Relating to: a sales and use tax exemption for nuclear fusion technology projects. (FE)

SB 636 creates a sales and use tax exemption for businesses developing nuclear fusion technology. It exempts specific equipment, materials, and software listed in the bill (such as fusion reactors, diagnostic tools, and specialized materials) when used exclusively in qualified fusion projects. Qualified projects include research on energy generation, medical isotopes, plasma physics, or fusion-enabling technologies. Businesses must obtain certification from the corporation to qualify for the exemption, covering both direct purchases and contractor-transferred items used in these projects. The exemption applies to sales and use of qualifying items at the project location.