Nuclear generating plants; revise distribution of payments made in lieu of ad valorem taxes.

HB 1003 amends Mississippi law to redirect a portion of annual payments made by nuclear power plants in lieu of local property taxes to Claiborne County for economic development. Specifically, it requires $3.04 million annually (starting 1991) to be paid to Claiborne County from these nuclear plant payments, which must be used for economic development purposes and cannot count toward the county's ad valorem tax growth limits. The bill also allocates $160,000 annually to Port Gibson city for similar uses. These payments are part of existing in-lieu tax arrangements for nuclear facilities, not new taxes, and the bill focuses on the distribution mechanism rather than creating new obligations. The bill died in committee in 2025 and was not enacted.