HC35

Proposed amendment to the Mississippi Constitution to revise the Legislature's authority on taxing nuclear-powered electrical generating plants.

This resolution proposes an amendment to Section 112 of the Mississippi Constitution of 1890, altering the Legislature's authority to limit or deny a county's right to levy taxes on nuclear-powered electrical generating plants. It also provides for a special mode of valuation, assessment, and levy on such plants and outlines the distribution of revenue derived from these taxes. The amendment aims to ensure uniformity and equality in taxation across the state while allowing for specific tax rules for nuclear plants.