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.

The bill also includes a provision for a delayed repeal, stating that the exemption will be automatically repealed on July 1, 2029. It emphasizes the urgency of the situation by declaring an emergency, which allows the act to take effect immediately upon passage.

Statutes affected:
introduced version: 7-1-84