NY·Bill·2019 Regular Session
A 5404
Includes certain spent nuclear fuel within the definition of real property
Introduced 2019-02-11Last action 2020-01-08 — referred to ways and means
Sponsor
GALEF
Cosponsors
None⚫
Died in Assembly committee
The 2019 Regular Session ended on 2020-01-08. 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 classify spent nuclear fuel from decommissioned nuclear power plants as real property for tax purposes. Specifically, it adds spent nuclear fuel that is awaiting disposal (whether stored in fuel pools or dry cask storage systems) to the definition of real property, but only after a nuclear power station has permanently ceased power operations. The key impact is that this spent fuel would become subject to local property taxes, providing a potential revenue source for municipalities hosting closed nuclear facilities that continue to store radioactive waste on-site. The change would take effect on January 1, 2021.
Note
Historical import. Session: 2019-2020
Full Bill Text
http://legislation.nysenate.gov/pdf/bills/2019/A5404