The bill proposes the addition of a new chapter, Chapter 93, titled "Facilitating Business Rapid Response to State Declared Disaster Act of 2024" to Title 5 of the General Laws, which deals with businesses and professions. This chapter aims to define terms such as "critical infrastructure," "declared state disaster or emergency," "disaster or emergency-related work," "disaster period," "out-of-state business," "out-of-state employee," and "registered business in the state." It specifies that out-of-state businesses and employees that come to the state to perform work on critical infrastructure during a declared disaster or emergency will not be required to register, file, or remit state or local taxes, or be subject to state telecommunications technician, contractor, or installer licensing requirements, provided they are under the supervision of a registered business in the state. This exemption also includes certain state and local taxes or fees, licensing, and regulatory requirements.

The bill also outlines the obligations, rights, and duties of out-of-state businesses and employees, including the requirement to pay transaction taxes and fees, except for certain exemptions during the disaster period. It states that if an out-of-state business or employee remains in the state after the disaster period, they will be subject to the state's normal standards for establishing presence or residency and will be responsible for any ensuing business or employee tax requirements. Additionally, the bill requires out-of-state businesses to provide certain information to the department of business regulation upon request and establishes administrative procedures for notification and intent to remain in the state. The act would take effect upon passage, exempting these out-of-state entities from certain requirements during disaster response efforts.