Video & Transcript Research : 'federal tax changes'
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MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Feb 12th, 2026
Joint Committee on Revenue
Transcript Highlights:
- At today's hearing, the committee will hear testimony on House 4975, an act to manage federal tax changes
- And what happens is when the federal government decides to make a federal tax change, as they did in
- tax law, to federal tax law, how know what will happen if there's another change to to tax law to federal
- accidentally created by rushed conformity to federal tax law changes.
- At the federal level, these corporate tax changes in the OB3's trillion dollars of tax breaks for the
Bills:
H4975
Keywords:
federal tax changes, OBBBA, revenue impact, pass-through entities, state budget, tax relief, high-income earners, opportunity zones, 1212, all
Summary:
The Joint Committee on Revenue held a public hearing on H. 4975, Governor Healey’s bill to manage the impact of federal tax changes from the “One Big Beautiful Bill” (OB3) on Massachusetts revenues. Secretary of Administration and Finance Matt Gorowitz said the federal law would otherwise reduce FY26 revenue by about $442 million and argued the bill takes a phased approach: immediately conforming to the research and experimental deduction, later phasing in other business tax provisions, extending the pass-through entity excise to income subject to the 4% surtax, delaying large federal tax changes over a $20 million threshold, limiting opportunity zone benefits to Massachusetts investments, adjusting PFML-related tax treatment, and aligning casino reporting thresholds. He said the proposal would protect the current-year budget while preserving competitiveness and that the administration had consulted both business and labor stakeholders.
Committee members questioned the administration about why it chose phased conformity rather than full decoupling, the effect on the budget if the bill does not pass, and the rationale for the pass-through entity and opportunity zone provisions. Gorowitz said the budget assumes the bill will pass and would face a gap without it, and he emphasized that the PTE change would not reduce surtax collections. He also said the administration’s concern was balancing fiscal stability with support for sectors such as research, manufacturing, and capital-intensive businesses. On PFML, administration staff explained that the bill’s statutory and administrative changes would be cost-neutral for employers and employees when paired together.
Several witnesses urged the committee to go further and permanently decouple Massachusetts from the federal corporate tax changes rather than delay them. MassBudget’s Phineas Baxendall, Progressive Massachusetts’ Jonathan Cohn, and CBPP’s Don Griswold argued that automatic conformity has previously caused revenue losses and that the state should opt out entirely of the five costliest OB3 provisions. Labor and public-sector advocates, including leaders from the Massachusetts Teachers Association, AFT Massachusetts, SEIU 509, the Massachusetts AFL-CIO, and building trades unions, said the federal law will worsen budget pressures, harm schools, health care, human services, and construction employment, and shift costs onto working families. They called for permanent decoupling and warned that the bill’s corporate tax benefits would subsidize investments outside Massachusetts.
Unite Here Local 26 also testified in opposition to sections 3 and 4, which would raise the slot-machine jackpot reporting threshold from $1,200 to $2,000, arguing the current threshold helps with problem-gaming intervention, preserves union jobs, and generates revenue. The committee also heard support for maintaining conformity to the R&E deduction from the Massachusetts Society of CPAs, which said the provision is important for the state’s innovation economy. No votes or final actions were taken at the hearing.
MN
Transcript Highlights:
- </c> conform state tax law to HR1 the federal conform state tax law to HR1 the federal tax<00:37:02.400
- In both instances, conforming with these changes to federal tax law will have the additional benefit
- NFIB supports this bill, which seeks to conform Minnesota's tax code to changes that the federal tax
- NFIB supports this bill, which seeks to conform Minnesota's tax code to changes that the federal tax
- recent federal changes that tax law with recent federal changes that allow<01:18:21.520><c> immediate
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
TX
TX
Transcript Highlights:
- Under current law, taxing entities may notify the public about rate changes by mail, Senator Betancourt
- In practice, many Texans only learn about rate changes when their tax bills arrive.
- HB 17 requires taxing entities to mail notice to every property owner in a tax rate hearing while still
- Well, we don't know what the tax rate's going to be because the tax rate should be going down as the
- tax" formula.
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
TX
Transcript Highlights:
- Under current law, taxing entities may notify the public about rate changes by mail, notices, and by
- In practice, many Texans only learn about rate changes when their tax bills arrive.
- in tax rate hearings is low.
- Property tax amounts proposed to be collected last year versus what is proposed this year have changed
- Is going to property taxes, and then you have additional advocates for lower property taxes.
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
TX
Transcript Highlights:
- Under current law, taxing entities can notify the public about rate changes by mailing notices or posting
- In practice, many Texans only learn about rate changes when their tax bills arrive.
- This change ensures that larger taxing units, where most Texans of the tax burden lies, cannot simply
- Do y'all know yet the changes at the federal level that are potentially impacting your budgets?
- If you could keep insurance rates low, if there's a margin of change in property tax, there may be a
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
MN
Transcript Highlights:
- </c> uh state business taxes federally. uh state business taxes federally.
- </c> in the federal tax code. in the federal tax code.
- federal taxes simply because increase in federal taxes simply because they<00:08:12.960><c> live</c><
- on the federal return, effectively reducing the federal tax burden.
- Now, saved money on his federal taxes.
Keywords:
taxation, pass-through entity, qualifying owner, partnership, S corporation, tax return, overtime compensation, tax deduction, income tax, federal regulations, tax reform, tip income, federal tax deduction, Minnesota Statutes, individual income, employer contributions, Trump accounts, federal law, gross income exclusion, 1183
KY
Kentucky 2025 Regular Session
Medicaid Oversight and Advisory Board (7-30-25) - Reupload
Transcript Highlights:
- Okay. the federal changes to the Medicaid the federal changes to the Medicaid program.
- So provisions include changes to federal and state financing, most specifically through provider taxes
- and changes to provider taxes.
- Changes to provider taxes, those.
- </c> changes to those um provider tax changes to those um provider tax waiverss<00:31:55.519><c> effective
Keywords:
00:00:22 - Call to Order and Roll Call
00:03:00 – Approval of June 25, 2025 Minutes
00:03:22 - Update on Federal Changes to the Medicaid Program
01:03:44 - State Directed Payments, Provider Taxes, and the Rural Health Transformation Fund: How Medicaid Changes Could Impact Kentucky
Hospitals
01:29:42 – Public Comments
01:45:25 – Announcements
01:46:19 - Adjournment, 958, all
Summary:
The Medicaid Oversight and Advisory Board met on July 30, 2025, approved the June 25 minutes, and received a presentation from Katherine Castanza of the National Conference of State Legislatures on Medicaid provisions in H.R. 1. The presentation outlined more than 20 Medicaid-related provisions, emphasizing that the largest federal savings come from work/community engagement requirements, changes to provider taxes, limits on state-directed payments, more frequent eligibility redeterminations for expansion populations, and related eligibility/enrollment changes. She said the fiscal effects are backloaded, with most reductions occurring in the later years of the 10-year window, and noted potential significant impacts on hospital payments and state financing. She also described new funding opportunities, including a $50 billion rural health transformation fund and a new home and community-based services waiver with associated grants.
A substantial portion of the discussion focused on Kentucky’s pending community engagement 1115 waiver and how it would interact with the new federal requirements. Board members asked whether the waiver had been approved, what the cabinet’s contingency plan would be if CMS does not approve it, and what the timeline is for compliance. Cabinet representatives said the waiver has not yet been approved by CMS, remains under public comment, and that the state will wait for CMS guidance before moving forward; if needed, the state would amend the waiver or submit a new one. They said the work requirement must be in place by January 1, 2027, with a possible extension to 2028.
Castanza also explained that expansion adults with incomes between 100% and 138% of the federal poverty level would face new cost-sharing requirements beginning October 1, 2028, and that eligibility redeterminations would move from annual to every six months starting January 1, 2027. She then walked through provider tax changes, including a moratorium on new provider taxes beginning October 1, 2026, and a phased reduction in the hold-harmless threshold for existing taxes beginning January 1, 2028, with exemptions for nursing facilities and ICF/IID providers. Board members questioned the timing and likely impact on Kentucky, and Castanza responded that the effect would depend on each tax’s current rate and would phase in over time.
AL
Alabama 2026 Regular Session
Alabama House Agriculture and Forestry Committee Feb 5th, 2026
Agriculture and Forestry
Transcript Highlights:
- . federal law or regulations.
- Now the plant changed hands.
- . change. change.
- change based off of us attaching ourselves to what the federal standards are.
- You know, when things change, and they will change again, but the federal law is the seal. Okay?
Keywords:
environmental regulation, federal standards, scientific evidence, water quality, administrative law, income tax, tax exemption, Alabama tax code, Section 40-18-3, civilian employees, Department of Defense, DoD, Armed Forces, military pay, combat zone, deployment, National Guard, Reserve components, emergency response, federal employees
TX
Texas 89th 2nd C.S.
Homeland Security, Public Safety & Veterans' Affairs Apr 2nd, 2025
Homeland Security, Public Safety & Veterans' Affairs
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, ad valorem taxes, disabled, elderly, homesteads, tax limitation, diversity, equity, inclusion, LGBTQ, state agencies, prohibition, heat illness prevention, workplace safety, administrative penalties, advisory board
TX
Transcript Highlights:
- Dolls are customizable to include accessories and equipped with settings to change facial features and
- Representative money touched on, it's the definition that you change.
- Wants to change a law to make the standard lower which goes against constitutional principles so that
- Were the factors of why they, they changed it for children and left out adults.
- Somebody's phone number may have changed. They may have moved to another state.
Keywords:
HB 207, Texas Government Code, Section 411.201, license to carry, LTC, handgun license, concealed carry, federal judge, immigration judge, immigration court, U.S. immigration court, judicial security, firearm carry permit, Texas handgun license, federal judiciary, HB235, Texas, sales tax exemption, use tax exemption, disabled veteran
AZ
Transcript Highlights:
- And they assume all of the changes that have been made at the federal level to federally adjusted gross
- All of the changes that have been made at the federal level to federally adjusted gross income, which
- in the tax revenues that will occur as a result of conforming with the changes in the federal adjusted
- So what this bill does is it creates unnecessary bureaucracy around federal tax changes and limits the
- to it, to the changes in it, will result in a substantial change to our tax revenues, the governor's
Keywords:
judicial foreclosure, tax lien, redemption rights, excess proceeds, property auction, income tax, federal tax conformity, revenue analysis, legislative session, tax reporting, municipal fees, county fees, utility rates, moratorium, tax classification, local government, inflation, economic stability, tax increases, cost-of-living protection
WY
Transcript Highlights:
- </c> it as a federal prosecution. it as a federal prosecution.
- </c> formerly worked for the federal formerly worked for the federal government?
- </c> out the federal thing totally separate. out the federal thing totally separate.
- And so we've got this, um, it's in our severance tax statutes where you've got federal ownership that
- Property tax.
AL
Alabama 2025 Regular Session
Alabama House Public Safety and Homeland Security Committee Feb 26th, 2025
Public Safety and Homeland Security
Transcript Highlights:
- What are the changes on the substitute?
- House Bill 15 is simply a technical change to section… It's simply a technical change to section 12-1256
- Because the Miranda Rights are federal. Yes, so how do you actually make that change?
- It's not a change as it relates to this bill.
- So if you want to change...
Keywords:
law enforcement, retirement benefits, Alabama Peace Officers, agency-issued badge, agency-issued pistol, resisting arrest, custody, public safety, Alabama law, traffic infractions, traffic ticket, disposition, criminal contempt, vessel registration, boating fees, state funds, regulatory changes, water safety, compliance, false information
MN
Transcript Highlights:
- </c><00:27:51.800><c> tax</c> debate is the significant federal tax debate is the significant federal
- <00:28:09.240><c> tax</c><00:28:09.600><c> cuts</c> federal tax cuts federal tax cuts of more<00:28:10.520
- ><c> federal</c><00:30:30.360><c> tax</c><00:30:30.640><c> bills</c> will be paying higher federal tax
- and state income taxes last federal and state income taxes last year. year. year.
- </c><01:24:36.160><c> is</c><01:24:36.320><c> federally</c> a wealth tax is federally a wealth tax is
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
TX
Texas 89th 2nd C.S.
89th Legislative Session - Second Called Session Aug 25th, 2025
Texas House Floor Meeting
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, judicial administration, court reform, juvenile diversion, court security, mental health services, drug offenses, constitutional amendments, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support
Summary:
The House convened, received a message from the Senate, and the chair announced the signing of HB 4 in the presence of the House. The clerk then read a large number of first-reading measures and referred them to committees. Among the notable bills, SB 1 by Senator Perry on campground and youth camp safety was referred to the Committee on Disaster Preparedness and Flooding. Several House resolutions dealing with House rules, quorum, attendance, and penalties for members who missed sessions or broke quorum were referred to the Committee on House Administration, including HR 5, HR 17, HR 18, HR 34, HR 41, and HR 58.
The House also referred a broad slate of resolutions to the Committee on Local and Consent Calendars, including measures by Riddell, Craddick, Toth, Leo Wilson, Schofield, Gehan, Bella Montgomery, Hinojosa, Schoolcraft, Little, Meyer, Luhan, Orr, Johnson, Harris Davila, Lopez, Cameron, Gonzalez of El Paso, Wharton, Flores, Dyson, and Harless. These referrals covered many individual House resolutions and concurrent resolutions, but no debate or votes were recorded in the transcript.
At the end of the proceedings, the House recessed until noon pursuant to a previously adopted motion.
MN
Transcript Highlights:
- </c><00:02:15.720><c> tax-exempt</c> gets a set amount of federal tax-exempt gets a set amount of federal
- </c> tax credit is the main way the federal tax credit is the main way the federal government<00:02:22.880
- The end result of that federal change.
- :04:30.440><c> credit</c><00:04:30.720><c> changes</c> tax-exempt or the the tax credit changes tax-exempt
- </c> safe harbor for repaying federal taxes. safe harbor for repaying federal taxes.
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
FL
Florida 2026 Regular Session
Military and Veterans Affairs, Space, and Domestic Security Feb 2nd, 2026
Military and Veterans Affairs, Space, and Domestic Security
Transcript Highlights:
- Senate Bill 502 changes the state statute so that the state of Florida will provide...
- Senate Bill 502 changes the state statute so that the state of Florida will provide concurrent, both
- federal and state legislative jurisdiction when it comes to matters involving a child who has allegedly
- violated a federal law on a United States military installation.
- because without this concurrent legislative jurisdiction, juvenile misconduct is adjudicated in a federal
Keywords:
military jurisdiction, delinquency, concurrent jurisdiction, federal law, state law, veterans, military spouses, business incentives, tax exemptions, economic development, public records, trade secrets, Space Florida, confidentiality, open meetings
Summary:
The Senate Committee on Military and Veterans Affairs, Space, and Domestic Security met with a quorum present and took up two bills. Senator Burgess presented SB 1514, a public records measure tied to Space Florida that exempts Board of Space Florida meetings from public records requirements when trade secrets are discussed. He said the exemption was needed to protect sensitive business information and support Space Florida’s mission. The bill drew no questions or debate, and it was reported favorably by a unanimous roll call vote.
The committee then considered CS for SB 502, sponsored by Senator Wright, which would provide concurrent state and federal legislative jurisdiction over certain juvenile offenses on U.S. military installations in Florida when federal jurisdiction is waived and the conduct is also a state crime. Senator Wright argued the change would allow juveniles to be handled in the state juvenile justice system rather than federal court, which he said is better suited for rehabilitation. The bill also had no questions or debate and was reported favorably by unanimous vote.
After the bills, the committee recognized representatives from a Pasco County veterans wellness group and their therapy dog, Grit, for their work with veterans. The committee then adjourned without objection.
WY
Wyoming 2026 Regular Session
House Travel, Recreation, Wildlife & Cultural Resources Committee, February 26, 2026
Travel, Recreation, Wildlife & Cultural Resources
Keywords:
landowner licenses, hunting, wildlife management, quota hunt areas, game and fish commission, property tax, Wyoming Game and Fish Commission, tax exemption, employee residences, hunting licenses, donated licenses, life-threatening illness, vision impairment, nonprofit organizations, public lands, local governance, land management, resource development, federal agency, agriculture
WY
Wyoming 2026 Regular Session
Senate Travel, Recreation, Wildlife & Cultural Resources Committee, February 26, 2026
Travel, Recreation, Wildlife & Cultural Resources
Keywords:
landowner licenses, hunting, wildlife management, quota hunt areas, game and fish commission, property tax, Wyoming Game and Fish Commission, tax exemption, employee residences, hunting licenses, donated licenses, life-threatening illness, vision impairment, nonprofit organizations, public lands, local governance, land management, resource development, federal agency, agriculture