Bill > HB1277

This bill, known as the "Nuclear In Lieu Tax Distribution Equity Act," revises how payments from the Grand Gulf Nuclear Power Plant are distributed, with a focus on ensuring Claiborne County, which hosts the plant and bears associated risks, receives a larger and more equitable share. The bill amends existing law to change the formula for allocating these "in lieu tax" payments, which are paid by the nuclear plant operator instead of traditional property taxes. Starting in fiscal year 2027, at least 70% of the total annual revenue from this tax must go to Claiborne County, with specific allocations for public infrastructure, safety, economic development, the Claiborne County School District, and the City of Port Gibson. The Department of Revenue is required to annually adjust these allocations based on economic impact studies and environmental risk factors and must also prepare a yearly report detailing the collected and allocated tax revenue, which will be submitted to the Legislature and made public. This act is set to expire on July 1, 2031.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1277.xml