Transcript Highlights:

• Chair and members, Senate Bill 1638 conforms Arizona's tax statutes to the Internal Revenue Code as of
• Revenue Code and clarifies the income included in the income tax subtraction for foreign dividends.
• Revenue Code and clarifies the income included in the income tax subtraction for foreign dividends.
• Revenue Code, and then it also modifies the standard deduction so that it's only increased for tax year
• Revenue Code.

Bills: SB1638

Keywords: taxation, income tax, internal revenue code, deductions, tax benefits, retroactive, standard deduction, 1182, all

Summary: The Senate Finance Committee took up SB 1638, a tax conformity bill that would update Arizona’s tax code to the Internal Revenue Code as of January 1, 2026 and incorporate federal changes from 2025. The bill also included individual income tax subtractions for tips, overtime, seniors, and auto loan interest, along with changes to the standard deduction and charitable contribution deduction. Committee discussion focused heavily on whether Arizona should conform broadly to federal changes or limit the bill to more targeted, temporary provisions. Two amendments were considered. The chair’s amendment was described as clarifying only, addressing retroactivity and foreign dividend language, and it was adopted. Senator Epstein’s amendment would have removed the broader conformity provisions and the modified charitable deduction, limited the standard deduction change to tax year 2025, and kept the individual subtractions; she argued the business-related conformity items mainly benefited corporations and should be negotiated in the budget. Opponents said the amendment would create unnecessary recalculations and uncertainty for taxpayers and businesses, while supporters of the underlying bill said conformity was needed quickly to match Department of Revenue forms and avoid filing-season confusion. Epstein’s amendment failed. Public testimony split along similar lines. Business and tax group representatives supported prompt conformity, saying taxpayers and small businesses needed certainty and that the department’s forms should be codified. Opponents argued the bill would reduce state revenue substantially and mainly benefit higher-income taxpayers and corporations, while diverting money from education, child care, and health care. After debate, the committee voted to move SB 1638 as amended with a do-pass recommendation, passing it by about 4-3, and then adjourned.

Transcript Highlights:

• The bill ties valuation to the federal state tax standard under Internal Revenue Code Section 2031.
• of Revenue to administer this. of Revenue to administer this.
• Revenue.
• It's in the revenue estimate. It's in the revenue estimate.
• revenue source. revenue source. >> Mhm. >> Mhm. >> Mhm.

Bills: HF4621, HF4123, HF4616, HF1183

Keywords: child tax credit, financial assistance, low-income families, state revenue, tax policy, net investment income, taxation, business income, self-employment, tax increase, wealth tax, fairness, public services, high-income earners, economic equity, Internal Revenue Code, employee classification, federal law, Minnesota statutes, 1183

Transcript Highlights:

• :27.520> in<00:38:27.680> the of the revenue reduction in the of the revenue reduction
• in the department<00:38:28.079> of<00:38:28.160> revenues<00:38:28.640> revenue<
• 00:38:29.119> analysis department of revenues revenue analysis department of revenues revenue
• international even a regional level. international even a regional level.
• first year of the revenue estimate. first year of the revenue estimate.

Bills: HF3127, HF3816, HF3814, HF3815, HF3817

Keywords: taxation, pass-through entity, qualifying owner, partnership, S corporation, tax return, corporate franchise tax, individual income tax, research expenditures, federal compliance, Minnesota Statutes, income tax, corporate tax, section 179, federal conformity, HF3815, Minnesota taxes, tax conformity, Internal Revenue Code, IRC conformity

Transcript Highlights:

• Revenue Code as of January 1, 2026, including the provisions that are retroactive to tax year 2025.
• Revenue Code.
• Our state revenue cannot afford the provision.
• Our state revenue cannot afford the provisions of this bill.
• The governor's Department of Revenue has put out tax forms.

Bills: HB2011, HB2089, HB2090, HB2092, HB2477, HB2785

Keywords: individual income tax, subtraction, Arizona Revised Statutes, retirement benefits, adoption costs, charitable contributions, health insurance, premium payment, Arizona State Retirement System, contingent annuitant, long-term disability, benefits limitations, disability compensation, social security, retirement system, elected officials, ASRS, eligibility waiver, age 65, education savings

Summary: The committee first heard House Bill 2785, a tax conformity measure that would update Arizona statutes to conform to the Internal Revenue Code as of January 1, 2026, including retroactive provisions for tax year 2025. The sponsor and supporters said the bill would align state law with tax forms already issued by the Department of Revenue, provide certainty to filers, and deliver about $440 million in tax relief through provisions such as no tax on tips and overtime, a larger standard deduction, and a $6,000 senior deduction. Opponents argued the bill would significantly reduce state revenue, disproportionately benefit higher-income taxpayers, and should be considered alongside a broader budget plan. After debate and an amendment addressing retroactivity and foreign dividends, the committee approved HB 2785 on a 5-4 vote. The committee then took up several Arizona State Retirement System and education savings bills. HB 2089 clarified the health insurance premium benefit subsidy for retirees and passed unanimously. HB 2090 changed the disability determination period for long-term disability benefits from 24 months within a five-year period to a straight 24-month period and passed 8-1. HB 2092 allowed employees over age 65 to waive ARS participation within 30 days of becoming eligible and also passed 8-1. HB 2477 conformed Arizona’s 529 education savings plan to federal law, including expanded uses and a permanent rollover to ABLE accounts and Roth IRAs; testimony supported the cleanup and simplification, but some members raised concerns about the Roth rollover and possible use of transferred ESA funds. HB 2477 passed 5-3 with one present vote, and the committee then adjourned.

Transcript Highlights:

• should call the Department of Revenue. should call the Department of Revenue.
• conversation, is not a revenue conversation, is not a revenue generating<00:24:31.120> table.
• IRS code.
• track<01:19:59.520> and Revenues Revenues ability to track and Revenues Revenues ability to
• We also did not consider revenue hits to We also did not consider revenue hits to other<01:33:05.200>

Bills: HF4234, HF3697, HF1183, HF4738

Keywords: HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund, Minnesota Statutes, time limit, claims, tax overpayment, taxation

Summary: The committee first adopted the April 14, 2026 minutes as amended, correcting a misspelling in the reference to Chair Davids. It then heard House File 4234, a tax-exempt bonding/affordable housing bill from Representative Rey Rower, and adopted a technical A1 amendment before laying the bill over for possible inclusion in the 2026 tax bill. The bill would conform Minnesota law to recent federal changes to low-income housing tax credit rules by lowering the amount of tax-exempt bonds needed for projects to qualify, with the stated goal of spreading bond allocations across more projects and increasing affordable housing production without additional state funds. Testimony in support came from the bill author, the Greater Minnesota Housing Fund, and Mary Tingerthal, who said the change would increase efficiency in the use of federal bond authority and could raise the number of funded housing projects from about 16 to 25 per year, bringing in roughly $120 million more annually for housing. Members discussed where the benefits would be felt statewide, including greater Minnesota and larger metro areas, and the author said the bill would help address shortages in affordable and senior housing. The committee took no final vote on the bill, instead laying it over. The committee next heard House File 3697 from Vice Chair Norris, which would change Minnesota’s tax refund claim timelines to better align with federal law and most other states. The author and a tax attorney testifier said the bill would reduce confusion and help taxpayers, especially vulnerable individuals who may overpay or be overassessed and then miss the current deadline to seek refunds. The Department of Revenue said it had no concerns with the language and did not oppose the bill, and the committee laid the bill over for possible inclusion in the 2026 tax bill. Finally, the committee began hearing House File 4738 from Representative Keeler, a Safe Harbor funding proposal for victims of sex trafficking and sexually exploited youth. The author described Safe Harbor as a statewide program serving youth across Minnesota and said the committee should consider creative funding options, but Chair Davids stated the proposed funding source would not work because it would take money from women’s sports scholarships. Testifiers from Lake House in Duluth and a former Safe Harbor youth described the program’s impact on homeless and trafficked youth, including shelter, mental health services, education, and transition to adulthood. The hearing continued with testimony, but no action was taken in the portion provided.

Transcript Highlights:

• Those revenues are essential for infrastructure, streets, sidewalks, utilities, and pedestrian safety
• This is a win for Midland and for Texas—tourism and state revenue, all from a city that already punches
• We target areas that are in real need, specifically two zip codes.
• A municipality that designates a PFZ is entitled to receive the incremental hotel tax revenue. ...revenue
• Then I applied for property tax relief under Texas Tax Code, Chapter 11, Section 11A.

Bills: HB249, HB 1186, HB2313, HB2408, HB2508, HB2730, HB2974, HB3045, HB3232, HB3336, HB3710, HB4044, HB4236, HJR133, HB249

Keywords: ad valorem taxes, property taxes, homestead exemption, disabled veterans, senior citizens, tax payments, installment payments, municipal tax revenue, hotel, convention center, tax code, economic development, local government, municipality, tax revenue, qualified projects, municipal taxation, hotel project, municipality funding, veteran

Transcript Highlights:

• Included in your packet is a revenue analysis.
• And then within that revenue analysis.
• know, as per usual, the tax code know, as per usual, the tax code benefits<00:35:39.320> those
• I'm the legislative director for the Department of Revenue.
• We adopted this in the governor's supplemental budget by updating a date to the current Internal Revenue

Bills: HF495, HF4321, HF3902, HF4161, HF3755

Keywords: day care, tax subtraction, child care costs, licensed child care, dependent care assistance, HF4321, dependent care assistance programs, gross income exclusion, federal conformity, Internal Revenue Code, individual income tax, Minnesota tax law, tax conformity, child care assistance, employer-provided dependent care, taxable income, state income tax, retroactive tax change, family care benefits, housing tax credit

Bills: SB334

Keywords: SB334, Lauderdale County, Florence, Shoals Economic Development Fund, sales tax, use tax, local tax, economic development, county commission, municipal revenue, tax proceeds, special revenue fund, Colbert County, local legislation, Alabama Code 45-39-245.47, 923, senate, all

Transcript Highlights:

• Taylor is quickly becoming an international business hub.
• outlined in Chapter 351 of the tax code.
• Under Section 334.0082 of the Local Government Code, certain large municipalities may use revenue from
• Currently, provisions in the Local Government Code and Tax Code, specifically sections 334.0082 and 351.001
• House Bill 3118 relates to municipal hotel tax revenue.

Bills: HB 1039, HB2289, HB2370, HB2404, HB3066, HB3076, HB3117, HB3118, HB3169, HB3178, HB3179, HB3182, HB3196, HB3241, HB3377, HB3500, HB3567, HB3715, HB3954, HB4098, HB4109, HB4222, HB4226, HB4412, HB4659, HB4682, HB4683, HB4755, HB4926, HB5165, HB5562, HB5596

Keywords: hotel occupancy tax, municipal revenue, tax authority, border counties, tax legislation, municipalities, hotel tax revenue, convention centers, economic development, local government authority, HB 2370, HOT tax, venue projects, convention center, municipal finance, local government code, Section 334.0082, tourism tax, debt financing, bond repayment

Transcript Highlights:

• ...can be used to offset and lower taxation by providing an additional stream of general revenue?
• The internal rate of return is another investment performance metric, using connections with the date
• This approach ensures that a dedicated revenue stream exists outside the general revenue fund, preventing
• Unfortunately, revenue deposited into this account has declined in recent years while costs for trauma
• into the general revenue fund from 70% to 50%.

Bills: HB 104, HB2054, HB3459, HB3745, HB4486, HB4488, HB4601, HB104

Keywords: Texas Future Fund, investment review board, economic stabilization, innovative technology, national defense, HB 2054, Texas volunteer fire department assistance fund, Rural Volunteer Fire Department Assistance Program, volunteer fire departments, wildfire mitigation, wildland fire, rural fire protection, insurer assessment, insurance premium tax, state appropriations, firefighting grants, emergency services, high-risk wildfire areas, Texas Comptroller, Texas Government Code

Transcript Highlights:

• Texas tax code.
• events available to the Texas Workforce Commission comes from the HB3699 would amend the Texas Labor Code
• The current law, section 552.130 of the government code, treats vehicle license plates captured on video
• HB 1893 addresses these issues by amending Section 552.130 of the Government Code and Section 730. 007
• of the Transportation Code to clarify that license plates captured in law enforcement video are not

Bills: HB1397, HB1893, HB1950, HB2027, HB2791, HB3698, HB3699, HB3700, SB2603, SB2607, SB2565

Keywords: Texas Constitution, Declaration of Independence, victory or death letter, display, historic preservation, HB 1893, Texas public information law, Public Information Act, Government Code 552.130, Transportation Code Chapter 730, license plate number, vehicle registration, law enforcement video, police body camera, dashcam, redaction, public records request, open records, government transparency, privacy

Transcript Highlights:

• Revenue and Taxation will come to order, members. Thank you for being here.
• Senate Revenue and Taxation Committee for consideration pursuant to section 150.5 of Title 74 of the
• So, this is like 0.005% of the entire revenue taken in by Rogers County.
• In Title 17, we're simply doing the same thing here in Title 68 tax codes so that they match.
• This will also clarify some definitions and modernize language in the property tax code.

Bills: SB1280, SB1392, SB1393, SB1395, SB1400, SB1405, SB1832, SB1839, SB1989, SB2001, SB2143

Keywords: excise tax, oil tax, natural gas tax, state revenue, Oklahoma Corporation Commission, income tax, tax credit, aerospace sector, employment, economic development, adaptive reuse, affordable housing, urban renewal, economic impact, program, housing, revitalization, urban development, income tax credit, manufacturing

Bills: SB14, SB217, SB586, SB856, SCR12, SCR24, SB 14

Keywords: regulatory reform, state agencies, efficiency, rulemaking, judicial review, SB 217, Historic Texas Freedmen's Cemetery Designation Program, Texas Historical Commission, Freedmen's cemetery, freed slave burial site, cemetery designation, historic cemetery, African American history, Black cemetery, burial grounds, cemetery preservation, historical marker, medallion, property owner notice, adjacent landowners

Transcript Highlights:

• Importantly, this legislation aligns with ERS's current procedures and is revenue neutral.
• This bill adds food bank vehicles to the list of exempt vehicles in the tax code from state tax on the
• Chair members, House Bill 4044 amends Chapter 172 of the tax code to reauthorize the participation of

Bills: HB104, HB2434, HB2529, HB2688, HB3161, HB3486, HB3487, HB3745, HB4044, HB4226, HB4945, HB104

Keywords: Texas Future Fund, investment review board, economic stabilization, innovative technology, national defense, retirement, service credit, Employees Retirement System of Texas, employee benefits, pension reform, salary supplement, county judges, judicial functions, state law, government compensation, public retirement systems, municipality pensions, firefighters, police officers, retirement age

Bills: SB 39, SB 2129, SB 2141, SB 2246, SB 2323, SB 2439, SB 2722

Keywords: railroad, train, collision, information disclosure, safety, driver's license, reporting, off-highway vehicles, public land, safety certificate, transportation, Parks and Wildlife Code, tolls, county revenue, civil penalty, ad valorem tax, transportation funding

Transcript Highlights:

• Importantly, this legislation aligns with the ERS's current procedures, is revenue neutral, and ensures
• In the tax code from state sales tax on the purchase and rental of its vehicles.
• House Bill 4044 amends chapter 172 of the tax code to reauthorize the participation of higher education

Bills: HB104

Keywords: property tax, ad valorem tax, tax rate election, voter-approval tax rate, no-new-revenue tax rate, de minimis rate, local government, special district, tax increase, tax notice, public hearing, tax code, Health and Safety Code, Texas property taxes, taxing unit, election threshold, two-thirds vote, majority vote, budget approval

Transcript Highlights:

• But actively convert resource revenues into long term public capital and economic growth.
• So we would, the way we generate the revenue is out of, uh, private industry that pays the tax that,
• This approach ensures that a dedicated revenue stream exists outside the general revenue fund, preventing
• Unfortunately, revenue deposited into this account has declined in recent years while costs for trauma
• into the general revenue fund from 70% to 50%.

Bills: HB104

Keywords: property tax, ad valorem tax, tax rate election, voter-approval tax rate, no-new-revenue tax rate, de minimis rate, local government, special district, tax increase, tax notice, public hearing, tax code, Health and Safety Code, Texas property taxes, taxing unit, election threshold, two-thirds vote, majority vote, budget approval

Transcript Highlights:

• Internal Auditor's standards, allows our state agencies to do... the same thing with its internal auditors
• Currently, government code allows.
• Because it was obsolete in their code.
• All codes as opposed to just doing it on one code. Mr.
• of internal auditing.

Bills: HB512, HB2248, HB2679, HB2832, HB3112, HB3368, HB3490, HB3512, HB3623, HB3666, HB3700, HB3711, HB3770, HB3963

Keywords: grievance procedures, state agency, employee rights, workplace regulations, employment law, employees, employment actions, appeal, state employees, workplace rights, disciplinary actions, employment conditions, employment disputes, job protections, public information, transparency, government accountability, information access, notification requirements, federal funding

Transcript Highlights:

• oig um this this Comm has had internal oig um this this Comm has had to<01:24:55.040> fight<01
• He is now the Commissioner of Revenue, and he was very helpful in crafting a bill that I think would
• He is now the Commissioner of Revenue, and he was very helpful in crafting a bill that I think would
• He is now the Commissioner of Revenue, and he was very helpful in crafting a bill that I think would
• Now the Department of Revenue has actually been able to begin advanced payments, and that was something

Bills: HF1, HF1384

Keywords: Office of Inspector General, inspector general, legislative audit, fraud prevention, waste and abuse, public funds, grant oversight, state grants, grant management, whistleblower protection, retaliation, subpoena power, data practices, government transparency, accountability, law enforcement referrals, sanctions, debarment, payment withholding, public assistance fraud

Bills: HB1, HB312, HB313, HB314, HB383, HB983, HB1126, HCR3

Keywords: state budget, appropriations, education funding, public health, social services, government operations, state institutions, budget, funding, state general fund, local government, fiscal year, economic development, state treasury, emergency response, education, voting technology, sustainability, revenue sharing, fund distribution