Relating to: a sales and use tax exemption for nuclear fusion technology projects. (FE)

AB 657 exempts sales and use taxes for specific equipment and materials used exclusively in qualified nuclear fusion technology projects. It covers over 70 listed items, including plasma heating systems, superconductors, diagnostic tools, specialized materials like lithium and tungsten, and safety equipment. The exemption applies to businesses conducting fusion projects focused on energy generation, medical isotope production, research, or other fusion-related applications as defined in the bill. This policy directly reduces costs for companies developing nuclear fusion technology by eliminating taxes on qualifying purchases.