The bill proposes the addition of Chapter 93, titled "Facilitating Business Rapid Response to State Declared Disaster Act of 2024," to Title 5 of the General Laws, which pertains to businesses and professions. This new chapter aims to define critical terms such as "critical infrastructure," "declared state disaster or emergency," "disaster or emergency-related work," "out-of-state emergency-related business," and "out-of-state employee." It specifies that out-of-state businesses and employees who come to the state to perform work on critical infrastructure damaged by 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 during the disaster period. This exemption also applies to certain state and local taxes or fees, including unemployment insurance and occupational licensing fees.

The bill also outlines the administrative procedures for out-of-state businesses and employees, such as providing notification to the department of business regulation upon entering the state for disaster or emergency response, and the requirements for those who choose to remain in the state after the disaster period. Out-of-state businesses and employees are required to pay transaction taxes and fees, except for use tax on temporarily used equipment. If an out-of-state business or employee stays in the state beyond the disaster period, they must comply with the state's normal standards for presence, residency, or business operation, which includes fulfilling any tax and business requirements. The act is set to take effect upon passage.