Nuclear in Lieu Tax Distribution Equity Act; create to revise allocation of Grand Gulf payments.

HB 1318 revises how Mississippi allocates payments from the Grand Gulf Nuclear Power Plant’s "nuclear in lieu tax" (a tax paid instead of property taxes). It prioritizes Claiborne County, which hosts the plant and bears associated risks, by requiring the Department of Revenue to adjust annual distributions based on economic impact studies and environmental risk factors. The bill mandates an annual report on collected revenue and sets an expiration date of July 1, 2031. This directly affects Claiborne County’s funding and the Department of Revenue’s administrative process for distributing these payments.