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

HB 1004 revises how payments from nuclear power plants - made instead of property taxes - are distributed to local governments. It gradually reduces the percentage of these payments going to the county where the plant is located (from 50% in 1987 down to 30% through 2025, then a fixed $15 million annually after 2026). The bill requires counties to send 10% of these funds to the largest city in the county (or split equally if the plant is within a city), limits county spending on general purposes to $5.5 million yearly, and directs excess funds to public school districts for approved facility improvements. This bill affects counties, cities, and school districts near nuclear plants, though it was referred to committee in 2025 and did not advance.