Transcript Highlights:

• John and taxation education signed. John and taxation education signed.
• Committee on Finance and Taxation Committee on Finance and Taxation Education.
• from Finance Taxation General committee from Finance Taxation General Fund.
• Um, Um, Um, taxation on big yacht planes for those taxation on big yacht planes for those taxation on
• Committee relating to taxation. Committee relating to taxation.

Bills: SCR 4 , SCR 18 , SCR 43 , SB 227 , SB 269 , SB 330 , SB 434 , SB 437 , SB 438 , SB 463 , SB 528 , SB 584 , SB 604 , SB 663 , SB 668 , SB 682 , SB 747 , SB 841 , SB 912 , SB 968 , SB 1013 , SB 1020 , SB 1044 , SB 1137 , SB 1138 , SB 1143 , SB 1164 , SB 1169 , SB 1200 , SB 1236 , SB 1244 , SB 1299 , SB 1325 , SB 1335 , SB 1369 , SB 1410 , SB 1418 , SB 1422 , SB 1455 , SB 1468 , SB 1495 , SB 1534 , SB 1579 , SB 1580 , SB 1612 , SB 1624 , SB 1667 , SB 1734 , SB 1745 , SB 1746 , SB 1760 , SB 1784 , SB 1860 , SB 1862 , SB 1864 , SB 1896 , SB 1898 , SB 1920 , SB 1940 , SB 1952 , SB 1998 , SB 1999 , SB 2004 , SB 2032 , SB 2052 , SB 2068 , SB 2073 , SB 2121 , SB 2127 , SB 2141 , SB 2145 , SB 2161 , SB 2167 , SB 2196 , SB 2207 , SB 2216 , SB 2246 , SB 2323 , SB 2332 , SB 2395 , SB 2429 , SB 2431 , SB 2439 , SB 2443 , SB 2581 , SB 2601 , SB 2629 , SB 2702 , SB 2705 , SB 2717 , SB 2798 , SB 2873 , SB 2881 , SB 2964 , SB 3034 , SCR 4 , SCR 38 , SB 39 , SB 227 , SB 240 , SB 330 , SB 401 , SB 407 , SB 467 , SB 506 , SB 512 , SB 527 , SB 584 , SB 618 , SB 619 , SB 636 , SB 648 , SB 663 , SB 715 , SB 732 , SB 758 , SB 801 , SB 843 , SB 847 , SB 870 , SB 957 , SB 1013 , SB 1020 , SB 1065 , SB 1152 , SB 1164 , SB 1181 , SB 1183 , SB 1257 , SB 1283 , SB 1299 , SB 1325 , SB 1349 , SB 1395 , SB 1433 , SB 1455 , SB 1490 , SB 1558 , SB 1574 , SB 1624 , SB 1626 , SB 1640 , SB 1717 , SB 1718 , SB 1727 , SB 1734 , SB 1756 , SB 1757 , SB 1789 , SB 1832 , SB 1845 , SB 1868 , SB 1920 , SB 1924 , SB 1964 , SB 2004 , SB 2018 , SB 2031 , SB 2037 , SB 2052 , SB 2073 , SB 2075 , SB 2080 , SB 2111 , SB 2117 , SB 2154 , SB 2161 , SB 2196 , SB 2206 , SB 2253 , SB 2268 , SB 2322 , SB 2323 , SB 2349 , SB 2533 , SB 2540 , SB 2570 , SB 2623 , SB 2626 , SB 2658 , SB 2660 , SB 2692 , SB 2705 , SB 2717 , SB 2722 , SB 2742 , SB 2743 , SB 2753 , SB 2788 , SB 2877 , SB 2900 , SB 2920 , SB 3031 , SB 5 , SB 260 , SB 1786 , SB 1 , HJR 4 , HB 135 , HB 1109 , SJR 36 , SJR 50 , SJR 63 , SJR 84 , SJR 59 , SCR 12 , SCR 39 , SCR 38 , SCR 4 , SCR 18 , SCR 43 , SCR 46 , SCR 48 , SCR 19 , SB 2023 , SB 1257 , SB 240 , SB 1727 , SB 870 , SB 618 , SB 62 , SB 666 , SB 847 , SB 284 , SB 854 , SB 1073 , SB 810 , SB 1505 , SB 583 , SB 1502 , SB 507 , SB 1026 , SB 1349 , SB 1433 , SB 1434 , SB 1376 , SB 1585 , SB 1772 , SB 2016 , SB 1163 , SB 619 , SB 1122 , SB 732 , SB 731 , SB 397 , SB 508 , SB 1436 , SB 287 , SB 261 , SB 1882 , SB 393 , SB 1791 , SB 529 , SB 209 , SB 2429 , SB 1999 , SB 511 , SB 2309 , SB 510 , SB 1860 , SB 2037 , SB 1924 , SB 2253 , SB 2018 , SB 2206 , SB 1299 , SB 841 , SB 668 , SB 584 , SB 1085 , SB 2431 , SB 1490 , SB 1868 , SB 2314 , SB 434 , SB 2046 , SB 1667 , SB 2127 , SB 1975 , SB 1760 , SB 1734 , SB 1335 , SB 2246 , SB 2439 , SB 1624 , SB 1244 , SB 1468 , SB 2717 , SB 1612 , SB 1262 , SB 604 , SB 2395 , SB 1832 , SB 1745 , SB 1746 , SB 2207 , SB 1784 , SB 1524 , SB 528 , SB 437 , SB 269 , SB 1137 , SB 968 , SB 636 , SB 747 , SB 1325 , SB 1455 , SB 2056 , SB 1940 , SB 2052 , SB 1579 , SB 2068 , SB 3034 , SB 1920 , SB 1558 , SB 1236 , SB 1044 , SB 884 , SB 463 , SB 227 , SB 517 , SB 1200 , SB 1410 , SB 1626 , SB 1845 , SB 1863 , SB 2216 , SB 2681 , SB 1717 , SB 2141 , SB 2323 , SB 2200 , SB 2332 , SB 2199 , SB 1757 , SB 2050 , SB 1138 , SB 2458 , SB 1864 , SB 2201 , SB 1862 , SB 1055 , SB 2660 , SB 1898 , SB 2662 , SB 2161 , SB 2964 , SB 2881 , SB 1065 , SB 801 , SB 2743 , SB 2533 , SB 2073 , SB 3014 , SB 3013 , SB 2702 , SB 2629 , SB 2443 , SB 2349 , SB 2167 , SB 2145 , SB 2121 , SB 758 , SB 648 , SB 647 , SB 512 , SB 438 , SB 1721 , SB 2268 , SB 1495 , SB 2705 , SB 2366 , SB 1422 , SB 1369 , SB 1013 , SB 682 , SB 2692 , SB 2570 , SB 2797 , SB 2111 , SB 1896 , SB 1164 , SB 1020 , SB 663 , SB 2371 , SB 1152 , SB 2196 , SB 2383 , SB 2581 , SB 2798 , SB 330 , SB 646 , SB 843 , SB 1998 , SB 1418 , SB 2788 , SB 1169 , SB 2873 , SB 1754 , SB 1534 , SB 1718 , SB 2779 , SB 2004 , SB 1143 , SB 1756 , SB 912 , SB 2119 , SB 2032 , SB 527 , SB 1580 , SB 1952 , SB 2601 , SB 2322 , SB 2448 , SB 1777 , SB 1283 , SB 407 , SB 2392 , SB 2076 , SB 2786 , SB 3031 , SB 2877 , SB 2876 , SB 2284 , SB 2225 , SB 1540 , SB 2920 , SB 2929 , SB 1395 , SB 1972 , SB 2540 , SB 1183 , SB 2742 , SB 2595 , SB 2217 , SB 2117 , SB 715 , SB 2330 , SB 1964 , SB 1383 , SB 500 , SB 1640 , SB 39 , SB 2001 , SB 2080 , SB 2722 , SB 506 , SB 2514 , SB 2623 , SB 2658 , SB 1574 , SB 2900 , SB 2753 , SB 2398 , SB 401 , SB 1241 , SB 2927 , SB 2173 , SB 2538 , SB 898 , SB 467 , SB 1449 , SB 2529 , SB 1531 , SB 2846 , SB 2476 , SB 2031 , SB 986 , SB 1181 , SB 2075 , SB 2154 , SB 2864 , SB 31 , SB 2880 , SB 1359 , SB 2386 , SB 771 , SB 2844 , SB 2550 , SB 1351 , SB 1423 , SB 1931 , SB 2245 , SB 2589 , SB 2707 , SB 2807 , SB 2351 , SB 410 , SB 659 , SB 816 , SB 2776 , SB 2693 , SB 2580 , SB 1980 , SB 1886 , SB 1234 , SB 739 , SB 482 , SB 456 , SB 127 , SB 1666 , SB 2843 , SB 2801 , SB 800 , SB 2055 , SB 784 , SB 2986 , SB 735 , SB 1012 , SB 324 , SB 2926 , SB 2938 , SB 2007 , SB 2138 , SB 1242 , SB 843 , SB 1152 , SB 1164 , SB 1299 , SB 1349 , SB 1868 , SB 2037 , SB 2349 , SB 2788 , SB 39 , SB 1183 , SB 1717 , SB 1832 , SB 2743 , SR 429 , SR 432 , SCR 38 , SB 39 , SB 240 , SB 618 , SB 870 , SB 1183 , SB 1257 , SB 1717 , SB 1727 , SB 1832 , SB 2743 , SB 2 , SB 3058 , SB 3059 , HB 6 , HB 14 , HB 43 , HB 100 , HB 136 , HB 149 , HB 204 , HB 206 , HB 307 , HB 467 , HB 685 , HB 1130 , HB 1393 , HB 1644 , HB 2027 , HB 2118 , HB 2176 , HB 2468 , HB 2488 , HB 2525 , HB 2596 , HB 2890 , HB 2894 , HB 3077 , HB 3114 , HB 3204 , SCR 4 , SCR 18 , SCR 43 , SB 269 , SB 330 , SB 434 , SB 437 , SB 438 , SB 463 , SB 528 , SB 604 , SB 663 , SB 668 , SB 682 , SB 747 , SB 841 , SB 912 , SB 968 , SB 1020 , SB 1044 , SB 1138 , SB 1143 , SB 1236 , SB 1244 , SB 1325 , SB 1335 , SB 1369 , SB 1418 , SB 1422 , SB 1455 , SB 1468 , SB 1495 , SB 1534 , SB 1579 , SB 1580 , SB 1612 , SB 1624 , SB 1667 , SB 1734 , SB 1745 , SB 1746 , SB 1760 , SB 1784 , SB 1860 , SB 1862 , SB 1864 , SB 1896 , SB 1898 , SB 1920 , SB 1940 , SB 1952 , SB 1998 , SB 2032 , SB 2052 , SB 2068 , SB 2073 , SB 2121 , SB 2127 , SB 2141 , SB 2145 , SB 2161 , SB 2167 , SB 2196 , SB 2207 , SB 2216 , SB 2246 , SB 2323 , SB 2332 , SB 2395 , SB 2431 , SB 2439 , SB 2443 , SB 2581 , SB 2601 , SB 2629 , SB 2702 , SB 2705 , SB 2798 , SB 2873 , SB 2881 , SB 2964 , SB 3034 , SB 227 , SB 584 , SB 1013 , SB 1137 , SB 1169 , SB 1200 , SB 1299 , SB 1410 , SB 1999 , SB 2004 , SB 2429 , SB 2717 , SB 3058 , SB 3059 , HB 6 , HB 14 , HB 43 , HB 100 , HB 136 , HB 149 , HB 204 , HB 206 , HB 307 , HB 467 , HB 685 , HB 1130 , HB 1393 , HB 1644 , HB 2027 , HB 2118 , HB 2176 , HB 2468 , HB 2488 , HB 2525 , HB 2596 , HB 2890 , HB 2894 , HB 3077 , HB 3114 , HB 3204

Transcript Highlights:

• On the other hand, there are concerns about double taxation or unfair taxation, where the same income
• On the other hand, there are concerns about double taxation or unfair taxation where the same income
• Can you give an example of double taxation? I'm sorry, Mr. Chair, about what taxation?
• Double taxation. Double taxation, yes, Mr. Chairman, sorry.
• If you have double taxation, you're going to generate a lot of litigation. Taxation is important.

Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the state’s water’s-edge election versus worldwide combined reporting. The LAO and Franchise Tax Board explained the basic mechanics of unitary taxation, apportionment, and how water’s-edge generally excludes most foreign subsidiaries while worldwide reporting includes the full unitary group. FTB officials said water’s-edge filers are a small share of corporate filers but account for a large share of tax liability, and they described filing trends, industry mix, and the administrative steps needed to administer either system. Members and witnesses debated the policy trade-offs. Supporters of moving away from water’s-edge argued that it enables profit shifting, especially for large multinational and IP-heavy firms, and that eliminating it could raise significant revenue and improve fairness for smaller domestic businesses. They cited estimates of billions in potential revenue and said California already has the audit and reporting infrastructure to handle worldwide reporting, though some transition time would be needed. Opponents argued that worldwide reporting would tax foreign activity unrelated to California, create double taxation, increase compliance burdens and litigation, and could be difficult for foreign-based multinationals to document. They also warned that some of the revenue estimates are highly uncertain because foreign affiliate income is not directly observable. Committee members asked about foreign government pushback, the risk of companies leaving California, the effect on intellectual property shifting, and whether federal or Supreme Court action could block a change. Witnesses generally said major firms would be unlikely to leave because California taxes sales rather than physical presence, but some costs could be passed on to consumers. The panel also discussed alternatives such as conforming to federal international tax rules like NCTI/GILTI and adding anti-abuse rules. No vote or bill action was taken; the hearing was informational only.

Bills: HB1937 , HB2153 , HB3674 , HB2978 , HB3885 , HB3671 , HB3261 , HB3021 , HB3029 , HB4274 , HB3701 , HB3076 , HB2299 , HB3852 , HB3244 , HB3345 , HB3114 , HB3764 , HB4144 , HB3304 , HB2939 , HB4227 , HB3262 , HB2941 , HB3498 , HB4343 , HB4425 , HB3386 , HB3087 , HB3062 , HB3431 , HB4141 , HB3581 , HB4237 , HB2960 , HB3645 , HB3648 , HB3974 , HB3045 , SCR18 , HCR1024 , SJR39 , SJR49 , HB4486 , SB1130 , SB1131 , SB1132 , SB1133 , SB1134 , SB1142 , HB1823 , HB4476 , HB3378 , HB3880 , HB3031 , HB3369 , HB3429 , HB3657 , HB4215 , HB3624 , HB1170

Keywords: HB1937, Oklahoma schools, student communications, electronic communication, digital communication, parent notification, legal guardian, school personnel, teachers, coaches, administrators, charter schools, public schools, administrative leave, corroborated report, investigation, employee file, discipline, termination, school board

Transcript Highlights:

• On the other hand, there are concerns about double taxation or unfair taxation, where the same income
• Taxation, yeah. All right. Thank you.
• Can you give him an example about double taxation? I'm sorry, Mr. Chair, about what taxation?
• Double taxation. Double taxation, yes, Mr. Chairman, sorry.
• If you have double taxation, you're going to generate a lot of litigation. Taxation is important.

Summary: The joint informational hearing focused on California’s taxation of foreign subsidiaries of U.S. corporations, especially the state’s water’s-edge election versus worldwide combined reporting. Committee members and witnesses discussed how unitary taxation and sales-factor apportionment work, why multinational corporations are a small share of filers but a large share of tax liability, and how foreign income, profit shifting, and double taxation concerns affect policy choices. The Franchise Tax Board explained current filing rules, the seven-year water’s-edge election, and recent filing statistics showing about 21,562 water’s-edge returns in 2023, roughly 6% of C corporation filers but about half of corporate tax liability. The Legislative Analyst’s Office and FTB staff emphasized that revenue effects from eliminating water’s edge are uncertain because foreign affiliate income is not directly observable, and they noted possible revenue volatility and administrative complexity. Several committee members asked about foreign government pushback, the burden on FTB, whether certain industries are more likely to shift profits, and whether companies would leave California; witnesses generally said there was no strong evidence that firms would exit the state because tax liability is driven mainly by California sales. They also discussed how California already administers both methods, how the election can be advantageous or disadvantageous depending on a firm’s facts, and how federal reforms like GILTI/NCTI, CAMT, and OECD Pillar Two may affect the issue. The second panel presented sharply contrasting views. One professor and a tax policy advocate argued that water’s edge creates unfairness, encourages profit shifting, and leaves California with billions in lost revenue, while a Tax Foundation witness argued that mandatory worldwide reporting would tax the wrong income, create double taxation and litigation risk, and impose heavy compliance burdens, especially for foreign-based multinationals. A later panel from the California Budget and Policy Center supported closing the “water’s-edge loophole,” saying it would raise needed revenue for public services and level the playing field between large multinationals and smaller domestic businesses. No vote or formal action was taken; the hearing was informational only.

Transcript Highlights:

• On the other hand, there are concerns about double taxation or unfair taxation, where the same income
• Taxation, yeah. All right. Thank you.
• Can you give him an example about double taxation? I'm sorry, Mr. Chair, about what taxation?
• Double taxation. Double taxation, yes, Mr. Chairman, sorry.
• If you have double taxation, you're going to generate a lot of litigation. Taxation is important.

Transcript Highlights:

• On the other hand, there are concerns about double taxation or unfair taxation where the same income
• Taxation, yeah. All right. Thank you.
• Can you give him an example about double taxation? I'm sorry, Mr. Chair, about what taxation?
• Double taxation. Yes, Mr. Chairman, sorry.
• If you have double taxation, you're going to generate a lot of litigation. Taxation is important.

Transcript Highlights:

• On the other hand, there are concerns about double taxation or unfair taxation where the same income
• Taxation, yeah. All right. Thank you.
• Can you give an example about double taxation? I'm sorry, Mr. Chair, about what taxation?
• Double taxation, yes, Mr. Chairman, sorry.
• If you have double taxation, you're going to generate a lot of litigation. Taxation is important.

Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the Water’s Edge election versus worldwide combined reporting. Chairs opened by framing the issue as a review of whether current rules fairly and sufficiently tax foreign subsidiary income, given profit shifting concerns, budget pressures, and the long history since Water’s Edge was adopted in the 1980s. The first panel from the Legislative Analyst’s Office and Franchise Tax Board explained the mechanics of unitary taxation, apportionment, and the Water’s Edge election, and provided filing data showing Water’s Edge filers are a small share of returns but account for a large share of corporate tax liability. FTB witnesses said the agency already administers both methods and could handle a shift to mandatory worldwide reporting with education and outreach, though revenue estimates are difficult because foreign affiliate information is not directly available. Committee members asked about foreign government pushback, administrative burden, industries with more profit shifting, revenue uncertainty, and whether companies would leave California. LAO and FTB witnesses said pushback from foreign governments was plausible, but they did not expect major business flight because California’s tax is largely based on sales rather than physical presence. They also said worldwide reporting could reduce profit shifting but might increase revenue volatility and litigation risk. A second panel of academic and tax policy witnesses argued that Water’s Edge is a loophole that rewards aggressive tax planning, that worldwide combined reporting would better capture income tied to California, and that modern federal and international rules such as NCTI/GILTI, CAMT, and Pillar Two reduce compliance concerns and make a return to worldwide reporting more feasible. They also said California’s current system can create selection effects and may under-tax large multinationals. In the next panel, a California Budget and Policy Center witness urged eliminating the Water’s Edge election, calling it a costly loophole that benefits large global corporations over smaller domestic businesses and deprives the state of billions in revenue that could support health care and other services. A Silicon Valley Leadership Group witness gave historical context for why Water’s Edge was adopted and began outlining concerns about compliance, double taxation, and the risk of overreaching beyond income truly connected to California. No bill was voted on or advanced; the hearing was informational only, with members using the testimony to weigh the policy trade-offs and possible transition periods if the Legislature were to change the current rules.

Transcript Highlights:

• House Bill 4432 by Hilbert of the House and Paxton of the Senate, an act relating to revenue and taxation

Bills: HB4319 , HB4317 , HB1225 , HB3076 , HB3081 , HB4226 , SCR17 , HB4432 , HB3304 , HB3411 , HB3435 , HB4339 , HB4331 , HB4341 , HB4342 , HB1770 , HB1016 , HB4113 , HB2950 , HB4141 , HB3277 , HB2988 , HB3029 , HB3338 , HB1889 , HB3834 , HB3831 , HB2939 , HB3045 , HB3657 , HB1739 , HB3759 , HB3755 , HB4484 , HB4486 , HB4108 , HB1250 , HB2961 , HB1219 , HB3025 , HB1782 , HB1907 , HB3718 , HB4459 , HB2976 , HB3548 , HB3545 , HB2952 , HB2929 , HB2956 , HB2973 , HB3055 , HB3086 , HB3040 , HB3794 , HB4336 , HB3151 , HB1590 , HB3581 , HB3313 , HB3429 , HB3448 , HB1752 , HB2650 , HB3584 , HB4202 , HB3586 , HB4321 , HB4280 , HB3650 , HCR1020 , HB2116 , HB2206 , HB4301 , HB3625 , HB3147 , HB3403 , HB3498 , HB3970 , HB3975 , HB3976 , HB3980 , HB4265 , HB4266 , HB3638 , HB3880 , HB3930 , HB3942 , HB3944 , HB4191 , HB3242 , HB3678

Keywords: administrative procedures, rulemaking authority, specific authority, legislative review, agency rules, accounting, CPA, licensure, educational requirements, reciprocity, professional conduct, vital records, birth certificate, birth registration, biological sex, sex designation, male, female, nonbinary, gender identity

Bills: HB4319 , HB4317 , HB1225 , HB3076 , HB3081 , HB4226 , SCR17 , HB4432 , HB3304 , HB3411 , HB3435 , HB4339 , HB4331 , HB4341 , HB4342 , HB1770 , HB1016 , HB4113 , HB2950 , HB4141 , HB3277 , HB2988 , HB3029 , HB3338 , HB1889 , HB3834 , HB3831 , HB2939 , HB3045 , HB3657 , HB1739 , HB3759 , HB3755 , HB4484 , HB4486 , HB4108 , HB1250 , HB2961 , HB1219 , HB3025 , HB1782 , HB1907 , HB3718 , HB4459 , HB2976 , HB3548 , HB3545 , HB2952 , HB2929 , HB2956 , HB2973 , HB3055 , HB3086 , HB3040 , HB3794 , HB4336 , HB3151 , HB1590 , HB3581 , HB3313 , HB3429 , HB3448 , HB1752 , HB2650 , HB3584 , HB4202 , HB3586 , HB4321 , HB4280 , HB3650 , HCR1020 , HB2116 , HB2206 , HB4301 , HB3625 , HB3147 , HB3403 , HB3498 , HB3970 , HB3975 , HB3976 , HB3980 , HB4265 , HB4266 , HB3638 , HB3880 , HB3930 , HB3942 , HB3944 , HB4191 , HB3242 , HB3678

Keywords: administrative procedures, rulemaking authority, specific authority, legislative review, agency rules, accounting, CPA, licensure, educational requirements, reciprocity, professional conduct, vital records, birth certificate, birth registration, biological sex, sex designation, male, female, nonbinary, gender identity

Transcript Highlights:

• We have the Department of Taxation. Aloha, chairs and vice chairs. My name is Eliza.
• I'm from the Department of Taxation.
• The Department of Taxation would like to emphasize a couple things about this bill.
• Aloha chairs and vice chairs my Taxation Aloha chairs and vice chairs my name<00:13:56.839><c> is</c
• Taxation Taxation the<00:14:00.279><c> Department</c><00:14:00.680><c> of</c><00:14:00.880><c> Taxation

Summary: The joint hearing of the Committee on Tourism and the Committee on Economic Development and Technology met on February 11, 2025, to hear House Bill 96 and House Bill 106. HB 96 would allow low-income housing tax credits to offset state transient accommodations taxes, limit the credit to taxes imposed in the same county as the qualified building, and make Act 129 permanent. The Department of Taxation opposed the bill, saying it would be difficult to administer, would complicate the tax system, and could be susceptible to abuse; it also noted the credit would benefit the hotel owner even though the tax is paid by the customer. The Tax Foundation of Hawaii raised consumer protection concerns. No other testimony was offered, and the chair later recommended deferring HB 96 for further work with the Department of Taxation and the committee. HB 106 would authorize the Agribusiness Development Corporation to financially support farming businesses engaged in agricultural tourism and expand the definition of enterprise accordingly. The Agribusiness Development Corporation testified in support, saying farmers requested the change, it would diversify income, and it would provide technical and financial support. The Hawaii Farm Bureau also supported the measure, and the chair noted eight pieces of testimony in support and one in opposition. No questions were raised, and the chair recommended passing the bill as is. The committee voted on HB 106, with the chair and vice chair voting aye, along with Representatives Holt, Hussey, Ilagan, and Todd; Representative Matsumoto was excused. The chair’s recommendation to pass HB 106 was adopted, and the hearing was adjourned.

Transcript Highlights:

• House Bill 55, introduced by Representative Alan Martinez, an act relating to taxation, providing an
• That second committee should be the House Taxation and Revenue Committee. So that's 55.
• House Bill 77, introduced by Representative Dow, an act relating to taxation, creating the affordable
• House Bill 77, introduced by Representative Dow, an act relating to taxation, creating the affordable
• Commerce and Economic Development Committee, and then the House Taxation and Revenue Committee.

Bills: HB1

Keywords: feed bill, legislative appropriations, legislative branch, New Mexico Legislature, general fund, legislative council service, legislative finance committee, legislative education study committee, house chief clerk, senate chief clerk, per diem, mileage, session expenses, interim committees, district staff, capitol complex, capital outlay data system, legislative processing system, redistricting, census redistricting

Transcript Highlights:

• proposing to amend Section 172b of the Constitution of Kentucky relating to property exempt from taxation
• proposing to amend Section 172b of the Constitution of Kentucky relating to property exempt from taxation
• </c> property exempt from taxation. property exempt from taxation.
• </c> from taxation. Representative White. from taxation. Representative White.
• </c> property exempt from taxation. property exempt from taxation.

Transcript Highlights:

• House Bill 220, introduced by Representative Herndon, an act relating to taxation, amending the time
• of transfer to the Taxation and Revenue Department by counties and the time of sale for real property
• House Bill 220, introduced by Representative Herndon, an act relating to taxation, amending the time
• of transfer to the Taxation and Revenue Department by counties and the time of sale for real property
• House Bill 232 introduced by representatives pedigrew, Mason, and Block, an act relating to taxation.

Bills: HM3 , HM11 , HM14 , HM15 , HM21

Keywords: nurses, health care workers, healthcare workers, frontline workers, hospital staff, clinicians, allied health professionals, support staff, public health, workforce shortage, nursing shortage, safe staffing, patient safety, rural health care, frontier communities, behavioral health, mental health, substance use disorder, substance abuse, health care memorial

Transcript Highlights:

• Senate Bill 282, the President's budget bill, fiscal year 2027, Budget and Taxation. >> Leader moves
• All the constitutional duties are officially achieved so far. lieutenant governor budget and taxation
• . lieutenant governor budget and taxation.
• Taxation. Taxation.
• </c> Budget, and Taxation. Budget, and Taxation.

Transcript Highlights:

• I also cover the estate tax and liquor taxation as well.
• </c><00:14:11.920><c> like</c> constitutional limits on taxation like constitutional limits on taxation
• </c><00:45:54.960><c> you've</c> sales um under unitary taxation you've sales um under unitary taxation
• </c> um with Taxation and a and a taxation um with Taxation and a and a taxation marijuana<01:04:57.279
• </c><01:22:17.679><c> and</c> talk about corporate Taxation and talk about corporate Taxation and corporations

Committee: House Taxes

Transcript Highlights:

• </c> to 244 HD1 relating to taxation. to 244 HD1 relating to taxation.
• What's layered taxation? What is double taxation?
• What's layered taxation? What is double taxation?
• What's layered taxation? What is double taxation?
• </c><01:28:46.880><c> So,</c> taxation? What is double taxation? So, taxation?

Bills: HB2410 , HB2235 , HB1904 , HB2201 , HB2349 , HB1972 , HB2007 , HB2385 , HB2444 , HB2391 , HB2575

Committee: House Economic Development & Technology

Summary: The committee heard testimony on several measures, beginning with HB 2410 relating to the Hawaii Technology Development Corporation. Testifiers from HTDC and the Hawaii Food Industry Association stood on written testimony, and members discussed the funding request, which was described as $1 million each for three programs, for a total of $3 million. The measure appeared to have broad support, with no opposition noted. The committee then took up HB 2235 HD1 on the military and community relations office, where Lori Moore of MACC asked for additional funding to support local businesses and education-to-career initiatives statewide. Members asked about the amount, and the request was identified as $1.3 million total. HB 904 on space operations followed, with three supporters and one opponent, though no substantive testimony was captured beyond the vote counts. HB 2201 on state enterprise zones drew testimony from Georgia Skinner of DBEDT’s Creative Industries division, who said the measure would build on a well-run enterprise zone program and help make Hawaii’s film industry more competitive. Tom Yamashita of the Tax Foundation also provided comments. The committee then considered HB 2349 relating to DCCA and DBEDT coordination; DCCA explained it already provides links and information to DBEDT programs, while DBEDT argued that direct data sharing would allow more proactive outreach. Members raised privacy and cost concerns, and DBEDT said it would consider opt-in collection and acknowledged system changes and possible funding needs. The committee also heard two tax credit bills. HB 1972 HD1, on a caregiver tax credit, received strong support from AARP, the Hawaii Public Health Institute, the Hawaii Children’s Action Network, and others, who described caregivers as an “invisible workforce” and argued the credit would help families keep loved ones at home and reduce financial strain. The Tax Foundation suggested a grant or subsidy program might be more efficient than a tax credit and raised concerns about debarment provisions. HB 20007 HD1, on the household and dependent care services tax credit, also drew strong support from public health and family advocacy groups, who said Hawaii families face some of the nation’s highest child care costs and that the bill would better reflect current expenses; the Tax Foundation again raised technical concerns about complexity and debarment. Members asked about fiscal impacts, and testimony indicated the current credit costs about $6 million, with the bill expected to increase that amount. The committee then moved on to HB 2385 HD1 on housing, where the Deputy Attorney General began presenting written comments on whether the bill limits county authority.

Transcript Highlights:

• Taxation General Fund. Signed, John Treadwell, Clerk. Message from the House. Mr.
• Committee on Finance and Taxation General Fund. Signed, John Treadwell, Clerk.
• . the Committee on Finance and Taxation General Fund.
• General Fund. on Finance and Taxation General Fund.
• On page 44, Senate Bill 209 by Senator Hatcher regarding taxation.

Bills: SJR 39 , SB 22 , SB 30 , SB 33 , SB 34 , SB 37 , SB 75 , SB 209 , SB 310 , SB 505 , SB 552 , SB 618 , SB 626 , SB 636 , SB 732 , SB 747 , SB 762 , SB 769 , SB 819 , SB 825 , SB 870 , SB 926 , SB 964 , SB 1030 , SB 1080 , SB 1099 , SB 1124 , SB 1177 , SB 1208 , SB 1233 , SB 1314 , SB 1325 , SB 1333 , SB 1405 , SB 1455 , SB 1506 , SB 1524 , SB 1541 , SB 1577 , SB 1579 , SB 1596 , SB 1646 , SB 1667 , SB 1727 , SB 1750 , SB 1758 , SB 1760 , SB 1791 , SB 1804 , SB 1806 , SB 1869 , SB 1923 , SB 1927 , SB 1951 , SB 1960 , SB 1962 , SB 2023 , SB 2024 , SB 2056 , SB 2078 , SB 2122 , SB 2129 , SB 2180 , SB 2183 , SB 2185 , SB 2207 , SB 2252 , SB 2361 , SB 2365 , SB 2368 , SB 2405 , SB 2411 , SB 2420 , SB 2425 , SB 2569 , SB 2717 , SJR 36 , SJR 50 , SJR 39 , SJR 63 , SJR 68 , SCR 12 , SCR 39 , SCR 38 , SCR 37 , SCR 42 , SCR 29 , SB 762 , SB 1596 , SB 62 , SB 666 , SB 847 , SB 284 , SB 854 , SB 1073 , SB 810 , SB 1539 , SB 1505 , SB 583 , SB 957 , SB 1502 , SB 507 , SB 1026 , SB 1349 , SB 1433 , SB 1434 , SB 310 , SB 505 , SB 264 , SB 1364 , SB 1376 , SB 1585 , SB 1772 , SB 2016 , SB 1163 , SB 619 , SB 1122 , SB 1877 , SB 732 , SB 731 , SB 397 , SB 508 , SB 1333 , SB 1436 , SB 964 , SB 287 , SB 2143 , SB 261 , SB 1247 , SB 1882 , SB 618 , SB 393 , SB 2243 , SB 2226 , SB 1919 , SB 1791 , SB 22 , SB 651 , SB 1080 , SB 826 , SB 1079 , SB 1243 , SB 1504 , SB 1851 , SB 1879 , SB 2237 , SB 1257 , SB 2034 , SB 1522 , SB 1151 , SB 596 , SB 1191 , SB 226 , SB 570 , SB 870 , SB 991 , SB 60 , SB 1401 , SB 1728 , SB 586 , SB 529 , SB 217 , SB 209 , SB 1923 , SB 1839 , SB 387 , SB 1874 , SB 1872 , SB 1873 , SB 1921 , SB 1883 , SB 1620 , SB 1838 , SB 2024 , SB 2429 , SB 1999 , SB 511 , SB 2309 , SB 2166 , SB 510 , SB 33 , SB 2420 , SB 1860 , SB 1541 , SB 1314 , SB 1398 , SB 1869 , SB 1750 , SB 855 , SB 1233 , SB 2425 , SB 2037 , SB 1758 , SB 1759 , SB 2365 , SB 1924 , SB 1818 , SB 1405 , SB 1762 , SB 1968 , SB 1977 , SB 2077 , SB 2321 , SB 1662 , SB 1663 , SB 2124 , SB 2204 , SB 1855 , SB 863 , SB 37 , SB 819 , SB 2078 , SB 2252 , SB 1962 , SB 2253 , SB 825 , SB 1577 , SB 1184 , SB 2018 , SB 2206 , SB 1901 , SB 1030 , SB 2368 , SB 1963 , SB 1960 , SB 1643 , SB 1625 , SB 1299 , SB 841 , SB 668 , SB 584 , SB 231 , SB 2411 , SB 1085 , SB 2431 , SB 2231 , SB 1490 , SB 530 , SB 34 , SB 1261 , SB 552 , SB 1099 , SB 1646 , SB 2180 , SB 1804 , SB 1937 , SB 1936 , SB 2569 , SB 1372 , SB 1208 , SB 1124 , SB 1506 , SB 1806 , SB 1868 , SB 2361 , SB 2314 , SB 769 , SB 1409 , SB 2122 , SB 434 , SB 1214 , SB 1951 , SB 2183 , SB 2046 , SB 1667 , SB 1870 , SB 1727 , SB 2405 , SB 2127 , SB 1975 , SB 1760 , SB 1734 , SB 1335 , SB 2066 , SB 2129 , SB 2246 , SB 2439 , SB 1624 , SB 1244 , SB 1468 , SB 2717 , SB 1612 , SB 1262 , SB 604 , SB 2395 , SB 2185 , SB 1832 , SB 1745 , SB 1746 , SB 2207 , SB 2023 , SB 1784 , SB 1524 , SB 626 , SB 528 , SB 437 , SB 269 , SB 1137 , SB 968 , SB 636 , SB 747 , SB 1325 , SB 1789 , SB 1455 , SB 2056 , SB 75 , SB 1940 , SB 2052 , SB 1927 , SB 2010 , SB 1579 , SB 2068 , SB 3034 , SB 844 , SB 1920 , SB 1177 , SB 1558 , SB 1236 , SB 1044 , SB 926 , SB 884 , SB 463 , SB 331 , SB 227 , SB 240 , SB 517 , SB 1200 , SB 1410 , SB 1626 , SB 1845 , SB 1863 , SB 2216 , SB 2681 , SB 1717 , SB 2053 , SB 546 , SB 2141 , SB 2949 , SB 2323 , SB 2200 , SB 2332 , SB 2199 , SB 1642 , SB 1150 , SB 1757 , SB 2050 , SB 1138 , SB 2051 , SB 2626 , SB 2458 , SB 1864 , SB 30 , SB 2201 , SB 1862 , SB 1583 , SB 1583 , SB 1055 , SB 2660 , SB 1898 , SB 2662 , SB 2662 , SB 2161 , SB 2161 , SB 2964 , SB 2881 , SB 1065 , SB 1065 , SB 801 , SB 2743 , SB 2533 , SB 2533 , SB 1413 , SB 1413 , SB 1 , SB 34 , SB 310 , SB 819 , SB 1030 , SB 1124 , SB 1208 , SB 1233 , SB 1333 , SB 1405 , SB 1541 , SB 1750 , SB 1758 , SB 1869 , SB 2078 , SB 2365 , SB 2411 , SB 762 , SB 33 , SB 37 , SB 505 , SR 402 , SR 409 , SB 2695 , SB 2695

Transcript Highlights:

• </c> have on taxation? have on taxation?
• </c> I was told that was double taxation. I was told that was double taxation.
• </c> I I don't see that as double taxation. I I don't see that as double taxation.
• </c><01:02:40.240><c> It's</c> really double taxation. It's really double taxation.
• </c> don't think it is double taxation, one. don't think it is double taxation, one.

Summary: The meeting opened with a quorum present and approval of the April 17 minutes. The commission then heard a presentation from attorney Jacob Rhodes of Cleveland, Waters and Bass on the history and legal basis of New Hampshire’s timber tax, explaining that timber was historically treated as part of real property, that a 1913 case confirmed that view, and that a 1949 constitutional amendment created a separate timber yield tax to discourage clear-cutting and support forest conservation. He described the tax as a tax on the yield when timber is severed, not an income tax, and noted that towns are reimbursed through a system based on Department of Revenue Administration market data and local reports of cut. Members and guests asked how “yield” is defined, how the timber tax interacts with current use, and whether carbon sequestration could be treated similarly. Testimony explained that current use generally is not affected by harvesting timber, that towns can tax standing timber under RSA 79:5 but rarely do because it is labor-intensive, and that carbon credits might be valued using a similar market-data approach. Several speakers discussed a prior bill drafted with DRA input that would have treated carbon more like timber, but noted it never fully advanced in the General Court and that the version ultimately discussed by the House differed from the earlier DRA-comfortable draft. The discussion also covered whether carbon sequestration agreements are effectively long-term leases or transfers of timber rights, with Rhodes suggesting that 99-year arrangements could be taxable transfers of real property under DRA rules, though he had not reviewed specific agreements. DRA staff said they do not currently have a timber-like survey mechanism for carbon and would likely need access to proprietary market data or a subscription service to build one. No formal vote was taken beyond approving the minutes; the commission appeared to agree to revisit the carbon/timber valuation issue and the draft bill at a future meeting.

Transcript Highlights:

• So it was taxation without representation.
• I'm testifying on behalf of the Council on State Taxation.
• It's in Chapter 9 in the Taxation and Revenue Department's Enabling Act.
• It's in Chapter 9 in the Taxation and Revenue Department's Enabling Act.
• You only pay the Taxation and Revenue Department once.

Committee: House House Taxation & Revenue

Transcript Highlights:

• Duhigg, an act relating to taxation, removing incremental increases to the cannabis excise tax.
• Senate Bill 110, introduced by Senator Wirth, an act relating to taxation.
• Senate Bill 112, introduced by Senator Wirth, an act relating to taxation, providing that student housing
• Requiring the Motor Vehicle Division of the Taxation and Revenue Department to maintain applications
• We will meet on Tuesday for our organizational meeting, and then we will have the Secretary of Taxation