Video & Transcript Research : 'exemption'

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TX

Texas 89th Regular

Local Government Apr 22nd, 2025

Local Government

Transcript Highlights:
  • This will bring the total for elderly and disabled homeowners to a whopping 200,000 exemption.
  • The general homestead exemption was $5,000. The general homestead exemption was $5,000.
  • The disabled and veterans exemption was $10,000.
  • So for 40-some years, the disabled and veterans exemption has stayed the same.
  • 50,000 over-65 exemption would make it a supermajority.
Bills: SB23, SJR85
Summary: The Senate Committee on Local Government heard testimony on Senate Bill 23 and its companion constitutional amendment, Senate Joint Resolution 85, both by Senator Bettencourt. The bills would increase the additional homestead exemption for elderly and disabled homeowners from $10,000 to $60,000, which proponents said would significantly reduce property taxes and help seniors and disabled Texans age in place. Bettencourt and supporters described the measure as part of a broader property tax relief package, estimating combined savings of about $950 for over-65 and disabled homeowners when paired with other recent homestead exemption changes. Witnesses largely supported the proposal. Testimony in favor came from a lawyer, a private citizen, Texas Realtors, the Texas Silver-Haired Legislature, and the Texas Association of Builders, all emphasizing relief for fixed-income seniors, housing stability, and the ability to remain in their homes. Several witnesses noted rising property taxes, medical costs, and the challenges seniors face in moving or affording home modifications. One witness from Every Texan said a flat homestead exemption is the most equitable way to cut property taxes, but argued against additional tax cuts generally, favoring a circuit-breaker approach and warning that permanent tax cuts could reduce funding for schools and other needs. The committee also discussed data showing many over-65 homeowners already pay no school property taxes in some counties and that the proposed changes would increase that share. After closing public testimony, the committee voted on the measures. Senate Bill 23 was reported favorably to the full Senate by a 7-0 vote, and S.J.R. 85 was also reported favorably by a 7-0 vote. The transcript also shows Senate Bill 898 being laid out and passed unanimously earlier in the meeting, with a recommendation for the local and uncontested calendar.
AL

Alabama 2026 1st Special Session

Alabama Senate Finance and Taxation Education Committee Feb 18th, 2026

Finance and Taxation Education

Transcript Highlights:
  • . >> Propane is already tax exempt for farms. >> So this would just be natural gas lines. >> Okay. >>
  • It isn't propane already exist. >> Propane is already tax exempt for farms. >> So this would just be
Bills: SB159, SB159
TX
Transcript Highlights:
  • Senate Bill 23 will increase the additional homestead exemption for elderly and disabled homeowners from
  • to a whopping $200,000 exemption.
  • The General Homestead exemption was $5,000. The disabled and veterans exemption was $10,000.
  • So for over 40 years, the disabled and veterans exemption has stayed the same.
  • And that’s what a homestead exemption like this does.
Bills: SB23, SJR85, SB 23
WY

Wyoming 2026 Regular Session

House Transportation, Highways & Military Affairs Committee, February 12, 2026

Transportation, Highways & Military Affairs

Transcript Highlights:
  • fish vehicles, all of those exempt fish vehicles, all of those exempt plates<00:04:32.720> that
  • It's an exemption for property tax.
  • it's an exemption for property tax. it's an exemption for property tax.
  • <00:47:43.119> to the ability to give that exemption to the ability to give that exemption
  • requirement for the veterans exemption requirement for the veterans exemption on<00:50:50.800>
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Apr 30th, 2025

Ways and Means Education

Transcript Highlights:
  • I have one of those requests for tax exemption.
  • What the request is, is of course for sales and use tax exemption.
  • Of course, all these bills are just exempting the state tax.
  • This exempts...
  • They've raised $133,000 and the request is to exempt the sales tax on those... to exempt that sales tax
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 13th, 2026 at 02:00 pm

Revenue and Taxation

Transcript Highlights:
  • this exemption.
  • This is giving a reciprocity for the sales tax exemption. Texas does it with us.
  • I can go to Texas and buy agricultural stuff with my Oklahoma exemption card.
  • We would recognize a Texas agricultural exemption card. Senator Kirk, thank you, Mr. Chair.
  • Of feed, if you're not getting sales tax exemption in Texas, why buy it in Oklahoma?
TX

Texas 89th Regular

Ways & Means May 12th, 2025

Ways & Means

Transcript Highlights:
  • Most states offer a 10 to 15% exemption. Even China provides a 200% super deduction.
  • This relates to an exemption from certain.
  • It exempts sales tax on aircraft parts.
  • All other aviation categories are already exempt, including commercial airlines.
  • and allocations, specifically the Freeport exemption and allocation for property use.
WY

Wyoming 2026 Regular Session

Senate Revenue Committee, February 16, 2026

Revenue

Transcript Highlights:
  • <00:08:02.000> because bill that would then be exempt because bill that would then be exempt
  • forward that would be exempt. forward that would be exempt. >> So<00:08:07.840> Mr.
  • And on line two, exemption comes in.
  • > in<00:38:17.520> this exemption is eliminated in this exemption is eliminated in this
  • employer provided housing was exempt employer provided housing was exempt or<01:00:17.200> you
Bills: SF0061, SF0098, SF0110
ND

North Dakota 2025-2026 Regular Session

Senate Finance and Taxation Apr 8th, 2025 at 09:00 am

Finance and Taxation

Bills: HB1428
Summary: The Finance and Tax Committee met with a quorum and took up House Bill 1482, which would require certain municipal bond elections to be held on primary or general election days rather than at special elections. Senator Rummel walked the committee through a proposed amendment from Representative Wagner that would remove special-election language, align ballot timing requirements, and make related cleanup changes. Members discussed the distinction between constitutional debt limits and the bill’s election-timing requirements, with Senator Powers seeking clarification that the measure did not change levy or bond limits themselves. The committee also discussed whether the amended language would comply with the Secretary of State’s requirements. Chairman Weber and Senator Rummel said they had consulted legislative council and wanted a further check before the bill moved forward, and the chairman said he would hold the bill until that review was complete. The amendment was approved unanimously, 6-0, and the bill as amended was then adopted unanimously, 6-0. After passage, the committee discussed who would carry the bill, eventually settling on Senator Rummel as carrier. The chair also said several other bills, including gas tax and property tax measures, would be held for the time being while the committee waited for developments in the House. The committee announced it would not plan to meet the next day unless called from the floor, and then adjourned.
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 20th, 2026 at 02:00 pm

Revenue and Taxation

Transcript Highlights:
  • Members, House Bill 1242 adds ser a day to our ag sales tax exemption along Thank you, Mr. Chair.
  • The interest earned on these accounts is also exempt from income tax.
  • companies that are private in nature can work with nonprofits and that will not harm their tax exemptions