Video & Transcript Research : 'full cash value'

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AZ

Arizona 2026 Regular Session

02/09/2026 - Senate Finance

Finance

Transcript Highlights:
  • Chair and members, Senate Bill 1764 requires a property's full cash value to be determined based on the
  • Once it's set, it's set, and it's trying to catch the full cash value, but because the gap between the
  • full cash value and LPV is so great now, like my home, I'll probably not be around before that even
  • This bill does add new definitions for current use, full cash value, the valuation date.
  • This bill does add new definitions for current use, full cash value, the valuation date.
Summary: The committee first approved the February 2, 2026 minutes and held Senate Bill 1090. It then heard Senate Bill 1503, which would require pension fiduciaries and proxy advisory firms to act solely in the economic interest of plan participants and beneficiaries, prohibit ESG- or ideology-based voting, require disclosures and economic analyses in certain cases, and authorize attorney general enforcement. The sponsor said the bill was meant to protect investors and align with federal action. Testimony was mixed: a policy witness supported the bill, while representatives of ASRS and PSPRS said they were neutral but raised concerns about added costs, operational burdens, reporting requirements, possible conflicts with existing fiduciary duties, and increased litigation risk. After debate, the committee voted 4-3 to give SB 1503 a do-pass recommendation. The committee then considered Senate Bill 1293, which would prohibit GPLET school-district revenues from being abated during the eight-year abatement period. Supporters argued the bill would protect school funding and reduce state aid backfill costs, and a Goldwater Institute witness said it would also reduce gift-clause concerns by limiting subsidies that shift costs to other taxpayers. City and economic development representatives from Phoenix, Mesa, and the Greater Phoenix Economic Council opposed the bill, saying GPLET is an important redevelopment tool that helps finance projects in urban cores and that the change would reduce its effectiveness and slow revitalization. The committee adopted an amendment and then passed SB 1293 on a 4-3 vote. Next, the committee heard Senate Bill 1414, which gives insurers 30 days to review and respond to third-party settlement demands in bodily injury claims. Insurance representatives supported the bill as a commercially reasonable timeframe, while the Arizona Trial Lawyers Association opposed it, arguing that 30 days would become a minimum and could delay settlements for injured claimants; members discussed a possible 15-day compromise. The committee passed SB 1414 by a 5-2 vote. It also passed Senate Bill 1633, which creates an income tax subtraction for capital gains from the sale of a primary residence after a five-year residency; opponents warned it would mainly benefit wealthy homeowners and cost the state tens of millions annually, while the sponsor said it could help housing turnover. Finally, the committee passed SB 1429, as amended, allowing Senate and House leaders to designate board members for the Arizona Commerce Authority, SB 1536, which lets municipalities consolidate multiple street-light improvement districts, and heard SB 1724, which clarifies when property splits or consolidations trigger a limited property value recalculation to prevent tax-base manipulation.
AZ

Arizona 2026 Regular Session

01/21/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • And we value all of the work that you do.
  • What's occurring is you are not valued or not assessed as agricultural property.
  • The full cash value is too high; I'm going to appeal that. You made a wrong valuation number.
  • cash value.
  • cash value.
Summary: The committee began with member, staff, and page introductions, then heard reminders about public testimony limits. It first considered House Bill 2016, which would eliminate late-filing penalties when a tax return shows zero tax due. The sponsor argued the bill would prevent unnecessary fines on small businesses and individuals with no liability, while staff noted any fiscal impact would likely be minimal. The bill passed on an 8-1 vote, with one member opposing it on the grounds that current waiver procedures already exist and the change could weaken compliance incentives. The committee then took up House Bill 2104, which would bar county assessors from reclassifying agricultural property for four years after an owner prevails on appeal, unless there is a change in use, ownership, or parcel configuration. The sponsor and agricultural groups said the measure would reduce repetitive annual appeals and provide stability for ranchers and farmers, especially in urbanizing areas and in places affected by fallowing. County assessors opposed the bill, arguing that their offices are better qualified than the State Board of Equalization, that the bill could allow inaccurate classifications to persist, and that it relies too heavily on owners to report changes. After extensive testimony from the Maricopa County Assessor and the State Board of Equalization executive director, the committee approved the bill 5-4. Next, House Bill 2105 was heard. It would require advance notice of certain property inspections and provide inspection reports to property owners. The sponsor said the goal was to give owners a chance to be present for inspections and to receive the reasons for any denial of agricultural status. Assessors opposed the bill as an unfunded mandate and said they already communicate with owners through mail, door hangers, and other methods, but that a standardized report form does not currently exist. Supporters from the farm and ranch community said the bill would improve transparency and help avoid disputes. The committee passed the bill 5-4. Finally, the committee heard House Bill 2289, which updates truth-in-taxation and election pamphlet language to reflect higher residential property values, including a new $400,000 example. The sponsor and the Arizona Tax Research Association said the changes would make taxpayer notices more accurate and noted the bill was similar to one that had previously advanced, but without a provision that contributed to a veto. No vote was taken on this bill in the portion provided.
AZ

Arizona 2026 Regular Session

03/16/2026 - Senate Finance

Finance

Transcript Highlights:
  • Years, over 25 years, since we've updated these values.
  • years over 25 years since we've updated these values.
  • Vacant land is valued according to what sits around it by comparable properties.
  • You can read the full list of exclusions right there.
  • And so this actually isn't about the value.
Summary: The committee first approved the March 9, 2026 minutes and held House Bills 29 and 2939 at the sponsor’s request. It then took up House Bill 2016, which would eliminate the late-filing penalty for taxpayers with zero income tax liability; after discussion about whether taxpayers still need to file to establish that they owe nothing, the committee adopted an amendment narrowing the bill to income tax filers and passed the bill 4-3. The Department of Revenue said it was neutral on the bill but supported the amendment. The committee next heard House Bill 2289, which updates the property-value examples used in bond/override election pamphlets and truth-in-taxation notices from older low values to $300,000. Supporters said the figures are outdated and should better reflect current home values; opponents questioned whether $300,000 was the best benchmark and whether adding another example would confuse voters. The bill passed 4-3. The committee also approved House Bill 4103, which bars school districts from calling bond elections if enrollment is below 50% of capacity. Supporters argued districts should use or monetize excess space before asking taxpayers for more debt, while school administrators and others said the measure would block needed maintenance, safety upgrades, and local decision-making. It passed 4-3. Two related agricultural property bills, House Bills 2104 and 2105, were both amended and passed 4-3. HB 2104 creates a four-year period after a successful agricultural property tax appeal during which assessors generally may not reclassify or reinspect the property absent changes in use, ownership, splits, or improvements. HB 2105 requires advance notice of inspections and inspection reports and provides a three-year inspection exemption after the most recent inspection, with similar exceptions. Farm and ranch groups said the bills provide fairness and certainty after successful appeals; county assessors opposed them as limiting oversight and creating unequal treatment. The committee also passed House Bill 2256 unanimously, which sets notice and title procedures for salvage auction dealers when insurance claims are denied or unpaid, and House Bill 2979 unanimously, which updates credit union regulatory timelines and procedures. Later, the committee passed House Bill 2996 unanimously, clarifying that certificates of insurance are informational only and cannot expand coverage or rights, with penalties for misrepresentations. It also heard House Bill 2174, which renames and updates regulation of insurance modeling and data organizations, requires model filings, and revises related reinsurance provisions; the discussion focused on how DIFI would regulate models versus the companies that create them, but no vote was taken in the portion provided. Finally, House Bill 2477 was introduced to conform Arizona’s 529 plan to federal law by increasing the K-12 withdrawal limit to $20,000, adding post-secondary credentialing expenses, and allowing rollovers to ABLE accounts and Roth IRAs if requirements are met; the sponsor and Treasurer’s Office supported it as a cleanup/conformity measure, and discussion began on how the new rollover options would work.
KY
Transcript Highlights:
  • Of that 8.3, poultry is now 25% of the total of that cash receipt.
  • <00:04:32.960> We of the total of that cash receipt.
  • We of the total of that cash receipt.
  • <00:19:08.080> retail that, that means you pay full retail that, that means you pay full retail
  • So, you have our full support on this initiative.
Summary: The Senate Standing Committee on Agriculture met with a quorum and adopted a committee substitute for Senate Bill 28, which would create a framework for the $5 million in agricultural economic development funding included in the 2024 budget. Commissioner of Agriculture Jonathan Shell testified that the bill is intended to support agriculture-focused economic development, especially processing and further processing projects, by giving the Department of Agriculture tools to identify opportunities, convene partners, and offer incentives. He emphasized the role of the new economic development division in the department and said the effort is meant to complement, not replace, the work of the state Economic Development Cabinet. Shell and several senators described the bill as a rural development tool aimed at helping smaller communities attract projects that fit their scale. He cited examples such as poultry processing, grain and elevator operations, milling, and specialty crop ventures, arguing that local processing can create jobs, strengthen markets for farmers, and keep more value in Kentucky. Senators discussed the need for return-on-investment metrics and clawback provisions for unsuccessful projects, and Shell said the framework includes those concepts. He also said the department is working on opportunities in sustainable aviation fuel, biofuels, and other markets that could bring more acres into production. Members also raised questions about small-farm innovation, raw milk, and direct-to-consumer opportunities. Shell said raw milk testing and related consumer protection issues are more closely tied to the University of Kentucky and the department’s consumer/environmental protection functions than to the bill’s economic development focus, but he said the department can help expand small-farm programs such as Kentucky Proud, Buy Local, KOAP, CAP, food-as-medicine efforts, LFPA, and farm-to-school initiatives. The discussion also turned to beef processing and feedlot development, with Shell saying Kentucky wants a beef processor but first needs to prove it can feed cattle at scale; he said changing conditions in western states could create an opening for Kentucky if it can build the necessary supply chain.
OK

Oklahoma 2026 Regular Session

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

Revenue and Taxation

Transcript Highlights:
  • gist of the bill is that we levy ad valorem taxes on these entities, not based necessarily on the value
  • of the property, but based on the value of the rental that they're generating.
  • If you do have one of these entities that is paying a lower value of ad valorem tax on it, but they are
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 4/15/26

Commerce Finance and Policy

Transcript Highlights:
  • I would suggest, I mean, I think there's a value to it.
  • I mean, there is a value in having that. I...
  • And I think there’s a value to them.
  • And I think there's a value to him. But that's not always the case.
  • Specifically, when an insurer and insurance company cannot agree on the... actual cash value or the amount
AL

Alabama 2026 1st Special Session

Alabama Senate Banking and Insurance Committee Apr 1st, 2026

Banking and Insurance

Transcript Highlights:
  • bill that provides guidance for rounding for our businesses or small business in the state that take cash
  • bill that provides guidance for rounding for our businesses or small business in the state that take cash
  • I have expertise in cash being in the trucking business. I do a little bit.
Bills: HB545
AL

Alabama 2026 1st Special Session

Alabama House Financial Services Committee Mar 10th, 2026

Financial Services

Transcript Highlights:
  • One is to provide a clear, uniform standard for rounding cash transactions to protect consumers and protect
  • How this would actually work: this only applies to cash transactions.
  • c><00:07:23.440> only<00:07:23.759> applies<00:07:24.160> to<00:07:24.319> cash
  • actually work, this only applies to cash actually work, this only applies to cash transactions.<
Bills: HB545, HB545
KY
Transcript Highlights:
  • City airport, what other sources of revenue or cash flow would they have?
  • certain refunded 2016 Series A, 2016 Series B, 2017 Series A, and 2021 Series B bonds for present value
  • It generated approximately $5.637 million, or 5.155%, in net present value savings.
  • <00:29:30.160> bonds<00:29:30.680> for<00:29:30.840> present<00:29:31.160> value
  • Series B bonds for present value Series B bonds for present value savings. savings. savings.
Summary: The committee first discussed and approved a new airport-related project involving two 60-by-80 corporate hangars. Members asked about how the project would generate revenue, and staff explained that hangar rent and fuel sales would help repay the costs, with more than half of the funding coming from the FAA. The project was approved by roll call vote. The committee then approved two large capital pool projects: a $1,715,120 roof replacement and skylight project for the Libraries and Archives building in Frankfort, and a $2,105,400 exterior renovation project for several state buildings, including Health and Family Services, the Kentucky History Center, and the State Office Building. After that, the Kentucky Infrastructure Authority presented one loan increase and five grant reallocations. The loan increase was for Springfield’s wastewater treatment plant project, rising by $262,300 to just over $2.88 million because bids came in higher than estimated. Members asked about the delay between approval and bidding, and staff explained the design, environmental review, and state approval process can take one to two years. The committee approved the six action items, and then received informational updates on additional water projects that required no action. The Cabinet for Economic Development next presented one forgivable loan and 11 KPDI/KPDI EDF grant projects. The loan was a $1 million forgivable loan for the Perry County Economic Development Board to acquire the Coalfields Industrial Building, with repayment forgivable if a project creates at least 75 jobs. The grant projects included site-readiness and industrial development work in Pendleton, Elizabethtown/Hardin, McCreary, Floyd, Marion, Fleming, Graves, Eddyville/Lyon, Caldwell, Mercer, and Johnson counties. Members asked how local match percentages are set and were told they are based on county population and updated every two years; staff also explained that beneficiaries usually provide the match and are reimbursed after submitting costs. The committee approved the action items. Finally, the Office of Financial Management presented two new debt issues and three SFCC debt issues. The new debt items were a Kentucky Housing Corporation bond authorization of up to $600 million for single-family mortgage revenue bonds, including a $100 million initial transaction, and a $5.5 million multifamily conduit bond for 98 apartments in Lexington. Informational items covered University of Kentucky refunding bonds and Turnpike Authority refunding bonds, both of which produced savings. The three SFCC debt issues for Campbell, Edmonson, and Perry counties were then approved by roll call vote. The meeting ended with brief discussion of the upcoming calendar and scheduling before adjournment.
KY
Transcript Highlights:
  • So, it's going to come out of either bonding or operational cash, but $542 million realigning the road
  • So, it's going to come out of either bonding or operational cash, but $542 million realigning the road
  • considerable generator of both temporary construction jobs, spending in the region, and ultimately permanent full-time
  • park to open within about the next 45 days, generating temporary construction jobs and supporting full-time
  • of the commercial service airports and the other commercial air service airports in the state would value
Summary: The committee heard an update from Kentucky’s three major commercial airports: Lexington Blue Grass Airport, Louisville Regional Airport Authority (SDF and Bowman Field), and CVG. Lexington’s Eric Franco described post-COVID growth that has already exceeded pre-pandemic activity, along with a master plan focused on the whole airport, expanded surface parking, relocation of the air traffic control tower, and a major terminal project estimated at $500 million to $700 million. He emphasized the airport’s role in serving both passenger and corporate aviation across central Kentucky and thanked the legislature for prior funding, including $5 million for parking. Louisville’s Dan Mann reported record passenger growth, expanded nonstop service, and especially strong cargo activity driven by UPS, noting SDF is now among the busiest cargo airports in North America and Bowman Field remains the state’s busiest general aviation airport. He highlighted major infrastructure needs, including airfield and terminal work, parking expansion, and a planned federal inspection service facility to support international flights around events like the Kentucky Derby.
KY
Transcript Highlights:
  • Talip and others that were here the other day to provide that service, knowing full well if there's a
  • Talip and others that were here the other day to provide that service, knowing full well if there’s a
  • Talip and others that were here the other day to provide that service, knowing full well if there’s a
Summary: The Senate Agriculture Committee met to reconsider a committee substitute for a bill dealing with equine dental care and the regulation of non-veterinarian dental practitioners. The chair reopened the bill after prior testimony, and members focused on how the bill would set standards for training, testing, insurance, continuing education, and a registry for practitioners. Discussion also centered on whether the measure would affect veterinary practice or create a precedent for other animal care areas; supporters said it was meant to preserve access and affordability for horse owners, especially in rural areas where veterinarians are scarce or unavailable for routine work. A major topic was the bill’s grandfathering or “legacy candidate” provision. Senators asked how existing practitioners would qualify, whether they would need to apply, and what documentation would be required. Committee witnesses, including a Kentucky Veterinary Medical Association representative and the Board of Veterinary Examiners executive director, said the board could set licensing terms by regulation, including an application process, background/history checks, and letters of recommendation from licensed veterinarians. They also said the process would include an application window to allow current practitioners time to comply. Several members explained their votes in favor, while noting lingering concerns they wanted addressed on the floor. Supporters emphasized that the bill was the product of years of work, surveys, stakeholder meetings, and multiple drafts, and that it was intended to legitimize existing practitioners while protecting animal welfare. The committee substitute was approved, the bill passed the committee unanimously, and the meeting adjourned.
OK

Oklahoma 2026 Regular Session

Economic Development, Workforce and Tourism 2ND REVISED Feb 24th, 2026 at 01:30 pm

Economic Development, Workforce and Tourism

Transcript Highlights:
  • apartment complex, apartment complex is a 20 units or more that they are going to be assessed at a cash
  • , excuse me, cost value that will expire upon two years or if the property sells.
  • Again, if this property sells before the two-year time frame, it will go back to the fair cash value
  • The value attached to that construction, as you say, multifamily unit, the value attached to that is
  • This is just saying for two years max that this is going to be valued on the cost approach, which is
FL

Florida 2026 Regular Session

Children, Families, and Elder Affairs Feb 3rd, 2026

Children, Families, and Elder Affairs

Transcript Highlights:
  • experience and increasing normalcy in foster care through teaching foster children the importance and value
  • like me the reality of having our thoughts, feelings, and experiences not only being listened to but valued
  • like me the reality of having our thoughts, feelings, and experiences not only being listened to but valued
  • We will take up temporary cash assistance eligibility by Senator Bracey Davis.
Bills: S0996, S1022, S1462, S1690
Summary: The Committee on Children, Families, and Elder Affairs heard and advanced four bills. CS/SB 1690, on early childhood education, was amended with a delete-all amendment that required public posting of child care inspection reports and data on child deaths, injuries, and substantiated abuse; changed certain notice and insurance provisions for family and large family child care homes; created the Florida Endowment for Early Learning; and made related definitional changes. The amendment was adopted and the committee reported the bill favorably. SB 1022, on children’s initiatives, would add two new Florida Children’s Initiatives in Bay County and Pompano in Broward County; the sponsor described the program as a community-based service network model, and the bill was reported favorably without opposition. SB 996, on dependent children, would require DCF and community-based care lead agencies to coordinate and regularly meet with organizations focused on people with lived experience in the child welfare system, and to publish how suggestions are implemented. Several young adults with foster care experience testified in support, emphasizing the importance of youth voice, normalcy, and teaching financial responsibility through allowance. The bill was reported favorably after supportive debate. The committee also considered CS/SB 1462, on temporary cash assistance eligibility, after adopting an amendment that narrowed a SNAP eligibility carve-out to people who were victims of human trafficking at the time of a drug conviction. The sponsor said the bill was intended to remove barriers to reunification and redemption. After supportive testimony and no opposition, the committee reported the bill favorably. The meeting then adjourned.
AZ

Arizona 2026 Regular Session

01/27/2026 - House Regulatory Oversight

Regulatory Oversight

Transcript Highlights:
  • When I did finally start public school, my mother sent me with a three-inch binder full of instructions
  • So... ...family has, simply for choosing not to follow the full childhood vaccine schedule.
  • This bill is anti-vaccine; it's pro-freedom and a state that values liberty.
  • I'm in full agreement with my colleague. Mr. Chair, Mayor, please.
  • I'm in full agreement with my colleague, Representative Hernandez, that adding mandates on businesses
Bills: HB2086, HB2248, HB2688
Summary: The committee heard three bills, all on medical freedom or government staffing. HB 2248 would prohibit governmental entities, businesses, schools, and ticket issuers from denying employment, entry, services, or participation based on whether a person has received or used a medical intervention. Supporters framed it as protecting bodily autonomy and parental rights; opponents, including physicians, child care and public health advocates, warned it was drafted too broadly and could undermine vaccine-related protections, school and daycare illness policies, and hospital safety. After debate, the bill received a do pass recommendation on a 3-2 vote. HB 2086 would bar government entities and businesses from requiring vaccination or masks/face coverings, with stated exceptions for long-standing workplace safety and infection control measures, and it would apply to certain government-owned health care facilities. Supporters argued it was needed to prevent coercive mandates and protect individual freedom and business autonomy; opponents said it would interfere with private employers’ ability to protect customers and workers and could conflict with public health practices. The committee approved the bill on a 3-2 do pass vote. HB 2688 would require the Arizona Department of Administration to identify state budget-unit positions vacant for at least 150 days and eliminate those positions each fiscal year, with some exceptions such as corrections and DPS. The sponsor said the bill would reduce waste and prevent vacant positions from functioning as slush funds, while members raised concerns about specialized or hard-to-fill jobs. After brief testimony in support, the committee passed the bill on a 3-2 do pass vote, then adjourned.
KY
Transcript Highlights:
  • And usually when you go in the market, you think it's called a full funnel approach.
  • And usually when you go in the market, you think it's called a full funnel approach.
  • now that doesn't mean we take full now that doesn't mean we take full credit<00:20:51.520> for
  • fully renovated Campground with 39 full fully renovated Campground with 39 full service<00:34:35.079
  • premium Lake View sites with full premium Lake View sites with full service<00:35:10.079> connections
Summary: The committee met for its second Budget Review on Economic Development, Public Protection, Tourism, and Energy and first approved the minutes from the prior meeting. Members then heard a presentation from the Tourism, Arts, and Heritage Cabinet and the Kentucky Department of Tourism on the 1% tourism marketing fund. Witnesses explained that the fund supports statewide tourism promotion, advertising, research, regional marketing, and matching grants to local tourism commissions, and that it cannot be used for capital construction. They reported that the General Assembly and governor increased appropriations in the 2024 session, adding $3 million in FY25 and $7 million in FY26, and set aside funding for the Kentucky Mountain Regional Recreation Authority, the National Quilt Museum, and the Southern Kentucky Tourism Initiative. Tourism officials emphasized that Kentucky tourism is a major economic driver, citing 2023 figures of $13.8 billion in economic impact, 79.3 million visitors, $9.7 billion in direct spending, more than 95,000 jobs supported, and nearly $1 billion in state and local tax revenue. They said the department now uses targeted digital and over-the-top advertising in selected domestic and international markets, with 62% of media placements digital and 80% of the budget spent out of state. Members asked about market selection, how the department measures return on investment, and what attracts visitors from places such as Dallas, Orlando, Toronto, and Washington, D.C.; officials said research shows a mix of family visits, outdoor recreation, and varied Kentucky offerings, and that 81% of overnight visitors are repeat visitors. They also discussed the potential impact of tariffs and trade tensions on bourbon-related tourism and international visitation, especially from Canada, and officials said they were monitoring the situation with U.S. Travel Association and Brand USA. The committee then heard from Kentucky State Parks officials on capital projects funded through HJR 76, HJR 56, and House Bill 6. They said they are providing quarterly project reports and have been meeting regularly with the Finance Cabinet’s engineering and contract staff. The presentation focused on campground utilities, broadband, and structural upgrades, including $40 million for campground improvements across the park system, with completed bathhouse renovations at Barren River and Nolin Lake and additional projects underway or in planning. Officials said the work is based on camper survey feedback, such as requests for better Wi-Fi, sewer and electric upgrades, frost-free spigots, and improved site layouts, and noted that the My Old Kentucky Home campground project is under construction and expected to be completed by spring 2026.