Video & Transcript Research : 'credit audit'

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MN

Minnesota 2025-2026 Regular Session

Taxes Committee Meeting - 2025-05-06

Taxes

Transcript Highlights:
  • At the top, Article 1, Sections 10 and 11, these are the short-line credit transfer and credit certificate
  • Line 7 is the individual income tax credit, and this is a new credit that adds an additional $100 for
  • the credit.
  • . in the renter's credit.
  • Credit to fill this critical gap.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 5/6/25

Taxes

Transcript Highlights:
  • Line seven is the individual income tax credit, and this is a new credit that adds to an existing credit
  • Line seven is the individual income tax credit, and this is a new credit that adds to an existing credit
  • Line seven is the individual income tax credit, and this is a new credit that adds to an existing credit
  • Line seven is the individual income tax credit, and this is a new credit that adds to an existing credit
  • Line seven is the individual income tax credit, and this is a new credit that adds to an existing credit
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Feb 16th, 2026 at 01:30 pm

Revenue and Taxation

Transcript Highlights:
  • And it's at 40 dollars per that credit if you qualify. And it is a pretty low amount.
  • So this eliminates the home office premium tax credit again.
  • Just a question on what is the purpose of removing the home office credit?
  • And there is some reform and the credit again. If that's acceptable, fine.
  • But if we need that tax credit to stay with the home offices. Then that's fine too.
MN

Minnesota 2025 1st Special Session

House Children and Families Finance and Policy Committee 3/4/25

Children and Families Finance and Policy

Transcript Highlights:
  • deputies within the legislative audit deputies within the legislative audit are<00:10:23.320>
  • <01:36:15.920> um our nation leading child tax credit um our nation leading child tax credit
  • What's the credit cap?
  • um tax credit and dependent Care Credit um tax credit and dependent Care Credit because<01:40:56.880
  • seven what's the credit seven what's the credit cap<01:41:49.159> thank<01:41:49.360>
Bills: HF1, HF1384
MN

Minnesota 2025-2026 Regular Session

House Education Finance Committee 2/25/25

Education Finance

Transcript Highlights:
  • He said this bill, based on the model established with the child tax credit, provides lower... audit
  • legislature established the child credit legislature established the child credit advaned<01:26:
  • Advanced payments and Advanced credit Advanced payments and Advanced Credit<01:27:05.080> payments
  • installments under the child credit installments under the child credit which<01:27:11.159> my
  • <01:27:25.960> Advan whereas the the child credit Advan whereas the the child credit Advan
Bills: HF1, HF779, HF1034
AL

Alabama 2026 1st Special Session

Alabama Senate County and Municipal Government Committee Mar 3rd, 2026

County and Municipal Government

Transcript Highlights:
  • Um, we're basically, you know, removing some audit requirements on our small cities and I was able to
  • but it satisfies them the money of audit but it satisfies the<00:14:33.199> examiner's<00:14:
  • basically, you know, removing some audit basically, you know, removing some audit requirements<00
  • Before I even brought this bill up, preparers came to me, which ones are selling the audits basically
  • Chair, and recognizing and crediting my friend next to me about his concerns.
MN
LA

Louisiana 2026 Regular Session

Ways and Means Apr 27th, 2026

Ways & Means

Transcript Highlights:
  • So this is a subcommittee that will explore a tax credit. That's right.
  • So a tax credit effectively reduces our revenue.
  • How would you envision if they recommend we do the state tax credit?
  • The state tax credit would it just be limited to those individuals who live there?
  • I mean, if you look at it, we have state tax credits for a variety of issues, right?
Bills: HR118, HB1039, SB436, SB442
Summary: Yes. This appears to be a meeting of the House Ways and Means Committee, based on the chairman’s roll call, the committee’s tax-related agenda, and the motions to report bills favorably. The committee first announced that SB 436 by Senator Cloud was deferred. It then heard SB 442 by Senator Stein, which would extend and clarify a local sales and use tax exemption in Calcasieu Parish for repairs, upgrades, and overhauls of certain aircraft at qualifying facilities like Chennault. Testimony from Citadel Completions emphasized the bill’s economic-development purpose, competitiveness with other states, and job retention/expansion in Southwest Louisiana. Representative Orgeron moved favorable passage, and the bill was reported favorably without objection. The committee next considered HR 118 by Representative Wright, which would create a legislative subcommittee to study a possible state income tax credit for certain water utility customers affected by high rates tied to private water system upgrades and brown-water/manganese issues in parts of the Florida parishes and elsewhere. Members questioned the fiscal impact, eligibility, and whether the proposal would merely be a Band-Aid or a fair way to offset costs; Wright said it was only a study and not an automatic trigger for a tax credit. Representative Jackson moved to report the resolution favorably, and it was adopted without objection. Finally, HB 1039 by Representative Desotel was not presented and was held in committee. The committee then adjourned.
LA

Louisiana 2026 Regular Session

Senate and Governmental Affairs May 6th, 2026

Senate & Governmental Affairs

Transcript Highlights:
  • So it essentially is going to raise the audit threshold from...”
  • “These audit thresholds were set up years and years ago, so we just moved it up now.
  • Usually they have a four-year degree in auditing or accounting.
  • , payroll auditing, procurement, contract negotiations?
  • the things of auditing, payroll auditing, procurement, contract negotiations, all that kind of thing.
OK

Oklahoma 2026 Regular Session

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

Government Oversight

Transcript Highlights:
  • That updates and modernizes our Oklahoma Municipal Audit Audit.
  • I only know of two main, you know, two major. ...credit cards, their rates.
  • Yes, the free market is going to determine what these credit card companies are paying because that credit
  • The free market is going to determine what these credit card companies are paying because that credit
  • But the truth is that these credit card companies set their own rates.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/20/25

Taxes

Transcript Highlights:
  • and Working Family Credit.
  • number to file and claim the credit, and the state credit does not.
  • are this credit those three credits are this credit those three credits are added<00:02:13.000
  • <00:02:32.360> um um to be eligible for the credit um um to be eligible for the credit um
  • Credit does not uh credit and the State Credit does not uh second<00:02:48.400> childless<00:02
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions Apr 7th, 2026 at 03:00 pm

Banking, Financial Services and Pensions

Transcript Highlights:
  • the transaction are aware that they are receiving that processing fee should they choose to use a credit
  • know you've been working on legislation and similar space. 3% is about the average cost that our credit
  • It allows those credit unions to offer loan products with the same level of flexibility available to
  • the federally chartered credit unions and revises the field of membership for state charter credit unions
  • The bankers and credit unions are all working together on this. Yield to questions. Oh, I'm sorry.
Bills: SB1623, SB2067, SB2132
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/18/25

Taxes

Transcript Highlights:
  • um To the beginning farmer credit, um, to the beginning farmer credit, um, there's a bill, uh
  • for low-income taxpayers in particular, including the education credit, renters credit, child credit
  • Low-income taxpayers in particular, including the education credit, renters credit, child credit, working
  • and now to the renters credit.
  • Family Credit.
Bills: HF2274, HF1932
HI

Hawaii 2026 Regular Session

ECD Public Hearing - Fri Feb 13, 2026 @ 8:30 AM HST

Economic Development & Technology

Transcript Highlights:
  • Uh so this tax credit bill has been in Uh so this tax credit bill has been in existence<00:26:59.120>
  • going to get any tax credit whatsoever. going to get any tax credit whatsoever.
  • tax credit. tax credit. >> Thank<00:27:42.720> you. >> Thank you.
  • credit is taken. taken. taken.
  • Chair distribution of this tax credit.
Summary: The committee opened with HB 1813 on taxation and HB 2429 on tax expenditure evaluation, taking mostly written testimony and limited oral discussion. On HB 2429, the Tax Foundation and Department of Taxation raised privacy and federal-law concerns, warning that the bill could require taxpayers to file duplicative returns and could risk disclosure of federal tax information if released publicly. Members and witnesses discussed using anonymized or summary reporting instead of individual public release, with the department saying summarized data would be preferable and that the state can ask for the information as a policy matter, but individual public release could create problems. The committee then heard HB 2423 HD1 on biodiesel, where Pacific Biodiesel said it can supply all biodiesel needed for B5 in Hawaii without imports and asked to move the implementation date earlier to November 2027 to allow rollout planning. HB 1996 HB1 on hearing aids drew broad support; a disability access representative said earlier insurance-based efforts had run into administrative problems and that this bill would immediately lower costs for consumers. HB 1851 HD1, also related to hearing aids, received support from the Department of Labor and Industrial Relations, while the Tax Foundation argued the program would be better funded directly rather than through the tax system, citing overhead costs and blank provisions that should be filled in before passage. On HB 2546, the research activities tax credit, HCDC said the credit supports long-term R&D and should be converted from a first-come, first-served system to proration so more applicants receive some benefit; the agency described the credit as helping companies move from idea to commercialization and noted the state is leaving potential jobs and federal dollars on the table. HB 2028 HD1, relating to Labor Day for construction workers, drew support from labor representatives who said it recognizes construction workers and helps offset cost-of-living pressures, while the Tax Foundation opposed it as an industry-specific subsidy and flagged technical issues with undefined terms and blank credit amounts. The committee also heard HB 2583, HB 2490, HB 2545, HB 2114, and HB 1859 HD1. HB 2490, concerning coastal erosion at Mokuhiki Bay, received strong support from a temple representative who described severe shoreline loss, years of temporary emergency work, and the need for a long-term, nature-based solution in coordination with state agencies. HB 2545, involving HCDC and SBIR commercialization, was supported as a way to turn R&D into economic development; HCDC said it had more applications than it could fund and that the bill could help create high-wage jobs. HB 2114, the Hawaii Benefits Hub, received comments from ETS and DHS emphasizing support for the concept but cautioning that operational, policy, cybersecurity, and data-sharing standards must be carefully aligned. HB 1859 HD1 on workforce development drew strong support from workforce and philanthropic groups, who said Hawaii faces a long-term gap between projected living-wage jobs and the number of young people entering the workforce, and argued the bill would create durable infrastructure for coordination and long-term planning. No formal votes or final actions were taken in the portion of the hearing provided.
TX

Texas 89th 2nd C.S.

Public Education Apr 22nd, 2025

Public Education

Transcript Highlights:
  • relating to methods to improve health profession-related career and technology education and dual credit
  • and the Texas Workforce Commission to review health professional-related career and technology dual credit
Bills: HB178
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Apr 2nd, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • The post-election audit bill is not a recount.
  • So I'm quite knowledgeable on how to conduct audits.
  • Who's going to pay for the audit? ...who's going to pay for the audit? Um, it's by the state.
  • I think all should have to have the audits. Okay, one quick... ...audits. Okay, one quick...
  • And so my question is, how big of an audit would we have to do to make it... audit would we have to do
Bills: SB245, SB246, HB30, HB30