Transcript Highlights:

• Gross income, or AGI.
• Oh, it does not change that with respect to real estate.
• The other states do have a gross receipts tax.
• I’m doing the recent changes to the estate tax.
• SB 6347, in front of you, would modify the estate tax rate for estates of decedents dying on or after

Bills: SB6346, SB6347, SB6147, SB6246, SB5940, SB5882, SB6223, SJR8206, SB5762, SB5828

Keywords: millionaires tax, wealth tax, income tax, state revenue, tax reform, Washington estate tax, estate tax, inheritance tax, death tax, probate, decedent, gross estate, taxable estate, exclusion amount, tax rate, estate planning, heirs, beneficiaries, RCW 83.100, Department of Revenue

Summary: The committee first suspended the five-day notice rule for all bills on the agenda by a 15-9 roll call vote, after several senators objected that the main tax bill had not been public long enough and that the fiscal note had just been released. The hearing then focused on Senate Bill 6346, described by staff as a 9.9% tax on Washington taxable income above a $1 million household deduction, with additional charitable deductions, credits for certain taxes, and related changes to the working families tax credit, a grooming and hygiene sales tax exemption, a larger small business B&O credit, and early repeal of the high-grossing business B&O surcharge. Staff said the proposal would raise about $3.5 billion annually once fully implemented, with most revenue going to the general fund and 5% to a public defense stabilization account for counties. Public testimony was sharply divided. Supporters, including labor, anti-poverty, health care, education, and local government advocates, argued the bill would make the tax code more progressive, help fund schools, health care, child care, public defense, and other services, and provide relief through the working families tax credit and lower taxes on working people. Several individuals who would be subject to the tax also testified in support, saying they were willing to pay more to support public services and community investment. Opponents, including business groups, builders, hospitality, rental housing, medical, and taxpayer advocates, warned the bill would function as a tax on pass-through businesses and retained earnings, hurt housing production and small businesses, create cash-flow problems, and potentially drive people and investment out of Washington. Committee members asked questions about the bill’s treatment of pass-through entities, student athletes, nonresidents, capital gains, and whether the measure would eventually expand beyond high earners. Some witnesses and senators also raised constitutional concerns and argued the bill conflicts with Initiative 2111 and the state constitution’s tax provisions. Others noted the bill’s public defense funding and asked for broader or different distribution formulas, including possible support for cities and higher education. No final action on Senate Bill 6346 was taken in the portion of the meeting provided; the committee was still hearing testimony when the transcript ended.

Bills: SB2397

Keywords: oil and gas, tax exemption, development incentive wells, gross production tax, flaring, 908, all

Summary: The Senate Finance and Tax Committee met and first took up House Bill 1382, the gas tax bill. Members explained an amendment to ensure that the proposed three-cent gas tax distribution would include all counties and townships in oil-producing counties, rather than excluding non-oil-producing counties as in the original draft. The committee adopted the amendment unanimously, but then held the bill for the time being because of related work on the Department of Transportation budget in the House. The committee then turned to House Bill 1168, a large hoghouse amendment that combined the bill with the contents of House Bill 1176 and added technical corrections. The proposal would raise the primary residence property tax credit maximum from $1,250 to $1,650, keep the 75% cap with a $500 floor, and extend the credit to voter-approved levies while excluding special assessments. Other changes discussed included aligning the disabled veterans property tax credit with the $200,000 exemption level, adjusting budget and distribution dates so taxing districts are made whole sooner, exempting townships from a general-election vote requirement for levy increases, and modifying school funding formulas so schools are not shortchanged if mill levies are reduced under the cap. Testimony from the Association of Counties and the State Supervisor of Assessments was generally supportive of the technical cleanup and implementation changes, but they raised concerns about the June 1 distribution date, application timing, and the practicality of some programming and administrative changes. Committee members also discussed the policy and messaging implications of the 75%/floor structure and the difficulty of applying the credit to certain voter-approved levies. No final action was taken on House Bill 1168; the committee agreed to continue working on amendments and recessed until later in the day.

Transcript Highlights:

• And as you probably know, municipalities rely heavily on gross receipts tax because that is the way that
• I do want to add that the counties also rely heavily on gross receipts taxes as well as property tax.
• you've heard it from both the Municipal League and the Association of Counties, continues to be the gross
• Last year, Senate Bill 455 added the term co-insurance to the gross receipts deduction definition.
• This bill was tabled and later included in House Bill 144. ...to the gross receipts deduction definition

Bills: SB12, SB13

Keywords: tax credit, physician, healthcare, income tax, rural health, tax deduction, gross receipts, coinsurance, managed care, 996, all

Bills: HB230

Keywords: real estate, brokerage, broker, salesperson, licensee, consumer disclosure, agency disclosure, RECAD, Real Estate Consumers Agency and Disclosure Act, Alabama Real Estate Commission, buyer agreement, listing agreement, transaction broker, single agent, dual agency, compensation disclosure, commission, referral agreement, referral fee, written agreement

Transcript Highlights:

• HB382 is a bill that changes some Alabama real estate licensing laws. Um, be very...
• Alabama real estate licensing law. Um, be very brief. It does a few things.
• Um, there are team concepts you might have heard of, the Something Real Estate team.
• My understanding is that the real estate commission has rules and... real estate commission has rules

Bills: HB95, HB382

Keywords: HVAC, air conditioning, heating, ventilation, warranty transfer, manufacturer warranty, consumer protection, home sale, residential real property, real estate, homebuyer, homeowner, property transfer, fixture, condominium, cooperative, duplex, triplex, quadraplex, warrantor

Transcript Highlights:

• I actually probated my first small estate this year. first small estate this year because there was just
• or not. out whether it was a small estate or not.
• I've had people that had to probate an estate just to find out what was in a safe deposit box.
• SB106 that we just took up, dealing with small estates, and we... dealing with small estates, and we
• We have questions that have arisen about intestate succession—what size is a small estate?

Bills: SB156, SB134, SB108, SB47, SB88, SB89, SB106, SB18, SB9, HB38, HB54

Keywords: habitual felony offender, resentencing, Alabama Department of Corrections, victim notification, criminal justice reform, life sentences, parole eligibility, pardon, parole, law enforcement, GPS monitoring, data sharing, mail theft, stolen mail, criminal penalties, personally identifying information, felony, misdemeanor, SB47, Alabama

Transcript Highlights:

• And then judge has the authority to take in different considerations of the estate, but we don't I feel
• House Bill 5642 seeks to ease the burden on realtors by instructing the Texas Real Estate Commission
• Chairman, as you know, when judges commit gross negligence by failing to monitor a guardian properly.
• .. and cause serious loss to the guardianship estate.
• And it's particularly in cases in which the estate has been closed or the personal representative has

Bills: SB387, SB1335, HB1671, SB1760, SB1839, SB1923, HB1928, HB4942, HB5628, HB5642, HB1980

Keywords: judicial bond, guardianship, probate law, county judge, statutory county court, estates, inheritance, representative duties, court authority, personal representative, retroactive child support, parentage, genetic testing, family code, child's conception, incapacitated persons, court proceedings, guardianship fees, estate management, probate

Transcript Highlights:

• 50%</c><00:03:35.519><c> tax</c><00:03:35.840><c> on</c><00:03:36.080><c> the</c><00:03:36.239><c> gross
• Um, we incentivize things, uh, to a certain extent, but 50% of gross revenue, I mean, we talked about
• them</c><00:22:49.919><c> at</c><00:22:50.320><c> 50%</c><00:22:50.799><c> of</c><00:22:51.039><c> gross
• </c> we tax them at 50% of gross revenue. we tax them at 50% of gross revenue.
• </c> of gross revenue. of gross revenue.

Bills: HF3611, HF3659, HF3909

Keywords: taxation, income tax, damage awards, sexual harassment, abuse claims, immigration enforcement, taxpayers, file income tax return, Minnesota-source income, tax regulations, detention facilities, gross revenues, private prisons, Minnesota law, 1183, house

Transcript Highlights:

• Today, Senator Padilla, the construction materials gross receipts... Thank you very much.
• Well, the gross receipts tax, I've been told, is weird.
• And we should get rid of the gross receipts tax. I've heard that for a long time.
• And that's why our gross receipts tax rates have started to really go up a lot.
• I would prefer no person will come back—just the gross receipts, period.

Bills: SB36, SB88, SB92, SB97, SB48, SB55, SB58, SB76, SB93, SB89, SB60

Keywords: quantum technology, tax credit, infrastructure, economic development, New Mexico, corporate tax, research and development, innovation, foster care, income tax, guardianship, youth services, financial relief, affordable housing, gross receipts tax, tax deduction, construction materials, multifamily housing, low income, tax credits

Transcript Highlights:

• I'm the public policy director for NAIOP, which is the commercial real estate development association
• place for several years and continues to provide meaningful support to small business owners and real estate
• > support to small business owners and support to small business owners and real<00:07:25.000><c> estate
• </c> real estate investors across Minnesota. real estate investors across Minnesota.

Bills: HF3127, HF3524, HF3525, HF3754

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

Transcript Highlights:

• That will help everybody that's in the development and real estate business, and it will also help those

Bills: HB294

Keywords: energy efficiency, tax exemption, residential properties, sustainability, real estate

Transcript Highlights:

• And for the record, I wasn't a real estate appraiser at the assessor's office.
• recheck request process that I went on millions of recheck requests and for the record I wasn't a real estate
• And for the record, I wasn't a real estate appraiser at the assessor's office.
• Some of them come from the real estate arena, but they don't have the sort of— they're not required to
• And so, in my experience as a property tax real estate appraiser and having done these things on my own

Bills: HB2016, HB2104, HB2105, HB2288, HB2289

Keywords: tax penalties, filing, tax returns, administration, Arizona Revised Statutes, agricultural property, classification, county assessor, property inspection, appeal process, property tax, agricultural classification, Department of Revenue, property valuation, inspection notice, inspection report, on-site inspection, full cash value, rural land, farm land

Transcript Highlights:

• So these facilities will continue to pay real estate taxes.
• these facilities will continue to pay these facilities will continue to pay real<01:03:21.119><c> estate
• </c><01:03:22.319><c> Uh</c><01:03:22.559><c> while</c><01:03:22.799><c> estimates</c> real estate taxes
• Uh while estimates real estate taxes.

Bills: HF1669, HF4709, HF3531, HF4048

Keywords: tax credits, sustainable aviation fuel, environmental policy, corporate franchise, Minnesota taxation, electricity generation, property tax exemption, renewable energy, incentives, economic development, fuel delivery, tax exemption, retail transactions, diesel exhaust fluid, fuel lubricants, healthcare tax, gross receipts tax, hospitals, chiropractors, healthcare providers

Bills: HB329, HB8, HB353, HB329, HB8, HB353, HB50, HB78, HB225, SB75, SB209

Keywords: military installations, tall structures, local government, construction approval, wind energy facilities, tobacco regulation, vaping, sales restrictions, youth protection, tobacco compliance, public health, education programs, electronic nicotine delivery systems, judicial compensation, salary adjustments, district attorneys, Judges, local officials, computer science, education reform

Bills: HB2510, SGA9305

Keywords: community custody, probation, Department of Corrections, DOC supervision, Washington criminal law, sentencing, felony supervision, risk assessment, sex offense, serious violent offense, domestic violence, repetitive domestic violence, failure to register, sex offender registration, dangerous mentally ill offender, indeterminate sentence, parole, conditional commutation, gross misdemeanor, misdemeanor

Transcript Highlights:

• As a reminder, under state law, stalking may be charged by a prosecutor as a gross misdemeanor or, in
• certain offenses can be required to serve a period of time on community custody, and there's a list of gross
• certain offenses can be required to serve a period of time on community custody, and there's a list of gross
• differences are that in Senator Torres's bill it was anybody sentenced to stalking, whether that was gross
• differences are that in Senator Torres's bill it was anybody sentenced to stocking whether that was gross

Bills: HB2510

Keywords: community custody, probation, Department of Corrections, DOC supervision, Washington criminal law, sentencing, felony supervision, risk assessment, sex offense, serious violent offense, domestic violence, repetitive domestic violence, failure to register, sex offender registration, dangerous mentally ill offender, indeterminate sentence, parole, conditional commutation, gross misdemeanor, misdemeanor

Transcript Highlights:

• In light of the rising costs brewers face on raw materials, real estate, packaging, and more, this incentive
• The cost of grain, the cost of insurance, the cost of real estate, everything's been a little bit tougher

Bills: HB249

Keywords: real property, ad valorem tax, tax appraisal, property value limitation, real estate taxation, property ownership

Transcript Highlights:

• This resulted in a large number of real estate loans being pulled into the scope of Minnesota Statute
• So, um, all of you now are well on your way to getting your Minnesota real estate license because these
• So, um, all of you now are well on your way to getting your Minnesota real estate license because these
• I would be in really good conversation with my insurance agent and my real estate agent.
• agent um I think the insurance estate agent um I think the insurance agents<01:04:09.039><c> in</c><

Bills: HF1865, HF2014, HF2028

Keywords: mortgage, qualified mortgage, QM, points and fees, conventional loan, consumer lending, home loan, residential real estate, lender fees, service charge, finance charge, closing costs, Minnesota Statutes 47.20, housing finance, borrower protections, cooperative apartment loan, contract for deed, real estate lending, foreclosure, notice requirements

Transcript Highlights:

• So I'm primarily working commercial real estate.
• I think there are potentially some real estate transactions where we would want this to apply, but we're
• Representative Boyd said her concerns are similar to Representative Hilferty’s because real estate is
• disclosures, to provide for the duties of sellers and real estate agents, to provide for applicability
• I worked with the Louisiana Realtors Association and the Real Estate Commission, who are all here, but

Bills: HB267, HB478, HB617, HB659, HB800, HB922, HB924, HB947, HB1166, HB1223

Keywords: home inspectors, board membership, licensing, term limits, Louisiana State Board, utility, reimbursement, overcharges, consumer protection, economic relief, hidden fees, junk fees, drip pricing, price transparency, mandatory fees, surcharges, unfair trade practices, advertising disclosures, total price, service fees

Bills: SB48, HB250, SB17

Keywords: State Fairgrounds District, fairgrounds bonds, public financing, bond authorization, gross receipts tax, gaming tax, tax-backed bonds, infrastructure funding, Albuquerque fairgrounds, State Fair Tid, economic development, municipal bonds, revenue pledge, capital projects, New Mexico finance, technology, innovation, advisory board, entrepreneurial support, stakeholder representation