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Budget Revenue Committee reports nine tax bills to Finance, Calendar
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Summary
At its first meeting of 2026, the Budget Revenue Committee voted to report nine tax-related bills — from a public safety surcharge and veterans housing fund to school-supply sales-tax relief and a proposal to repeal a precious‑metals sales-tax exemption — to the next committees for consideration.
The Budget Revenue Committee met at the start of 2026 and voted to report nine tax-related bills to either the Finance Committee or the Calendar for further consideration.
The panel advanced proposals that would amend the Tax Law or related statutes on a range of topics: S196 (public safety surcharge); S939 (gifts to an affordable-housing fund for veterans and seniors); S985A (sales tax on certain oral-hygiene products); S1140A (a tax on noise emissions from nonessential helicopters in large cities); S1145 (higher authorized resident taxpayer contributions to family tuition accounts); S1527 (a sales-tax exemption for energy storage); S4601 (a temporary sales-tax exemption for school supplies); S7641 (designating opioid excise tax revenue to a drug treatment and public education fund); and S78 75 (changes to the sales-and-use-tax exemption for certain precious-metal bullion held for investment).
Most bills were advanced on unanimous or broadly unopposed voice votes. The committee’s transcript records motions and members saying “Aye,” with individual roll-call votes not recorded in the meeting transcript. Where the transcript notes a committee action, it reports the item to either Finance or, in one case, to the Calendar.
Votes at a glance S196 — Sponsor: Senator Martinez. Subject: public safety surcharge; outcome: reported to Finance Committee. S939 — Sponsor: Senator Sanders. Subject: gifts to affordable-housing fund for veterans and seniors; outcome: reported to Finance Committee. S985A — Sponsor: Senator Brooke. Subject: sales tax on certain oral‑hygiene products; outcome: reported to the Calendar. S1140A — Sponsor: Senator Gonzales. Subject: tax on helicopter noise emissions in cities of 1,000,000+ population; outcome: reported to Finance Committee (Sen. Adakumar joined discussion). S1145 — Sponsor: Senator Gutierrez. Subject: taxpayer contributions to family tuition accounts; outcome: reported to Finance Committee. S1527 — Sponsor: Senator Parker. Subject: sales-tax exemption for energy storage; outcome: reported to Finance Committee. S4601 — Sponsor: Senator Garnet. Subject: temporary sales-tax exemption for school supplies; outcome: reported to Finance Committee. S7641 — Sponsor: Senator Fernandez. Subject: designate opioid excise revenue for drug treatment and education fund; outcome: reported to Finance Committee. S78 75 — Sponsor: Senator Giannares. Subject: sales-and-use-tax exemption for precious‑metal bullion held for investment; outcome: reported to Finance Committee.
What’s next: Each bill will move to the committee named in the transcript (Finance or Calendar) for further hearings, amendment and potential floor action.
