S 4535

This bill amends New York's real property tax law to explicitly include spent nuclear fuel rods, along with the spent fuel pools and dry cask storage systems that contain them, within the definition of real property for tax 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, the bill would subject them to local property taxation, potentially providing revenue to municipalities hosting decommissioned nuclear facilities while ensuring these hazardous materials remain on local tax rolls during their long-term storage period.