Transcript Highlights:

• This inclusion of innovation hubs and venture studios is critical.
• working with the state to see how they can partner if we had more flexible and dynamic sources of capital
• When I was in venture capital, we helped execute an investment in a company called Entropica out of Singapore
• galvanize them, host events, and help with the navigation from going from technical assistance to capital
• My background in venture capital, where I got an early taste of being able to invest directly in quantum-related

Bills: SB151, HB8, SB177

Keywords: corporate income tax, franchise tax, gross receipts tax, tax credit, tax deduction, controlled foreign corporation, CFC, bonus depreciation, interest expense, apportionment, unitary group, high-wage jobs tax credit, local journalism, news media, newspaper printer, physician incentive, health care workforce, affordable housing, multifamily housing, construction materials

Bills: SB151, HB8, SB177

Keywords: corporate income tax, franchise tax, gross receipts tax, tax credit, tax deduction, controlled foreign corporation, CFC, bonus depreciation, interest expense, apportionment, unitary group, high-wage jobs tax credit, local journalism, news media, newspaper printer, physician incentive, health care workforce, affordable housing, multifamily housing, construction materials

Transcript Highlights:

• Capital-intensive industries like energy, manufacturing, and infrastructure are especially sensitive
• Meanwhile, peer states are moving in the opposite direction, attracting capital, not taxing it away.
• Is that the capital deduction and accelerated depreciation, or explain necktie to me?
• million allocated to the UNM School of Medicine, appropriation for a New Mexico State University capital
• They’re to finish a capital project at UNM, and they’re to finish a capital project at another higher-ed

Bills: SB151, HB8, SB177

Keywords: corporate income tax, franchise tax, gross receipts tax, tax credit, tax deduction, controlled foreign corporation, CFC, bonus depreciation, interest expense, apportionment, unitary group, high-wage jobs tax credit, local journalism, news media, newspaper printer, physician incentive, health care workforce, affordable housing, multifamily housing, construction materials

Transcript Highlights:

• It's sections 12 and three is the Oklahoma Capital Investment Board.

Bills: SB134, SB1356, SB1407, SB1611, SB1639, SB169, SB1722, SB182, SB1870, SB2039, SB432, SB609, SB715, SB716

Keywords: retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, state government, OMES, Office of Management and Enterprise Services, Department of Labor, Department of Veterans Affairs, Department of Rehabilitation Services, civil service, human capital management, state employee disputes, whistleblower, veterans employment, veterans placement, fleet management, state fleet, motor vehicles

Transcript Highlights:

• <00:54:37.680> to<00:54:38.000> support Development and tourism to support one-time capital

Bills: SB2359, SB2169, SB2170, SB2263, SB2360, SB3084

Keywords: time share, registration, renewal, consumer protection, real estate, SB2170, North Kohala, Kynnersly East Site, Agribusiness Development Corporation, ADC, general obligation bonds, GO bonds, agricultural development, land acquisition, fee simple, Hawaii Island, Big Island, rural development, food security, sustainable agriculture

Summary: The joint House Committee on Tourism and House Committee on Agriculture and Food Systems heard House Bill 2585 on agricultural tourism. The bill would create statewide uniform standards for agritourism in counties that adopt such ordinances, require registration with county planning departments, and require agritourism to remain secondary and accessory to farming. The Department of Agriculture and Biosecurity supported the measure but recommended amendments to make the language more consistent and to ensure agritourism remains tied to agricultural activity; the Hawaii Farm Bureau also supported the bill with the same general guardrails, while the White Tourism Authority offered comments. A member raised concerns about a trailer/roadside-stand provision, and the department ultimately said it did not support that specific language. The chairs then recommended passage with amendments, including a definition of principal farm operations, clarification that agritourism must not interfere with on-farm operations, revised termination rules after 60 consecutive days without active production with notice and cure procedures, restoration of the department’s proposed change to the trailer language, and technical corrections. HB 2585 passed both committees unanimously with excused members noted. The committees then heard House Bill 2602 on sustainable tourism infrastructure, which would establish a matching grant program in the Department of Business, Economic Development and Tourism for capital projects that improve sustainability and climate resilience in the visitor industry. The Chamber of Commerce Hawaii testified in support. The chair recommended passage with a committee report note estimating a roughly $5 million cost and a date correction, and both committees adopted the recommendation unanimously. House Bill 1948 on single-use plastics was also heard. It would prohibit lodging establishments from providing certain personal care products in small plastic containers and impose civil penalties. The Department of Land and Natural Resources stood on its testimony, and the Department of Health supported the waste-reduction goal but suggested the language belonged in a different chapter. The chair recommended an HD1 that would omit lotions from the definition of personal care products, adopt the Department of Health’s proposed clarification about reusable containers, and correct the date; the measure passed both committees unanimously. Finally, House Bill 1960 on human trafficking was heard. The bill would require the Attorney General to develop human trafficking awareness training for transit accommodation workers, require employers to provide training, keep records, post signage, adopt prevention policies, and report suspected trafficking, with penalties and rulemaking by the Department of Labor and Industrial Relations. The Department of Labor Relations supported the intent but said the Department of Law Enforcement should be the lead agency, and the Hawaii Hotel Alliance strongly supported the bill while asking for amendments to recognize existing industry programs and apply the requirements equitably. The chair recommended an HD1 incorporating a July 1, 2027 deadline for training materials and employer training, adopting the hotel industry and DLE-related amendments, and making technical corrections; HB 1960 passed both committees unanimously.

Transcript Highlights:

• in venture capital companies.
• I know that you said we've had tremendous growth in the venture capital investments, but what kind of
• So, we've seen roughly $300 million come in in venture capital.
• We see More Oklahomans investing in Oklahoma venture capital than ever before.
• There's a record number of Oklahoma venture capital investing in Oklahoma companies now over now over

Bills: HB4028, HB4029, HB4059, HB4063, HB4073, HB4074, HB4075, HB4076, HB4077, HB4078, SB1130, SB1131, SB1132, SB1133, SB1134, SB1142

Keywords: tax deduction, venture capital, economic development, Oklahoma, investment, ALS, funding, healthcare, State Department of Health, emergency declaration, public finance, state budget, financial regulations, monetary policy, referendum, constitutional amendments, special election, Oklahoma legislature, public voting, recovery fund

Transcript Highlights:

• capital entities from their state Taxable income.
• So the essence of this, it allows an investor to put him $50 million dollars into a qualified Capital
• But since we passed this five years ago, there've been more venture capital growth in those five years
• There've been more Oklahomans Investing in Oklahoma venture capital than ever before, measured in the
• And there's a record number of Oklahoma venture capital investing in Oklahoma companies now over 100

Bills: HB4028, HB4029, HB4059, HB4063, HB4073, HB4074, HB4075, HB4076, HB4077, HB4078, SB1130, SB1131, SB1132, SB1133, SB1134, SB1142, HB4028, HB4029, HB4059, HB4063, HB4073, HB4074, HB4075, HB4076, HB4077, HB4078, SB1130, SB1131, SB1132, SB1133, SB1134, SB1142

Keywords: tax deduction, venture capital, economic development, Oklahoma, investment, ALS, funding, healthcare, State Department of Health, emergency declaration, public finance, state budget, financial regulations, monetary policy, referendum, constitutional amendments, special election, Oklahoma legislature, public voting, recovery fund

Bills: SB1042, SB1043, SB1067, SB1180, SB1221, SB1292, SB1503, SCR1033

Keywords: public funds, virtual currency, bitcoin, investment, Arizona Strategic Digital Asset Reserve Act, state treasurer, retirement system, state payments, cryptocurrency, Arizona law, payment methods, government transactions, tax lien, property tax lien, real property tax lien, foreclosure, right of redemption, redeem, excess proceeds, county abatement lien

Summary: The House Ways and Means Committee considered a series of Senate bills and one concurrent resolution, with several measures involving virtual currency, county tax liens, tax conformity, and retirement system investments. The chair announced that Senate Bill 1503 would be held at the sponsor’s request and noted this was likely the committee’s last meeting of the session. The committee also heard testimony on Senate Bill 1042, which would allow state treasurer and retirement system funds to invest up to 10% in virtual currency holdings, and Senate Bill 1043, which would allow state agencies to accept virtual currency payments through agreements with providers. Members raised concerns about volatility and government involvement, but both bills were described as permissive rather than mandatory and were returned with due pass recommendations by 5-3 votes. The committee then took up Senate Bill 1067, dealing with county cleanup assessments for blighted properties in unincorporated areas. Chairman Olson offered an amendment removing the bill’s property-tax-bill mechanism and instead preserving county liens so cleanup costs could survive a tax lien sale. County representatives and the County Supervisors Association supported the amended approach as a way to recover costs and make counties whole. The amendment was adopted unanimously, and the bill as amended passed 8-0. Senate Bill 1292, clarifying that the Public Safety Personnel Retirement System’s 5% voting-stock cap applies to publicly traded corporations, also passed with broad support after testimony from PSPRS. Two tax-administration bills prompted extended debate. Senate Bill 1180 would direct the Department of Revenue to prepare tax forms based on conformity to the Internal Revenue Code unless the legislature enacts nonconformity; Chairman Olson’s amendment limited the presumption to provisions that reduce federal adjusted gross income or taxable income, reflecting concerns about automatic tax increases. The sponsor said the bill was meant to clarify legislative intent and prevent executive overreach, while several members said the amended version was materially different from the original. The amendment and the bill as amended both passed 5-3. Senate Bill 1221 would require DOR to notify the House Ways and Means and Senate Finance chairs before adopting new interpretations or applications of tax law that adversely affect taxpayers and to testify if hearings are held; an intent amendment was adopted, and the bill passed 5-3 amid debate over the meaning of “adversely.” Finally, Senate Concurrent Resolution 1033, which encourages the Arizona State Retirement System and PSPRS to monitor digital asset exchange-traded funds and report on feasibility, risks, and benefits before the next session, was approved 5-3. Some members objected to the use of “encourage” and to the underlying cryptocurrency policy, while supporters said the resolution simply sought information and did not mandate investment. The committee then adjourned.

Bills: HB2, HB3

Keywords: capital outlay, budget, infrastructure, appropriation, general obligation bonds, bond authorization, capital improvement, financial management, state treasury, 965, house, all

Transcript Highlights:

• The Finance Committee substitute for Senate Bill 240, as amended, appropriates $1.3 billion to capital
• Chair, could you, when we do capital outlay projects for... let's say a backhoe, or as opposed to maybe
• I mean, not for capital outlay bills again, but I just wanted to make that clear. Mr.
• He works in the Department of Finance Administration, and he actually heads up our capital outlay division

Bills: SB240

Keywords: capital outlay, capital projects, severance tax bonds, general fund appropriations, supplemental severance tax bonds, UNM School of Medicine, University of New Mexico, infrastructure, state buildings, courts, schools, higher education, road improvements, water and wastewater, tribal infrastructure, tribal projects, public safety, housing, emergency services, bonding

Transcript Highlights:

• Capital-intensive industries such as energy, manufacturing, and infrastructure are especially sensitive
• Meanwhile, peer states are moving in the opposite direction, attracting capital, not taxing it away.
• It allows local governments to contribute capital and things like infrastructure.
• You expect us to be back later today on capital outlay? Is that what I understand, Mr. Chairman?
• Quick note: At the call of the Chair, we'll return up here whenever the Senate passes the capital outlay

Bills: SB240

Keywords: capital outlay, capital projects, severance tax bonds, general fund appropriations, supplemental severance tax bonds, UNM School of Medicine, University of New Mexico, infrastructure, state buildings, courts, schools, higher education, road improvements, water and wastewater, tribal infrastructure, tribal projects, public safety, housing, emergency services, bonding

Transcript Highlights:

• They get 1% off the capital. I know what art in public places is, Mr. Chairman.
• We still had to put in our own capital, which has never happened before.
• We had to fund our own capital. We were left the fire and the reconciliation.
• So this is using public school capital outlay reserves, excess money that they can't mobilize to help
• pay for the capital outlay package for higher ed.

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:

• These are the changes to the capital outlay process.
• But yep, these are the changes to the capital outlay process.
• Improvement Plan, ICIP, to receive capital appropriations.
• Infrastructure Capital Improvement Plan, ICIP, to receive capital appropriations.
• project through a capital outlay process.

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:

• Industrial Carbon Reduction Act provides production tax credits at $85 per metric ton of CO2 reduced, plus capital
• existing list of covered industrial products that could be eligible for the production incentive and capital
• Additionally, the production incentive and the capital grant are focused towards eligible products, not
• From the Chamber's perspective, this bill is about leveraging incentives to attract private capital,
• In fact, there are four companies that have received funds from venture capital companies that have received

Bills: HB253, HB153, HB255, HB287, HB371, SB151, HB8, SB177

Keywords: distance learning, virtual instruction, public education, student enrollment, school funding, education standards, pandemic education response, low-carbon construction, construction materials, rebate, environmental product declaration, EPD, embodied carbon, carbon intensity, greenhouse gas emissions, decarbonization, industrial incentives, clean manufacturing, cement, concrete

Transcript Highlights:

• I mean, it's not going to be like providing capital police for us like ... >> Understood. >> Okay.

Bills: HB66, HB110, HB114, SB210, SB228, SB231, HB66, HB110, HB114, SB210, SB228, SB231

Keywords: elder abuse, financial exploitation, inheritance, joint tenancy, conviction effects, HB110, sunset bill, Alabama Sunset Law, State Board of Medical Examiners, Medical Licensure Commission, medical licensing, physician regulation, healthcare regulation, professional licensing, ethics law, state ethics code, public servants, board members, agency continuation, sunset review

Bills: HB2

Keywords: capital outlay, budget, infrastructure, appropriation, general obligation bonds, 965, house, all

Transcript Highlights:

• Investment and continued Capital Investment for maintenance purposes.
• Investment and continued Capital Investment for maintenance purposes.
• Investment and continued Capital Investment for maintenance purposes.
• show up as a potential earmark in a future capital budget bill.
• show up as a potential earmark in a future capital budget bill.

Bills: HF4470, HF2418, HF3417, HF3365, HF3463

Keywords: HF4470, Melissa Hortman, memorial, statue, memorial garden, State Office Building, Capitol Mall Design Framework, capital investment, appropriation, Capitol Area Architectural and Planning Board, Department of Administration, public art, commemorative monument, landscaping, artist selection, family consultation, Minnesota legislature, state building site, capital appropriation, political subdivisions

Transcript Highlights:

• Then they go through the statewide capital outlay process through the LFC in the fall.
• The Higher Education Department and the Capital Outlay Committee through the Higher Education Department
• So with bonding like this, will it be able to hit the ground a lot quicker than sometimes our capital
• This, will it be able to hit the ground a lot quicker than sometimes our capital outlay was able to get
• So with this, the bonds, that's different than capital outlay.

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Transcript Highlights:

• underlying science, Hypersonics, advanced energy, the underlying science for these programs is complex, capital
• My name is Alex Coglund, founder of New Mexico Venture Studios, a venture studio focusing on supporting

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Keywords: Capital City Revitalization - Room 113, Dec. 11, 2025; 9:30 AM, 925, all