Senate Bill 499 Summary

• Creates the "Facilitating Business Rapid Response to State Declared Disasters Act of 2015" to provide tax and regulatory relief for out-of-state businesses and employees responding to declared disasters or emergencies in Oklahoma.

• Out-of-state businesses performing disaster-related work during the disaster response period (10 days before through 60 days after the declaration) are exempt from state and local business registration, licensing, income tax filing, unemployment insurance, and ad valorem tax on temporarily-brought equipment.

• Out-of-state employees are exempt from establishing residency or presence that would trigger income tax filing, withholding obligations, or other state and local tax requirements during the disaster response period.

• Out-of-state businesses and employees remain subject to transaction taxes and fees including sales tax, fuel tax, hotel tax, and car rental tax on purchases for consumption in the state during the disaster response period.

• Out-of-state businesses and employees remaining in Oklahoma after the disaster response period become subject to standard state requirements for business presence and residency, including applicable registration, licensing, and tax obligations.