Senate Finance - 2026-02-19 - 3:15PM

Finance Committee · February 20, 2026

0:00/43m

43:11

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10:00

20:00

30:00

43:11

Opening and informal remarks

0:00 → 0:59(60s)

Meeting opened with informal greetings and brief banter among committee members; no substantive policy discussion in this segment.

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Speakers:Unidentified Speaker 1Unidentified Speaker 2Unidentified Speaker 3

The Finance Committee discussed a proposed state net investment income (NIIT) or "wealth proceeds" tax, estimates of revenue under different thresholds, treatment of capital gains, residency/apportionment concerns, and potential use of proceeds for school construction; staff will consult the Tax Department and Treasurer’s Office for implementation questions.

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Transcript

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