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, and providing penalties.

This bill creates a new fund to support nuclear energy workforce training at state universities, requiring nuclear power facilities in Iowa to contribute a portion of their tax savings to it. In exchange for these contributions, the bill allows nuclear facilities to receive exemptions and refunds on sales and use taxes for equipment and services used in building or maintaining their plants. Facilities must register with the state, sign an agreement detailing their financial commitment, and submit annual reports to verify they are meeting their obligations. If a facility fails to make the required contributions, it must repay the tax exemptions and refunds it claimed for that year. The legislation also defines specific nuclear components and structures that qualify for these tax benefits and establishes reporting requirements for the state board of regents.