Bill > SB275

This bill creates the Missouri Nuclear Remediation Act, which establishes a tax credit program for qualified taxpayers living within 25 miles of an EPA-designated superfund site with nuclear or radioactive waste. The tax credit allows individuals or businesses to claim 50% of their costs for specific nuclear remediation activities, including soil and water testing, soil remediation, and water treatment installations designed to remove contaminants like cesium-137, uranium, radium, and thorium. The tax credits are non-transferable, cannot be refunded, but can be carried forward for up to five subsequent tax years. The total amount of tax credits is capped at $5 million per fiscal year, and the program will automatically sunset on December 31, 2032, unless reauthorized by the Missouri General Assembly. Qualified activities focus on improving environmental safety by addressing contamination from nuclear and radioactive waste sites, with the Missouri Department of Natural Resources responsible for implementing and overseeing the program.

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https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=301