This bill establishes a temporary gaming tax exemption for gaming operator licensees located in areas declared as disaster areas 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 tax 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 department to disclose necessary return information for compliance.

The bill also includes a delayed repeal provision, which states that the exemption will be repealed effective July 1, 2029.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

Statutes affected:
introduced version: 7-1-84