Iowa HSB767 creates sales and use tax exemptions for nuclear electric generation facilities.

Iowa HSB767 creates sales and use tax exemptions for tangible personal property and specified digital products sold or services furnished for nuclear electric generation facilities. The bill applies retroactively to January 1, 2025, for qualifying tangible personal property or specified digital products sold or services furnished on or after that date. The exemptions cover equipment, materials, systems, and services required to restart operations at previously operational nuclear electric generation facilities.

Iowa HSB767 creates sales and use tax exemptions for nuclear electric generation facilities.

Iowa HSB767 creates sales and use tax exemptions for tangible personal property and specified digital products sold or services furnished for nuclear electric generation facilities. The bill applies retroactively to January 1, 2025, for qualifying tangible personal property or specified digital products sold or services furnished on or after that date. The exemptions cover equipment, materials, systems, and services required to restart operations at previously operational nuclear electric generation facilities.