A 8427

This bill amends New York's real property tax law to explicitly include spent nuclear fuel rods, along with their storage systems (spent fuel pools and dry cask storage systems), within the definition of real property for taxation purposes. The amendment specifically applies to nuclear fuel that is stored pending disposal after a nuclear power station has permanently ceased operations. By classifying these radioactive materials and their storage infrastructure as real property rather than personal property, local municipalities will be able to assess and collect property taxes on these assets, potentially providing a new revenue source for communities hosting decommissioned nuclear facilities.