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.
• receipts tax.
• 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

Transcript Highlights:

• </c> policy and enough dollars in the tax policy and enough dollars in the tax incentive<00:37:26.960
• </c> investments, our corporate tax credits. investments, our corporate tax credits.
• And this bill is strictly a tax. >> This is just the tax portion.
• </c> strictly a tax. strictly a tax.
• </c> &gt;&gt; This is just the tax portion. Yes. &gt;&gt; This is just the tax portion. Yes.

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: 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

Transcript Highlights:

• That's a tax increment development district.
• Diligently on last year's 481 to ensure that there were community benefits as part of the tax agreement
• We pay over $300,000 a year in gross receipts taxes, $45,000 in property taxes, and lots of ancillary
• taxes.
• The state loses gross receipts and the state loses the ability to follow where the firearms are going

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

Bills: SB271, HB511

Keywords: SB271, Alabama, municipalities, city fees, town fees, franchise fees, utility franchise, natural gas, manufactured gas, gas utility, public streets, public places, right-of-way, municipal consent, gross receipts tax, license tax, privilege tax, Public Service Commission, PSC, utility regulation

Bills: HB323, SB271, SB295

Keywords: electric utility, transportation, oversize vehicles, transport permits, state highway system, SB271, Alabama, municipalities, city fees, town fees, franchise fees, utility franchise, natural gas, manufactured gas, gas utility, public streets, public places, right-of-way, municipal consent, gross receipts tax

Transcript Highlights:

• In addition to the fees, the utility pays a... ...the utility pays a separate 3% gross receipt tax and
• So they don't charge a tax in Birmingham now? Not a franchise fee.
• We pay everybody the business license tax. That is uniform across the state, 3%.

Bills: SB271, SB295, SB309

Keywords: SB271, Alabama, municipalities, city fees, town fees, franchise fees, utility franchise, natural gas, manufactured gas, gas utility, public streets, public places, right-of-way, municipal consent, gross receipts tax, license tax, privilege tax, Public Service Commission, PSC, utility regulation

Transcript Highlights:

• The gross sales utility is one and a half percent. What this does...
• This gross sales utility will freeze the rates at those levels.
• today has a $250 million threshold for... has a $250 million threshold for companies if that's their gross
• The monies they get for their locals from their local gas tax and so forth is not part of this legislation
• There's a 5% gross receipt tax on contractor payments that generates revenue for the Department of Mental

Bills: HB606, SB271

Keywords: HB606, Alabama, Department of Transportation, DOT, public highways, utility relocation, right-of-way, state right-of-way, road construction, bridge, tunnel, toll road, interstate highway, defense highway, utility facilities, broadband, telecommunications, cable, electricity, gas

Transcript Highlights:

• But we could tax the contractors through a gross receipts tax that works for the federal government.
• And so that's why we have a gross receipts tax for services as well as not just a sales tax for items
• 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.

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:

• regularly to report on our gross funding spending.
• Thank you for appearing at the bill presentation I had on the foster parent tax credit.
• And then the tax credits that are used there. Most of these are 9% tax credits.
• There are some 4% tax credits in. Here, which bring just about half the equity that the 9% do.
• The question: the severance tax distribution, does it just go to your entity, Izzy? Mr.

Bills: SB48, SB64, SB100

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, special education, office of special education, deputy secretary, public education department, IEP

Transcript Highlights:

• year by putting in place Senate Bill 481, which turned our State Fair land, 246 acres, into a mini Tax
• How much will this increase the taxes? So, grocery seats tax and the gaming tax? Mr.
• Chairman, this does not increase either of those taxes.
• So this uses approximately 9 million a year from 75 Of those two taxes. Thank you. And Mr.
• Wasn't quite sure whether we took the full GRT in tax, but it's 75 as well as being recalled.

Bills: SB48, SB64, SB100

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, special education, office of special education, deputy secretary, public education department, IEP

Bills: HB2, SB48, SB64, SB100

Keywords: general appropriation, budget, Medicaid, education funding, public safety, 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

Transcript Highlights:

• Creates a new gross receipts tax deduction for receipts from the sale of construction materials and labor
• Creates a new gross receipts tax deduction for receipts from the sale of certain in-office equipment
• Creates a new gross receipts tax deduction for receipts from the sale of construction materials and labor
• Creates a new gross receipts tax deduction for receipts from the sale of certain in-office equipment
• Low-flow gross receipts tax has increased by 85%.

Bills: SB12, SB36, SB92, SB120, SB133, SB151, SB18, SB96

Keywords: tax credit, physician, healthcare, income tax, rural health, quantum technology, infrastructure, economic development, New Mexico, corporate tax, research and development, innovation, affordable housing, gross receipts tax, tax deduction, construction materials, multifamily housing, low income, journalism, local news

Transcript Highlights:

• Well, good morning, everybody, and welcome back to Finance and Tax.
• House Bill 1382, which is the gas tax.
• So we're not going to take any further action on the gas tax for now.
• Under current law, most people pay their property taxes.
• The next issue is with the tax statements.

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:

• I would turn to our tax experts. Mr.
• receipts on gaming tax.
• receipts tax.
• But, you know, as soon as you start doing redevelopment and revitalization, you generate gross receipts
• tax.

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Transcript Highlights:

• HB 82 supports that goal by extending the technology readiness gross receipts tax credit, which helps
• tax credit to include urban underserved areas.
• And when we look at the property tax abatement, the way that that works is we look at the current taxes
• they're paying and we freeze those taxes.
• They make a payment in lieu of taxes back to all the taxing authorities.

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Transcript Highlights:

• House File 3909 proposes a 50% tax on the gross receipts of detention centers operated by private non-governmental
• 03:35.840><c> on</c><00:03:36.080><c> the</c><00:03:36.239><c> gross</c><00:03:36.480><c> receipts</c
• </c> we tax them at 50% of gross revenue. we tax them at 50% of gross revenue.
• </c> of gross revenue. of gross revenue.
• Tax 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:

• tax through tax year pass-through entity tax through tax year 2027. 2027. 2027.
• </c><00:05:21.040><c> credit</c> the PTE tax, they get a a tax credit the PTE tax, they get a a tax credit
• tax our lowest tax rate in rate, our our tax our lowest tax rate in this<01:07:15.400><c> state</c><
• policy on no tax on tips and no tax on policy on no tax on tips and no tax on overtime<01:07:50.560><
• Thank you, members. tax preferences that generally our tax tax preferences that generally our tax code

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:

• I formerly worked as a tax lawyer.
• tax returns show zero due.
• There was a time where the property tax in Arizona is what I call king tax.
• We didn't have income tax. We didn't have sales tax. We had property tax.
• our property tax system.

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:

• They're using it for tax collection, fee collection, which, you know, I understand is more efficient.
• They're using it for tax around.
• </c> &gt;&gt; Uh the collection of the adorum tax &gt;&gt; Uh the collection of the adorum tax [snorts
• ." tax." tax."
• >> Class action, sir. >> Do they have that tax in now? Yeah. Lord have mercy.

Bills: SB223, SB271, SB223, SB271

Keywords: expungement, nonviolent felony, criminal record, restoration of rights, human trafficking, SB271, Alabama, municipalities, city fees, town fees, franchise fees, utility franchise, natural gas, manufactured gas, gas utility, public streets, public places, right-of-way, municipal consent, gross receipts tax