IL SB1621

Municipalities may 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.

The annual nuclear storage impact fee cannot exceed 25% of the average annual property taxes paid by the operating entity during the last 5 years the facility was operational.

Municipalities must conduct a public hearing within their boundaries with at least 10 days' notice before imposing the nuclear storage impact fees.

Revenue collected from the fees must be used to offset property taxes for owners of property within the municipality.

Fees can only be applied prospectively from the bill's effective date forward and cannot be assigned or transferred through sales, leases, or decommissioning agreements executed after the facility ceased operations.