NY·Bill·2017 Regular Session
A 8746
Includes spent fuel rods from nuclear reactors within the definition of real property
Introduced 2017-10-25Last action 2018-03-20 — reported referred to ways and means
Sponsor
GALEF
Cosponsors
BUCHWALDPAULINJAFFEEGIGLIOLAWRENCEERRIGOCAHILLBLAKEFAHY
⚫
Died in Assembly committee
The 2017 Regular Session ended on 2018-12-31. This bill was introduced when the session adjourned and did not advance to enactment.
Legislative Progress
✗
Introduced
2
In Committee
3
Passed Chamber
4
Enacted / Signed
Summary
This bill amends New York's real property tax law to specifically classify spent nuclear fuel rods awaiting disposal as real property, making them subject to property taxation. By adding spent fuel rods to the legal definition of real property under section 102 of the tax law, the legislation enables local governments to assess and collect property taxes on these radioactive materials stored at nuclear facilities. This change would generate new tax revenue from nuclear power plant operators who store spent fuel on-site, potentially providing financial benefits to communities hosting nuclear facilities while the fuel awaits permanent disposal solutions.
Note
Historical import. Session: 2017-2018
Full Bill Text
http://legislation.nysenate.gov/pdf/bills/2017/A8746