House File 2757 establishes a Nuclear Energy Workforce Fund under the control of the State Board of Regents, which will be funded through contributions from nuclear electric generation facilities and other appropriations. The fund is designated for supporting nuclear energy workforce programs at higher education institutions. The Board is required to report annually to the General Assembly on the progress of these programs, including participation numbers and fund allocation. Additionally, the bill introduces sales and use tax exemptions for tangible personal property and services related to the construction and operation of nuclear electric generation facilities, with specific conditions and timelines for these exemptions.

The bill also mandates that nuclear electric generation facilities contribute to the Nuclear Energy Workforce Fund based on their nameplate capacity during the exemption period. If a facility fails to make the required contributions, it must repay the tax exemptions claimed. The legislation includes provisions for agreements between the facilities and the Economic Development Authority, detailing eligibility for tax exemptions and operational timelines. Furthermore, the bill has retroactive applicability to January 1, 2026, for certain activities related to nuclear electric generation facilities, and it includes a repeal date for specific provisions set for July 1, 2051.

Statutes affected:
Introduced: 423.3
Reprinted: 423.3, 423.4
Enrolled: 423.3, 262.101, 423.4