HB 1318

The Nuclear in Lieu Tax Distribution Equity Act revises how Mississippi allocates tax payments from the Grand Gulf Nuclear Power Plant to ensure fairer distribution of revenues, with priority given to Claiborne County for hosting the facility and bearing its associated risks and environmental burdens. The bill requires the Department of Revenue to annually adjust the allocation formula based on economic impact studies and environmental risk factors, and mandates annual reporting on the nuclear tax revenues collected and distributed. This legislation is set to expire on July 1, 2031, unless extended by the legislature.