HB 7376 Summary

• Exempts out-of-state businesses and employees performing disaster-related or emergency-related work on critical infrastructure from state registration, property tax, state income tax, tax filings, and licensing requirements during the disaster response period.

• Defines "disaster response period" as beginning 10 days before a Governor's proclamation or presidential declaration of disaster/emergency and ending 60 days after the declared end of such disaster or emergency.

• Requires out-of-state businesses to provide written statements to the Secretary of the State upon request, including their name, state of domicile, principal business address, telephone number, email address, federal tax identification number, and date of entry into the state.

• Disregards all disaster-related or emergency-related activities of out-of-state businesses for purposes of income tax or gross receipts tax filings, including combined unitary tax returns.

• Restores all normal state tax and regulatory requirements to out-of-state businesses or employees who remain in the state after the disaster response period ends.