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MS HB918
Bill
Status
Failed
2/3/2026
Primary Sponsor
Jeffery Harness
Click for details
AI Summary
- Revises the distribution formula for in-lieu tax payments from the Grand Gulf Nuclear Power Plant starting in fiscal year 2027, capping total payments at $40,000,000 annually
- Allocates 40% of payments to Claiborne County (the situs county), 20% to be divided equally among adjacent counties sharing a boundary with Claiborne County, and 40% to remaining Mississippi counties based on electric energy consumption
- Eliminates the 10% allocation to the State General Fund and removes the previous 20% cap that limited how much any single county could receive
- Maintains existing penalty provisions requiring $500,000 to be redirected to the Grand Gulf Disaster Assistance Fund if Claiborne County withdraws support for or fails to satisfy off-site emergency plan commitments
- Takes effect July 1, 2026, with the new distribution formula applying to the 2026 taxable year and thereafter
Legislative Description
Nuclear generating plants; revise provisions related to distribution of payments made in lieu of ad valorem taxes.
Last Action
Died In Committee
2/3/2026
Committee Referrals
Energy1/16/2026
Full Bill Text
No bill text available