Energy (Nuclear)

This bill is a non-binding resolution expressing the Tennessee General Assembly's support for the state's bid to host a Nuclear Lifecycle Innovation Campus from the U.S. Department of Energy. It urges Governor Bill Lee to submit a comprehensive response to the federal request by April 1, 2026, and declares legislative intent to take necessary actions to position Tennessee as the host. The resolution highlights Tennessee's existing nuclear infrastructure, including its history with the Manhattan Project, current nuclear facilities, and recent investments in nuclear energy development. As a statement of position rather than a law, it does not create new legal obligations but serves to publicly affirm the state's commitment to pursuing this federal opportunity.

HB 672 amends Tennessee law to require that when an industrial development corporation dissolves, its land must be transferred to a 501(c)(3) nonprofit entity focused on promoting industrial development and new nuclear energy. This change updates the disposition rules for dissolved corporations' land, directly affecting industrial development corporations and the nonprofits that will receive the property. The bill specifies that the recipient nonprofit must have "main purpose" tied to industrial and nuclear development, ensuring land continues supporting these sectors. The amendment takes effect upon becoming law.

SB 885 amends Tennessee's tax code to allow nuclear energy production facilities to qualify for pollution control tax credits, expanding eligibility beyond existing wind and solar sources. This change directly affects nuclear energy facilities in Tennessee by enabling them to claim tax credits for certain machinery and equipment used in pollution control. The bill modifies Section 67-4-2004(9)(A) of the Tennessee Code to explicitly include nuclear energy production facilities in the list of eligible energy sources. The policy change takes effect July 1, 2025, and is part of a broader tax incentive framework for clean energy projects.

HB 1133 amends Tennessee's tax code to allow nuclear energy production facilities to claim pollution control tax credits for specific machinery and equipment, expanding an existing program previously limited to wind energy. This change directly affects nuclear power plants in Tennessee by providing them with a new financial incentive to invest in pollution control technology. The bill modifies Section 67-4-2004(9)(A) of the Tennessee Code to explicitly include nuclear facilities alongside wind energy sources. The law takes effect on July 1, 2025.