Video & Transcript Research : 'pass-through entities'

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MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Revenue Feb 12th, 2026

Joint Committee on Revenue

Transcript Highlights:
  • This allows individuals who are part of certain types of pass-through businesses to have their businesses
  • It takes a while to get through that.
  • It's not necessarily an exemption from fair share; it's called the PTE, the pass-through entity.
  • generator for the state while at the same time allowing certain individuals who are members of these pass-through
  • of income, you can now also claim the 4% that you would pay on the surtax, allowing you to use the pass-through
Bills: H4975
Summary: The Joint Committee on Revenue held a public hearing on H. 4975, Governor Healey’s bill to manage the impact of federal tax changes from the “One Big Beautiful Bill” (OB3) on Massachusetts revenues. Secretary of Administration and Finance Matt Gorowitz said the federal law would otherwise reduce FY26 revenue by about $442 million and argued the bill takes a phased approach: immediately conforming to the research and experimental deduction, later phasing in other business tax provisions, extending the pass-through entity excise to income subject to the 4% surtax, delaying large federal tax changes over a $20 million threshold, limiting opportunity zone benefits to Massachusetts investments, adjusting PFML-related tax treatment, and aligning casino reporting thresholds. He said the proposal would protect the current-year budget while preserving competitiveness and that the administration had consulted both business and labor stakeholders. Committee members questioned the administration about why it chose phased conformity rather than full decoupling, the effect on the budget if the bill does not pass, and the rationale for the pass-through entity and opportunity zone provisions. Gorowitz said the budget assumes the bill will pass and would face a gap without it, and he emphasized that the PTE change would not reduce surtax collections. He also said the administration’s concern was balancing fiscal stability with support for sectors such as research, manufacturing, and capital-intensive businesses. On PFML, administration staff explained that the bill’s statutory and administrative changes would be cost-neutral for employers and employees when paired together. Several witnesses urged the committee to go further and permanently decouple Massachusetts from the federal corporate tax changes rather than delay them. MassBudget’s Phineas Baxendall, Progressive Massachusetts’ Jonathan Cohn, and CBPP’s Don Griswold argued that automatic conformity has previously caused revenue losses and that the state should opt out entirely of the five costliest OB3 provisions. Labor and public-sector advocates, including leaders from the Massachusetts Teachers Association, AFT Massachusetts, SEIU 509, the Massachusetts AFL-CIO, and building trades unions, said the federal law will worsen budget pressures, harm schools, health care, human services, and construction employment, and shift costs onto working families. They called for permanent decoupling and warned that the bill’s corporate tax benefits would subsidize investments outside Massachusetts. Unite Here Local 26 also testified in opposition to sections 3 and 4, which would raise the slot-machine jackpot reporting threshold from $1,200 to $2,000, arguing the current threshold helps with problem-gaming intervention, preserves union jobs, and generates revenue. The committee also heard support for maintaining conformity to the R&E deduction from the Massachusetts Society of CPAs, which said the provision is important for the state’s innovation economy. No votes or final actions were taken at the hearing.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/3/26

Taxes

Transcript Highlights:
  • </c><00:02:37.680><c> year</c> pass-through entity tax through tax year pass-through entity tax through
  • </c><00:03:27.640><c> entity</c> Um, what the state pass-through entity Um, what the state pass-through
  • </c> pass-through entity tax that they've pass-through entity tax that they've paid<00:03:50.800><c>
  • </c> pass-through entity payers like LLCs pass-through entity payers like LLCs could<00:07:43.000><c>
  • of the pass-through entity tax.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/11/26

Taxes

Transcript Highlights:
  • The pass-through entity tax is an elective tax that pass-through owners can elect to file and pay at
  • the pass-through entity tax.
  • </c><01:01:10.559><c> was</c><01:01:11.200><c> no</c> pass through entity tax which was no pass through
  • </c> passing the pass through entity tax. passing the pass through entity tax.
  • c> that</c><01:01:56.400><c> was</c> the pass through entity tax that was the pass through entity tax
LA

Louisiana 2026 Regular Session

Health and Welfare May 26th, 2026

Health and Welfare

Transcript Highlights:
  • And so through the holiday weekend, we worked and we came up with a set of amendments, and I believe
  • I obviously was looking through this bill and had no idea about this.
  • And I'm just, I can't even go through it.
  • So we would have to go through.
  • All right, SCR 61 is passed. Thank you.
Bills: HR290, HR298, SB405, SCR61, HR318
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/11/25

Taxes

Transcript Highlights:
  • </c><00:30:52.919><c> laws</c><00:30:53.159><c> in</c> how we should pass laws in how we should pass
  • </c> exemptions after qualifying through exemptions after qualifying through their<01:04:37.760><c> County
  • </c><01:18:39.880><c> away</c> spouse the service member passes away spouse the service member passes
  • <01:18:59.400><c> uh</c> through uh through uh so<01:19:01.199><c> uh</c><01:19:01.280><c> to</c><01:
  • He passed away in a helicopter crash.
KY
Transcript Highlights:
  • five that are targeted based on the rating system, I mean, each district has a rating system, one through
  • I mean, each district has a rating system, one through five in terms of meeting the criteria, um, and
  • </c> district has mandated this so through district has mandated this so through this<00:14:34.079><c
  • </c><00:16:11.440><c> this</c> important for us I hope through this important for us I hope through this
  • This bill passes, and I appreciate all the hard work. Thank you, Mr.
Summary: The committee took up House Bill 48, which would reduce the state-required formal observation cycle for tenured teachers from once every three years to once every five years, while preserving local district authority to conduct more frequent observations if they choose. Supporters argued the change would cut paperwork and time burdens on experienced teachers and principals, while still allowing districts to monitor performance and place teachers on improvement plans when needed. Members also discussed the bill’s separate provisions on school improvement plans, with clarification that CSI/TSI low-performing schools would still be required to maintain comprehensive improvement plans and receive additional support from KDE, and that the bill was not changing the evaluation system for those schools. A second major topic was professional development and teacher induction/mentoring requirements. The bill would consolidate state-mandated PD requirements into a rotational schedule for tenured teachers, and members noted that teachers are already subject to federal and local PD obligations that the legislature cannot change. Several speakers emphasized that the bill was intended to reduce state-level mandates, not eliminate useful supports for new teachers, and one member raised concern that mandatory induction/mentoring could limit districts’ ability to use Title II funds; the response was that the program remains valuable and should be revisited with dedicated funding rather than discarded. There was also a brief question about suicide prevention hotline and Safe Haven Baby Box posting language, which was explained as existing statute consolidated into one place. The committee then voted on the bill and it passed, with members offering brief explanations of support and noting frustration with recurring annual training requirements such as bloodborne pathogens. After the vote, members thanked the bill sponsors and educators who helped shape the legislation, and the chair announced weekly office hours in Room 367. The meeting ended with congratulations to the new K-12 chair and adjournment.
TX

Texas 89th Regular

S/C on Transportation Funding Apr 28th, 2025

S/C on Transportation Funding

Transcript Highlights:
  • transportation authority with reasonable fees under current law municipalities that choose to do so through
  • My journey through the ranks of CapMetro has given me deep and personal... personal understanding of
  • 100% of their dedicated sales tax, ensuring that they are made whole. back into their communities through
  • And ultimately, we are very hopeful that this bill will pass so that we can bring down the fee to a more
TX

Texas 89th Regular

S/C on Transportation Funding Apr 28th, 2025

S/C on Transportation Funding

Transcript Highlights:
  • Please ensure that you're registered through the electronic witness affirmation form located in the back
  • when money is appropriated by the legislature for a specific purpose when administered by TxDOT on a pass-through
  • TxDOT on a pass-through basis.
  • It's almost all the local toll entities that do.
  • Both worked with us to pass in 2017.
KY
Transcript Highlights:
  • The motion passed, and the bill should pass favorably on the House floor.
  • </c><00:05:16.280><c> and</c> yes okay congratulations it passed and yes okay congratulations it passed
  • ><c> the</c><00:05:17.560><c> house</c><00:05:17.840><c> floor</c> should pass favorably in the house
  • Okay, the bill does pass favorable expression, so it should pass the same on the floor.
  • > expression so it should pass the same on expression so it should pass the same on the<00:10:53.639>
Summary: The House Standing Committee on Veterans, Military Affairs, and Public Protection met with a quorum, opened with the Pledge of Allegiance and prayer, and recognized guests before taking up legislation. The committee first heard Senate Bill 61 from Sen. Craig Richardson, who described it as a private property rights bill addressing swimming pools rented through platforms like Airbnb or Swimply. He said current law can cause a privately owned pool to be treated as a public swimming pool, and the bill would correct that definition. The committee moved and seconded the bill, then approved it unanimously for favorable passage to the House floor. The committee then considered Senate Bill 237 from Sen. Jason Hall. Hall said the bill would waive Kentucky’s physical agility requirement for certain out-of-state police officers in good standing with at least 10 years of service, while a committee substitute also updated 911 dispatching laws and adjusted training requirements for part-time public safety telecommunicators. Representative Blandon said he would offer a friendly floor amendment requiring proof that an applicant passed a physical agility test in their state of origin to address KLC concerns. Representative Sharp raised a concern about how federal certifications would fit into the bill’s state-of-origin language. After discussion, the committee approved the committee substitute and passed the bill favorably, with several members explaining their votes or recording votes afterward. The meeting ended with thanks to members and staff and a motion to adjourn.
AL

Alabama 2026 Regular Session

Alabama Senate Education Policy Committee Feb 11th, 2026

Education Policy

Transcript Highlights:
  • &gt;&gt; Amendment<00:08:01.919><c> pass.</c> &gt;&gt; Amendment pass. &gt;&gt; Amendment pass.
  • </c><00:09:08.320><c> entity</c> that adds that the sponsor entity entity that adds that the sponsor
  • entity entity may<00:09:09.279><c> conduct</c><00:09:09.680><c> criminal</c><00:09:10.160><c> history
  • Then, uh, engage in a TEAM contract if they went through the proper protocol.
  • You graciously passed it out.
KY
Transcript Highlights:
  • So, of course, you know the popularity of the tour is through the roof.
  • So they're driving right through your district heading to our direction.
  • So they're driving right through your district heading to our direction.
  • I mean, I went down, this was before Coach Philip Awood passed away.
  • 00:37:51.920><c> and</c><00:37:52.240><c> hosting</c> that through the production and hosting that through
Summary: The committee first approved the minutes from the prior meeting and then heard a presentation from Pike County/Pikeville tourism officials about improving signage for the Hatfield-McCoy historic sites. Bob Scott, Tony Tacket, and Jay Shepard said visitors increasingly come to the area but often cannot find the sites because cell service and GPS are unreliable in the mountains. They argued that clearer signage along routes 119, 319, and 1056 would help visitors navigate the historic loop, strengthen branding, and increase dwell time and local spending. The Pike County presenters emphasized the economic importance of tourism, citing growth in tourist spending from $72.93 million in 2017 to $103.2 million in 2023 and $114.6 million in 2024. They said tourism helps offset the decline of coal, supports local mom-and-pop businesses, and benefits from partnerships with nearby West Virginia sites such as Matewan and other Hatfield-McCoy-related locations. Members asked about cross-state promotion, lodging capacity, and the possibility of a dinner show in Kentucky; the presenters said lodging is up 33% but more is needed, a new Crown Plaza hotel is planned in Pikeville, and a dinner show would require local investment and community buy-in. Committee members from the region spoke in support of the tourism effort and the need to preserve and teach local history. The chair and others said signage would help visitors and noted that a business without signs is no business. The committee then moved on to a separate presentation from the Louisville Sports Commission, introduced by Senator Jason Howell, which began with an overview of the commission’s role in sports tourism and economic development in Louisville.
OK

Oklahoma 2026 Regular Session

Appropriations and Budget Natural Resources Subcommittee Apr 6th, 2026 at 10:30 am

A&B Natural Resources Subcommittee

Transcript Highlights:
  • Yield questions, I have a due pass in a second. Are there any questions on the bill?
  • I declare your bill to have passed. Thank you, Mr. Chairman. Thank you, members.
  • Having to do pass in the second. Are there any questions on the bill?
  • passed.
  • Having a do pass in a second. Are there any questions on the bill?
OK

Oklahoma 2026 Regular Session

Economic Development, Workforce and Tourism Feb 10th, 2026 at 01:30 pm

Economic Development, Workforce and Tourism

Transcript Highlights:
  • Would offer a due pass and a yield for questions from the Chair.
  • Questions on the bill do pass from Senator Kirt.
  • With that, I moved to pass and yield for questions from Senator Coleman.
  • So, with that, I moved to pass and yield for questions.
  • Do pass from the Vice Chair. Second from the Chair. Thank you.
KY
Transcript Highlights:
  • </c> presentation you'd like to go through presentation you'd like to go through with<00:31:57.840><c
  • "I'm going to get through it."
  • </c> all of that training through us. all of that training through us.
  • </c> know, generally through derby day. know, generally through derby day.
  • So um you know when they passed it.
Summary: The committee met on October 23, 2025, approved the September minutes, and heard testimony on a proposed “Kentucky by America” procurement preference bill. Representative Patrick Flannery described the concept as giving preference in public construction and public works contracts to iron, steel, aluminum, and other manufactured goods made in the United States, while emphasizing he wanted to avoid excessive taxpayer costs and was open to changes. Chad Connley of the United Steelworkers and Dustin Reinsteller of the Kentucky State AFL-CIO supported the idea, arguing it would strengthen domestic manufacturing, keep tax dollars in the local economy, and support jobs; Connley said the bill would include waivers for items not made domestically and noted Kentucky has opted out of the GPA trade agreement. Mike Buckington of Metals Innovation Initiative, testifying virtually, also supported the concept and said Kentucky’s metals sector has seen significant investment and can supply most construction needs, while stressing supply-chain reliability and national security concerns. Members generally expressed support but raised questions about implementation. Representative Branscum asked who would grant waivers and how contractors would know the rules during bidding; Flannery said he was open to revising the language and process. Representative Gentry supported the concept but said the bill would likely need editing to avoid harming businesses or markets. Senator Nun suggested aligning the bill’s definition of a U.S. good with industry country-of-origin standards to make compliance easier. Representative KC Carney asked for data on the impact of similar laws in other states, and Connley said he could provide numbers later but did not have them on hand. Senator Boswell supported the concept and asked about the cost threshold for waivers; Connley said the federal standard is a 25% cost increase, while the prior Kentucky version used 10%, and that the threshold is a key detail. The committee then shifted to an informational presentation on building trade apprenticeships. Eric Elie of the Kentucky State Pipe Trades Association, Nick Brown of Plumbers and Pipefitters Local 502, and retired IBEW training director Steve Willinghurst explained how union apprenticeship programs work. Brown described earn-while-you-learn training, with apprentices placed on jobs by signatory contractors and attending classes two nights a week for five years. He outlined the work of plumbers, pipefitters, welders, and HVACR technicians, emphasizing that these trades support construction, industrial facilities, distilleries, and other critical infrastructure. No votes or formal actions were taken on the policy topics beyond approval of the prior minutes.
MN

Minnesota 2025-2026 Regular Session

Taxes Committee Meeting - 2025-05-06

Taxes

Transcript Highlights:
  • I won't go through each of those lines to save time.
  • Pages 5 through 6.
  • I won't go through the fiscal impact to each of these funds, but they are on lines 3 through 29.
  • Lines 16 through 27 are...
  • Maybe we can get that through this year.