S 8075

This bill amends New York's real property tax law to classify spent nuclear fuel storage facilities—specifically spent fuel pools and dry cask storage systems—as taxable real property after a nuclear power plant has permanently ceased operations. The legislation explicitly makes these storage facilities assessable for property tax purposes, ensuring that communities hosting decommissioned nuclear plants can continue to collect property taxes on the infrastructure used to store radioactive waste awaiting further or final disposal. This addresses a potential tax revenue gap that could occur when nuclear plants shut down but continue to store spent fuel on-site, providing local governments with a mechanism to recover costs associated with hosting these long-term storage facilities.