S 1562

This bill authorizes municipalities that host decommissioned nuclear power plants to impose an annual "stranded nuclear waste fee" on the plant owners based on the amount of spent nuclear fuel stored on-site. The fee would be calculated by multiplying the total kilograms of spent fuel by a per-kilogram rate set by local ordinance, not to exceed $15 per kilogram. The revenue generated from this fee must be used exclusively to reduce the municipality's property tax levy, providing financial relief to local taxpayers who bear the burden of hosting radioactive waste storage facilities that no longer generate electricity or provide economic benefits to the community.