Nuclear generating plants; revise provisions related to distribution of payments made in lieu of ad valorem taxes.

Summary

The bill changes the formula the Department of Revenue uses to divide the payments that replace ad valorem taxes from the Grand Gulf Nuclear Power Plant. It sets assessment methods, establishes minimum payment levels, and earmarks part of any excess for Claiborne County, with conditions tied to the plant’s emergency‑plan compliance. The goal is to make the distribution of these funds more equitable for local jurisdictions.

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