Nuclear generating plants; revise distribution of payments made in lieu of ad valorem taxes.
HB 1002 revises how payments from nuclear generating plants (exempt from local property taxes) are distributed. Instead of paying county or municipal taxes, these plants pay a portion of their assessed value to the state, with specific annual amounts directed to Claiborne County and Port Gibson. Starting in 1991, $3.04 million annually goes to Claiborne County for any authorized county purpose (subject to maintaining emergency plan support), and $160,000 annually goes to Port Gibson for municipal purposes. The bill ensures these payments are separate from ad valorem tax revenue limits and includes conditions tied to emergency planning commitments.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025
Last action Feb 4, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 17, 2025
Committee
Referred To Ways and Means
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeffery Harness
DDemocratic
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