Transcript Highlights:

• By providing a refundable sales tax, sales and use tax exemption on construction materials, this bill
• and</c><00:04:52.280><c> use</c><00:04:52.520><c> tax</c> a refundable sales tax sales and use tax a
• refundable sales tax sales and use tax exemption<00:04:53.240><c> on</c><00:04:53.440><c> construction
• tax credit for more increasing the child tax credit for more families<01:20:36.000><c> and</c><01:20
• </c> the child tax credit that we the child tax credit that we passed<01:26:18.000><c> and</c><01:26:

Bills: HF1833, HF148, HF1127, HF1227, HF1681, HF1974, HF1106, HF1016, HF2197

Keywords: sales tax, education funding, construction, Aitkin Public Schools, tax exemption, refundable credit, HF148, use of force training, deadly force, peace officer training, police training, law enforcement, POST Board, Board of Peace Officer Standards and Training, scenario-based training, de-escalation, defensive tactics, force-on-force training, stress management, officer wellness

Transcript Highlights:

• ><c> new</c> property tax refunds it incentivizes new property tax refunds it incentivizes new family
• </c><01:02:14.160><c> credit</c> reinstating the historic tax credit reinstating the historic tax credit
• </c><01:02:26.039><c> credit</c> shows that this kind of tax credit shows that this kind of tax credit
• </c><01:03:27.279><c> credits</c> was awarded in historic tax credits was awarded in historic tax credits
• </c><01:04:53.119><c> credit</c><01:04:53.400><c> like</c> tax base we know that a tax credit like tax

Bills: HF1277, HF812, HF457, HF633

Keywords: data centers, tax exemption, Minnesota statutes, economic development, employment growth, income tax, tax brackets, tax adjustments, Minnesota, tax policy, underutilized buildings, adaptive reuse, building conversion, historic preservation, downtown revitalization, vacant property, vacancy reduction, refundable tax credit, income tax credit, grant in lieu of credit

Transcript Highlights:

• $1,000, and then it also makes the credit refundable, so if your obligation isn't as great as what your
• </c><00:02:06.920><c> obligation</c> credit refundable so if your obligation credit refundable so if
• With the future of federal student loan forgiveness and repayment plans in jeopardy, this tax credit
• With the future of federal student loan forgiveness and repayment plans in jeopardy, this tax credit
• With the future of federal student loan forgiveness and repayment plans in jeopardy, this tax credit

Bills: HF1359, HF1829, HF290, HF1933, HF926

Keywords: solid waste management, resource management account, environmental fund, taxation, Minnesota statutes, homestead, property tax, classification, disability, resort properties, recreational use, commercial property, tax refund, estimated tax, interest on refunds, income tax, corporate franchise tax, S corporation, partnership, corporation

Transcript Highlights:

• tax credit.
• , and that's not counting 250 million dollars in the parent choice tax credits.
• If she knew, it was out there that's actually a credit that's offered on income taxes.
• So this eliminates the home office premium tax credit again.
• But if we need that tax credit to stay with the home offices. Then that's fine too.

Bills: SB1302, SB1389, SB1401, SB1776, SB1809, SB1858, SB1985, SB2053, SB2148

Keywords: income tax, tax rates, revenue certification, Oklahoma Tax Commission, state budget, education, tax credit, school choice, private school, tuition assistance, income limits, parental choice, accreditation, insurance, taxation, premium, home office credit, healthcare, teacher tax credit, income tax credit

Transcript Highlights:

• tax credit.
• That part of that tax cut included a path to zero, which is a triggered tax cut.
• choice tax credits.
• So this eliminates the home office premium tax credit.
• But if we need that tax credit to stay with the home offices, then that's fine too.

Bills: SB1302, SB1389, SB1401, SB1776, SB1809, SB1858, SB1985, SB2053, SB2148

Keywords: income tax, tax rates, revenue certification, Oklahoma Tax Commission, state budget, education, tax credit, school choice, private school, tuition assistance, income limits, parental choice, accreditation, insurance, taxation, premium, home office credit, healthcare, teacher tax credit, income tax credit

Summary: The Revenue and Taxation Committee met and considered several bills. Senate Bill 1776, by Senator Pugh, would create a $10,000 refundable tax credit for teachers with seven consecutive years of service, as part of a teacher retention strategy; after questions about the seven-year threshold, it passed 8-3. Senate Bill 1858, by Senator Frix, would create a new TIF district financing option allowing developers, rather than cities or counties, to borrow against projected TIF revenues; the committee adopted an amendment changing a filing provision from “may” to “shall,” and the bill passed 7-4. Senate Bill 1985, by Senator Guthrie, would let state retirement systems consider limited investments in regulated digital assets, capped at 5% and narrowed to large-market-cap assets; the committee added an amendment inserting “in” to clarify the language, and the bill passed 9-2. The committee then rejected Senate Bill 1302, by Senator Kirt, which would repeal the “path to zero” trigger tied to future income tax cuts; it failed 2-9 after debate over fiscal stability and tax relief. Senate Bill 1809, by Senator Hamilton, would raise the homestead exemption from $1,000 to $5,000; members debated its impact on local governments and school funding, but it passed 9-2. Senate Bill 1401, by Senator Rader, was amended to adjust the insurance premium tax rate from 1.96% to 2.16% and eliminate the home office premium tax credit; the bill was laid over after concerns about its fiscal impact. Finally, Senate Bill 2053, also by Senator Rader, would allow cities and counties to impose up to a 10% excise tax on medical marijuana dispensaries by local vote, with OTC handling collections and enforcement; supporters framed it as local control and a way to offset public safety costs, while opponents argued it unfairly targeted dispensaries and consumers. The bill passed 7-3. The committee then adjourned and announced it would meet again the following Monday after floor activity.

Transcript Highlights:

• And this provides receipt tax deduction for diesel, a grocery tax credit for diesel use for agriculture
• SB 151 also taxes foreign subsidiary income without providing a foreign tax credit, creating a real risk
• The credit is refundable. It has an 11-year sunset provision.
• Yeah, Madam Chair and members of the committee, I think we have several tax credits where the credit
• So we passed, with your help, a geothermal tax credit of small scale in 2024.

Bills: SB190, SB152, SB77, SB150, SB151, SB156, SB172, SB182, SB185, SB212, SB170, SB133, SB174, SB163

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion

Transcript Highlights:

• This is a tax credit.
• There are two refundable tax credits related to printer income for newspapers.
• So what this does is create two refundable tax credits, the local news printer income tax credit and
• So this is a very narrowly structured refundable tax credit bill.
• And Senator Worth expanded, but it's the companion to the journalism job refundable tax credit bill.

Bills: SB251, SB150, SB154, SB73, SB111, SB172, SB76, SB181, SB235

Keywords: horse racing, program training, program owning, state licensing, racehorses, regulation, local news, newspaper printing, journalism, media tax credit, print media, digital news, news publisher, newsprint, press operator, printing industry, local journalism, tax credit, income tax, corporate income tax

Bills: SB251, SB150, SB154, SB73, SB111, SB172, SB76, SB181, SB235

Keywords: horse racing, program training, program owning, state licensing, racehorses, regulation, local news, newspaper printing, journalism, media tax credit, print media, digital news, news publisher, newsprint, press operator, printing industry, local journalism, tax credit, income tax, corporate income tax

Bills: SB251, SB150, SB154, SB73, SB111, SB172, SB76, SB181, SB235

Keywords: horse racing, program training, program owning, state licensing, racehorses, regulation, local news, newspaper printing, journalism, media tax credit, print media, digital news, news publisher, newsprint, press operator, printing industry, local journalism, tax credit, income tax, corporate income tax

Bills: HF919, HF1192, HF212, HF214

Keywords: wastewater, infrastructure, funding, Litchfield, economic development, environmental compliance, Hastings, water treatment, PFAS, nitrates, bonds, capital investment, public health, HF212, Round Lake-Brewster, Independent School District No. 2907, school construction, school building, sales tax exemption, use tax exemption

Transcript Highlights:

• They concern the child tax credit and property tax refunds.
• two sort of refundable income tax credits that are targeted mostly towards lower income individuals,
• 01:28.200><c> tax</c> have two sort of refundable income tax have two sort of refundable income tax credits
• is um that the child tax credit is a<00:23:04.919><c> refundable</c><00:23:05.440><c> credit</c><00:
• tax refunds.

Bills: HF2254, HF2302, HF2502, HF2315, HF2475, HF2086

Keywords: HF2254, Minnesota child credit, baby bonus, child tax credit, income tax, individual income tax, tax relief, newborn, birth credit, family tax credit, tax refund, advance payment, Department of Revenue, taxable year, parenting, families with children, child credit, state regulations, families, taxation

Transcript Highlights:

• refunds in the form of a property tax credit.
• refunds in the form of a property tax credit.
• refunds in the form of a property tax credit.
• refunds in the form of a property tax credit.
• refunds in the form of a property tax credit.

Bills: HF2274, HF1932

Keywords: taxation, income tax, property tax, corporate tax, homestead credit, local government aid, tax credits, economic development, taxpayer assistance, tax credit outreach, tax preparation, free tax help, IRS, Department of Revenue, general fund appropriation, earned income tax credit, child tax credit, volunteer income tax assistance, VITA, low-income taxpayers

Transcript Highlights:

• The tax revenues and property tax aids and credits are different, and they're noted at the top of the
• Line 7 is the individual income tax credit, and this is a new credit that adds an additional $100 for
• We hope you can build further on Child Tax Credit expansion for filing state income taxes.
• Our membership is all 100% behind that R&D tax credit.
• credit allows supportive housing to utilize the tax.

Bills: HF2730, HF2257, HF2768, HF1932, HF2437

Keywords: local government debt, municipal bonds, county bonds, capital improvements, public financing, bond issuance, public hearing, notice period, bond guarantee, Minnesota Public Facilities Authority, volume cap, private activity bonds, housing finance, residential rental bonds, LIHTC, low-income housing tax credits, redevelopment, courthouse financing, jail financing, law enforcement center

Transcript Highlights:

• tax aids and<00:48:22.400><c> credits.
• ><c> that</c><01:04:25.520><c> put</c> wanted property tax refunds that put wanted property tax refunds
• </c> is all 100% behind that R&amp;D tax credit. is all 100% behind that R&amp;D tax credit.
• credit, the the tax the housing tax credit, the affordable<01:36:24.080><c> housing</c><01:36:24.400>
• housing tax credit is already affordable housing tax credit is already a<01:36:25.600><c> key</c><01

Bills: HF2730, HF2257, HF2768, HF1932, HF2437

Keywords: local government debt, municipal bonds, county bonds, capital improvements, public financing, bond issuance, public hearing, notice period, bond guarantee, Minnesota Public Facilities Authority, volume cap, private activity bonds, housing finance, residential rental bonds, LIHTC, low-income housing tax credits, redevelopment, courthouse financing, jail financing, law enforcement center

Transcript Highlights:

• </c><00:02:21.320><c> refunds,</c> summary on um homestead credit refunds, summary on um homestead credit
• And the homestead credit refund program assists homeowners whose property taxes are high relative to
• The homestead credit refund generally, the way it works is that if your property taxes exceed a certain
• The renter's credit refunds a portion of the property taxes that qualifying renters have paid through
• of The renter's credit refunds a portion of the<00:19:34.040><c> property</c><00:19:34.440><c> taxes

Bills: HF2715, HF2499, HF3420, HF3657, HF2303

Keywords: HF2715, homestead credit refund, property tax refund, property tax relief, homeowner tax relief, homestead credit, co-pay reduction, Minnesota property taxes, tax rebate, state refund, income thresholds, inflation adjustment, property tax circuit breaker, housing affordability, elderly homeowners, fixed income, taxation, Minnesota Statutes 290A.04, renters credit, income tax

Transcript Highlights:

• Welcome to the Tax Committee.
• Credit.
• I appreciate the opportunity to testify on the New Markets Tax Credit.
• I believe that the New Markets Tax Credit focuses on areas that lack the financial backing they need
• Adding the five-year carry forward makes this a much more permissive kind of tax credit to use, and the

Bills: HF2048, HF2360, HF2006, HF950, HF912, HF3140, HF2931

Keywords: individual income tax, retirement contributions, tax corrections, annuity contracts, tax year attribution, tax credit, economic development, community investment, data disclosure, Minnesota regulations, tax increment financing, municipal authority, job creation, transferred increment, public hearing, nonresident employees, income tax exemption, Minnesota taxation, employment duties, tax withholding

Transcript Highlights:

• </c><00:37:26.560><c> credit</c> the low-income housing tax credit the low-income housing tax credit
• </c> attain the low-inccome housing tax attain the low-inccome housing tax credit<00:42:06.720><c> it
• Uh as Tax Credit in front of you today.
• </c> testify on the new market uh tax credit. testify on the new market uh tax credit.
• </c><00:52:55.680><c> uh</c> uh kind of um tax credit to use and uh uh kind of um tax credit to use and

Bills: HF2048, HF2360, HF2006, HF950, HF912, HF3140, HF2931

Keywords: individual income tax, retirement contributions, tax corrections, annuity contracts, tax year attribution, tax credit, economic development, community investment, data disclosure, Minnesota regulations, tax increment financing, municipal authority, job creation, transferred increment, public hearing, nonresident employees, income tax exemption, Minnesota taxation, employment duties, tax withholding

Transcript Highlights:

• And so what this does is it creates a $4,000 tax credit for a...
• A $4,000 tax credit for an MD or DO's personal income tax, as long as they are practicing at least 1,584
• These two tax credits would be stackable, and rural docs here would get a $9,000 tax credit each year
• Me getting a direct tax credit for my personal income tax will be a good incentive.
• For the tax credit because I wouldn't blame them.

Bills: SB12, SB13

Keywords: tax credit, physician, healthcare, income tax, rural health, tax deduction, gross receipts, coinsurance, managed care, 996, all

Transcript Highlights:

• The tax credit provides an income tax credit for rail infrastructure improvements over shortline railroads
• </c><01:11:46.960><c> tax</c> we are um removing a refundable tax we are um removing a refundable tax
• Earned Income Tax Credit the federal Earned Income Tax Credit the federal<01:13:44.280><c> Earned</c
• </c><01:34:43.719><c> credit</c> Family Credit and the child tax credit Family Credit and the child tax
• taxes</c><01:44:51.400><c> on</c> the child tax credit to raise taxes on the child tax credit to raise

Bills: HF1698, HF632, HF1352, HF2197, HF618, HF1248, HF1697

Keywords: property tax, exemption, leased land, public use, commercial property, HF632, Minnesota property tax, conservation easement, conservation restriction, assessed value, property valuation, tax assessment, real property, land conservation, farmland preservation, natural areas, riparian buffer, water quality, water quantity, county assessor

Transcript Highlights:

• rates, and establishes a refundable carbon cash back tax credit to offset increases for most taxpayers
• This bill brings together two proven policy tools, carbon pricing and refundable tax credits, to cut
• </c><02:06:02.000><c> tax</c> carbon pricing and refundable tax carbon pricing and refundable tax credits
• Refundable tax credits are used in Hawaii to provide financial support to specific populations.
• Examples include the food and excise tax credit, earned income tax credit, and child tax credit.

Bills: HB1617

Keywords: carbon emissions, tax credit, fossil fuel, agriculture, food security, environmental tax, greenhouse gas, 910, house, all

Summary: The committees heard testimony on HB 1949, which would create a public dashboard for the green fee to improve transparency and accountability. Testimony from the Climate Change Mitigation and Adaptation Commission, the Office of Planning and Sustainable Development, and many community and conservation groups was generally supportive, with several speakers urging that the governor’s project recommendations remain largely intact and that community-driven projects continue to guide spending. One amendment was suggested to place the dashboard at the Department of Budget and Finance for fiscal expertise, while other testimony favored keeping it with the commission. Members asked about procurement, ETS involvement, recurring hosting costs, and whether the dashboard could be funded from green fee revenues; the commission said it could work with ETS and that green fee funds could reasonably be used. The committees then voted to pass HB 1949 with amendments. The committees also heard HB 2618, which would require the governor to submit a separate bill for amounts tied to any increase in the transient accommodations tax and, in later discussion, was expanded into a broader restructuring of future green fee allocations. Testimony from the Climate Change Mitigation and Adaptation Commission, Hawaii Reef and Ocean Coalition, and others supported the bill and emphasized the value of more predictable, dedicated funding for conservation and climate-related work. During decision-making, the chair described amendments creating several special funds under DLNR, including a watershed biodiversity and wildfire risk reduction fund, an aquatic resources conservation fund, a coastal restoration fund, a cesspool conversion revolving loan fund, and a green fee special fund for remaining revenues, with recommended amounts discussed for some of the funds. The committees voted to pass HB 2618 with amendments. The hearing then moved to HB 1644, a consumer protection measure for residential solar sales that would require compliance with consumer protection laws, licensing or contractor affiliation for sellers, and a standardized disclosure form. Testimony in support came from the Hawaii Green Infrastructure Authority, DCCA’s Office of Consumer Protection, Kauai Island Utility Cooperative, the Hawaii Solar Energy Association, and several solar companies and individuals. Supporters said the bill would address complaints about third-party sales practices and improve disclosure, especially around financing. The committee then began hearing HB 2243, which would require electric utilities to provide public, electronic customer bill impact analyses and annual reports to the Public Utilities Commission; the Division of Consumer Advocacy and the PUC offered comments supporting the measure’s intent.