AN ACT TO BE KNOWN AS THE "STATEWIDE UTILITY TAX REFORM ACT"; TO REQUIRE NUCLEAR FUEL, NUCLEAR FUEL BY-PRODUCTS AND RELATED MATERIALS TO BE SUBJECT TO AD VALOREM TAXATION AT THE SAME RATE AS OTHER TAXABLE PROPERTY IN MISSISSIPPI; TO ESTABLISH A TIERED DISTRIBUTION SYSTEM FOR THE ALLOCATION OF AD VALOREM TAX REVENUES COLLECTED IN A COUNTY HOSTING A HIGH-RISK FACILITY, INCLUDING A NUCLEAR POWER PLANT; TO REQUIRE UTILITIES OPERATING HIGH-RISK FACILITIES TO MAKE ANNUAL PAYMENTS IN LIEU OF TAXES (PILOT) TO HOST COUNTIES; TO PRESCRIBE THE AMOUNT AND PERMISSIBLE USES OF PILOT PAYMENTS; TO REQUIRE COUNTIES TO ALLOCATE REVENUES RECEIVED UNDER THIS ACT FOR CERTAIN SPECIFIED PURPOSES; TO REQUIRE THE DEPARTMENT OF REVENUE TO OVERSEE IMPLEMENTATION OF THIS ACT; TO REQUIRE ANNUAL REPORTS; TO AMEND SECTION 27-31-1, MISSISSIPPI CODE OF 1972, TO DELETE THE EXEMPTION OF NUCLEAR FUEL AND FUEL BY-PRODUCTS FROM AD VALOREM TAXATION; TO BRING FORWARD SECTIONS 19-9-151, 19-9-153, 19-9-155 AND 19-9-157, MISSISSIPPI CODE OF 1972, WHICH RELATE TO IN-LIEU PAYMENTS TO COUNTIES IN WHICH NUCLEAR GENERATING PLANTS ARE LOCATED, FOR THE PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTION 27-39-305, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES COUNTIES TO LEVY AD VALOREM TAXES FOR MAINTENANCE AND CONSTRUCTION OF ROADS AND BRIDGES, FOR THE PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTION 27-39-320, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR LIMITATIONS ON INCREASES OF AD VALOREM TAX REVENUES, FOR THE PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTION 33-15-51, MISSISSIPPI CODE OF 1972, WHICH CREATES THE GRAND GULF DISASTER ASSISTANCE TRUST FUND, FOR THE PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTION 37-57-105, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES AND PROVIDES THE PROCEDURE FOR THE LEVY OF CERTAIN AD VALOREM TAXES FOR SCHOOL DISTRICT PURPOSES, FOR THE PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTION 37-151-87, MISSISSIPPI CODE OF 1972, WHICH RELATES TO THE REDUCTION OF LOCAL SUPPLEMENT OR SUPPORT FROM AD VALOREM TAXATION UNDER THE MISSISSIPPI STUDENT FUNDING FORMULA, FOR THE PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-31-1, 19-9-151, 19-9-153, 19-9-155, 19-9-157, 27-39-305, 27-39-320, 33-15-51, 37-57-105, 37-151-87