Video & Transcript Research : 'refundable exemption'

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MN

Minnesota 2025 1st Special Session

House Taxes Committee 3/27/25

Taxes

Transcript Highlights:
  • By providing a refundable sales tax, sales and use tax exemption on construction materials, this bill
  • sales tax sales and use tax a refundable sales tax sales and use tax exemption<00:04:53.240> on
  • So my bill is to construct a Delano ice rink, and it's a refundable sales tax exemption for construction
  • My bill is to construct a Delano ice rink, and it's a refundable sales tax exemption for construction
  • This is another bill for a refundable sales and tax exemption for construction materials for a public
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/13/25

Taxes

Transcript Highlights:
  • , so if your obligation isn't as great as what your refund is, you get to just have that back.
  • <00:02:08.679> as<00:02:08.800> what<00:02:08.879> your<00:02:09.000> refund
  • <00:02:09.360> is isn't uh as great as what your refund is isn't uh as great as what your
  • refund is you<00:02:09.560> get<00:02:09.679> to<00:02:09.840> just<00:02:10.000
  • He explained that sales tax laws say that if an item is to be used in the home, it is exempt.
MN

Minnesota 2025 1st Special Session

House Taxes Committee 3/4/25

Taxes

Transcript Highlights:
  • It provides $2.9 million savings to the general fund by reducing state-paid property tax refunds.
  • it incentivizes new property tax refunds it incentivizes new family<00:03:07.799> child<00:03
  • So ultimately, any exemption that's provided, be it a market value exemption, be it fiscal disparities
  • , be it veterans exclusions, that share is increased on the people that don't get the exemption.
  • The share is increased on the people that don't get the exemption, and that's there. It's real.
Bills: HF1277, HF812, HF457, HF633
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 4/8/25

Taxes

Transcript Highlights:
  • property tax exemption property tax exemption which<00:52:14.360> is<00:52:14.560> a
  • > that's which is a property tax exemption that's which is a property tax exemption that's granted
  • exemption? exemption?
  • , know, looked at the sales tax exemption, know, looked at the sales tax exemption, as<00:59:38.080
  • I'm here today to speak in support of House File 2658, which would provide a refundable sales tax exemption
OK

Oklahoma 2026 Regular Session

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

Revenue and Taxation

Transcript Highlights:
  • So what we're doing is raising the homestead exemption from $1,000 to $5,000. Sorry.
  • Or for seniors, let's adjust the exemptions that are based on them.
  • I believe our low-income property exemption is at $12,000 still per year.
  • It's mileage rate times the exemption, not the full amount of exemption.
  • It's not necessarily a freeze or an exemption that's put in place. But that is still locked.
NM

New Mexico 2026 Regular Session

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

Senate Tax, Business & Transportation

Transcript Highlights:
  • And removing this exemption makes sure that everyone is paying their fair share.
  • Everyone's issue, and removing this exemption makes sure that everyone is paying their fair share into
  • We did it as an exemption and kept in the local option gross receipts.
  • The credit is refundable. It has an 11-year sunset provision.
  • Senate Bill 156 removes the income cap on the Social Security tax exemption, so all eligible New Mexico
TX

Texas 89th Regular

Local Government Apr 22nd, 2025

Local Government

Transcript Highlights:
  • This will bring the total for elderly and disabled homeowners to a whopping 200,000 exemption.
  • The general homestead exemption was $5,000. The general homestead exemption was $5,000.
  • The disabled and veterans exemption was $10,000.
  • So for 40-some years, the disabled and veterans exemption has stayed the same.
  • 50,000 over-65 exemption would make it a supermajority.
Bills: SB23, SJR85
Summary: The Senate Committee on Local Government heard testimony on Senate Bill 23 and its companion constitutional amendment, Senate Joint Resolution 85, both by Senator Bettencourt. The bills would increase the additional homestead exemption for elderly and disabled homeowners from $10,000 to $60,000, which proponents said would significantly reduce property taxes and help seniors and disabled Texans age in place. Bettencourt and supporters described the measure as part of a broader property tax relief package, estimating combined savings of about $950 for over-65 and disabled homeowners when paired with other recent homestead exemption changes. Witnesses largely supported the proposal. Testimony in favor came from a lawyer, a private citizen, Texas Realtors, the Texas Silver-Haired Legislature, and the Texas Association of Builders, all emphasizing relief for fixed-income seniors, housing stability, and the ability to remain in their homes. Several witnesses noted rising property taxes, medical costs, and the challenges seniors face in moving or affording home modifications. One witness from Every Texan said a flat homestead exemption is the most equitable way to cut property taxes, but argued against additional tax cuts generally, favoring a circuit-breaker approach and warning that permanent tax cuts could reduce funding for schools and other needs. The committee also discussed data showing many over-65 homeowners already pay no school property taxes in some counties and that the proposed changes would increase that share. After closing public testimony, the committee voted on the measures. Senate Bill 23 was reported favorably to the full Senate by a 7-0 vote, and S.J.R. 85 was also reported favorably by a 7-0 vote. The transcript also shows Senate Bill 898 being laid out and passed unanimously earlier in the meeting, with a recommendation for the local and uncontested calendar.
AL

Alabama 2026 1st Special Session

Alabama Senate Finance and Taxation Education Committee Feb 18th, 2026

Finance and Taxation Education

Transcript Highlights:
  • . >> Propane is already tax exempt for farms. >> So this would just be natural gas lines. >> Okay. >>
  • It isn't propane already exist. >> Propane is already tax exempt for farms. >> So this would just be
Bills: SB159, SB159
TX
Transcript Highlights:
  • Senate Bill 23 will increase the additional homestead exemption for elderly and disabled homeowners from
  • to a whopping $200,000 exemption.
  • The General Homestead exemption was $5,000. The disabled and veterans exemption was $10,000.
  • So for over 40 years, the disabled and veterans exemption has stayed the same.
  • And that’s what a homestead exemption like this does.
Bills: SB23, SJR85, SB 23
WY

Wyoming 2026 Regular Session

House Transportation, Highways & Military Affairs Committee, February 12, 2026

Transportation, Highways & Military Affairs

Transcript Highlights:
  • fish vehicles, all of those exempt fish vehicles, all of those exempt plates<00:04:32.720> that
  • It's an exemption for property tax.
  • it's an exemption for property tax. it's an exemption for property tax.
  • <00:47:43.119> to the ability to give that exemption to the ability to give that exemption
  • requirement for the veterans exemption requirement for the veterans exemption on<00:50:50.800>
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Apr 30th, 2025

Ways and Means Education

Transcript Highlights:
  • I have one of those requests for tax exemption.
  • What the request is, is of course for sales and use tax exemption.
  • Of course, all these bills are just exempting the state tax.
  • This exempts...
  • They've raised $133,000 and the request is to exempt the sales tax on those... to exempt that sales tax
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Apr 13th, 2026 at 02:00 pm

Revenue and Taxation

Transcript Highlights:
  • this exemption.
  • This is giving a reciprocity for the sales tax exemption. Texas does it with us.
  • I can go to Texas and buy agricultural stuff with my Oklahoma exemption card.
  • We would recognize a Texas agricultural exemption card. Senator Kirk, thank you, Mr. Chair.
  • Of feed, if you're not getting sales tax exemption in Texas, why buy it in Oklahoma?