Video & Transcript Research : 'payroll deduction IRA'

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AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Feb 19th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • a minimum of 3% of their... contribute a minimum of 3% of their wages through payroll deductions, with
  • IRAs.
  • deduction.
  • deductions for political activities.
  • Yes, or membership deduction dues. Yes, or membership deduction dues. Yes, or membership deduction.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Mar 5th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • An important part of this is to have a tax deduction; it's just like the...
  • A tax deduction, it's just like the college council program.
  • It's a tax deduction of $5,000 for single filing and $10,000 for joint filing.
  • You know what the bill does not do, and that is it does not allow payroll deductions from political contributions
  • Section 17-75 in the first line, which prohibits organizations from payroll deductions from political
Bills: HB52, HB89, HB141, HB52, HB89, HB141
AL

Alabama 2026 1st Special Session

Alabama Senate Finance and Taxation General Fund Committee Feb 4th, 2026

Finance and Taxation General Fund

Transcript Highlights:
  • swipes a Coca-Cola, uh, you know, rings it up under the wrong thing and next thing you know it's deducted
  • swipes a Coca-Cola, uh, you know, rings it up under the wrong thing and next thing you know it's deducted
  • thing you under the wrong thing and next thing you know<00:20:29.520> it's<00:20:30.000> deducted
  • of<00:20:30.799> SNAP<00:20:31.200> and<00:20:31.760> the know it's deducted
  • out of SNAP and the know it's deducted out of SNAP and the store<00:20:32.240> is<00:20:32.400
MN

Minnesota 2025-2026 Regular Session

State Committee Meeting - 2026-04-09

State Government Finance and Policy

Transcript Highlights:
  • Certified payroll strengthens oversight.
  • Many contractors already use established payroll systems to meet current requirements.
  • high-deductible health plans.
  • high-deductible health plans.
  • option. that require a high deductible option.
Summary: The committee first approved the April 7, 2026 minutes and then held an informal hearing on House File 4364, which would establish a Central and Eastern European Ethnic Council in Minnesota. Representative Jordan and testifiers Mykola Mager and Julia Miller described the large Central and Eastern European community in Minnesota, its contributions to the state, and the need for a formal advisory body to help address barriers to government services, support refugees, workforce development, entrepreneurship, and cultural understanding. Members expressed general support and noted the bill’s importance, but no formal action was taken on the bill during the hearing. The committee then took up House File 4543, a bill to create a centralized payroll reporting portal for prevailing wage projects. Representative Frazier said the bill would reduce administrative burden on project owners, improve transparency and accountability, and help prevent wage theft, misclassification, tax fraud, and insurance fraud. Testifiers from county, city, and contractor groups largely supported the idea of streamlining reporting, but contractor representatives raised concerns about employee data privacy, public access to sensitive payroll information, duplication of existing systems, interoperability with contractor software, and the need for stakeholder engagement. Members echoed both support and caution, and the bill was laid over as amended rather than advanced. Finally, the committee considered House File 4821, described by Chair Klevorn as addressing the “penny problem” and a related change to high-deductible insurance plans. The bill would authorize state agencies to round cash transactions because of the penny shortage and would change MMB’s obligation to offer certain high-deductible health plans from “must” to “may,” producing modest administrative savings. Members questioned the drafting of the rounding language and asked about cash transactions at state agencies and the handling of cannabis tax payments. The chair noted the bill had missed the deadline and would be caught by the chief clerk’s office; the discussion ended with the bill being laid over as amended.
AZ

Arizona 2026 Regular Session

02/05/2026 - Senate Finance

Finance

Transcript Highlights:
  • The bill replaces the state's standard deduction by coupling with the federal standard deduction and
  • modifies the charitable contribution deduction.
  • the standard deduction per H.R. 1.
  • The standard deduction change is only one year? Yes, Mr. Chair.
  • the standard deduction per H.R. 1.
Bills: SB1638
Summary: The Senate Finance Committee took up SB 1638, a tax conformity bill that would update Arizona’s tax code to the Internal Revenue Code as of January 1, 2026 and incorporate federal changes from 2025. The bill also included individual income tax subtractions for tips, overtime, seniors, and auto loan interest, along with changes to the standard deduction and charitable contribution deduction. Committee discussion focused heavily on whether Arizona should conform broadly to federal changes or limit the bill to more targeted, temporary provisions. Two amendments were considered. The chair’s amendment was described as clarifying only, addressing retroactivity and foreign dividend language, and it was adopted. Senator Epstein’s amendment would have removed the broader conformity provisions and the modified charitable deduction, limited the standard deduction change to tax year 2025, and kept the individual subtractions; she argued the business-related conformity items mainly benefited corporations and should be negotiated in the budget. Opponents said the amendment would create unnecessary recalculations and uncertainty for taxpayers and businesses, while supporters of the underlying bill said conformity was needed quickly to match Department of Revenue forms and avoid filing-season confusion. Epstein’s amendment failed. Public testimony split along similar lines. Business and tax group representatives supported prompt conformity, saying taxpayers and small businesses needed certainty and that the department’s forms should be codified. Opponents argued the bill would reduce state revenue substantially and mainly benefit higher-income taxpayers and corporations, while diverting money from education, child care, and health care. After debate, the committee voted to move SB 1638 as amended with a do-pass recommendation, passing it by about 4-3, and then adjourned.
AL

Alabama 2026 1st Special Session

Alabama House Ways and Means General Fund Committee Feb 18th, 2026

Ways and Means General Fund

Transcript Highlights:
  • Well, the three or four hours they're sitting there not running a call, payroll is still rolling.
  • Payroll is still rolling. Lots are call. Payroll is still rolling.
NM

New Mexico 2026 Regular Session

Senate - Tax, Business and Transportation Jan 22nd, 2026 at 03:09 pm

Senate Tax, Business & Transportation

Transcript Highlights:
  • because $4,000 is really nothing to a doctor's salary. ...deduction because $4,000 is really nothing
  • your deductible.
  • Co-insurance is the percentage that you pay after you meet your deductible.
  • Several years ago, the legislature eliminated GRT on co-pays and deductibles.
  • Last year, Senate Bill 455 added the term co-insurance to the gross receipts deduction definition.
Bills: SB12, SB13
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/11/26

Taxes

Transcript Highlights:
  • <00:08:09.840> for a taxpayers's itemized deduction for a taxpayers's itemized deduction for
  • <00:34:13.599> is business interest deduction is business interest deduction is calculated
  • Uh in addition um the deduction.
  • <00:35:49.119> Uh ...was allowed a deduction up to 100%. That's a first-year deduction.
  • because of the timing of the deductions because of the timing of the deductions and<00:51:17.280
NM

New Mexico 2026 Regular Session

Senate - Tax, Business and Transportation Feb 7th, 2026 at 06:52 pm

Senate Tax, Business & Transportation

Transcript Highlights:
  • Senate Bill 92, which is the construction materials gross receipts tax deduction.
  • Creates a new gross receipts tax deduction for receipts from the sale of certain in-office equipment
  • Senate Bill 92, which is the construction materials gross receipts tax deduction.
  • Creates a new gross receipts tax deduction for receipts from the sale of certain in-office equipment
  • Housing projects and continue to receive the deduction. So this tightens up that. Oh, okay.
HI
Transcript Highlights:
  • This disallows the home mortgage interest deduction for second homes under state income tax law.
  • mortgage interest deduction on second homes.
  • <00:22:26.160> for know, increased tax deductions for know, increased tax deductions for purchasing
  • interest deduction on second homes. interest deduction on second homes.
  • Um, and I will blank out the deduction and contribution amounts and effect the date.
Summary: The House Housing Committee heard testimony on several housing-related bills. HB 1743 would expand the owner-builder exemption by repealing a leasing restriction and requiring notice when a leased residential structure was built by an unlicensed contractor. Subcontractors Association of Hawaii and the Contractors Licensing Board opposed the bill, warning it could encourage unlicensed contracting and weaken consumer protections, while Hawaii Realtors, Housing Hawaii’s Future, Grassroot Institute of Hawaii, BIA Hawaii, and others supported it as a way to increase housing flexibility. After questions about whether licensed electrical and plumbing work would still be required, the committee voted to pass HB 1743 with amendments and a defective date. The committee also heard and advanced HB 2122 HD1 on teacher housing, which would create a teacher housing assistance program using vouchers from the teachers housing revolving fund. Testimony included support from the Chamber of Commerce of Hawaii, Housing Hawaii’s Future, the Democratic Party of Hawaii Education Caucus, and individuals, with the Office of Collective Bargaining in opposition and the Department of Education offering comments. The bill was voted out as is. The committee then considered HB 1756 and HB 1837, both updating the individual housing account program to reflect current housing prices; supporters including Housing Hawaii’s Future and the Office of Hawaiian Affairs said the limits were outdated and needed inflation adjustments, and HB 1756 was passed with amendments while HB 1837 was deferred as nearly identical. HB 1729 would disallow the state home mortgage interest deduction for second homes. Hawaii Realtors opposed it, while Housing Hawaii’s Future supported it as a way to prioritize first-time homebuyers and reduce competition from second-home buyers. The chair noted a possible revenue savings estimate and the committee passed the bill with amendments, with several reservations. Finally, HB 2559 would prohibit real estate brokers from marketing residential property to limited exclusive groups of buyers, which the Office of Consumer Protection said needed an enforcement clarification and the Realtors said could affect some legitimate private-listing situations. The chair proposed replacing the outright ban with a disclosure requirement for private listings, and the committee passed HB 2559 with amendments. The hearing then adjourned after the chair thanked members, staff, and the public.
MN

Minnesota 2025-2026 Regular Session

State Committee Meeting - 2026-04-16

State Government Finance and Policy

NM

New Mexico 2026 Regular Session

Senate - Tax, Business and Transportation Feb 5th, 2026 at 04:18 pm

Senate Tax, Business & Transportation

Transcript Highlights:
  • Like we said, we do not have certified payroll specifically on contractors to verify that.
  • So at this point, we are talking about the diesel GRT deduction.
  • So at this point, we are talking about the diesel GRT deduction.
  • Is the hold harmless in this one different from the other health care GRT you have deduction?
  • She discussed making it a deduction and also because— Going to have to take care of.