NC H335

Creates new Article 6 of Chapter 166A establishing limited tax and licensing exemptions for out-of-state businesses and employees performing disaster or emergency-related work during declared states of emergency.

Defines "disaster period" as beginning within 14 days of a state of emergency declaration and extending 60 calendar days after the emergency expires; exempts out-of-state businesses and employees from state and local business taxes, income taxes, licensing, registration, and unemployment insurance requirements during this period.

Requires out-of-state businesses to notify the Department of Revenue of their presence for emergency work, including business name, domicile, federal tax ID, and contact information; registered state businesses must notify the department of any affiliated out-of-state businesses entering the state.

Maintains transactional taxes and fees such as sales and use tax, fuel tax, hotel tax, and car rental tax; exemption terminates after disaster period expires, after which normal state tax and licensing requirements apply.

Amends corporate and limited liability company statutes to clarify that activities under the new emergency response provisions do not constitute transacting business in the state; effective for taxable years beginning January 1, 2013, with property tax provisions effective July 1, 2013.