Mississippi HB918 revises the distribution of payments made in lieu of ad valorem taxes for nuclear generating plants.
Mississippi HB918 amends the distribution formula for payments made in lieu of ad valorem taxes for nuclear generating plants. The bill specifies that payments are to be made to Claiborne County, adjacent counties, and municipalities based on the proportion of electric energy consumed. It also outlines a one-time payment to Claiborne County and annual payments to the City of Port Gibson. The bill mandates that the Department of Revenue distribute funds to the General Fund of the state and to counties and municipalities based on electric energy consumption.
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