A bill for an act relating to nuclear electric generation facilities by creating sales and use tax exemptions and refunds, making appropriations to the state board of regents for establishing and maintaining a nuclear energy workforce, making penalties applicable, and including applicability and retroactive applicability provisions.
Signed by Governor. H.J. 1168.
Summary
The bill exempts Iowa sales and use tax on tangible personal property, certain digital products, and services that are directly used in the construction, repair, maintenance, or restart of nuclear electric generation facilities. The exemption applies to facilities that begin or restart commercial operation on or after Jan. 1, 2028, and it is retroactive to purchases made on or after Jan. 1, 2026. Facilities that fail to start operation within a set timeframe must repay the tax benefits.
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