Transcript Highlights:

• We'd like to uh testify on interesting.
• related to how the business interest related to how the business interest deduction<00:34:45.440
• in taxation EBIT to earnings interest in taxation EBIT to earnings before<00:38:51.040> interest<
• 30% limit on business interest. 30% limit on business interest.
• deductions these um these expensing deductions these um these expensing provisions<00:49:32.480>

Bills: HF3127, HF3816, HF3814, HF3815, HF3817

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

Transcript Highlights:

• It's expensive to provide essential services, such as providing resource first responders, investing
• It's expensive to provide essential services, such as providing resource first responders, investing
• That's an expense that you have.
• That's an expense that you have.
• That's an expense that you control that.

Bills: SB59, SB221

Keywords: military families, immunization, education, public health, school enrollment, Mobile County, judge of probate, compensation, salary, expense allowance, 1136, house, all

Bills: SB221, SB224, HB440

Keywords: Mobile County, judge of probate, compensation, salary, expense allowance, electronic monitoring, pretrial defendants, criminal justice, court programs, supervision fees, 1136, house, all

Transcript Highlights:

• <00:16:02.079> in programs, I am very very interested in programs, I am very very interested
• So, thank you for your time and your interest this afternoon.
• So, thank you for your time and your interest this afternoon.
• So, thank you for your time and your interest this afternoon.
• Um, not to get more and more expensive.

Bills: HF4266

Keywords: higher education, state grants, financial aid, college affordability, Office of Higher Education, Minnesota State Grant, need analysis, expected family contribution, student aid, grant formula, living and miscellaneous expense allowance, dependent student, independent student, parental contribution, student contribution, surplus appropriation, biennium, summer 2026, 1183, house

Bills: HB424, SB286

Keywords: HB424, Montgomery County, sheriff, county sheriff, salary increase, expense allowance, local act, county general fund, retirement contributions, public official compensation, law enforcement pay, elected official salary, Montgomery County legislation, sheriff compensation, term-based salary, retirement system, Montgomery City Council, constitutional amendment, employees, service credit

Transcript Highlights:

• Because not taking action, boy, that's expensive. That has economic impact.
• At the same time, in healthcare expenses and lost productivity.
• It's an expensive and unpenalized habit.
• And I'm not driving around the ranch in an expensive pickup truck that has expensive tires, that has
• expensive fuel, and I can use my time for more productive measures.

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:

• And I asked my mom, why is it so expensive and why are we doing this?
• And I asked my mom, why is it so expensive and why are we doing this?
• Yeah, you're sharing in each other's expenses. Yes, you're recognized.
• Like, is it my interest? Do these organizations keep the interest?
• I'll waive close in the interest of time. Thank you.

Bills: S0266, S0394, S0540, S0632, S0642, S0832, S0834, S1028

Keywords: public adjuster, contract cancellation, state of emergency, vulnerable adults, disciplinary actions, financial regulation, information security, financial exploitation, licensing, transportation, insurance, TNC, ride-sharing, automobile liability, bail bond, insurance regulation, foreign insurers, financial disclosure, premium reporting, residential property insurance

Summary: The Committee on Banking and Insurance met with a quorum and took up several bills, beginning with SB 834 on insurance requirements for nonprofit religious organizations and health care sharing ministries. The bill repeals a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing fraud and disclosure protections; opponents said allowing agents and brokers could create consumer confusion and has been associated with bad actors. A title amendment was adopted, and after debate the committee reported the bill favorably. The committee also heard and passed SB 642, which extends reporting and duty requirements to foreign and alien bail bond insurers, and SB 394, a technical bill updating reinsurance intermediary manager law to match current DFS practice. SB 266, which lets vulnerable adults rescind public adjuster contracts without penalty, was reported favorably after testimony from supporters in the insurance and elder law communities and a public adjuster who said the intent was good but the bill may need refinement. SB 832, a residential property insurance transparency bill requiring rate breakdown reports and a consumer resource center, also passed after discussion about consumer clarity and whether the required cost categories can be compiled as written. Later, the committee approved SB 540, which creates cybersecurity requirements for mortgage and money service businesses, closes a regulatory gap for certain investment advisers, adjusts OFR examination-payment deadlines, changes de novo charter requirements, allows virtual credit union meetings, and makes other financial regulation updates. Several amendments were adopted, including a substitute amendment removing fintech sandbox provisions. Finally, SB 1028 on Citizens Property Insurance Corporation was reported favorably after debate over a commercial lines clearinghouse intended to reduce Citizens’ exposure and shift more business to the private market; members discussed taxpayer risk, market competition, and consumer protections. The meeting ended with adjournment.

Transcript Highlights:

• And also, it's great to see so many first responders here interested in artificial intelligence.
• 15:53.839> responders<00:15:54.320> here<00:15:54.800> uh<00:15:55.279> interested
• <00:15:55.600> in first responders here uh interested in first responders here uh interested

Bills: HB424, SB63, SB269

Keywords: HB424, Montgomery County, sheriff, county sheriff, salary increase, expense allowance, local act, county general fund, retirement contributions, public official compensation, law enforcement pay, elected official salary, Montgomery County legislation, sheriff compensation, term-based salary, immigration, law enforcement, fingerprints, DNA collection, illegal aliens

Bills: SR1, SR2

Keywords: Texas Senate, senate rules, caucus report, legislative administration, senate officers, parliamentarian, assistant parliamentarian, secretary of the senate, sergeant-at-arms, calendar clerk, journal clerk, doorkeeper, enrolling clerk, senate staff, employee policies, leave policy, compensatory time, outside employment, staff salaries, per diem

Summary: The Senate reconvened from recess and received a message from the House stating that the House was organized and ready to conduct business. The House also reported passage of SCR 7, which directs the State Preservation Board to begin steps to replace the Children of the Confederacy plaque with a plaque honoring victims of Texas’s convict leasing system. The Senate then took up and adopted Senate Resolution 1, the caucus resolution offered by Senator Zaffirini, which sets recommendations for Senate operations. The officers of the Senate were then sworn in. Next, the chamber considered Senate Resolution 2, the Rules Resolution, offered by Senator Hughes; it was adopted by a 31-0 roll call vote and makes only limited changes to committee structure while retaining prior rules. The Senate also authorized the President to appoint a five-member committee to notify the House that the Senate was organized and ready to transact business. Senator Eckhardt introduced the Doctor of the Day, Dr. Liu, a family medicine physician from Austin. With no further business, the Senate recessed until 1 p.m. Wednesday, January 22.

Transcript Highlights:

• and righteousness, grant them hearts of humility and discernment, that they may seek not their own interests
• we see young people transformed and And I saw in particular a young woman for whom Texas FFA is interested
• in agriculture and walked out of Texas FFA a state officer in Interested in leadership the line from
• In 1937, Texas BOMA represents the interest of stakeholders in commercial real estate business.

Keywords: legislation, testimonies, committee meeting, public interest, bills

Summary: The committee meeting was conducted with several discussions surrounding various proposed bills, addressing both public interests and legislative concerns. Specific bills were presented, and members debated the implications of each, emphasizing their potential impact on the community and state regulations. Notably, several testimonies were heard from stakeholders, which enriched the conversation and provided different perspectives on the bills being reviewed.

Bills: SR1, SR2

Keywords: Texas Senate, senate rules, caucus report, legislative administration, senate officers, parliamentarian, assistant parliamentarian, secretary of the senate, sergeant-at-arms, calendar clerk, journal clerk, doorkeeper, enrolling clerk, senate staff, employee policies, leave policy, compensatory time, outside employment, staff salaries, per diem

Transcript Highlights:

• Um, in the bond market, we trade at the lowest interest rates. We get ratings regularly.
• We appreciate Representative Bell's interest in the water district creation process and the important

Bills: HB23

Keywords: 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, county property tax, nonprofit-owned property

Bills: SB 629, SB 1015, SB 2501, SB 2933

Keywords: child support, interest accrual, family law, delinquency, financial judgment

Transcript Highlights:

• But I just want to point out something in the FIR that's very interesting.
• But I just want to point out something in the FIR that's very interesting.
• for manufacturing facilities, and certain business interest deductions.
• With respect to the interest rate cap, again, that interest can be carried forward.
• It's an investment interest, just the same as stocks and bonds are.

Bills: SB190, SB152, SB77, SB150, SB151, SB156, SB172, SB182, SB185, SB212, SB170, SB133, SB174, SB163

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion

Transcript Highlights:

• This bill goes further by requiring mass mailings that are far more expensive and far less efficient.
• Kelly Rasty: We took an interesting approach.
• Senator Bettencourt: So bulk is an interesting question. So you don't have a bulk permit?
• you're suggesting if it was done centrally like this statewide, that would remove the burden of the expense
• That's very expensive and not Senator Bettencourt: Very effective.

Bills: HB17, HB23

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

Transcript Highlights:

• This bill goes further by requiring mass mailings that are far more expensive and far less efficient.
• That would remove the burden of the expense from the local entities, whatever they were.
• I mean, it's very expensive and not very effective.

Bills: HB17, HB23

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

Transcript Highlights:

• , particularly cities' expenses.
• But as you pointed out, CPI accounts for basically household-type expenses, family expenses. Yes.
• The expenses cities often incur, that doesn't count.
• Interesting.
• These expenses are not optional.

Bills: HB17, HB23, SB 10

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

Transcript Highlights:

• And so it's just any interest because it was 3% if you own that much of a food company, that is a whole
• And then my final question, um, you had mentioned the labeling had come up and how expensive that could
• rather than the best interests of the people for the people.
• How do we keep, if we do it in Texas, how do we prevent those conflicts of interest?
• That really goes to the depths of the conflicts of interest on all of this.

Bills: HB25, HB38

Keywords: ivermectin, pharmacist authority, prescription-free, healthcare regulation, patient access, interest rate, ad valorem taxes, homesteads, property tax, tax deferral

Transcript Highlights:

• Thank you for all the special interests. Thank you for all the advocates who come here.

Bills: HB87, HB96, HB28, HB87, HB96, HB28

Keywords: HB87, Marengo County, coroner, deputy coroner, county commission, expense allowance, mileage allowance, travel reimbursement, local act, local legislation, county general fund, public official compensation, county office, Section 45-46-60, Alabama Code, salary increase, allowance increase, National Signing Day, athletic scholarships, military enlistment

Bills: HB387, HB387

Keywords: sales tax, food taxation, local government, financial growth, tax reduction, water recreation, public use, water bodies, sewer commissions, public interest, 1136, house, all