Video & Transcript Research : 'capital gains'
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AL
Transcript Highlights:
- and with what's the growth has Alabama and with what's the growth has been in our state and the the gains
- that been in our state and the the gains that been in our state and the the gains that we have made
- at the 1st, 2025 as Alpha by Alpha Day at the 1st, 2025 as Alpha by Alpha Day at the Alabama State Capital
Keywords:
occupation tax, securities, financial regulation, tax exemption, legislative amendment, capital gains tax, realized gains, unrealized gains, investment income, asset sale, capital assets, wealth tax, estate tax, trust tax, tax limitation, constitutional amendment, Texas Constitution, Article VIII, property tax, sales tax
TX
Transcript Highlights:
- H.J.R. 6 by Capriglione proposing a constitutional amendment of a tax on the realized or unrealized capital
- gains of an individual, family, estate, or...
- HB 135 by Button relating to an exemption from sales and use taxes for gain.
- Hawkins, relating to the operability of first responder public safety broadband networks and the Capital
Keywords:
occupation tax, securities, financial regulation, tax exemption, legislative amendment, capital gains tax, realized gains, unrealized gains, investment income, asset sale, capital assets, wealth tax, estate tax, trust tax, tax limitation, constitutional amendment, Texas Constitution, Article VIII, property tax, sales tax
OK
Transcript Highlights:
- program, making it possible for our charter schools and nonprofit private schools to access dollars for capital
- To allow those dollars to be available for capital needs, Mr.
Keywords:
education funding, linked deposits, education infrastructure, charter schools, nonprofit organizations, Oklahoma Education Infrastructure Program, HB1242, cervidae, deer, elk, sales tax exemption, agricultural exemption, livestock, ranching, farm tax, agricultural sales tax, Oklahoma Tax Commission, agriculture, producer sales, private treaty
OK
Transcript Highlights:
- would make it possible for our charter schools and nonprofit private schools to access dollars for capital
- uncomfortably a bill to amend our Opportunity Scholarship Act to allow those dollars to be available for capital
- uncomfortably a bill to amend our Opportunity Scholarship Act to allow those dollars to be available for capital
Keywords:
education funding, linked deposits, education infrastructure, charter schools, nonprofit organizations, Oklahoma Education Infrastructure Program, HB1242, cervidae, deer, elk, sales tax exemption, agricultural exemption, livestock, ranching, farm tax, agricultural sales tax, Oklahoma Tax Commission, agriculture, producer sales, private treaty
Summary:
The committee first considered and unanimously approved the nomination of Keith Ventress to the Oklahoma Development Finance Authority and then to the Oklahoma Industrial Finance Authority. Members noted his banking background and asked a brief question about the reference to old congressional district boundaries in the nomination materials, but there was no substantive opposition and both nominations advanced to the Senate.
House Bill 1590, by Senator Daniels, would create an Oklahoma education infrastructure linked deposit program to provide reduced-interest loans for charter schools and nonprofit private schools for capital and building needs. Supporters said it would use existing state linked-deposit structures already used for agriculture and affordable housing, while opponents raised concerns about using taxpayer-backed funds for private schools, the bill’s broad nonprofit language, and whether it could lead to more state oversight of private education. The bill passed 9-2.
House Bill 1242, which would add survey day to the list of agricultural sales tax exemption items, was discussed briefly but received no motion for a do pass recommendation and remained in committee. House Bill 3818, by Senator Coleman, would create tax-advantaged insurance loss savings accounts for homes and vehicles; members expressed concern about missing definitions, contribution limits, and the potential for abuse, but agreed the concept had promise and the bill passed 9-2 after the enacting clause was stricken for further work. House Bill 4305, as amended, clarified how affordable housing properties are assessed for ad valorem tax purposes by excluding certain income-based subsidies from valuation; after questions about prior court cases and assessment practices, it passed 6-5.
TX
Transcript Highlights:
- This constitutional amendment would prohibit any iteration of a capital gains tax.
- Capital gains taxes can discourage investment, slow economic growth, and reduce job creation.
- R-6 is a necessary measure to explicitly prohibit a personal or business capital gains tax to keep Texas
- That's right, but the point of There is no, as most people think about it, a personal capital gains tax
- capital gains.
Keywords:
school district, ad valorem tax, local revenue, tax collection, education funding, border security, tax exemption, ad valorem, real property, infrastructure, Texas-Mexico border, ad valorem taxation, farm products, livestock, timber, death tax, inheritance tax, estate tax, property transfer, constitutional amendment
TX
Transcript Highlights:
- Heresy are 1862 exempt permanently in statute by constitutional amendment that the gains will not be
- paying taxes on capital gains? Senator West? I don't have any capital gains.
- This will make sure that capital gains tax is part of it. Thank you. I love you.
Keywords:
school safety, Foundation School Program, education funding, student allotment, Texas education, SB 263, Texas franchise tax, cost of goods sold, COGS, broadcasters, television broadcasting, radio broadcasting, media tax, broadcast license, FCC, 47 C.F.R. Part 73, 47 C.F.R. Part 74, film production, television production, tax deduction
AZ
Transcript Highlights:
- These were ill-gotten gains from an unconstitutional tax.
Keywords:
public safety, retirement system, investments, trust fund, board of trustees, financial report, income tax rebate, Pinal County, taxpayer eligibility, state revenue, financial assistance, transaction privilege tax, business location, tangible personal property, shared vehicle, sourcing, income tax, veterans, donations, tax refunds
TX
Transcript Highlights:
- house and gallery will please rise for the invocation which will be offered by pastor Scott wall from Capital
- Welcome to your Texas capital. Mr..
- Thank you. to your capital. 267 McCain on the floor of the house. Chair recognizes Mr.
- gains of an individual. family, estate, or trust.
- And how are most of the students gaining access to the program? Do they go by?
Bills:
HB 120, HB20, HB150, HB6, HB 100, HB 124, HB210, HB215, HB1393, HB1587, HB 1151, HB 1268, HB142, HB451, HB39, HB 102, HB 126, HB290, HB300, HB2143, HJR2, HB147, HJR6, HB 120, HB20, HB150, HB6, HB 100, HB 124, HB210, HB215, HB1393, HB1587, HB 1151, HB 1268, HB142, HB451, SB1
Keywords:
career readiness, education reform, workforce training, public schools, financial aid, applied sciences, career education, high school diploma, certificate program, work-based learning, job placement, high-growth jobs, technical training, cybersecurity, state command, information resources, data protection, incident response, mental health, telehealth
OK
Keywords:
insurance, nonadmitted insurers, surplus lines, insurance regulation, Oklahoma, health insurance, contracting entities, medical providers, enrollment, beneficiary rights, property and casualty, rates, filing, Insurance Commissioner, regulation, property, regulations, actuary, rate filing, independent review
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 4th, 2026 at 01:00 pm
Washington Senate Floor Meeting
Bills:
SB6061, SB6234, SB6176, SB6335, SB6047, HB2235, HB2340, HB2464, HB2619, HB1376, HB1796, HB2091, HB2249, HB2254, HB2353, HB2431, HB2441, SB5808, SB5949, HB2124, HB1069, HB2104, HB2624
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects
Summary:
The Senate received messages from the House transmitting several signed bills, then moved through a series of second- and third-reading actions on multiple measures. Engrossed Substitute House Bill 2508, clarifying the scope and authority of the Office of Independent Investigations, was advanced to final passage without objection and passed 44-4. Senators supporting it described it as a technical housekeeping bill aligning statute with current practice, while noting it had broad support from law enforcement groups and the ACLU; opponents raised concerns about overlapping investigations and authority.
Engrossed Substitute House Bill 1408, which dedicates a share of sales tax revenue from the stadium area to the South Downtown/Pioneer Square community preservation and development authority, was amended by a Ways and Means striking amendment declaring an emergency and then passed 47-1. Supporters said it would fund earthquake reinforcement, preservation, and community development in a historic district, with reporting and sunset provisions. Engrossed Substitute House Bill 1500, dealing with resale certificates for common interest communities and homeowners associations, was amended to clarify disclosure and litigation provisions and passed 39-9. Substitute House Bill 1570, allowing collective bargaining for certain employees enrolled in academic programs at public institutions, failed an amendment to remove the emergency clause and then passed 29-19; supporters framed it as recognition of student workers’ organizing rights, while opponents warned it blurred student and employee roles.
The Senate also passed Substitute House Bill 1390, repealing the Community Protection Program and directing participants into other developmental disability services, after rejecting a series of amendments that sought to preserve sex-offender-related restrictions, add assessments, damages, or prosecutorial review. The bill passed 29-20 amid sharp debate over whether the program was coercive and outdated or necessary to protect vulnerable people and communities. Other bills passed included Substitute House Bill 2114 on defective license plates, Engrossed Substitute House Bill 2471 on collective bargaining if the NLRB is unavailable, House Bill 1069 on bargaining over supplemental retirement contributions for Department of Corrections employees, House Bill 2441 expanding medical premium reimbursements for surviving spouses of line-of-duty deaths, and Engrossed Third Substitute House Bill 1710 adding preclearance requirements under the Washington Voting Rights Act; the voting rights bill drew opposition over local control and litigation concerns. The transcript ends during the roll call on final passage of Engrossed Third Substitute House Bill 1710.
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 4th, 2026 at 09:00 am
Washington Senate Floor Meeting
Transcript Highlights:
- Mike Tyndall, who is Capital Ministry State Ministry Leader in Washington State. Thank you.
Bills:
SB6061, SB6234, SB6176, SB6335, SB6047, HB2235, HB2340, HB2464, HB2619, HB1376, HB1796, HB2091, HB2249, HB2254, HB2353, HB2431, HB2441, SB5808, SB5949, HB2124, HB1069, HB2104, HB2624
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects
Summary:
The Senate opened with roll call, the Pledge of Allegiance, prayer, and approval of the previous day’s journal. It received a House message that the House had passed second engrossed substitute Senate Bill 5010, and then took up Senate Resolution 8700 honoring Yolanda Cortinas Trout Manuel for her community service, business leadership, and public service. Senator Fortunato sponsored the resolution and spoke warmly in support, and the Senate adopted it by voice vote and recognized the guest in the gallery.
The chamber then confirmed Gubernatorial Appointment No. 9142, Maria Seguyenza to the Western Washington University Board of Trustees, after supportive remarks from Senators Bateman and Wilson-Clair. The Senate also passed Substitute House Bill 2248, described as a technical cleanup bill for Secretary of State corporate filings, and House Bill 2309, which removes postgraduate degree requirements for certain state jobs to broaden applicant pools. House Bill 2348 passed as a Department of Natural Resources efficiency measure allowing smaller land sales to be posted online and clarifying fair-market-value requirements.
The Senate deferred Second Substitute House Bill 1128 at first, then later adopted a striking amendment and passed the bill as amended. The bill creates a child care workforce standards board to study workforce conditions and make recommendations; several proposed amendments by Senator King to add child-safety training language, add an expiration date, and narrow the board’s scope were rejected. Supporters said the board would professionalize child care work and improve wages and standards, while opponents argued it would add government and costs without solving affordability. The Senate also passed Engrossed Second Substitute House Bill 2523 on the Community Reinvestment Program, with supporters emphasizing accountability, periodic review, and an independent study, and passed Substitute House Bill 2428 to prevent unintentional lapses in life insurance policies by allowing third-party notices.
Finally, the Senate passed House Bill 2340, expanding the CARES substance use disorder recovery program to nursing assistants, and Engrossed House Bill 2317, which streamlines licensing for Early Childhood Education and Assistance Program sites in certain educational settings. Most bills passed by wide margins, though Second Substitute House Bill 1128 passed with a narrower 28-19 vote. The Senate then recessed for lunch and caucus.
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 4th, 2026
Washington Senate Floor Meeting
Transcript Highlights:
- Dozier, Fortunato, Brain, Gildon, Gain, Gailon, Gainer, Hanson, Harris, Hasegawa, Hussigawa, Hunt.
Bills:
SB6061, SB6234, SB6176, SB6335, SB6047, HB2235, HB2340, HB2464, HB2619, HB1376, HB1796, HB2091, HB2249, HB2254, HB2353, HB2431, HB2441, SB5808, SB5949, HB2124, HB1069, HB2104, HB2624
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects
Summary:
The Senate took up a series of House bills, often suspending the rules to move measures directly to final passage after brief debate. Messages from the House reported signed bills being transmitted, and the Senate later signed several measures in open session. The chamber also excused a few members from voting on specific bills.
Among the first major actions, Engrossed Substitute House Bill 2508, clarifying the scope and authority of the Office of Independent Investigations, passed 44-4 after supporters described it as a technical housekeeping bill and opponents raised concerns about overlapping investigations. Engrossed Substitute House Bill 1408, which dedicates 20% of sales tax revenue from the two large stadiums to a community preservation and development authority in South Downtown/Pioneer Square/Chinatown International District, passed 47-1 after supporters emphasized reinvestment in historic buildings and neighborhood safety. Engrossed Substitute House Bill 1500, requiring more complete resale certificates for common interest communities and homeowners associations, passed 39-9 after a successful amendment clarifying litigation language. Substitute House Bill 1570, allowing collective bargaining for certain student employees at public institutions, failed an amendment to remove the emergency clause and then passed 29-19 despite objections that it blurs student and employee roles.
The chamber then debated Substitute House Bill 1390, which repeals the Community Protection Program and directs DSHS to transition participants into other developmental disability services. Numerous amendments sought to preserve restrictions, add assessments, or create liability protections, but most were rejected; the committee striking amendment updating agency names and dates was adopted. The bill passed 29-20 after a lengthy, emotional debate over whether the program protects public safety or unfairly restricts people with developmental disabilities, with supporters citing civil rights concerns and opponents warning about risks to vulnerable residents and the lack of a detailed transition plan. Other measures passed with broad support, including Substitute House Bill 2114 on defective license plates (48-0), Engrossed Substitute House Bill 2471 on collective bargaining if the NLRB loses authority (31-18), House Bill 1069 on bargaining over supplemental retirement contributions for Department of Corrections employees (31-18), House Bill 2441 expanding medical premium reimbursements for surviving spouses of line-of-duty deaths (49-0), and Engrossed Third Substitute House Bill 1710 adding preclearance requirements under the Washington Voting Rights Act, which drew debate over local control and litigation but had not yet reached a final vote by the end of the transcript.
LA
Transcript Highlights:
- House Bill 2 by Representative Bacala provides for the comprehensive capital outlay budget.
- authorizes the state, through the State Bond Commission, to sell general obligation bonds to fund our capital
- Bond Commission meeting, the state will be selling general obligation bonds to continue to fund the capital
- And bond proceeds are deposited into the capital outlay escrow account.
NM
Transcript Highlights:
- They get 1% off the capital. I know what art in public places is, Mr. Chairman.
- We still had to put in our own capital, which has never happened before.
- We had to fund our own capital. We were left the fire and the reconciliation.
- So this is using public school capital outlay reserves, excess money that they can't mobilize to help
- pay for the capital outlay package for higher ed.
Keywords:
cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds
NM
Transcript Highlights:
- These are the changes to the capital outlay process.
- But yep, these are the changes to the capital outlay process.
- Improvement Plan, ICIP, to receive capital appropriations.
- Infrastructure Capital Improvement Plan, ICIP, to receive capital appropriations.
- project through a capital outlay process.
Keywords:
cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 18th, 2026 at 02:07 pm
House Taxation & Revenue
Transcript Highlights:
- The Finance Committee substitute for Senate Bill 240, as amended, appropriates $1.3 billion to capital
- Chair, could you, when we do capital outlay projects for... let's say a backhoe, or as opposed to maybe
- I mean, not for capital outlay bills again, but I just wanted to make that clear. Mr.
- He works in the Department of Finance Administration, and he actually heads up our capital outlay division
Bills:
SB240
Keywords:
capital outlay, capital projects, severance tax bonds, general fund appropriations, supplemental severance tax bonds, UNM School of Medicine, University of New Mexico, infrastructure, state buildings, courts, schools, higher education, road improvements, water and wastewater, tribal infrastructure, tribal projects, public safety, housing, emergency services, bonding
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 18th, 2026 at 08:43 am
House Taxation & Revenue
Transcript Highlights:
- Capital-intensive industries such as energy, manufacturing, and infrastructure are especially sensitive
- Meanwhile, peer states are moving in the opposite direction, attracting capital, not taxing it away.
- Instead, we're taking the short-term gain.
- It allows local governments to contribute capital and things like infrastructure.
- You expect us to be back later today on capital outlay? Is that what I understand, Mr. Chairman?
Bills:
SB240
Keywords:
capital outlay, capital projects, severance tax bonds, general fund appropriations, supplemental severance tax bonds, UNM School of Medicine, University of New Mexico, infrastructure, state buildings, courts, schools, higher education, road improvements, water and wastewater, tribal infrastructure, tribal projects, public safety, housing, emergency services, bonding
WA
Transcript Highlights:
- Next bill, House Bill 1376, which authorizes taxpayers to prepay their capital gains taxes up to six
- gains by disregarding Internal Revenue Code section 164 for the administration of the prepayment.
- gains taxes up to six months prior to current due date.
- gains by disregarding internal revenue code section 164 for the administration of the prepayment.
- House Bill 1376, concerning the prepayment of capital gains taxes.
Bills:
HB2675, HB2249, HB2120, HB1069, HB1983, HB2431, SB6006, SB6297, SB6351, SB6353, HB2521, HB2091, HB2104, SB6355, HB2254, HB2385, SB5808, HB1796, HB1376, SB6260, HB2353
Keywords:
accounts, finance, business regulation, transparency, audits, HB 2249, Washington Technology Solutions, WaTech, civil service, classified service, exempt employees, state employment, state personnel, network security, cybersecurity, information technology, IT contracting, data center, systems integration, network engineering
Summary:
The Ways and Means Committee met in executive session on March 2, 2026, and took up two large groups of bills. In the first group, members heard briefings on measures dealing with state accounts, immigrant worker protections, Washington Voting Rights Act compliance, AI content provenance notices, an AI grant program, public official security, civil service coverage for WOTEC officers, JLARC work plans, LEOFF Plan 1 termination and restatement, supplemental retirement bargaining, PERS membership for certain port workers, local government tax flexibility, wildfire mitigation financing, timberland tax treatment, and related fiscal notes and amendments. In the second group, the committee heard bills on affordable housing tax remittance, alternative jet fuel incentives, renewable energy tax incentives and grants, nonprofit property tax exemptions, food bank and school sales tax exemptions, behavioral health staffing tax relief, children and youth behavioral health, Working Connections Child Care, language access guidelines, unpaid wage recovery, firearms background check fees, public employer information-sharing, and Office of Independent Investigations jurisdiction.
The committee then voted on the bills and several amendments. It adopted amendments to HB 2675, HB 2105, HB 1710, HB 1170, HB 233, HB 2034, HB 1069, HB 2179, HB 2442, HB 1960, HB 6351, HB 6353, HB 2091, and HB 2508, while rejecting several other proposed amendments, including multiple changes to the immigrant worker, voting rights, and LEOFF bills. Members debated issues such as employer notice timing and private rights of action in the immigrant worker bill, the scope and enforcement of the voting rights preclearance bill, AI content regulation and exemptions for governments and video games, and the structure and fiscal effects of the LEOFF Plan 1 restatement, including a proposed transfer to the Climate Commitment Act and local government medical cost responsibilities.
In the first group, the committee gave due pass recommendations to HB 2675, HB 2105, HB 1710, HB 1170, HB 233, HB 2249, HB 2120, HB 2034, HB 1069, HB 2179, HB 2442, HB 2089, and HB 1983, all subject to signatures. In the second group, it advanced HB 1717, HB 1960, HB 2431, SB 606, HB 2451, SB 6297, SB 6351, HB 2429, SB 6353, HB 2475, HB 2479, HB 2521, HB 2091, and HB 2508, also subject to signatures. The committee also received briefings on additional Group 3 bills, including low-income energy assistance, cap-and-invest fuel compliance, food security, aviation insurance for wildland fire response, waste-to-energy allowances, and other climate- and agriculture-related measures, but the transcript ends before final action on that group.
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 6th, 2026
Washington Senate Floor Meeting
Transcript Highlights:
- $30,000 and you apply it towards about $750 million, that's about 12.5% of the total $6 billion capitalization
- We're reducing the total capitalization of the fund with an equal benefit taken out of the benefit that
- Pension funds that we have been addressing the underfunding of our plans consistently through the gains
- But we got back on a, after, like I say, dissolving ourselves from some underperforming assets, gaining
Bills:
SB6061, SB6234, SB6176, SB6335, SB6047, HB2235, HB2464, HB2619, HB1376, SB5808, SB5949, HB1347, HB1759, HB1983, HB2120, HB2264, HB2338, HB2385, HB2495, HB2521, HB2604, HB2610, HB2675, HB2426
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects
Summary:
The Senate considered Engrossed Second Substitute House Bill 2034, a measure to terminate and restate the LEOFF 1 pension plan and use surplus funds for other state purposes if federal approval is obtained. During debate, senators discussed whether the plan should remain funded at 110% or 120% of actuarial value, whether surplus dollars should instead go to transportation or the budget stabilization account, whether members should receive an additional distribution, and whether local governments should be reimbursed for retiree health care costs. Several amendments were offered: a Gildon amendment to raise the funding target to 120% failed; a technical Robinson amendment adding a date passed; Holy, King, Harris, Schessler, and Conway amendments addressing member distributions, transportation, budget stabilization, local government health care costs, and a reconstituted board distribution all failed; and Robinson’s amendment removing Climate Commitment Act repayment language passed. The Ways and Means striking amendment, as amended, was then adopted.
On final passage, supporters argued the bill was actuarially sound, had been reviewed by attorneys, actuaries, the State Investment Board, and the Department of Retirement Systems, and would allow use of excess funding for other state needs. Opponents warned it left too little in the pension fund, should dedicate surplus dollars only to one-time uses, and did not adequately reimburse cities and counties for retiree medical obligations. After debate, the Senate passed E2SHB 2034 by a vote of 25 yeas, 22 nays, with one absent and one excused.
Afterward, the Senate returned to Substitute House Bill 2178, which was also passed on final passage by a vote of 39 yeas and 9 nays, with one excused. The chamber then adjourned until the next scheduled meeting.
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 6th, 2026 at 05:55 pm
Washington Senate Floor Meeting
Transcript Highlights:
- $30,000 and you apply it towards about $750 million, that's about 12.5% of the total $6 billion capitalization
- We're reducing the total capitalization of the fund with an equal benefit taken out of benefit that we're
- But we got back on a, after, like I say, dissolving ourselves from some underperforming assets, gaining
Bills:
SB6061, SB6234, SB6176, SB6335, SB6047, HB2235, HB2464, HB2619, HB1376, SB5808, SB5949, HB1347, HB1759, HB1983, HB2120, HB2264, HB2338, HB2385, HB2495, HB2521, HB2604, HB2610, HB2675, HB2426, SB6061, SB6234, SB6176, SB6335, SB6047, HB2235, HB2464, HB2619, HB1376, HB1796, HB2091, HB2249, HB2353, HB2431, SB5808, SB5949, HB2124, HB2104, HB2624, HB2510, HB1347, HB1759, HB1983, HB2120, HB2264, HB2338, HB2385, HB2436, HB2495, HB2521, HB2604, HB2610, HB2675
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects
Summary:
The Senate considered Engrossed Second Substitute House Bill 2034, a measure to terminate and restate the LEOFF 1 pension plan and use a portion of its overfunded assets for other state purposes if approved. During debate, senators offered several amendments addressing the funding threshold, member distributions, and transfers to transportation or the budget stabilization account. An amendment to raise the funding floor from 110% to 120% failed, as did proposals to direct funds to retirees, transportation, or the rainy day fund. A technical amendment was adopted, and an amendment removing Climate Commitment Act repayment language was also adopted. Another amendment related to a future distribution after a merger of LEOFF 1 and LEOFF 2 was rejected, and an amendment concerning local government health care obligations for retirees also failed. Supporters argued the bill was actuarially sound, had been reviewed by experts, and would allow use of excess funds for one-time needs; opponents warned it risked pension security, shortchanged cities and counties, and set a bad precedent for raiding pension assets.
After adopting the Ways and Means striking amendment as amended, the Senate advanced the bill to final passage. The final vote was 25 yeas and 22 nays, with one absent and one excused, and the bill passed. The Senate then moved to Substitute House Bill 2178, which was also passed on a 39-9 vote after brief remarks and a few excusal motions. The chamber then adjourned until the following Monday morning.