Statewide Utility Tax Reform Act; create.

HB 1223, the "Statewide Utility Tax Reform Act," would have required nuclear power plants and related materials to pay property taxes at the same rate as other businesses in Mississippi, ending their previous tax exemption. It established a tiered revenue system: 65% of taxes from facilities would go to host counties, 10% to adjacent counties for shared risks, and 25% to the state. Utilities would also pay annual "Payments in Lieu of Taxes" (PILOTs) of $5 million plus $0.01 per kilowatt-hour, with counties required to spend 40% on infrastructure, 30% on education, 20% on health/safety, and 10% on economic development. The bill died in committee on February 26, 2025, and was never enacted.