Senate Bill 498 Summary

• Exempts nonresident businesses and employees from corporate income tax, franchise tax, unemployment tax, and Secretary of State registration requirements when performing disaster-related work at the request of critical infrastructure companies during a declared disaster response period.

• Defines disaster response period as beginning 10 days before a disaster declaration and ending on the earlier of 60 days after declaration expiration or 180 days after declaration issuance.

• Requires critical infrastructure companies to notify the Department of Revenue within 90 days of the disaster response period expiration with lists of nonresident businesses and employees who performed disaster-related work and amounts of compensation paid.

• Requires nonresident businesses to notify the Department of Revenue within 90 days of concluding disaster-related work, with failure to submit timely notification forfeiting all tax relief.

• Authorizes the Secretary of Revenue to issue temporary motor fuel licenses during disaster declarations without requiring applicants to file bonds or letters of credit or obtain Secretary of State authorization.