Video & Transcript Research : 'transaction security'

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TX

Texas 89th Regular

State Affairs (Part III) Apr 24th, 2025

State Affairs

Transcript Highlights:
  • Fortunately, the entrepreneur chose other means of securing funding.
  • current, and future emissions, bankers are required to consider CAF scores for new proposed in-scope transactions
  • and consider how the transaction may impact a portfolio's, quote, unquote, carbon intensity.
  • name is Farrell Keel, and I'm a partner at Jones Day sitting in our Dallas office, and I focus on securities
  • Under U.S. securities law, even though they're purchased with your money, those shares belong—the voting
Summary: The committee heard Senate Bill 945, 946, 2044, 2819, 2403, 2337, and 312, with all bills left pending after testimony. SB 945 would restrict insurance companies from denying or limiting coverage based on oil and gas activity or ESG-related goals, and supporters argued it would protect Texas energy producers from politically motivated shareholder activism and insurance discrimination. SB 946 would bar creditors from using social credit, ESG, DEI, or religious/political affiliation as a basis for denying or limiting credit; witnesses said it would prevent viewpoint-based financial discrimination and protect access to capital for Texas businesses. SB 2337 would require proxy advisory firms to disclose when recommendations are based on non-financial factors or when they give conflicting advice to different clients; supporters said the measure would increase transparency and curb ESG-driven influence over shareholder voting. SB 312 would direct public retirement systems to focus on financial returns rather than social or political objectives, with the author saying the bill responds to activist pressure on pensions and would reinforce fiduciary duty. The committee also took up election and ethics measures. SB 2044 would strengthen electioneering restrictions for publicly funded education institutions and personnel, prohibiting use of official resources to promote political agendas; testimony focused on alleged school district electioneering in bond and tax elections. SB 2819 would prohibit county elections administrators from holding certain officer positions appointed by elected officials, addressing potential conflicts of interest. SB 2403, the Texas Ethics Commission sunset bill, would restructure complaint handling with a three-tier violation system, risk-based complaint prioritization, longer response times, bipartisan preliminary review panels, and expanded hearing options; members discussed amendments aimed at dismissing minor complaints, clarifying categories, and adjusting lobbying and penalty provisions, but the amendments were withdrawn during committee consideration. Across the ESG and finance bills, invited witnesses from the American Energy Institute, Heartland Impact, Consumers Research, ADF Action, Texas Civil Justice League, and related groups generally supported the measures, arguing that banks, insurers, proxy advisors, and asset managers have used ESG or reputational-risk standards to discriminate against energy, agriculture, firearms, and religious organizations. No opposition testimony was presented in the excerpt, and the committee closed public testimony on each bill and left them pending.
TX

Texas 89th 2nd C.S.

89th Legislative Session May 6th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • The Committee on Homeland Security and Public Safety and Veterans Affairs will meet today upon lunch
  • HB 247 by Guillen, relating to the taxation of border security infrastructure. Mr.
  • proceedings for those securities.
  • of proceedings for those securities.
  • SB number 1273 by Hughes relating to establishing the higher education research security council.
Summary: The House convened with a quorum present, heard an invocation and pledges, received Senate messages, and adopted several procedural motions allowing committees to meet during the session and postponing or scheduling certain committee hearings. Members also observed a memorial recognition for Wood County Deputy Sheriff Melissa Pollard, who died in the line of duty, and adopted a resolution honoring her service. The chamber then adopted House Resolution 897 recognizing May 6, 2025 as Golf Day in Texas and House Resolution 1063 recognizing Dallas Housing Coalition Advocacy Day; additional recognitions highlighted Mental Health Awareness Month and tardive dyskinesia awareness, The Woodlands’ 50th anniversary, Alzheimer’s advocacy, student athlete Gator Young, an intern in Rep. Leo-Wilson’s office, and educator Jessica Lopez. The House spent much of the day on third-reading consideration of a long calendar of bills. Among the measures passed were HB 24 on zoning protest procedures, HB 3800 creating a health care workforce advisory board, HB 42 on higher education appropriations, HB 129 restricting contracts with foreign adversary companies, HB 677 on county elections administrator political activity, HB 668 on license-to-carry renewal procedures, HB 2128 directing a rural firefighting study, HB 2038 expanding physician licensing options, HB 2316 on election result reporting, HB 3686 on retired peace officer ID cards, HB 2563 creating a prescribed burn manager self-insurance pool, HB 1160 increasing penalties for assaults on utility workers, HB 3883 on major events funding, HB 2788 protecting fraud-detection information, HB 2663 on inactive well plugging extensions, HB 3305 extending a county health provider participation program, HB 3474 on pension reporting, HB 1105 expanding tuition exemptions for certain paramedics, HB 3490 on closed meetings with internal auditors, HB 3597 on child care facility notice thresholds, HB 1295 on health literacy planning, HB 3512 on AI training for government employees, HB 3783 on court-ordered counseling, HB 2017 on intoxication manslaughter penalties, HB 3010 on rural disaster recovery, HB 3112 on cybersecurity-related public information and meetings, HB 4215 on delivery network companies, HB 3223 on construction claims limitation periods, HB 3464 on controlled substances in correctional facilities, HB 3120 on residential child detention facilities, HB 4214 on public information, HB 481 on trade secret sealing, HB 4783 on opioid antagonist program reporting, HB 4063 on unilateral memoranda of contract, HB 2783 on county employee deferred compensation, HB 5085 on seed banks, HB 2510 on assisted living facility operations, HB 3426 on digital driver’s licenses, HB 4361 on emergency notifications at higher education institutions, HB 1169 on oil and gas infrastructure protection, HB 2516 on Medicare supplement eligibility for Texans under 65, HB 3560 on hospital staff background checks, HB 3860 on occupational licenses for inmates, HB 3146 on SOAH hearings, HB 184 on loan repayment for border prosecution attorneys, HB 198 on firefighter cancer screenings, HB 247 on border security infrastructure taxation, HB 367 on excused absences for students with severe illnesses, HB 449 on deepfake sexually explicit images, HB 1778 on human trafficking and related offenses, HB 514 on maternal health workforce outreach, HB 632 on pharmacy regulation, HB 2582 on victim parole information, HB 766 on precinct chair ballot applications, HB 2715 on suspension/removal of officials, HB 2712 on water and sewer utility test years, HB 3069 on transmission projects, HB 3505 on health provider participation districts, HB 1269 on plant disease and pest prevention grants, HB 4224 on access to health care records, HB 5032 on historical documents in the Capitol complex, HB 2240 on void marriages, HB 5180 on diploma designation, HB 3348 on health provider participation programs, HB 4668 on PUC authority to retain assistance, HB 4665 on child care training providers, HB 3395 on beneficiary designation for manufactured homes, HB 3157 on interim electric utility rates, HB 4395 on electronic submission of public securities records, HB 4325 on bribery civil penalties, HB 4386 on annuity replacement transactions, HB 4273 on Medicaid fraud-related unlawful acts, HB 2760 on judicial review of unemployment decisions, HB 2820 on charitable bingo operating capital, HB 1828 on legislative leave for correctional officers, and a series of Senate bills including SB 2349, SB 1268, SB 610, SB 1577, SB 1369, SB 2032, SB 1057, SB 1044, SB 922, SB 1759, SB 1143, SB 1506, SB 1403, SB 2361, SB 870, SB 372, and SB 72. Several bills drew debate or amendments, including HB 24, where a germane point of order was sustained against an amendment, and HB 198, HB 3348, and SB 2361, which were amended before passage. Most measures passed by wide margins, though some drew notable opposition, including HB 3883, HB 514, HB 1295, HB 184, SB 1143, and others. The House also postponed further consideration of HB 4700 until the end of the day and HB 24 until 1 p.m., and it granted permission for committees to meet during the House session and for the Calendars Committee to meet that morning.
MD

Maryland 2026 Regular Session

House Floor Session, 4/3/2026 #2

Maryland House Floor Meeting

Transcript Highlights:
  • <00:54:49.400> deposit damage above the security deposit damage above the security deposit
  • that is in excess of the security that is in excess of the security deposit.<00:55:56.120> It
  • less than the cost of the security less than the cost of the security deposit,<00:58:33.080>
  • damage that's less than the security damage that's less than the security deposit,<01:00:52.080>
  • Senate Bill 544, Courtroom Security Minimum Adequate Security Standard.
Summary: The House convened with 113 members present and took up House Bill 774, a local enabling bill on residential landlord-tenant good-cause termination and eviction standards. The sponsor and floor leader described the bill as intended to create stability for families and communities by limiting nonrenewal of leases without good cause, while emphasizing that it would only take effect if adopted by local counties. The bill’s stated good-cause grounds include repeated late rent payment, lease violations, and other specified reasons. Several amendments were offered and debated. One amendment sought to require tenants to keep paying rent, late fees, and other lease obligations during any legal challenge to a nonrenewal; the floor leader argued this was redundant because existing law already requires payment during holdover proceedings, and the House rejected the amendment by roll call, 79 in the negative. Another amendment added a good-cause ground where housing is tied to employment on the property and the employment ends; the floor leader accepted it as a friendly amendment, and it was adopted. A further amendment exempted short-term rentals such as VRBOs from the bill; it was also accepted as friendly and adopted. The House then rejected another amendment that would have changed the late-rent good-cause standard from four notices in a 12-month period to three. The sponsor argued the change would reduce the time and financial burden on small landlords, while the floor leader responded that the bill did not alter existing eviction timelines for nonpayment and that the current four-instance standard was appropriate. Finally, an amendment to extend access to the state’s eviction counsel fund to low-income landlords was offered, with the sponsor arguing for fairness to small property owners; the floor leader opposed it, saying the fund was created to represent low-income tenants and that most landlords are already represented. The transcript cuts off before the final vote on that amendment.
OK
Transcript Highlights:
  • in my district used to open their doors for elections, but they've stopped doing that because of security
  • It also establishes transaction rules that mirror state pecard programs and dictates that all county
Keywords: 914, all
FL

Florida 2025 Regular Session

March 4, 2025 - 01:30 PM

Transcript Highlights:
  • It also clarifies that health facilities authorities may structure their transactions with loan agreements
  • In a day where security is questionable, we want to make sure that that is addressed.
Summary: The Health Care Facilities and System Subcommittee met and heard three bills, all of which passed favorably. HB 229 by Rep. Oliver would update the Health Facilities Authority Act to reflect modern health system structures, allowing not-for-profit LLCs and not-for-profit parent corporations of health systems to use the financing authority, and clarifying that authorities may use loan agreements as well as lease financing. An amendment narrowing and clarifying the not-for-profit definition was adopted without objection. AdventHealth testified in support, and the bill passed 17-0. The committee then heard HB 527 by Rep. Trabulsi, which creates a public records exemption for current and former AHCA personnel who investigate complaints, Medicaid fraud, abuse, waste, or inspect licensed health facilities. The sponsor said the exemption is intended to protect investigators and their families from retaliation. There was no public testimony, and members discussed balancing transparency with safety. The bill passed 17-0. Finally, the committee heard HB 431 by Rep. Trabulsi, which extends by one year the requirement for athletic coaches and similar youth sports volunteers to complete Level 2 background screening through AHCA’s clearinghouse, with the sponsor saying the delay would give the system time to expand and reduce costs over time. Public testimony from youth sports organizations supported the goal of screening but raised concerns about cost, implementation details, and age thresholds for screening. Members generally supported the bill as a child-safety measure, and it also passed 17-0. The meeting then adjourned.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Wednesday, December 3, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • for me to take my Social Security for me to take my Social Security early." early." early."
  • our children and national security. our children and national security.
  • values, but also our national security. values, but also our national security.
  • of security. But let me be very clear. of security. But let me be very clear.
  • We just stopped having children. spending is social security. It's spending is social security.
MN

Minnesota 2025-2026 Regular Session

Committee on Commerce and Consumer Protection - 04/14/26

Commerce and Consumer Protection

Transcript Highlights:
  • 03.640> bets<00:10:03.960> are not bets are not bets are bonafide<00:10:06.160> securities
  • bonafide securities or commodities. bonafide securities or commodities.
  • And do you have any sense of the sort of the scope or volume of these transactions occurring in the state
  • Currently, under current law, contracts for purchase or sale at a future date of securities or other
  • with an entity that's holding that transaction for them.
Keywords: 1187, senate, all
AL

Alabama 2026 Regular Session

Alabama Senate Feb 10th, 2026

Alabama Senate Floor Meeting

Transcript Highlights:
  • The Senate is ready to transact business. >> Mr.
  • On page 24, Senate Bill 231 by Senator Gavan regarding security.
  • On page 34, Senate regarding security.
  • tax on its transactions. tax on its transactions.
  • On page 24 of the calendar, Senate Bill 231 by Senator Gavan regarding security. >> Mr.
Keywords: 920, all
Summary: The Alabama Senate convened with prayer, the pledge, and a quorum present, then adopted the previous day’s journal and excused absent senators. The chamber recognized visiting members of Alpha Phi Alpha Fraternity and adopted a Senate resolution designating February 10, 2026, as Alpha Phi Alpha Day at the Alabama State Capitol. Senators offered remarks praising the fraternity’s service, civic outreach, and historical significance, and the House later sent over a matching resolution, which the Senate adopted. The Senate also heard a Black History Month presentation highlighting Benjamin Banneker, Dr. Charles Drew, Ralph Bunche, and Carter G. Woodson. The Senate then processed a large number of House messages and confirmations. House bills and resolutions were referred to committees, including measures on juvenile offenders, administrative rules, state income tax, local legislation, ad valorem tax, multi-member boards, license plates, criminal procedure, and food banks. The Senate confirmed several appointments, including multiple Alabama Army National Guard promotions, Mike Suo to the Jacksonville State University Board of Trustees, and Christy Andrews to the Alabama Securities Commission, each by roll call with no opposition. In motions and resolutions, the Senate adopted numerous commemorative and honorary resolutions, including observances for National Blood Donor Month, Diabetes Month, Booker T. Washington Day, the Alabama Community College Football Study Commission, and recognitions for individuals and organizations such as the Baldwin County Fair, Sheriff Derek Cunningham, William Riley Hawkins Jr., and Clifford Ray Miller. Senator Barfoot’s resolution urging federal funding for the state logging efficiency grant fund was adopted after adding all senators as co-sponsors, and a resolution honoring Sheriff Derek Cunningham was read at length and adopted. The Senate also adopted the Rules Committee’s special order calendar for the next legislative day, which prioritized several bills on libraries, taxation, retired state employees, municipalities, transportation, coal-impacted communities, income tax, the Alabama Space Authority, cosmetology and barbering, security, entertainment incentives, and health. In local legislation, the Senate passed several local bills, including measures for Mobile County, class 2 municipalities, public transportation, Jefferson County, and the town of Morris.
CA

California 2025-2026 Regular Session

Assembly Floor Session Jul 2nd, 2026

California House Floor Meeting

Transcript Highlights:
  • establishes a limited process that authorizes eligible local governments to seek voter approval for transactions
  • turn into a career fighting against segregation and policies that made it harder for Black people to secure
  • and land jobs. ...fighting against segregation and policies that made it harder for Black people to secure
Keywords: 988, house, all
MA

Massachusetts 2025-2026 Regular Session

Senate Session Jun 21st, 2026 at 11:00 am

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • requesting materials focused on four Senate-specific financial areas: budgets, audits, balance forward transactions
  • response to that will be more process and perhaps more waiting for the court before compliance is secured
  • Thank you. before compliance is secured.
Keywords: 995, all
Summary: The Senate first took up several local bills and resolutions. It amended and passed to be engrossed Senate No. 1831, providing line-of-duty death benefits for the surviving spouse of Detective John DeSongy of Rutland, and passed to be engrossed House bills concerning police officer age requirements in Haverhill, Newton, and Stoneham, including exemptions for named individuals and a local age-waiver measure. The chamber also adopted congratulatory resolutions for the Florence Community Band’s 25th anniversary and for the Italian Consulate in Boston on Italian National Day. The Senate then considered House No. 5501, the fiscal year 2027 state budget, after the House nonconcurred in the Senate’s amendment and appointed conferees. On motion, the Senate insisted on its amendment and appointed a committee of conference. The chamber also referred a House petition on a temporary liquor-license/public-consumption pilot to the Committee on Economic Development and Emerging Technology after suspending Joint Rule 12. A major floor debate centered on Senate No. 3104, a resolution responding to the Supreme Judicial Court’s May 7, 2026 order regarding the State Auditor’s request for Senate financial records. Supporters said the resolution would provide records in the clarified scope while preserving constitutional objections to broader requests; opponents argued the Senate should comply more fully and seek the court’s guidance earlier. After a roll call, the resolution was adopted 33-6. The Senate then adopted a motion to adjourn in memory of William F. “Bill” Howard of Beverly and adjourned until the following Monday at 11:00 a.m.
DE
Transcript Highlights:
  • On line 14, when it says cash gratuities, does that include credit card transactions?
  • The bill does not have enough to be released, so I'm going to walk it and try to secure enough signatures
  • to just a blanket for all veterans, because, yeah, I know somebody who then went and worked in securities
Summary: The House Revenue and Finance Committee met to consider two tax-related measures sponsored by Representative Holofsky. The first was House Substitute 1 for House Bill 386, the Tipped Worker Tax Relief Act of 2026, which would allow a temporary Delaware income tax deduction of up to $15,000 for qualified tips for tax years 2027 through 2029, with phaseouts at higher incomes and a refundable credit for lower-income workers. Committee discussion focused on whether the bill applied to residents and non-residents, whether credit-card tips were included, the need for an updated substitute, and the expected fiscal impact. The Office of the Comptroller General said the bill would likely reduce general revenue and that the fiscal note had not yet been fully reviewed, while Deputy Secretary Goldsmith said the Department of Finance could administer it and that implementation costs would be modest. After public comment, the committee voted on a motion to release the bill, but it did not receive enough votes, so the chair said she would walk it for additional signatures. The committee then heard Senate Bill 219, which would phase in an increase in the military pension income exemption from $12,500 to $25,000 by tax year 2029. Representative Holofsky argued the measure would help attract and retain military retirees, support the economy, and provide a strong return on investment through spending, taxes, and community participation. Members raised concerns about whether the benefit should be income-based, with one member arguing that higher-income retirees may not need the tax break, while supporters emphasized the multiplier effect and the value of veterans to the state. Public testimony from Veterans of Foreign Wars representatives strongly supported the bill and described how the exemption could influence retirement decisions and local economic activity. A motion to release the bill also failed to get enough votes, and the chair said she would walk it for signatures before adjourning the meeting.
DE
Transcript Highlights:
  • On line 14, when it says cash gratuities, does that include credit card transactions?
  • The bill does not have enough votes to be released, so I'm going to walk it and try to secure enough
  • Because, yeah, I know somebody who then went and worked in securities.
Summary: The House Revenue and Finance Committee met to consider House Substitute 1 for House Bill 386, which would create a temporary Delaware income tax deduction for qualified tip income from tax years 2027 through 2029. The sponsor described it as relief for service workers in restaurants, salons, and similar tipped occupations, with a deduction of up to $15,000, income-based phaseouts, a refundable credit for lower-income workers, and a sunset for later review. Committee members raised questions about the resident/non-resident language, the fiscal note, and whether the Department of Finance could implement the change; Finance said the department could administer it and expected only modest administrative costs, while the Comptroller’s office said the bill would reduce general revenue. After a brief recess to review updated language, the committee took public comment, but no one testified. A motion to release the bill failed to receive enough votes, and the chair said she would walk it to seek additional signatures. The committee then considered Senate Bill 219, which would phase in an increase in the military pension income exemption from $12,500 to $25,000 by tax year 2029. The sponsor argued the measure would help attract and retain military retirees, citing economic return estimates, workforce benefits, and support from all 21 Senate co-sponsors. Some members supported the bill as a way to reward service and bring in long-term residents, while others questioned whether the exemption should be income-based rather than available to all military retirees, including those with substantial second careers. The Department of Finance said it could operationalize the bill and that the non-resident language was unnecessary because the subtraction is already picked up in the non-resident code section. Public testimony from veterans’ organizations strongly supported the bill, emphasizing that the exemption can influence retirement decisions and help veterans and their families stay in Delaware. A motion to release the bill also failed to get enough votes, and the chair said she would walk it for signatures before adjourning the meeting.
TX

Texas 89th Regular

Natural Resources Apr 23rd, 2025

Natural Resources

Transcript Highlights:
  • Securing a safe and reliable water supply is. crucial for the economic prosperity of our state.
  • This ASR project is a cornerstone for water security in Central Texas. Texas.
  • for This is more related to the financial analysis and the kind of investigative audit fraudulent transaction
WV
Transcript Highlights:
  • before opening a new account, such as the customer's liability for unauthorized virtual currency transactions
  • The bill requires certain disclosures before each transaction in virtual currency, such as the transaction
  • It also requires written paper receipts of transactions and includes receipt content requirements.
  • The bill sets maximum daily virtual currency kiosk transaction limits of $1,000 for each new customer
  • is that the required disclosure to a customer regarding losses due to fraudulent or accidental transactions
Keywords: 994, senate, all
Summary: The Senate Finance Committee met with a quorum present and first approved the minutes of the previous meeting. It then took up House Bill 5438, which revises parts of the school aid formula and limits certain uses of instructional program, technology, and induction funds; the committee adopted an Education Committee amendment and reported the bill to the full Senate. The committee also reported House Bill 4087, creating the West Virginia-Ireland Education Alliance for higher education partnerships and grants, after brief explanation and no opposition. Members then considered House Bill 4191, which expands the child care tax credit to employer-sponsored child care facilities and changes subsidy payments from attendance-based to enrollment-based, with electronic filing requirements by 2026. Senators spoke in strong support, describing it as a workforce and economic development measure, and the bill was reported. House Bill 5074, which redirects medical cannabis fund balances and future revenues to general revenue and several specified purposes including the Supreme Court, universities, law enforcement, and health programs, was amended to increase the court allocation and remove the direct university research earmarks; it was reported over concerns that accumulated fund money would be diverted to general revenue. The committee also advanced House Bill 5353, bringing virtual currency kiosks under money transmission licensure and adding consumer disclosures, transaction limits, support requirements, and anti-fraud protections; a strike-and-insert amendment clarified kiosk rules and added law-enforcement contact requirements. House Bill 5527, regulating licensure of wellness reimbursement program administrators and related broker duties, was amended to clarify the definition and protect proprietary licensing information from public disclosure, then reported. House Bill 5687, as amended, phases down the metallurgical coal severance tax and incorporates a separate oil-and-gas tax reduction for new wells while adjusting county and municipal distributions, and it was reported. The committee also approved a large revenue rules bundle, House Bill 4245, with amendments to a lottery rule and a pre-need burial company rule, and reported House Bill 4418 to create an electronic municipal B&O tax filing system once enough municipalities participate. Finally, the committee reported House Bill 5168, which creates a permanent $12 million lottery-funded EMS support structure, including mental health treatment funding, county EMS funds, and an all-county EMS fund; members emphasized the need for stable EMS funding, especially in rural areas, and clarified how counties with and without levies would benefit. The committee then announced several Senate bills would not be taken up that day and adjourned.
OK

Oklahoma 2026 Regular Session

Government Oversight Feb 24th, 2026 at 10:30 am

Government Oversight

Transcript Highlights:
  • It would go back to the old language that not to exceed 4% of total transaction.
  • So the surcharge shall not exceed 4%, or the greater of the credit card transaction amount.
  • And so I thought it would be 2% or the total transaction amount, up to 4%.
  • Members before you is House Bill 3075, which creates a penny rounding rule for cash transactions.
  • And so this has created a number of practical problems with cash transactions across the country.
MN

Minnesota 2025 1st Special Session

Committee on Taxes - 01/22/25

Taxes

Transcript Highlights:
  • And a section two then also specifically adds that those transactions covered by private health plans
  • So the transaction is with the patient, but the billing goes to the insurance company.
  • with a tax auditor to come transactions with a tax auditor to come to<00:10:36.200> what's<00
  • The store uses a tax matrix, which is a list of sales transactions along with a product code.
  • transactions transactions retroactively<00:32:03.919> um<00:32:04.240> and<00:32:04.399
Keywords: 1187, senate, all
Summary: The Senate Tax Committee first approved the minutes from the previous meeting and then took up Senate File 11 at the request of the Judiciary Committee. The bill was removed from the table, recommended to pass, and referred to Judiciary. Members explained that the request was tied to data practices language in the bill and Judiciary’s jurisdiction over that subject. The committee then heard Senate File 268, as amended by the A1 amendment. Senator Nelson said the bill would extend a sales tax exemption for certain physician-prescribed, non-durable medical goods to publicly and privately held health plans, aligning them with treatment already given to Medicare, Medicaid, and other government-paid plans. Testifiers from Corner Home Medical and the industry said current tax rules are confusing, audits are burdensome and expensive, and providers often end up paying tax themselves because insurers do not pay retroactively. They argued the bill would reduce administrative burden and create parity in the tax code. The committee adopted the A1 amendment and laid the bill over. Finally, the committee heard Senate File 88, also amended by an A1 technical change. Senator Klein said the bill is intended to prevent the Department of Revenue from issuing retroactive assessments when taxpayers relied in good faith on prior audit guidance, so long as there was no material change in law, court interpretation, federal adjustment, or written notice from the commissioner. Department of Revenue staff said they had no formal position but explained how the bill would affect sample audits and noted it would require more detailed written guidance; they said normal audits would not change much. Supporters from the CPA Society and several senators said the bill would provide certainty and protect taxpayers from unexpected back taxes, while one senator questioned whether the bill was needed and whether it would bypass settlement or litigation. The bill was laid over after discussion.
OK

Oklahoma 2026 Regular Session

Government Oversight Mar 3rd, 2026 at 10:30 am

Government Oversight

Transcript Highlights:
  • Representative, this bill is for safety and security for Oklahomans. Is that a fair statement?
  • It's more of an economic bill than a national security bill.
  • It's about national security. I call for questions. Move for adoption. Member yields.