This bill establishes a temporary gaming tax exemption for gaming operator licensees located in areas declared as disaster zones due to wildfires. Specifically, it enacts a new section of the Gaming Control Act that exempts these licensees from the gaming tax until July 1, 2029, provided the area was declared a disaster by the governor in June 2024. The bill also mandates that the exemption be included in the tax expenditure budget, which will detail the annual aggregate cost of the exemption and allow the department to disclose necessary return information for compliance.

Additionally, the bill includes a provision for a delayed repeal of the exemption, set to take effect on July 1, 2029. It emphasizes the urgency of the matter by declaring an emergency, allowing the act to take effect immediately upon passage.

Statutes affected:
introduced version: 7-1-84