Video & Transcript Research : 'tax adjustments'

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AL

Alabama 2026 1st Special Session

Alabama House State Government Committee Mar 4th, 2026

State Government

Transcript Highlights:
  • right here so you can see it and you be right here so you can see it and you can<00:18:12.080> adjust
  • <00:18:12.480> your can adjust your can adjust your cord.<00:18:14.200> When<00:18:
Bills: SB271, HB511
MN

Minnesota 2025 1st Special Session

House Taxes Committee 3/4/25

Taxes

Transcript Highlights:
  • I can double... to get 50% off of their property taxes to get 50% off of their property taxes and<00:
  • We've also heard in this tax committee a lot of times about tax breaks for big... here uh Mr chair and
  • regulations we've also heard in this tax regulations we've also heard in this tax committee<00:21
  • 457 which would establish a new tax 457 which would establish a new tax credit<00:29:50.640>
  • <01:04:53.119> credit<01:04:53.400> like tax base we know that a tax credit like tax
Bills: HF1277, HF812, HF457, HF633
AL

Alabama 2025 Regular Session

Alabama House Ways and Means General Fund Committee Mar 19th, 2025

Ways and Means General Fund

Transcript Highlights:
  • you're about to see, gentlemen, that's in your packets, makes this retroactive to January 1, 2024, for tax
  • purposes. 2024, for tax purposes.
  • Then replace lines 38 through 40 on page two with the following: Section one effective for tax years
  • After January 1, 2024, research and experimental expenditures for Alabama tax purposes under chapter
Bills: HB353, HB354, HB357, HB396, SB83
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Apr 23rd, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • Welcome to our tax and finance general fund meeting this morning.
  • Chairman and the committee for hearing me out on this adjustment.
  • That it's why it's not taxed at a tobacco rate, but it's at a lower rate because it's lower risk and
  • Because I wasn't quite understanding how we tax tobacco products and I understand there...
  • Under this bill, we already have the highest tax rate of any surrounding state. Is that correct?
OK

Oklahoma 2026 Regular Session

Rules REVISED Apr 20th, 2026 at 09:00 am

Rules

Transcript Highlights:
  • These are the amount of tax credits available each school year, each tax year.
  • But if a family only paid $500 in state taxes, they Would get $7,500 in a tax credit.
  • school tax credit.
  • earned income tax credit.
  • tax bill of $7,500.
KY
Transcript Highlights:
  • tax, sales and use and consumers use tax, transient room fee, tire fee, telecommunications tax, commercial
  • > tax,<01:08:02.880> commercial telecommunications tax, commercial telecommunications tax,
  • tax returns. tax returns.
  • <01:13:58.080> tax.
  • our taxes? our taxes?
Summary: The committee met on November 5, 2025, and first approved the minutes after a moment of silence for the UPS airport tragedy. The main presentation was from the Personnel Cabinet on the state health insurance plans and executive branch salary schedule adjustments. Officials said the health plan covers roughly 265,000 active members and up to about 300,000 across all benefit offerings, including school board employees, retirees, and other eligible groups. They described rising claims and expenditures, especially from high-cost claimants and pharmacy spending, and said recent premium and benefit changes were intended to balance costs while preserving recruitment and retention efforts. They also explained that employee premiums had not increased for several years, while employer contributions rose sharply in recent years, and projected a 10% employer increase and 3% employee increase going forward based on actuarial analysis. Committee members asked about deductibles, GLP-1 drug costs, claims validation, and the causes of cost growth; officials said the plan uses multiple payment-integrity vendors and that the increases reflect utilization, drug trends, and high-cost cases rather than a change in coverage. The committee also discussed executive branch salary schedule adjustments. Personnel and budget officials explained that when the legislature approves annual pay increases, the salary schedule is adjusted by the same percentage through executive order so the minimum and midpoint stay aligned with approved compensation levels. They said the 2025 adjustment was a 3% match effective September 16 and that the change was costless because salaries had already been increased. Members raised concerns about salary compression, noting that new hires can sometimes be paid near the level of long-serving employees. Officials said the adjustment helps prevent compression from worsening but does not solve it, and they acknowledged prior RFP efforts to address the issue were unsuccessful because no qualified bidder met the requirements. After the health plan and salary discussions, the committee began a presentation from the Cabinet for Health and Family Services on Kentucky’s senior meal program. Secretary Stack explained that the program is a federal-state-local partnership under the Older Americans Act, with area development districts helping deliver services. He outlined eligibility rules, noting that congregate meals at senior centers are available to people age 60 and older, with a spouse of any age allowed to join, and that home-delivered meals have additional homebound and assistance requirements. Members asked whether there was any means test for congregate meals, and the secretary said there is not; the only threshold is age for the center-based meals, while the home-delivered program has additional criteria.
TX
Transcript Highlights:
  • Independent School Districts, which are exempted from demonstrating the impact of the no-new-revenue tax
  • In a different currency, I would think that the law still requires that the sales tax be paid.
  • I wrote down income tax. I wasn't even thinking about sales tax in Texas.
  • Income tax. Sure. When the framers added the Second Amendment to the U.S. Bill of Rights...
  • Hello, my name is John Brown with the American Adjuster Association.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/18/25

Taxes

Transcript Highlights:
  • taxing lodging taxes in the taxing jurisdiction<00:20:03.159> and<00:20:03.440> sections
  • <00:25:58.320> tax some of the erosion of their tax tax some of the erosion of their tax tax
  • this tax increase we would pay more tax this tax increase we would pay more tax to<00:46:40.359>
  • tax credits so that the sort of I tax tax credits so that the sort of I think<01:12:27.280> that<
  • <01:21:06.360> tax clients are eligible for these tax tax clients are eligible for these tax
Bills: HF2274, HF1932
TX

Texas 89th 1st C.S.

Local Government Aug 1st, 2025

Local Government

Transcript Highlights:
  • tax bill?
  • When you look at the tax years 2005 to 2019, the statewide taxes, property taxes, were growing at nearly
  • Tax rates matter. Yes, and property taxes for industrial property taxes.
  • Tax rates matter. Yes, and property taxes for industrial property taxes.
  • Compared to property taxes? Property taxes are 48% of our general revenue. Sales tax, 27%.
Bills: SB9
Summary: The Senate Committee on Local Government met to hear Senate Bill 9, which would lower the voter-approval tax rate for certain local taxing units from 3.5% to 2.5%. Sen. Bettencourt, the bill author, argued the change would continue the state’s property tax reforms begun in 2019, slow local levy growth, and give voters more say over larger tax increases. He and supporters cited data showing property tax levies have grown faster than population plus inflation, and said the bill would help protect taxpayers while preserving the state’s broader investments in school tax relief, water, rural law enforcement, and ambulance funding. Supporters included the Texas Taxpayers and Research Association, the Texas Association of Business, the Texas Public Policy Foundation, and the Texas Association of Manufacturers. They said the bill would improve transparency, encourage more disciplined budgeting, and create certainty for homeowners and businesses. They argued that lower tax-rate growth would help attract and retain employers and investment, and that voters would still be able to approve higher rates when needed. Local officials and other opponents said the bill would constrain cities and counties facing rapid growth, inflation, infrastructure needs, and public safety costs. Testimony from county judges, city finance officials, firefighters, and urban county representatives emphasized pressures from jail operations, roads, water, EMS, police and fire staffing, and unfunded mandates. Several witnesses asked for carve-outs or exemptions for public safety and disaster-related costs, warning that a one-size-fits-all cap could force service cuts or shift costs elsewhere. The committee heard extensive questioning but no final vote or disposition on the bill was taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 2/25/26

Taxes

Transcript Highlights:
  • Our individual income tax calculation starts with adjusted gross income.
  • [clears throat] I'd also point out that many individual income tax provisions are phased out using adjusted
  • provisions are phased out income tax provisions are phased out using<00:05:02.639> adjusted<00
  • So the upshot is that under the EBIT calculation, you have a broader tax base for determining adjustable
  • So the upshot is that under the EBIT calculation, you have a broader tax base for determining adjusted
Bills: HR1, HF387
AL

Alabama 2025 Regular Session

Alabama House Lee County Legislation Committee Apr 24th, 2025

Lee County Legislation

Transcript Highlights:
  • The first one, SB301 by Hobie, is related to electronic filing of business property taxes allowed by
  • , where the revenue commissioner is authorized to perform duties of selling and redeeming land for taxes
Bills: SB301, SB329
AL

Alabama 2025 Regular Session

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

Ways and Means Education

Transcript Highlights:
  • They've raised $133,000 and the request is to exempt the sales tax on those... to exempt that sales tax
  • You would get a tax credit of $30,000.
  • tax credit.
  • We would not reduce anyone's income taxes. ...would not reduce anyone's income taxes.
  • aren't paying tax here anyway.
TX

Texas 89th Regular

Ways & Means May 12th, 2025

Ways & Means

Transcript Highlights:
  • The bill would extend the franchise tax credit, repeal the sales tax exemption, and tie the franchise
  • The law allows a taxing unit to levy an unrestricted INS, interest and sinking property tax rate, to
  • Senate Bill 1453 does permit a taxing entity to adopt an INS rate higher than the minimum tax rate if
  • a hard time affording their taxes.
  • Adjusting their INS tax rates.
MN

Minnesota 2025-2026 Regular Session

Taxes Committee Meeting - 2025-05-06

Taxes

Transcript Highlights:
  • tobacco products tax and the alcohol excise tax.
  • This would adjust the income limit currently applying to projects receiving the tax credit.
  • tax bill.
  • The state has a tax, the county has a tax, and now the city has a tax.
  • That tax base erosion is causing tax increases.