Video & Transcript Research : 'premium tax'

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AZ

Arizona 2026 Regular Session

03/09/2026 - Senate Finance

Finance

Transcript Highlights:
  • This bill also requires a tax officer to provide acknowledgement or response.
  • Tax officers must provide written responses to consent or dispute any errors.
  • Tax officers are still obligated to respond through physical mail.
  • As a former tax practitioner and a student of tax policy...
  • As a former tax practitioner and a student of tax policy, it's my belief that tax exemptions are kind
AZ

Arizona 2026 Regular Session

02/04/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • It includes no tax on tips, no tax on overtime. It includes no tax on tips, no tax on overtime.
  • We could also look at insurance premium tax being higher because, unfortunately, people have to pay more
  • Chairman, I'm sorry to interrupt, but we're speaking of the income tax here, not insurance premium taxes
  • tax relief.
  • Taxes are detailed. Taxes are... Taxes are detailed.
LA

Louisiana 2026 Regular Session

Municipal May 20th, 2026

Municipal

Transcript Highlights:
  • Senate Bill 485 by Senator Edmonds provides for the levy of premium tax in the city of St. George.
  • This transfers authority over insurance premium tax within the city of St.
  • So it clarifies that insurers may only be subject to one local insurance premium tax for the same risk
  • It defines insurance premium tax as a municipal license tax imposed on insurers, which is all consistent
  • premium taxes, and administer those taxes.
Bills: SB348, SB444, SB485
OK
Transcript Highlights:
  • Oklahoma homeowners pay some of the highest insurance premiums in the nation, and this is protections
  • Oklahomans pay some of the highest insurance premiums in the nation.
  • rate regulation is not really moving the needle, but other states also have had increases in their premiums
  • Thank you for that question. ...have had increases in their premiums as well.
  • Right now, we don't have any tax deductions or any other incentives on there, but just trying to get
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Feb 16th, 2026 at 01:30 pm

Revenue and Taxation

Transcript Highlights:
  • That part of that tax cut included a path to zero, which is a triggered tax cut.
  • And I think, when we look at our income tax revenue, sales tax revenue, the diversity of the funds that
  • So this eliminates the home office premium tax credit again.
  • premiums from 2.25 to 2.16 beginning July 1, 2026.
  • I think I read it carefully, but will you Tell me what the maximum tax excise tax would be that a city
HI

Hawaii 2026 Regular Session

CPN Public Hearing 01-29-2026

Commerce and Consumer Protection

Transcript Highlights:
  • Um, it does not affect tax or any kind of political committee, candidate committees, party committees
  • Um, it does not affect tax or any kind of political committee, candidate committees, party committees
  • I think the anger has been focused on tax just because there's been a glimmer of hope that you could
  • exits, and potentially raising premiums exits, and potentially raising premiums for<00:36:58.400
  • <00:38:04.480> Refund increased premium rates. Refund increased premium rates.
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

Minnesota 2025-2026 Regular Session

House Ways and Means Committee 3/3/25 - Part 1

Ways and Means

Transcript Highlights:
  • fiscal note in the floor raised the tax fiscal note in the floor raised the tax from<00:14:56.000
  • just in a fiscal note raised a tax just in a fiscal note raised a tax nearly<00:15:06.120> a<
  • So this is intended to give us time to get this kind of a large tax, $1.5 billion in taxes coming out
  • So this is intended to give us time to get this kind of a large tax, $1.5 billion in taxes coming out
  • So this is intended to give us time to get this kind of a large tax, $1.5 billion in taxes coming out
Bills: HF11
MN

Minnesota 2025-2026 Regular Session

House Ways and Means Committee 3/3/25 - Part 2

Ways and Means

Transcript Highlights:
  • will be small businesses that close because they just cannot afford to implement this by paying the tax
  • gets<00:09:08.000> leave<00:09:08.480> pay<00:09:08.640> a<00:09:08.839> tax
  • <00:09:09.160> on<00:09:09.360> it<00:09:10.120> so currently gets leave pay a tax
  • on it so currently gets leave pay a tax on it so members<00:09:11.000> there<00:09:11.120>
  • <00:09:28.839> and implement this by paying the tax and implement this by paying the tax and
Bills: HF11
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/5/26

Commerce Finance and Policy

Transcript Highlights:
  • the federal enhanced premium tax credits that ended at the end of last year.
  • ended enhanced premium tax credits that ended enhanced premium tax credits that ended at<00:58:20.720
  • With the loss of the advanced premium With the loss of the advanced premium tax<00:59:47.920>
  • Those tax credits, or should say premium credits, that were as a result of advanced tax credits were
  • So, yes, there's going to be an increase in premiums because the federal tax credits are there, and that's
Bills: HF3388, HF400
TX

Texas 89th Regular

Appropriations Apr 15th, 2025

Appropriations

Transcript Highlights:
  • Just to clarify, the ESF is a tax on oil and gas severance taxes. You really want to eliminate...
  • Although these aren't taxable dollars in a traditional sense like a sales tax or property tax, it is
  • still a tax on private industry that we're using.
  • Return $5 billion to lower property taxes right now.
  • We can reduce property taxes by $5 billion immediately.
TX
Transcript Highlights:
  • I wrote down income tax. I wasn't even thinking about sales tax in Texas.
  • It's endured through your premiums; you just don't see it.
  • Much more of that premium will go into the CRTF.
  • and maintenance taxes to the Texas Department of Insurance.
  • From 2020-2024, TWIA and TFPA paid $48 million and $10.4 million in premium maintenance tax, respectively
AZ

Arizona 2026 Regular Session

02/16/2026 - House Land, Agriculture & Rural Affairs

Land, Agriculture & Rural Affairs

Transcript Highlights:
  • Insurance premium tax revenues have seen substantial growth in recent years; from FY24 to FY25, they
  • Those who received previously authorized distributions from the insurance premium taxes will need to
  • It takes money from the insurance premium tax collection.
  • So on each insurance premium written in the state, there is a small percentage that goes to a tax.
  • So on each insurance premium written in the state, there is a small percentage that goes to a tax.
AL

Alabama 2026 Regular Session

Alabama House County and Municipal Government Committee Mar 18th, 2026

County and Municipal Government

Transcript Highlights:
  • the property tax on those structures.
  • , and I don't have to pay the tax.
  • <00:49:33.120> They're them back on the tax rolls. They're them back on the tax rolls.
  • if the valuation is lower, then the tax if the valuation is lower, then the tax structure<00:50:
  • with a this sort of single tax colony. with a this sort of single tax colony.
Bills: SB32, HB404, SB105, SB32, HB404, SB105
LA

Louisiana 2026 Regular Session

Municipal May 7th, 2026

Municipal

Transcript Highlights:
  • This is transferred authority of insurance premium taxes with the City of St. George.
  • It defines insurance premium tax as a multiple license tax imposed on insurance based on premiums written
  • George will exclusively exercise their authority to levy insurance premium tax. The City of St.
  • George would exclusively exercise their authority to levy insurance premium taxes, collect insurance
  • premium tax, and administer and enforce those taxes within the city limits.
Summary: The committee on local and municipal affairs met on May 7, 2026, approved the prior meeting minutes, and then took up a series of local bills. HB 362 creating the Regency Park Towns Townhomes Crime Prevention and Security District in Orleans Parish was reported favorably without objection. HB 822, dealing with nonprofit entities that hold appointments on boards and commissions while not in good standing with the Secretary of State, drew questions about whether it targeted a specific entity and about how long an entity should be out of good standing; the committee adopted an amendment changing the trigger to three consecutive years and then reported the bill as amended. A major portion of the meeting focused on HB 1243, which would give the Orleans Parish City Council more authority over the Sewer and Water Board. The sponsor, Council President J.P. Morrell, and Representative Hilfordy argued the bill would move New Orleans toward a more local, responsive public-works model and help address long-standing dysfunction. The Bureau of Governmental Research testified that it supported increased local control but urged a formal study or transition plan so the city would document the future governance structure. Despite those concerns, the committee adopted an amendment clarifying ownership of assets and then reported HB 1243 as amended. The committee also handled several St. George bills and other local measures. SB 348, allowing third-party administrative support for motor vehicle enforcement, and SB 444, granting expropriation authority for certain public projects, were reported favorably. SB 485, transferring insurance premium tax authority to the City of St. George, was initially amended but then reconsidered; the amendment was stripped and the bill was reported favorably. HB 990, concerning Jefferson Parish and unpaid water/sewer bills on multifamily properties, HB 466 on West Feliciana Parish property-tax rebates, HB 664 raising parish ordinance fines, HB 87 increasing per diem for a Livingston Parish gas utility district board, HB 115 abolishing the police chief for the Village of Edgefield, HB 741 creating emergency housing vouchers for human trafficking survivors, HB 377 removing civil-service pay restrictions for state examiners, HB 162 updating a crime prevention district fee, HB 368 raising fines for improper demolition of historic properties, and HB 441 returning Sewer and Water Board employees to city civil service were all reported favorably, most without objection. HB 431, requiring mayors to complete 16 hours of annual training, was amended to add continuing legal education and national conferences and then reported as amended. The committee adjourned after completing its agenda.
LA

Louisiana 2026 Regular Session

Municipal May 7th, 2026

Municipal

Transcript Highlights:
  • This is transferred authority of insurance premium taxes with the City of St. George. Mr.
  • Chairman, this transferred authority of insurance premium taxes with the City of St.
  • It defines insurance premium tax as a multiple license tax imposed on insurance based on premiums written
  • George will exclusively exercise their authority to levy insurance premium tax. The City of St.
  • premium tax, and administer and enforce those taxes within the city limits.
Summary: The committee on Local and Municipal Affairs met on May 7, 2026 and approved the prior meeting minutes before taking up a series of local bills. Early action included HB 362, creating the Regency Park Towns Townhomes Crime Prevention and Security District in Orleans Parish, which was reported favorably. HB 822, dealing with nonprofit entities that hold appointments on boards and commissions while not in good standing with the Secretary of State, drew discussion about how long an entity must be out of compliance and whether notice should be required; the committee adopted an amendment changing the threshold to three consecutive years and then reported the bill as amended. A major portion of the meeting focused on HB 1243, which would shift more authority over the New Orleans Sewerage and Water Board to the Orleans Parish City Council. Supporters, including Representative Hilfriddy and Council President J.P. Morrell, argued the current structure is dysfunctional and unresponsive, and that local elected officials need authority to act more quickly. The Bureau of Governmental Research testified without taking a position on the bill itself but urged a formal transition plan or study committee so the city would have a clear governance path. Despite that concern, the committee adopted an amendment clarifying asset ownership and then reported HB 1243 as amended. The committee also handled several St. George bills. SB 348, allowing local law enforcement to contract for administrative support related to motor vehicle enforcement, was reported favorably. SB 444, granting St. George expropriation authority for certain public infrastructure projects, was also reported favorably. SB 485, concerning the city’s authority over insurance premium taxes, initially had amendments adopted but was then reconsidered; the amendments were stripped and the bill was reported favorably in its original form. HB 431, requiring mayors to complete annual continuing education, was amended to clarify approved training and then reported favorably. Other measures reported favorably included HB 990 on Jefferson Parish master water meters, HB 466 on West Feliciana Parish tax rebates tied to a data center project, HB 664 raising the maximum fine for parish ordinance violations, HB 87 increasing per diem for a Livingston Parish gas utility district board, HB 115 abolishing the police chief position in Edgefield, HB 741 creating emergency housing vouchers for human trafficking survivors, HB 377 removing civil service pay-plan restrictions for state examiners, HB 162 allowing a fee increase for the Jefferson Place/Bocage Crime Prevention District, HB 368 increasing fines for improper demolition of historic properties in New Orleans, and HB 441 returning New Orleans Sewerage and Water Board employees to city civil service. The committee adjourned after reporting the bills.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/26/26

Commerce Finance and Policy

Transcript Highlights:
  • <00:21:21.200> Chair as premium goes? Mr. Cotter. Mr. Chair as premium goes? Mr. Cotter.
  • onto premium payers. onto premium payers.
  • Property taxes are increasing schools. Property taxes are increasing as<00:35:31.600> well.
  • insurance in their premiums. insurance in their premiums.
  • advertisements at a higher premium. advertisements at a higher premium.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/4/25

Commerce Finance and Policy

Transcript Highlights:
  • proposing a premium subsidy or a premium proposing a premium subsidy or a premium write<00:13:47.800
  • pay for reinsurance, you could direct any of these taxes to the premium security account when it comes
  • deducted from a Health Plan's premium deducted from a Health Plan's premium tax tax tax liability
  • It's already been discussed that if the enhanced premium tax credits under the ACA expire this year,
  • It's already been discussed that if the enhanced premium tax credits under the ACA expire this year,
Bills: HF837
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 6th, 2026

Washington Senate Floor Meeting

Summary: The Senate considered Engrossed Second Substitute House Bill 2034, a measure to terminate and restate the LEOFF 1 pension plan and use surplus funds for other state purposes if federal approval is obtained. During debate, senators discussed whether the plan should remain funded at 110% or 120% of actuarial value, whether surplus dollars should instead go to transportation or the budget stabilization account, whether members should receive an additional distribution, and whether local governments should be reimbursed for retiree health care costs. Several amendments were offered: a Gildon amendment to raise the funding target to 120% failed; a technical Robinson amendment adding a date passed; Holy, King, Harris, Schessler, and Conway amendments addressing member distributions, transportation, budget stabilization, local government health care costs, and a reconstituted board distribution all failed; and Robinson’s amendment removing Climate Commitment Act repayment language passed. The Ways and Means striking amendment, as amended, was then adopted. On final passage, supporters argued the bill was actuarially sound, had been reviewed by attorneys, actuaries, the State Investment Board, and the Department of Retirement Systems, and would allow use of excess funding for other state needs. Opponents warned it left too little in the pension fund, should dedicate surplus dollars only to one-time uses, and did not adequately reimburse cities and counties for retiree medical obligations. After debate, the Senate passed E2SHB 2034 by a vote of 25 yeas, 22 nays, with one absent and one excused. Afterward, the Senate returned to Substitute House Bill 2178, which was also passed on final passage by a vote of 39 yeas and 9 nays, with one excused. The chamber then adjourned until the next scheduled meeting.
AL

Alabama 2026 Regular Session

Alabama Senate Finance and Taxation Education Committee Mar 4th, 2026

Finance and Taxation Education

Transcript Highlights:
  • "Yeah, we've already given them the exception that they don't have to pay premium tax.
  • tax.
  • Are we going to give them a premium tax.
  • Understand that the individual health plan premiums are not tax-deductible unless you're self-employed
  • uh state income tax. uh state income tax.