Bill > HB5119

This bill creates a new sales and use tax exemption for items used in the construction of nuclear projects in Texas. The bill defines "nuclear project" broadly to include nuclear power generation sites, nuclear reactors, nuclear reactor manufacturing facilities, nuclear fuel reprocessing facilities, and uranium enrichment facilities. Specifically, any taxable item that is either incorporated into a nuclear project or consumed during its construction will be exempt from state sales and use taxes. The tax exemption applies prospectively, meaning it will not affect tax liabilities that accrued before the bill's effective date. The bill will take effect immediately if it receives a two-thirds vote in the Texas legislature, or otherwise will become effective on September 1, 2025. This legislation aims to potentially incentivize nuclear energy infrastructure development by reducing the tax burden associated with constructing nuclear-related facilities in Texas.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5119