Video & Transcript Research : 'loss valuation'
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MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 4/15/26
Commerce Finance and Policy
Transcript Highlights:
- valuations.
- Disagreements over loss valuations. Thank you for your time and consideration.
- method of resolving these losses.
- than we treat a fire loss.
- Appraisal does not create new losses; it resolves disagreements about losses that already exist.
Keywords:
healthcare, insurance, regulation, financial institutions, prescription drug affordability, consumer protection, restitution account, financial compensation, attorney general, distributions, property insurance, homeowners insurance, fire and allied lines, hail insurance, appraisal clause, loss adjustment, alternative dispute resolution, insurance claims, claim valuation, actual cash value
TX
Transcript Highlights:
- bill aims to provide a less expensive, more efficient alternative to litigation. ...the amount of loss
- Property damage and property loss, because in appraisal, all they're deciding is what is the amount of
- the loss, not coverage questions.
- The average difference on total loss claims was $3,800.
- Total loss claims showed an average increase of $3,900.
Bills:
HB345, HB721, HB2580, SB815, HB3057, HB4603, HB3233, SB495, HB3863, HB3914, HB4570, HB5099, HB5173, SB458
Keywords:
insurance, appraisal process, disputed losses, residential property, policyholder rights, insurer obligations, natural disasters, appraisal expenses, umpire selection, policyholder, insurer, umpire, claims management, health care, cost disclosure, benefit plan, administrators, traumatic brain injury, health benefit plans, insurance coverage
TX
Transcript Highlights:
- providers from passing these fees to clients, forcing mental health professionals to absorb financial losses
Bills:
HB345, HB721, HB2580, SB815, HB3057, HB4603, HB3233, SB495, HB3863, HB3914, HB4570, HB5099, HB5173, SB458
Keywords:
insurance, appraisal process, disputed losses, residential property, policyholder rights, insurer obligations, natural disasters, appraisal expenses, umpire selection, policyholder, insurer, umpire, claims management, health care, cost disclosure, benefit plan, administrators, traumatic brain injury, health benefit plans, insurance coverage
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (12-12-25) - Part 1
Transcript Highlights:
- So we would caveat that as a loss. So CRS higher member payroll, there's an actuarial loss.
- member payroll there's a actuarial loss. member payroll there's a actuarial loss.
- It appears in the valuation, and this is called a gains-loss analysis.
- So, that’s a loss.”
- the loss side. the loss side.
Keywords:
Meeting Start: 00:00:00
Attendance Roll Call: 00:00:12
Approval of Minutes: 00:01:34
Actuarial Valuation Update – KPPA: 00:02:10
Actuarial Valuation Update – TRS: 00:25:32, 958, all
Summary:
The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side.
Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act.
The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes.
At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board (11-20-23)
Keywords:
KY LRC YouTube, https://www.youtube.com/watch?v=j6zIchrEjYQ, 2026-06-21T07:17:05+00:00, 2.2.24, Data collected via generic collector engine, Meeting Start: 00:00:00
Attendance Roll Call: 00:00:20
Actuarial Valuation Update (JFRS): 00:01:48
Actuarial Valuation Update (KPPA): 00:09:57
Actuarial Valuation Update (TRS): 00:50:23
Discussion of Proposed Legislation: 01:19:10
Adjournment: 01:40:19, 958, all, 2.2.42, 2.1.47
TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part II) Mar 27th, 2025
Business & Commerce
Transcript Highlights:
- The average difference in total loss claims was $3,089.26.
- For total loss claims, it's $3,964 above the carrier's final offer.
- life for those, or environmental incidents, or loss of investment.
- loss of productive land.
- Our biggest concern is just the loss and threat of habitat to birds.
Bills:
SB458, SB819, SB1238, SB1642, SB1643, SB1644, SB1791, SB1810, SB1824, SB1825, SB758, SB1455, SB1706
Keywords:
insurance appraisal, property insurance, auto insurance, homeowners insurance, residential property, disputed loss, loss valuation, appraisal clause, appraiser, umpire, Texas Department of Insurance, TDI, insurance dispute resolution, claims adjustment, total loss, windstorm insurance, FAIR Plan, surplus lines insurance, policyholder, insurer
TX
Bills:
SB2601
Summary:
The Senate Committee on Border Security met with a quorum and heard only one bill, Senate Bill 2601 by Senator Blanco, laid out by Senator Hinojosa of Hidalgo. The bill was presented as a committee substitute to revise the Landowner’s Compensation Program created last session under SB 1133. The changes would expand eligibility to include land lessees with the landowner’s permission, cover damage to the land itself as well as structures and real property, add continuous smuggling of persons as a qualifying border crime, prohibit insurers from using claims under the program in rate calculations, and require law enforcement to provide requested border crime reports to the Attorney General within 14 days.
Public testimony was unanimously supportive. Charles Maley of the South Texans Property Rights Association said the program has been beneficial and that the bill helps clean up implementation issues, including clarifying compensation for debris and pollutants left on land. Stephen Diebel of the Texas and Southwestern Cattle Raisers Association also supported the bill, saying it would help address fence damage, destroyed infrastructure, and other harms along the border, and that lessees who manage properties day to day should be eligible for direct compensation when they have the landowner’s permission.
Members discussed border-related property damage, including vehicles crashing through fences, broken sheds, livestock escaping, and resulting highway hazards. Senator Hinojosa asked about how conflicts between landowners and lessees would be handled, and testimony indicated documentation of lease authority would be required. After public testimony closed, the committee adopted the committee substitute without objection and voted to report SB 2601 favorably to the full Senate by a 5-0 vote, recommending it as local and uncontested.
TX
Bills:
SB2601
Keywords:
landowner compensation, border crime, agriculture damage, law enforcement, crop loss, 1185, senate, all
Summary:
The Senate Committee on Border Security met with a quorum and heard one bill, Senate Bill 2601 by Senator Blanco, laid out by Senator Hinojosa of Hidalgo. The bill amends the Landowner’s Compensation Program, which was created last session and is administered by the Office of the Attorney General, to expand eligibility to land lessees, cover damage to the land itself as well as structures and real property, add continuous smuggling of persons as a covered border crime, prohibit insurers from using claims under the program in rate calculations, and require law enforcement to provide border crime reports to the Attorney General within 14 days. The committee substitute also makes the bill a legislative council draft.
Public testimony was unanimously supportive. Representatives of the South Texans Property Rights Association and the Texas and Southwestern Cattle Raisers Association said the program has helped landowners but needed cleanup and broader access, especially for lessees who manage property day to day and may otherwise not receive compensation. Testimony also emphasized ongoing problems with fence damage, debris, pollutants, and other border-related property damage. Members asked about implementation, including how conflicts between landowners and lessees would be handled; the response was that documentation of authority and lease responsibilities would be required.
After public testimony closed, the committee adopted the committee substitute without objection. Senator Hinojosa then moved that SB 2601 be reported favorably to the full Senate with the committee substitute, and the motion passed on a 5-0 vote. The bill was also recommended for the local and uncontested calendar, with no objection.
AL
Alabama 2025 Regular Session
Alabama House State Government Committee Apr 16th, 2025
State Government
AZ
Arizona 2026 Regular Session
03/04/2026 - Senate Regulatory Affairs and Government Efficiency
Regulatory Affairs and Government Efficiency
Keywords:
digital goods, advertising, ownership, license, consumer protection, refund policies, streaming services, minors, content creators, online platforms, compensation, trust accounts, child protection, video content, privacy, employment, independent contractor, marketplace, digital services, contractual agreements
Summary:
The committee heard House Bill 2010, which would prohibit sellers of digital goods from using terms like “buy” or “purchase” in a way that implies unrestricted ownership when the consumer is actually receiving a license, and would require clearer disclosures, post-transaction notices, prorated refunds or alternative access if license terms change, and enforcement under the Arizona Consumer Fraud Act. The sponsor said the bill responds to consumers being misled about digital purchases and to concerns that licensed content can be altered or removed after sale. The bill was approved on a 7-0 do pass vote.
The committee also heard House Bill 2192, which would require compensation protections for minors featured in monetized online content, including trust-account requirements similar to child actor protections, recordkeeping, and a process for adults who were featured as minors to request removal or editing of content that identifies them. Google testified in support, saying the bill mirrors existing protections for child actors and provides a uniform standard; the sponsor said it addresses the growing child influencer industry. An amendment was adopted to clarify that platforms may rely on existing trust-and-safety systems and are not required to proactively monitor user content or be liable for third-party content if they comply with mitigation requirements. The bill then passed 7-0 as amended.
House Bill 2310 was described as a technical fix to Arizona’s qualified marketplace contractor law for gig-economy platforms, clarifying that contracts may be terminated without cause on reasonable notice and that the contractor may terminate unilaterally. Lyft supported the measure, saying it removes ambiguity without changing the independent contractor framework; one senator questioned the wording, but the sponsor and witness said the intent was to preserve driver independence. The bill passed 7-0. The committee then heard House Bill 2501, an agency-requested measure from the Department of Insurance and Financial Institutions that conforms Arizona’s appraisal management company definition to federal law by updating the definition to include administering appraisal panels and defining a 12-month period. It also passed 7-0.
AZ
Transcript Highlights:
- And we've had taxpayers appeal a valuation to the board.
- are valuation appeals, not change of class.
- The other 1,500 primary appeals, we're talking about maybe 99% of them are based upon valuation.
- You made a wrong valuation number.
- I would say, again, back to that that 1500 appeals that we have based upon valuation.
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
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.
HI
Hawaii 2026 Regular Session
HSH Public Hearing - Thu Feb 5, 2026 @ 9:30 AM HST
Human Services & Homelessness
Transcript Highlights:
- So we may be events is loss of Medicaid.
- indication other than weight loss, for obesity.
- <02:12:41.119>
medications across various weight loss medications across various weight loss - This relating to drugs for weight loss.
- Um members, are there loss maintenance.
Keywords:
disability, communication access, deaf, hard-of-hearing, deaf-blind, healthcare, sign language interpreters, auxiliary aids, weight loss, GLP-1 drugs, obesity, Medicaid, healthcare costs, 910, house, all
Summary:
The committee heard testimony on HP 1972, which would create a nonrefundable family caregiver tax credit, and on a related tax measure to increase the existing dependent care tax credit. Supporters of HP 1972, including AARP, the Executive Office on Aging, the Hawaii Public Health Institute, Hawaii Children’s Action Network, and others, said unpaid caregivers are essential to keeping kūpuna and other loved ones at home and described significant out-of-pocket costs. The Department of Taxation and the Tax Foundation raised technical concerns, including the need to avoid overlap with existing credits and to prevent double-dipping. The department said taxpayers can claim credits to the extent allowed, but recommended explicit language barring the same costs from being claimed under more than one credit. No vote was taken in the excerpt, and the chair moved the bill along after questions.
The committee then heard HP 1975, which would repeal the sunset on the state rent supplement program for kūpuna. AARP, Catholic Charities Hawaii, the Executive Office on Aging, and others supported making the program permanent, saying it helps low-income older adults avoid eviction and homelessness and allows them to remain in affordable housing. Catholic Charities described clients who were paying unsustainable shares of income for rent before receiving the supplement. Members also shared a constituent example of an elderly retiree who needed the subsidy to stay housed. Written support was noted from additional organizations and individuals.
Next, the committee took up HB 1706, which would expand Medicaid prospective payment reimbursement to include mental health services furnished in federally qualified health centers and rural health clinics by mental health professionals under supervision. The Office of Hawaiian Affairs supported the bill, and DHS said it appreciated the intent to address workforce shortages and expand training, but cautioned that unlicensed professionals cannot currently bill Medicaid and that a state plan amendment would be needed, with limited precedent for approval. Members asked about the likelihood and timing of federal approval and whether the bill could help rural areas; DHS said approval is uncertain and the process can take time, though it saw possible alignment with the state’s rural health transformation efforts. The committee also discussed HB 546, a three-year health coverage continuity pilot program for people losing Medicaid coverage. DHS, the Attorney General’s office, DCCA, Catholic Charities, the University of Hawaii, and others testified, with DHS warning that federal changes could increase uninsured rates and that the state may need to act quickly. Catholic Charities and others emphasized the risk to Medicaid recipients, including homeless and near-elderly residents, while DHS explained the state’s existing premium assistance program for certain immigrants and compared it to the proposed pilot. The excerpt ends during discussion of that comparison, with no vote shown.
AZ
Transcript Highlights:
- Copart specializes in handling insurance total loss salvage claims in Arizona.
- them in Arizona: my client and their competitor, who pretty much have 100% of the insurance total loss
- and then the body shop or the insurance adjuster takes a look at it and determines that it's a total loss
Bills:
HB2016, HB2104, HB2105, HB2174, HB2256, HB2289, HB2477, HB2903, HB2939, HB2979, HB2996, HB4103
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
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.
OK
Oklahoma 2026 Regular Session
Commerce and Economic Development Oversight REVISED: SB1101 and SB1966 - Added Apr 16th, 2026 at 10:30 am
Commerce & Economic Development Oversight
Keywords:
SB80, legislation, state law, public safety, community impact, local governance, dental coverage, insurance reporting, healthcare access, dental loss ratio, community benefits, Oklahoma law, Athletic Trainer, Compact, interstate practice, licensure, public health, workforce development, military spouses, telehealth
FL
Bills:
S0578
Keywords:
Alzheimer's disease, Alzheimers, dementia, related dementias, brain health, early detection, diagnosis, caregiver support, elderly affairs, Department of Elderly Affairs, Department of Health, public health outreach, memory loss, cognitive decline, healthy aging, clinical trials, community resources, underserved communities, nonprofit, awareness campaign
Summary:
The Committee on Fiscal Policy heard CS for SB 57A, the Alzheimer’s Disease Awareness Initiative by Senator Simon. The bill would create a statewide public health awareness campaign through the Department of Elder Affairs to promote early detection and diagnosis, brain health education, awareness of research and clinical trials, and outreach to older adults and higher-risk populations, with the department contracting with nonprofits for education and awareness efforts. Senator Simon and the bill’s supporters emphasized Florida’s high Alzheimer’s prevalence and the need for public education and early intervention.
John Strader, representing the Alzheimer’s Association in South Florida and speaking as a caregiver, testified in support and described how early diagnosis and recent medical advances make awareness campaigns more important. He said a local pilot campaign in Miami-Dade led to a more than 30% increase in calls to the association’s helpline. Karen Morillo of AARP Florida and Tyler Jefferson of the Alzheimer’s Association waived in support.
Several senators voiced support and personal reflections on the impact of Alzheimer’s on families and caregivers. Senator Osgood asked about funding and whether the initiative would require new appropriations, and Senator Jones urged that the bill be fully funded and recognized Senator Simon’s personal connection to the issue. In closing, Senator Simon spoke emotionally about his mother’s diagnosis and the need to help families find resources earlier. The committee then approved the bill by roll call vote and reported CS for SB 57A favorably before adjourning.
LA
Keywords:
automobile repairs, insurance transparency, repair shop liability, non-OEM parts, policyholder rights, automobile insurance, appraisal process, insurance policyholders, dispute resolution, claim valuation, family leave, insurance, paid leave, employment benefits, caregiver support, behavioral health, crisis services, mental health care, insurance coverage, healthcare access
HI
Transcript Highlights:
- Dental loss ratio and our written testimony is moving across the continental U.S.
- It does differ from medical loss ratios.
- calculate a dental insurers dental loss calculate a dental insurers dental loss ratio<00:35:44.160
- Dental loss ratio for Hawaii consumers.
- So they differ from medical loss ratios.
Keywords:
outdoor advertising, billboards, public safety, penalties, community pollution, elections, campaign finance, business entities, political activity, regulation, liability, non-natural persons, insurance, captives, examination, regulations, policyholders, dormant captive, tax exemption, Hawaii revised statutes
Summary:
The Senate Commerce and Consumer Protection Committee opened its first hearing of the year with remarks from Chair Jared Kohole outlining hearing procedures, a two-minute testimony limit, rules for remote testimony and decorum, and a revised testimony-publication pilot that keeps 96-hour notice but returns to a standard 24-hour testimony deadline. He then moved through the agenda, beginning with SB 2004 on outdoor advertising, which would increase penalties for violations of billboard and outdoor advertising laws. Testimony on that measure was limited; Henry Curtis of Life of the Land was first up, and written support was noted from Hawaiian Electric and the Outdoor Circle.
The committee then heard SB 2039 on election campaign finance, which would prohibit certain business entities from engaging in campaign finance activities. The Attorney General’s office offered comments and did not take a formal position at the hearing. Several proponents testified in support, including Josh Frost, Tom Moore of the Center for American Progress, Hapa/Hawaii Alliance for Progressive Action, and Common Cause Hawaiʻi, all arguing the bill would curb corporate and dark-money influence and return elections to the people. Moore distinguished between regulating corporate “rights” and limiting corporate “powers,” and said the state can redefine the powers it grants corporations. In questions, Senator McKelvey asked whether the bill could be expanded to include unions; the Attorney General said he would need to get back with legal analysis, while Moore said his preferred approach would include all entities and that leaving out nonprofits or unions would create problems. Members also discussed whether the bill would affect PACs, and Moore explained that the proposal would prohibit corporate and dark-money flows into PACs while leaving individual political giving and existing political committees in place. The committee then moved on to the next measure.
SB 2042, relating to insurance, was heard next. The bill would reduce the unimpaired minimum capital and surplus required of class 4 sponsored captive insurance companies under certain circumstances. The DCCA Insurance Division said it stood on its written testimony, and the Hawaii Captive Insurance Council testified in support, describing the change as a narrow, risk-based adjustment that would not affect the commissioner’s authority where actual risk resides and would help keep Hawaii competitive. The committee noted additional written support and proceeded without a vote or final action in the portion of the hearing provided.
MN
Transcript Highlights:
- value valuation. value valuation.
- Each March and April, assessors send valuation notices to taxpayers.
- Each March and April, assessors send valuation notices to taxpayers.
- <00:49:05.880>
rather defend every single valuation rather defend every single valuation rather - <01:03:55.520>
for dealing with that property valuation for dealing with that property valuation
Keywords:
property tax, tax refund, taxpayer relief, Minnesota taxation, one-time payment, taxation, property valuation, Tax Court, evidentiary standards, Minnesota Statutes, disparity reduction, aid payments, local government, funding, Fillmore County, education funding, managed forest land, classification, forest management plan, agricultural land
Summary:
The committee first approved the April 9 minutes, then took up House File 2988, which would extend for eight more years a sales tax exemption tied to Minnesota State High School League tournament ticket revenue that is funneled into the league’s foundation and returned to schools as grants. Chair Youakim and Executive Director Eric Martins said the program sends more than $1.1 million annually back to schools for activity fee reductions, scholarships, coaching and training, AEDs, late buses, and other school needs, with over 98% of funds going directly to schools. Representative Huot and others spoke in support, while Representative Robinson questioned the structure and suggested the state could instead simply reduce ticket prices and not tax the tickets. The committee laid HF 2988 over for possible inclusion in the omnibus tax bill.
The committee then heard House File 4906, as amended, which would create a one-time property tax refund in calendar year 2026 for owners of residential homesteads and the homestead portion of agricultural property, funded by a $4 billion appropriation in fiscal year 2027. The bill includes a clawback for delinquent taxpayers and offsets to ensure no one receives more in property tax refunds than they paid. A House Research staffer said the Department of Revenue viewed the refund as potentially taxable, while House Research said it likely should be treated as a recovery of prior taxes, and the two would follow up. The bill was introduced with testimony from Eric Bernstein of We Make Minnesota and Nan Madden of the Minnesota Budget Project, both of whom opposed it, arguing it would create a large budget hole, force future cuts, and disproportionately benefit homeowners while excluding renters and lower-income Minnesotans.
Several members also raised concerns. Representative Hewitt said the state should prioritize public safety, rural EMS, and safety-net hospitals rather than a large rebate, and Representative Youakim argued the money would be better spent on longer-term property tax relief and education funding. Representative Hollins said the proposal would worsen racial and wealth inequities because homeownership is lower among communities of color and renters would get nothing. In response, the author and supporters said the bill is meant to put money back into people’s budgets and that individuals should be able to decide how to use their own money. The discussion continued with questions about the bill’s size and fiscal impact, but no final action on HF 4906 was taken in the portion provided.
LA
Keywords:
HB 287, Louisiana Tax Commission, ad valorem, property tax, property assessment, assessment fees, fee extension, sunset extension, public service property, utility property, insurance company property, financial institution property, tax administration, R.S. 47:1838, Act 296, reappraisal, ad valorem tax, valuation, Louisiana tax law, homestead exemption
OK
Oklahoma 2026 Regular Session
Revenue and Taxation REVISED Feb 9th, 2026 at 01:30 pm
Revenue and Taxation
Keywords:
excise tax, oil tax, natural gas tax, state revenue, Oklahoma Corporation Commission, income tax, tax credit, aerospace sector, employment, economic development, adaptive reuse, affordable housing, urban renewal, economic impact, program, housing, revitalization, urban development, income tax credit, manufacturing