HB 1277

AN ACT TO BE KNOWN AS THE "NUCLEAR IN LIEU TAX DISTRIBUTION EQUITY ACT"; TO AMEND SECTION 27-35-309, MISSISSIPPI CODE OF 1972, TO REVISE THE FORMULA PROVIDING FOR THE ALLOCATION OF THE PROCEEDS OF THE NUCLEAR IN LIEU TAX PAID TO THE DEPARTMENT OF REVENUE BY THE GRAND GULF NUCLEAR POWER PLANT; TO REQUIRE THE DEPARTMENT OF REVENUE TO MAKE ANNUALLY ALLOCATION ADJUSTMENTS BASED ON ECONOMIC IMPACT STUDIES AND ENVIRONMENTAL RISK FACTORS; TO REQUIRE THE DEPARTMENT TO PREPARE AN ANNUAL REPORT ON THE NUCLEAR IN LIEU TAX REVENUE COLLECTED AND ALLOCATED UNDER THIS ACT; TO REQUIRE THE REPEAL OF THIS ACT ON JULY 1, 2031; AND FOR RELATED PURPOSES.