Transcript Highlights:

• This tax would be in effect until the latter of either 30 years after the last issued bonds or the latter
• </c> sales tax, matters. sales tax, matters.
• Whether they're income taxes, sales taxes, or wealth taxes, these policies have their merits and trade-offs
• tax.
• </c> through this tax. through this tax.

Bills: HF4841, HF4234, HF3697

Keywords: Hennepin County, sales tax, health care facilities, ballpark improvements, tax revenue, HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund

Transcript Highlights:

• And one piece of that puzzle is that every state gets a set amount of federal tax-exempt bonds.
• is our tax exempt bonding bill and just is our tax exempt bonding bill and just a<00:02:00.040><c> little
• </c> gets a set amount of federal tax-exempt gets a set amount of federal tax-exempt bonds.<00:02:17.920
• </c><00:02:37.959><c> need</c><00:02:39.080><c> in</c> tax-exempt bonds a project would need in tax-exempt
• <c> the</c> tax-exempt bond allocation because the tax-exempt bond allocation because the pool<00:02:

Bills: HF4234, HF3697, HF1183, HF4738

Keywords: HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund, Minnesota Statutes, time limit, claims, tax overpayment, taxation

Transcript Highlights:

• The federal government allocates a dollar amount to every state of tax-exempt bonds that they can essentially
• </c><00:16:11.040><c> exempt</c> amount to every state of tax exempt amount to every state of tax exempt
• I'm a public finance professional with DAD Davidson and a tax-exempt bond expert.
• These bonds, because the interest on the debt is exempt from federal income tax, provide a lower cost
• </c> federal tax exemption. federal tax exemption.

Bills: HF3217, HF2252

Keywords: bioindustrial facilities, economic development, renewable energy, advanced biofuels, state funding, HF2252, Minnesota bonding, volume cap, private activity bonds, tax-exempt bonds, public facility bonds, public facilities pool, unified pool, bond allocation, municipal finance, bond cap, housing bonds, residential rental projects, manufacturing bonds, enterprise zone bonds

Transcript Highlights:

• This would limit the property tax exemption for charitable rental housing.
• Section 20 provides a property tax exemption for taxes paid in 2021 and 2022 on the Red Lake Nation College
• Those are the property tax exemption, the attachment, and appurtenances.
• Property tax exemptions that are unchanged from how they were heard in committee.
• You know, I'm happy that we did the property tax exemptions for tribal nations.

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><00:10:12.720><c> in</c> tax exemption that was heard in tax exemption that was heard in committee
• </c> article 3 extends the property tax article 3 extends the property tax exemption<00:13:50.240><c>
• ><c> charitable</c><00:14:19.279><c> rental</c> tax exemption for charitable rental tax exemption for
• exemptions for property tax exe exemptions for properties<00:14:49.760><c> owned</c><00:14:50.000><c
• c> parcels</c> property tax exemption for five parcels property tax exemption for five parcels of<00:

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:

• the opportunity to present HCR35. to amend the Internal Revenue Code to make spaceports eligible for tax-exempt
• private activity bonds.
• to tax-exempt private activity bonds. I understand your question.
• Currently, the IRS permits tax-exempt private activity bonds for specific infrastructure. and economic

Bills: SCR3, SCR30, SB2375, HCR35

Keywords: cowboy culture, Bandera, cultural heritage, historical significance, Texas identity, Birding Capital, Matagorda County, wildlife, conservation, Texas Legislature, statutory revision, code corrections, laws omitted, legislative updates, spaceports, tax-exempt bonds, aerospace investment, Texas space economy, Federal legislation, 1185

Transcript Highlights:

• So, this is a tax-exempt bonding bill.
• So, this is a tax-exempt bonding bill.
• </c><00:01:20.240><c> The</c><00:01:20.479><c> lowincome</c> federal tax exempt bonds.
• The lowincome federal tax exempt bonds.
• of tax exempt bonds a lowered the amount of tax exempt bonds a project<00:01:42.159><c> would</c><00

Bills: HF4234, HF484, HF483, HF2614

Keywords: HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, natural gas, gas hookups, residential construction, energy policy, local control, state preemption

Transcript Highlights:

• and ad valorem tax exemptions.
• However, in some cities, municipally owned utilities adopt increased rates charged to tax-exempt entities
• to recover lost revenue as a result of those tax exemptions.
• or ad valorem tax exemption that is higher than the rate established for other entities that receive
• The bill would ensure that our tax-exempt entities actually get to enjoy the benefit of these exemptions

Bills: HB630, HB685, HB1318, HB2692

Keywords: outboard motors, certificate of title, vessel regulation, Texas Parks and Wildlife Code, marine documentation, HB 685, municipal utility rates, water rates, sewer rates, local government code, rate discrimination, tax-exempt entities, sales tax exemption, ad valorem tax exemption, nonprofit organizations, charitable organizations, municipal water service, municipal sewer service, utility billing, public utilities

Summary: The Senate Committee on Water, Agriculture, and Rural Affairs met with no quorum at the start, but later reached quorum and took up several bills. House Bill 2692, codifying the San Antonio River Authority’s enabling legislation and making non-substantive modernization changes, received brief supportive testimony from the River Authority and was left pending before later being voted out favorably. House Bill 685, which would prevent municipalities from charging higher water or sewer rates to tax-exempt entities than comparable customers, also drew support and was reported favorably. House Bill 1318, clarifying compensation issues when a municipality decertifies part of a retail water utility’s service area, was heard without opposition and passed out of committee. House Bill 630, exempting certain older outboard motors from title requirements, likewise passed and was placed on the local and uncontested calendar. The committee spent the most time on Senate Bill 2497, relating to filtration systems for certain public drinking water systems. Senator Zaffirini described the bill as a response to ongoing secondary water quality complaints, while TCEQ testified that such contaminants are aesthetic rather than health-based and that the water remains safe to drink if primary standards are met. The Texas Rural Water Association opposed the bill as written, arguing filtration may not solve most water quality problems and could be costly for small systems, while a consumer witness from Floresville supported it and described repeated rate increases and brown water after a filtration system was removed. Members discussed narrowing the bill through a committee substitute and emphasized the need for flexibility and technical expertise; the committee substitute was adopted and the bill was reported favorably, with Senator Kolkhorst later asking to be recorded as voting no. The committee also heard Senate Bill 2850, which would create a pollinator task force to study habitat loss, public education, and best practices for protecting bees and other pollinators. Senator Menendez and invited witness Erica Thompson of Texas BeeWorks highlighted major colony losses and the economic importance of pollinators to Texas agriculture, and Environment Texas and the Texas Beekeepers Association supported the measure. Members discussed monarch butterflies, native grasses, milkweed, and conservation efforts, and the bill was reported favorably and sent to the local and uncontested calendar. After testimony, the committee also voted out several pending items, including House Bill 5560 with a committee substitute addressing water-loss penalties and infrastructure improvements, and then recessed subject to the call of the chair.

Transcript Highlights:

• Which religious institutions qualify for sales tax and ad valorem tax exemption.
• However, in some cities, municipally owned utilities adopt increased rates charged to tax-exempt entities
• Tax exemptions.
• That qualify for a sales tax or ad valorem tax exemption that is higher than the rate established for
• This would ensure that our tax-exempt entities actually get to enjoy the benefit of these exemptions.

Bills: HB630, HB685, HB1318, HB2692

Keywords: outboard motors, certificate of title, vessel regulation, Texas Parks and Wildlife Code, marine documentation, HB 685, municipal utility rates, water rates, sewer rates, local government code, rate discrimination, tax-exempt entities, sales tax exemption, ad valorem tax exemption, nonprofit organizations, charitable organizations, municipal water service, municipal sewer service, utility billing, public utilities

Transcript Highlights:

• It's from LSA and the Department of Revenue, both concerning use tax and ...use tax and sales tax are
• This puts them in the same category so that if you exempt one, you exempt the other. I got you. No.
• This is a bill that right now for charter schools, they cannot issue bonds. cannot issue bonds.
• commission we have around here for state bonds.
• that they're issuing. tuition to repay the bonds that they're going to be in business to pay the bonds

Bills: HB315, HB152, HB205, SB184, SB209, HB309, SB280, SB267

Keywords: sales tax, local exemption, Consumer Price Index, tax holiday, clothing tax exemption, school supplies, sales tax exemption, baby supplies, baby formula, maternity clothing, menstrual hygiene products, use tax, exemption, tax conformity, tangible personal property, Alabama Department of Revenue, retail tax, consumer use tax, nonresident, religious publications

Transcript Highlights:

• I mean, you’re going to bond to how much? How much are you going to get in bond? $5.73 million?
• And we’re going to bond this with 30-year bonds. Markita, is that correct? Yes.
• And we’re going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• And we're going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• I want to run a bond scenario.

Bills: SB152, SB145, SB190, HB247

Keywords: 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, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent

Transcript Highlights:

• That's the money you draw from in the event that tax dollars don't materialize the way we're anticipated
• Your biggest tranche of reserves is down at the bottom, your tax stabilization reserve, which is at $2.5
• operating reserve, whatever your risk tolerance level is for that, if, let's say, corporate income taxes

Bills: SB152, SB145, SB190, HB247

Keywords: 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, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent

Transcript Highlights:

• They just did $92 million in bonding. Yeah, gave them authority.
• We're going to get corporate income tax data soon, and it was negative last fall.
• When revenues didn't come in like they did, because we dropped $300 million because corporate income tax
• Income taxes, yes. Yeah.
• And so if we don't hold our reserves, we just got our bonding rating, and you hold your reserves at 28%

Bills: SB190, HB247, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Transcript Highlights:

• It's almost $2.5 million over a 30-year bond for a $5 million piece of equipment.
• And specifically for any of those projects that were funded with severance tax bonds, Specifically, for
• any of those projects that were funded with severance tax bonds, the Board of Finance wanted to ensure
• bonds.
• bonds.

Bills: SB190, HB247, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Transcript Highlights:

• I mean, you're going to bond to how much? How much are you going to get in bond? $5.7 million? Yes.
• And we're going to bond this with 30-year bonds. Markita, is that correct? Yes.
• And we're going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• And we're going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• I want to run a bond scenario.

Bills: SB152, SB145, HB2, SB190, HB247

Keywords: 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, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent

Summary: The committee first set aside Senate Bill 247 because the Attorney General and bill sponsor were not present. It then heard Senate Bill 190, which would authorize bonding to help Healer Regional Medical Center in rural southwest New Mexico replace an aging linear accelerator used for cancer radiation treatment. The sponsor and hospital representatives said the equipment is at end of life and that replacing it would keep patients from having to travel long distances for care. The committee adopted a friendly amendment adding an emergency clause, but members then questioned the financing, noting the $5.7 million cost, the lack of local matching funds, and the fact that the equipment’s useful life is only about 10 years while the proposed bonds would run for 30 years. After extended discussion about interest costs and timing, committee members explored alternatives to reduce the state’s borrowing burden, including using existing rural health care funds, federal grant money, or structuring a county lease arrangement rather than issuing bonds. The bill was left pending while staff and the sponsor were asked to look into those options and report back. The committee also briefly heard from the Department of Justice about concerns raised by the Public Education Department regarding Gallup-McKinley and online learning companies; DOJ said investigations were ongoing but it could not say whether a lawsuit would be filed. Members expressed concern about possible large liabilities and discussed bringing the Attorney General and PED Secretary back in executive session. The meeting then shifted to House Bill 2 and related budget matters. Staff walked members through numerous line items, flagging some as potentially duplicative, unspent, or in need of further review, including attorney general litigation funds, rural health, education, transportation, tourism, energy, and economic development items. The committee adopted the “grow” spreadsheet after members said they had reviewed it, and then discussed reserve targets. Staff presented several scenarios to raise reserves from about 26.7% toward the 27.5% target, including cuts to natural resource, environmental, higher education, and transportation appropriations. Members generally favored a flexible “scenario five” approach and were reluctant to sweep older capital outlay projects immediately, preferring to wait until the capital outlay changes bill is resolved. The committee planned to continue the budget discussion the next morning.

Transcript Highlights:

• They just did $92 million in bonding. Yeah. Gave them authority.
• We're going to get corporate income tax data soon, and it was negative last fall.
• When revenues didn't come in like they did, because we dropped $300 million because corporate income tax
• and GRT dropped in the income taxes, yes.
• And so if we don't hold our reserves, we just got our bonding rating, and you hold your reserves at 28%

Bills: SB190, HB247, HB2, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Summary: The committee reviewed drafting instructions and spending sheets for House Bill 2, focusing on both recurring and nonrecurring appropriations, reserve levels, and several late changes. Staff explained that the package would leave reserves around 28% under the current scenario, with the possibility of rising to about 30% if a separate natural disaster reform bill is enacted. Members discussed how disaster funding would be handled through a replacement Section 8 and the appropriation contingency fund, and whether the operating reserve could be tapped with explicit authorization. There was also clarification on fund types, including other state funds and interagency transfers, and on how line items were reflected in the spreadsheets. A major point of debate was how to offset additions by reducing funding elsewhere. Members discussed shifting money from the state fair/multipurpose arena request, the Office of Natural Resources Trustee, and other capital items to accommodate changes. Several senators raised concerns about cutting the Office of Natural Resources Trustee too deeply and about the purpose of those funds, including possible land purchases and floodplain mitigation in Ruidoso. The committee also discussed whether the state fair money should be reduced, with some members supporting a $25 million restoration and others preferring to leave the executive’s request intact. Staff noted that some reductions were not true cuts but swaps or offsets, such as moving local road money and using excess capital outlay reserves. Other corrections and policy items were addressed, including an increase for UNM and NMSU stadium funding, a correction to a project distribution on line 105, and funding for the Health Council. Members also noted that the public employee 1% raise was no longer funded because recurring capacity was used elsewhere, and that no COLA was included. After discussion, Senator Woods moved to adopt the drafting instructions, Senator Gonzalez seconded, and the motion passed without objection. The committee then directed staff to prepare a catch-up cleanup version of House Bill 2 for later review and said House Bill 8 would be taken up the next morning.

Transcript Highlights:

• of the original bond.
• That it would "repurpose" bond funds from the district's 2018 bond program.
• Bonds cannot be used for operating expenses, correct, under the INS tax rate.
• Every bond is an increase in taxes, and Texas has a...
• A little bit quicker, and that's why we see the next bond election, you know, a no tax increase bond

Bills: SB414, SB621, SB2395

Keywords: bond election, ballot proposition, debt obligation, municipal bonds, local government finance, property tax, ad valorem tax, school district bonds, county bonds, special taxing district, voter information document, public debt, municipal finance, tax-supported debt, election ballot language, bond transparency, homestead tax impact, capital improvements, general obligation bonds, public bank

Transcript Highlights:

• You've got the extend property tax exemption period... You ready? Yeah.
• SB 58 recognizes that reality by aligning property tax exemption timelines with the actual financial
• And there is an EV tax, or not a tax, but an EV registration fee that was attached to the bonding bill
• So, for example, we do not tax feed for livestock in New Mexico. But it's an exemption.
• There are lots of things in our tax code like that. There's lots of exemptions.

Bills: SB36, SB88, SB92, SB97, SB48, SB55, SB58, SB76, SB93, SB89, SB60

Keywords: quantum technology, tax credit, infrastructure, economic development, New Mexico, corporate tax, research and development, innovation, foster care, income tax, guardianship, youth services, financial relief, affordable housing, gross receipts tax, tax deduction, construction materials, multifamily housing, low income, tax credits

Bills: SB48, HB250, SB17

Keywords: State Fairgrounds District, fairgrounds bonds, public financing, bond authorization, gross receipts tax, gaming tax, tax-backed bonds, infrastructure funding, Albuquerque fairgrounds, State Fair Tid, economic development, municipal bonds, revenue pledge, capital projects, New Mexico finance, technology, innovation, advisory board, entrepreneurial support, stakeholder representation

Transcript Highlights:

• We pay over $300,000 a year in gross receipts taxes, $45,000 in property taxes, and lots of ancillary
• taxes.
• FFL, you are also exempt.
• exemption.
• Exemption actually permit?

Bills: SB48, HB250, SB17

Keywords: State Fairgrounds District, fairgrounds bonds, public financing, bond authorization, gross receipts tax, gaming tax, tax-backed bonds, infrastructure funding, Albuquerque fairgrounds, State Fair Tid, economic development, municipal bonds, revenue pledge, capital projects, New Mexico finance, technology, innovation, advisory board, entrepreneurial support, stakeholder representation