Nuclear generating plants; repeal provisions of law that provides ad valorem tax exemption for.

HB 708 would repeal Mississippi's tax exemption for nuclear power plants owned by public utilities (excluding federal entities), ending their exemption from county, municipal, and district ad valorem taxes. Instead, these plants would pay local property taxes directly to counties and municipalities, replacing the current requirement for utilities to pay "in-lieu" payments to the state treasury (e.g., $16 million annually for 1986-1989, then $20 million annually thereafter). The bill directly affects nuclear facilities like Mississippi Power's Grand Gulf plant, shifting tax revenue from the state to local jurisdictions. This would change how nuclear utilities contribute to local funding for services like roads and schools. The bill died in committee in February 2025 and did not become law.