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

HB 1277, the "Nuclear In Lieu Tax Distribution Equity Act," revises how payments from Mississippi's Grand Gulf Nuclear Power Plant are distributed. It requires the Department of Revenue to allocate at least 70% of annual nuclear in lieu tax revenue to Claiborne County starting in fiscal year 2027, with specific allocations: 60% for county infrastructure/safety, 25% to Claiborne County Schools, and 15% to Port Gibson. The bill mandates annual adjustments to the distribution formula based on economic impact studies and environmental risk factors, and requires an annual report on collected revenue. It expires on July 1, 2031. The bill directly affects Claiborne County residents, local schools, and Port Gibson through revised funding priorities.