SB 275

This bill, known as the "Missouri Nuclear Remediation Act," establishes a tax credit program for individuals and businesses located within 25 miles of EPA-designated Superfund sites contaminated with nuclear or radioactive waste. Beginning January 1, 2026, qualified taxpayers can claim a non-transferable tax credit equal to 50% of costs incurred for specific remediation activities, including soil cleanup to remove uranium, thorium, or radium residues; installation of water treatment systems like reverse osmosis; and testing of soil and water for radioactive contaminants. The program is capped at $5 million in total credits per fiscal year and will automatically expire on December 31, 2032, unless reauthorized by the legislature, providing financial incentives to address environmental contamination in communities near nuclear waste sites.