SB3633 Summary

• Allows municipalities to establish and collect a nuclear storage impact fee from entities that operated nuclear facilities within their boundaries, but only for facilities that ceased generating electricity on or before the bill's effective date.

• Caps the annual nuclear storage impact fee at 25% of the average annual property taxes paid by the facility operator to the municipality during the last 5 years of the facility's operation.

• Requires municipalities to conduct a public hearing within their boundaries with at least 10 days' notice before imposing nuclear storage impact fees.

• Mandates that revenue collected from these fees be used to offset property taxes for owners of property within the municipality.

• Prevents any sales, assignments, leases, or decommissioning agreements executed after a facility ceased operations from transferring the obligation to pay the nuclear storage impact fee to another entity.