Transcript Highlights:

• And then finally, three, the park owner will likely not receive fair market value for their property.
• He said that is done through appraisers, who professionally appraise property values.
• park into a 500-unit condo property, or the fair market value of remaining as an existing mobile home
• I think appraisals are the way you value property.
• And I think the appraisal process that's in the bill is the way we value property.

Summary: The committee heard several bills, with most drawing support after amendments or ongoing stakeholder negotiations. SB 29, by Senator Laird, would extend a sunset on the law allowing pain-and-suffering claims to survive a plaintiff’s death; supporters, including a family member describing a medical negligence case, labor groups, consumer advocates, and disability and elder organizations, argued it prevents defendants from running out the clock, while hospitals, medical groups, and business organizations warned of higher costs and added liability. After extensive debate about data collection, settlement reporting, and the impact on health care access, the bill passed to Appropriations on a divided vote. SB 294, by Senator Reyes and presented by Senator Laird, would require employers to notify a worker’s emergency contact if the worker is arrested or detained and would create a template to inform employees of state and federal labor rights. Labor and worker advocates said the bill would help workers understand and enforce their rights amid weakened federal enforcement; there was no opposition on file, and the bill passed unanimously to Appropriations. SB 697 would modernize water-rights adjudication by allowing the State Water Board to use technology instead of requiring in-person field investigations; with no opposition, it also passed unanimously. The committee also advanced SB 37 on attorney advertising, SB 645 on peremptory challenges in civil cases, SB 303 on bias-mitigation trainings in public workplaces, and SB 464 on expanding pay-data reporting for specified state workers. SB 37 drew support from consumer and legal groups but concerns from Walker Advertising about joint advertising; members said negotiations were ongoing, and the bill passed. SB 645 would extend anti-bias jury-selection rules to certain civil rights cases; criminal-defense and defense groups said they were close to agreement, and the bill passed. SB 303 and SB 464 were both amended to narrow scope and moved forward after several opponents shifted to neutral or removed opposition. The committee also approved a consent calendar of additional bills, all sent to Appropriations.

Transcript Highlights:

• Market value for a property can vary dramatically from an appraised value, and sometimes they're not
• The goal is to have an appraised value that approximates market value, but it doesn't always work that
• > get in appraised value because you can get in appraised value because you can get off<00:06:
• <00:06:49.039> uh<00:06:49.720> the The average market value, uh, the appraised value
• The other thing is that market value for a lease of a unit can be quite different than the value of the

Keywords: 928, house, all

Summary: The subcommittee discussed HB 694, focusing on how to set fair market rates for lease renewals involving state agencies and political subdivisions. Members and the New Hampshire Association of Counties worked through draft language defining fair market value, including how appraisals, depreciation, and building deficiencies should be considered. Testimony emphasized that market value and appraised value can differ significantly, and that the bill should allow flexibility rather than require a rigid formula. The group also debated what expenses should be included in lease terms. After discussion of examples such as utilities, custodial services, insurance, maintenance, and newer needs like communications or internet service, members agreed not to create an overly specific list. They settled on language stating that additional expenses, including but not limited to utilities and custodial services, would be negotiated separately. The final amendment was revised to apply to lease renewals for land, buildings, or space between a political subdivision and the State of New Hampshire, with renewals at fair market rate unless otherwise agreed by the lessor. The subcommittee agreed to have the amendment drafted at OLS and then closed the public subcommittee meeting on HB 694.

Transcript Highlights:

• <00:15:40.480> and multiparil um uh properties and multiparil um uh properties and policies
• and home properties. >> Okay.
• of commercial and home properties. of commercial and home properties.
• High-value commercial property in the cities or a facility exposed to severe wind or hail, coverages
• <01:52:55.760> property.

Keywords: 1183, house

Transcript Highlights:

• And those three values you'll hear me reference a few times.
• All of these potential risks, if realized, can... and property.
• Recommendation 7 is around property disposition and the PDR, or property disposition request system.
• property.
• You know, it would be considered more of a lower-value thing.

Keywords: 907, all

Summary: The Joint Interim Committee on Legislative Audits met on June 17 for informational presentations. The Department of Administrative Services, through Chief Audit Executive Eli Ritchie, gave an overview of statewide internal audit requirements and the fiscal year 2025 report. He explained the difference between internal and external audit, described Oregon’s statutory and rule-based internal audit structure, and reported that 30 agencies had internal audit functions, with most meeting required standards. He said 73 audits and 49 advisory/consulting engagements were completed statewide, with strong compliance overall, though a few agencies were rebuilding audit committees after vacancies. No committee questions were raised after the presentation. The Secretary of State’s Audits Division then presented its Government Waste Hotline annual report. Director Steve Bergman and audit manager Olivia Rekhed described changes made to align the hotline with statute, including renaming it the Government Waste Hotline, creating a review panel, improving anonymity protections, removing fraud reporting from the hotline’s scope, and adjusting reporting timelines. They said hotline volume increased modestly in 2025, most reports were referred elsewhere or closed for insufficient evidence, and two reports were substantiated, including questioned costs of about $856 for personal use of a state vehicle and about $2.9 million tied to the Preschool Promise program. Committee members asked about hotline staffing, cost, anonymity, and follow-up on findings; staff said the hotline is lightly resourced, uses a contracted intake service, and referrals or recommendations are followed up through management letters and later reviews. The committee also heard an audit of the Oregon Parks and Recreation Department’s safety inspections and asset tracking. The Secretary of State’s office reported that OPRD had not consistently conducted or documented quarterly OSHA safety inspections and had incomplete asset records, including missing acquisition dates and costs for many assets. The audit made eight recommendations covering safety inspection policies, asset management guidance, tagging, reconciliations, disposition controls, training, and a new asset management system; OPRD agreed to all recommendations. OPRD officials said they had already begun training staff, improving inspection procedures, and working toward a replacement asset system, while noting operational challenges from a large, dispersed park system and manual processes. Committee members asked about what kinds of assets are tracked, how tagging works, whether items were actually being lost, and how much tracking is necessary for low-value tools; OPRD said the main issue was inconsistent classification and documentation rather than widespread loss. The meeting ended with no votes or formal actions taken.

Transcript Highlights:

• of the portion of the appraised value of the person's property that is attributable to the installation
• the portion of the assessed value of a person's property that is attributable to the installation on
• , the portion of the assessed value of the person's property that is attributable to the installation
• of real property that arises from the use of xeriscape on the property, referred to the Committee on
• consisting of animal feed held by the owner, property for sale at retail.

Summary: The House met to read a large slate of newly filed bills and resolutions and refer them to committees. The measures covered a wide range of topics, including health care and insurance, public education, elections, criminal justice, public safety, taxes, transportation, agriculture, environmental regulation, higher education, housing, and local government. Several proposals focused on abortion and reproductive health, firearms, voter registration and ballot access, school curriculum and accountability, property tax and homestead issues, and state contracting and agency oversight. A number of constitutional amendments were also filed, including proposals on initiative and referendum, veto override authority, vaccination refusal, parental rights in education, gun rights, Medicaid expansion, and various tax exemptions. No substantive debate, testimony, or votes occurred during this portion of the meeting; the clerk simply read the bills and resolutions and announced their committee referrals. The list included both general legislation and joint resolutions, with many items sent to standing committees and several to subcommittees. The House then adjourned without objection until 2 p.m. on Tuesday.

Transcript Highlights:

• of the standards that address accessible design of the buildings or other properties facilities.
• The subcommittee on property tax appraisals, HB 1548 by Raymond, ruling to the exemption for ad voem
• of certain real property for ad valorem tax purposes.
• individuals or entities for a limitation. on the taxable value of a property of the School District
• of the residential real property that arises from the installation of the property of certain energy

Keywords: 1184, house, all

Transcript Highlights:

• So you can see from 2001 to 2022, there's 66,000 acres of property that have been protected.
• , the natural resource value, landscape context, and the condition of the property, as well as additional
• It runs through our property for 11 miles, all the way up and down it.
• He knows every fence line, every oak hammock, and every pond on that property.
• in conservation assessed land value is just under $10 million and the taxable value is about $4.5 million

Summary: The Senate Committee on Agriculture convened with a quorum and heard presentations focused on land conservation and agricultural preservation in Florida. The Department of Agriculture and Consumer Services briefed the committee on the Rural and Family Lands Protection Program, explaining that it protects active agricultural lands through permanent conservation easements while keeping land in private ownership and on the tax rolls. The presentation emphasized eligibility for greenbelted active agricultural operations, required best management practices, and the program’s role in protecting food supply, water resources, habitat, and military buffering. Officials said the program’s 2025 ranked list includes 428 projects, with about 75 projects expected to start this year, and noted strong partnership funding from federal, local, and conservation partners. Committee members asked about eligibility, annual re-ranking, local government involvement, and the number of projects likely to receive funding. Tracy Dean of Conservation Florida testified in support of continued and increased funding for land conservation, arguing that Florida is losing agricultural and natural lands and that conservation easements and fee-simple acquisitions are complementary tools. She said land trusts work with willing landowners to protect ranches, wetlands, forests, and wildlife corridors, and stressed the importance of maintaining momentum so projects do not stall as land values rise. In discussion with senators, she said public access to conserved lands depends on the specific deal and the landowner’s goals, and that access is more commonly provided through lands acquired for parks, forests, and other public green space. The Department of Environmental Protection then updated the committee on the Florida Forever program. DEP said the program uses both conservation easements and fee-simple acquisitions, with about half of acquisitions done through easements, and that it provides benefits including water quality, habitat protection, recreation, and military readiness. Officials reported 60 projects on the 2025-26 work plan, most in the Florida Wildlife Corridor, and said the state has invested more than $1.4 billion since 2019, acquiring over 374,000 acres. They highlighted recent acquisitions for Sandy Creek State Forest, Catfish Creek Preserve State Park, and a new state park in Walton County, as well as the program’s 200th conservation easement. The committee also discussed funding levels, payment in lieu of taxes impacts on small counties, and broader priorities such as citrus, roads, and support for agriculture; no votes were taken, and the meeting ended with adjournment.

Transcript Highlights:

• claims that an Adu will impact property claims that an Adu will impact property values<00:17:05.600
• and increases the value of the property and increases the value of the property and it's<00:17:15.199
• <00:17:46.760> have Property Owners or that values have Property Owners or that values have
• values and the support higher property values and the problem<01:28:23.159> with<01:28:23.360
• the property, the assessment, the value of the property as a commercially zoned structure.

Keywords: 928, house, all

Summary: The House Housing Committee heard testimony on HB 577, a bill to expand accessory dwelling units (ADUs) in New Hampshire. The sponsor and supporters described the state’s housing shortage and argued the bill would make it easier for property owners to build ADUs by right, up to 950 square feet, either attached or detached, while still requiring compliance with building codes, septic/water limits, and other local requirements. Supporters said the measure would help seniors age in place, provide housing for young adults, caregivers, and workers, and make better use of existing property such as garages and barns. Representative Reed raised concern that removing language related to short-term rentals could allow ADUs to be used for that purpose rather than long-term housing. The sponsor said he was open to clarifying language on short-term rentals, and another witness explained that current law already allows municipalities some choice on ingress/egress requirements, while the bill would standardize that and leave the design choice to the property owner. Several supportive witnesses followed, including the New Hampshire Home Builders Association, the New Hampshire Association of Realtors, the Business and Industry Association, AARP, Housing Action New Hampshire, 603 Forward, and New Hampshire Youth Movement. They emphasized affordability, property rights, workforce housing, intergenerational living, and the need for statewide consistency. A Derry resident testified that his existing garage space could be converted into an ADU under HB 577, but current local rules prevent that because it is detached; he said the bill would let him rent it affordably. Supporters also argued that ADUs can increase property values and help homeowners cover mortgages and taxes. In opposition, the New Hampshire Municipal Association said the bill would impose a local zoning mandate, could add density pressure on already stressed infrastructure, and did not guarantee that new units would be affordable or workforce housing. No vote or final committee action was taken in the excerpt.

Transcript Highlights:

• So you can see a huge, huge return back to the farmer and the ability to increase value on this property
• I think that if it were figured out, we could better distinguish between the values, the true values
• of that nuisance hole and the values of a true wetland because there absolutely is, I believe, value
• I think that if it were figured out, we could better distinguish between the values, the true values
• of that nuisance hole and the values of a true wetland because there absolutely is, I believe, values

Keywords: 908, all

Transcript Highlights:

• The bill first increases the value of real property exempt from the transfer tax from $100 to $1,000.
• , even though the actual value of the property significantly exceeds that threshold.
• So in subdivision two, it talks about the value in determining the value.
• value.
• Otherwise, we're going to have different ways to value properties. So that would be the amendment.

Keywords: 994, senate, all

Summary: The committee met with a quorum, approved the prior minutes, and then considered a series of House bills, with several administrative reminders about floor session and the need to keep testimony focused. House Bill 4169, which expands the list of professionals who may provide the verified mental health certificate needed to petition to regain firearm possession rights, was reported to the full Senate without amendment. House Bill 4364, establishing concurrent jurisdiction with the federal government over certain military lands and related juvenile matters, was amended with technical/title changes and then reported as amended. House Bill 4366, allowing military protective orders to be used as evidence in protective-order proceedings and requiring notice to issuing agencies after arrests, was also amended and reported as amended. The committee then took up House Bill 4415, a strike-and-insert measure increasing penalties for bringing telecommunications devices and other contraband into correctional facilities, expanding the definition of telecommunications device, and adding federal correctional facilities; the strike-and-insert and title amendment were adopted, and the bill was reported as amended. House Bill 4606, which revises bail factors and adds language stating a magistrate may not release a felony defendant on personal recognizance, drew extensive debate and testimony from the House Judiciary chair, court system officials, and advocates. Concerns centered on whether the bill conflicted with existing code, whether magistrates should be barred from PR bonds in felony cases, and the impact on poor defendants and jail populations; an amendment to strike the felony PR-bond prohibition failed, and the bill was reported on a divided vote. House Bill 4610, expanding the Right to Try Act to include patients with life-threatening or severely debilitating illnesses and additional treatment types such as biosimilars and individualized gene therapies, was reported without amendment. House Bill 4552, clarifying that correctional officers are law enforcement officers for purposes of federal concealed-carry protections, received a technical amendment and was reported as amended. House Bill 4625, relating to the real estate transfer tax, was amended to change the valuation calculation and add/clarify exemptions, then reported as amended. House Bill 4755, adding certain offenses to the list of crimes triggering enhanced sentencing for repeat offenders, was reported with a title amendment. House Bill 4842, clarifying that civil remedies for unauthorized disclosure of intimate images apply to sexual extortion and aggravated sexual extortion and establishing joint and several liability, was amended and reported as amended. Finally, House Bill 4850, requiring the State Bar to post free online educational materials about executors and administrators of estates, was amended and reported as amended after discussion about scope, disclaimers, and existing county resources; the committee then recessed for floor session, with two remaining bills postponed.

Transcript Highlights:

• The concept of diminished value is well established in insurance.
• How do we possibly plan for a potential loss of taxable property and...
• It gave us values that hold our family together in a changing world.
• We keep those original Texas values.
• They can't plan on whether their family property is going to continue to be their family property or

Bills: HB1523, HB2109, HB2694, HB3525, HB3898, HB4646, HB5188, HB5219, HB5320, HB5651, HB5655, HB5659, HB5662, HB5672

Keywords: aquifer conservation, Class V injection well, environmental regulation, groundwater protection, municipal water supply, temporary prohibition, water management, reservoir construction, state water plan, Texas Water Code, environmental impact, Brazoria Drainage District, commissioners, elections, vacancies, resignation, HB 3525, North Texas Groundwater Conservation District, groundwater permit, permit amendment

Summary: The Committee on Natural Resources heard House Bill 2109, which would remove certain long-proposed reservoir projects from the state water plan after 50 years without progress. Chairman Van Deaver and many landowners, local officials, timber interests, and conservation advocates testified in support, arguing that the Marvin Nichols Reservoir has burdened Northeast Texas landowners for decades with the threat of eminent domain, depressed property values, and uncertainty over homes, farms, ranches, schools, churches, and cemeteries. Supporters also said the project would flood tens of thousands of acres, require extensive mitigation, harm timber and agriculture, and that Texas now has better alternatives such as conservation, reuse, aquifer storage and recovery, and desalination. Several members expressed sympathy for the affected families and questioned whether a project could remain in the plan indefinitely without progress. Opposition came from North Texas water interests, including the North Texas Commission, Tarrant Regional Water District, and the Texas Water Association, who argued that the bill would interfere with the state’s long-term water planning process and remove needed future supply options for a fast-growing region. They said Region C faces major projected shortages by 2070, that conservation and reuse have already delayed the need for new supplies, and that reservoirs remain one tool in the state’s water-planning toolbox. TWDB staff explained the existing inter-regional conflict process and noted that the substitute would affect several unique reservoir sites, not just Marvin Nichols. After testimony, Chairman Van Deaver closed by urging passage of the bill, but the committee withdrew the substitute and left HB 2109 pending. The committee then took up House Bill 5188, a brackish groundwater bill. The author said the bill would reduce permitting burdens for wells in designated brackish groundwater production zones, and the committee substitute added requirements on monitoring, groundwater-rights ownership, and allocation of pumpage limits while removing some exclusions and export-fee provisions. Texas Wildlife Association testified against the bill, warning that the exemptions could weaken groundwater conservation districts’ ability to protect freshwater resources and surface-owner rights. San Antonio Water System testified in favor, saying brackish groundwater is a key future supply and that the substitute would help speed development of desalination and brackish projects. The Texas Alliance of Groundwater Districts testified neutrally but raised concerns about reduced district oversight, especially around injection-well exclusions and the loss of export fees, and said discussions on the bill were ongoing.

Transcript Highlights:

• property visible on their platform.
• I'm Mike Twitty, Pinellas County Property Appraiser, and I'm also the legislative chair for the Property
• and how long they've been in place there, and what the market value has moved on their property.
• taxes as a result of the increased value.
• It's another depreciation deduction for real property.

Summary: The committee took up three tax-related bills and a staff presentation on the state revenue forecast and the federal One Big Beautiful Bill Act. SB 856, by Senator DeSigley, would require online real estate listing platforms to display estimated property taxes using state-prescribed methods rather than the current owner’s taxes. Supporters from county, city, and property appraiser groups said the bill would improve transparency for homebuyers, especially first-time buyers and those facing large tax increases after a homestead cap reset. Senators discussed ensuring the estimate appears directly on listing platforms. The bill was reported favorably. The committee then considered SB 110, by Senator Arrington, which clarifies that people holding 98-year-or-longer residential leases remain eligible for the homestead exemption even if the lease ends upon death, aligning such leases with life estates for estate-planning purposes. An amendment was adopted to clarify that leases terminating at the lessee’s death are valid under current law. The Florida Bar’s Real Property, Probate, and Trust Law Section supported the bill, and Senator Gates noted its importance for long-term leaseholders on barrier islands. The amended bill was reported favorably. SB 434, by Senator Leak, would prevent property tax assessments from increasing because of improvements made to harden homes against wind damage, such as stronger roof attachments, shutters, and secondary water barriers. The sponsor said homeowners should not be penalized for resilience upgrades, and the bill was also reported favorably. Staff director Mr. Khan then reviewed the latest general revenue forecast, noting collections were running about $230 million above prior estimates through November and that the new forecast added roughly $500 million in the first budget year, with a smaller increase in the second year. He said corporate income tax was the main weakness in the forecast, due to softer collections and uncertainty around tariffs, while other sources were generally stronger. In the second half of the presentation, he explained that the federal One Big Beautiful Bill Act would significantly affect Florida’s corporate income tax base if fully conformed to, with an estimated $3.5 billion general revenue impact in fiscal year 2026-27, largely because of retroactive provisions such as bonus depreciation and research expensing. Senators and the appropriations chair discussed the budget implications, including possible ways to limit the impact through decoupling or prospective treatment. No votes were taken on the forecast presentation, and the committee adjourned after members requested to be recorded as voting in favor on SB 856 and SB 110.

Transcript Highlights:

• Miller: It is to remove property taxes from homesteaded properties.
• Ana: If a property tax formula only factors in inflation, it understates how much value or income people
• Property owners have gained an enormous market value and incomes at the top have outpaced price growth
• So, I'm sorry, it will benefit people with higher income and higher property values, not those with lower
• property values.

Transcript Highlights:

• And then the property lessee makes their PILOT payment on an annual basis in lieu of paying property
• So that portion of the tax bill will be paid over the full value of the property.
• That way, as the property increases in value over time, that tax abatement increases as well.
• And it's never going to be perfect, but that's an approximation for the increasing value of the property
• So we're abating all the improved values and not the county school taxes on the improved value and not

Summary: The Senate Housing Committee heard presentations on a range of housing finance, permitting, and affordability tools. Chattanooga described its affordable housing PILOT program, which uses a per-unit property tax abatement tied to the rent loss from providing affordable units, with a 15-year term and annual compliance monitoring. Committee members asked about the program’s structure, whether it had been used elsewhere, and who was participating; the presenter said the first mixed-income project would bring 278 units with 42 affordable units and that the model was attracting private market-rate developers. Shoreline then described its MFTE and inclusionary zoning approach, emphasizing that longer tax exemption periods and station-area zoning changes had helped spur development, with most current pipeline projects concentrated near light rail stations. The committee also heard from the Municipal Research Services Center and the Department of Commerce on tax increment financing, proportional impact fees, and permit timelines. Commerce explained that TIF can fund public improvements such as roads, utilities, broadband, and some affordable housing or child care facilities, while proportional impact fee guidance is intended to help jurisdictions charge fees more closely aligned with actual project impacts. On permit timelines, Commerce presented its first annual report under recent law changes, using 2024 as a baseline year and noting that reported timelines were generally longer than statutory goals; members asked about outliers, paper versus electronic processing, and whether back-and-forth between applicants and staff was driving delays. Commerce said it would follow up with more data, including on CHIP funding and permit reform practices. Several local governments then shared permitting process improvements. Auburn reported relatively short review cycles and described its move to fully electronic permitting, internal performance standards, and a stock plan program that speeds review for repeated home designs. Bellevue described an AI permitting pilot with a local startup to help with pre-application questions, document triage, and plan review, aiming to reduce incomplete applications and revision cycles. Seattle presented a pilot for accessory dwelling unit co-development in which a mission-driven partner would help homeowners split lots, finance, build, and manage ADUs, with the homeowner eventually buying out the partner and retaining ownership; committee members asked about rent setting, management fees, and default risk, and staff said they would follow up. The committee also heard brief overviews of community land trusts and limited equity cooperatives as permanent affordability models, with presenters urging continued state and local funding support and policy recognition for these approaches.

Transcript Highlights:

• value of their home for property tax purposes.
• /c> aware that property values of H and aware that property values of H and homesteads<00:41:21.400><
• tax and escalates with it.” value um that was uh that was a bad value um that was uh that was a bad
• a look at every single property in these counties, what their assessed value is, and ...” those with
• properties that are over those with properties that are over 300,000<00:48:00.400> once<00:48

Keywords: 1183, house

Transcript Highlights:

• When you have a house and you go on Zillow.com and you look at the value of that home, the market value
• And so this total insured value... ...total insured value is in orange.
• of that home the market value of that home the total insured value is a similar calculation but not
• And so this total insured value, total insured value is in orange.
• And I hope that we're demonstrating value in return.

Summary: The Senate Committee on Banking and Insurance convened with a quorum present, and Commissioner Michael Yaworsky of the Office of Insurance Regulation delivered a broad update on Florida’s property insurance market. He outlined the division of responsibilities between OIR and the Department of Financial Services, then reported market indicators including 7.61 million residential policies in force, an average premium of $2,755, 1.5 million Citizens takeout approvals, and recent negative trends in homeowners rate requests. He credited recent legislative reforms, especially tort reform and the Insurer Accountability Act, with improving market stability, increasing competition, and allowing the office to conduct more examinations and investigations, recover consumer restitution, and fine insurers for misconduct tied to recent hurricanes. Yaworsky emphasized that Citizens Property Insurance has been rapidly depopulating from its 2022 peak and may fall below 300,000 policies, while cautioning that over-depopulation could create residual-market risks and assessments if a major storm hits. He also discussed the distinction between admitted and surplus lines markets, the role of reinsurance in Florida pricing, and the effect of inflation on total insured values and premiums. He said Florida has seen comparatively modest property rate increases relative to other states and noted that recent hurricanes did not produce the kind of rate spikes seen in prior years, which he attributed to a more stable market and reduced fraud and litigation pressure. In response to a question from Senator Martin, Yaworsky explained that California’s wildfire crisis and regulatory structure are not a direct one-to-one comparison for Florida, but that California’s market problems can affect global reinsurance capacity and serve as a cautionary example of regulatory missteps. He also highlighted a recent Progressive auto insurance excess-profits refund of about $1 billion to policyholders, discussed possible federal changes to the National Flood Insurance Program, and urged greater home resiliency and code-plus adoption. The commissioner closed by calling for clearer consumer disclosures and responsible oversight of AI use in insurance filings. No bills were considered and no votes were taken; Senator Hooper moved to adjourn, and the committee adjourned without objection.