This bill establishes a temporary gaming tax exemption for gaming operator licensees located in areas declared as disaster zones due to wildfires, specifically those designated by the governor in June 2024. The exemption will be in effect until July 1, 2029, allowing these operators to avoid gaming taxes during this period. Additionally, the bill mandates that the exemption be included in the tax expenditure budget, which will detail the annual aggregate cost of the exemption and authorize the relevant department to disclose necessary tax return information for compliance.

The bill also includes a provision for a delayed repeal, meaning that the exemption will automatically cease on July 1, 2029. Furthermore, it declares an emergency, indicating that the provisions of the act will take effect immediately upon passage, ensuring prompt relief for affected gaming operators in disaster areas.

Statutes affected:
introduced version: 7-1-84