H-8365

   Amend House File 2757 as follows:
   1.  Page 1, by striking lines 3 through 18 and inserting: 
   <NEW SUBSECTION.  111.  a.  (1)  The sales price of tangible personal property or specified digital products sold to or of services furnished to a nuclear electric generation facility on or after January 1, 2026.
   (2)  The tangible personal property, specified digital products, and services furnished shall be directly and primarily used before, during, or after the site preparation, construction, reconstruction, replacement, alteration, repair, safe storage, maintenance, or restarting after decommissioning of the nuclear electric generation facility.
   b.  The exemption under this section does not apply to motor vehicles subject to registration under chapter 321.>
   2.  Page 1, after line 26 by inserting: 
   <f.  A nuclear electric generation facility that does not commence or restart commercial operation within twelve and one-half years of the later of the issuance of the certificate of public convenience, use, and necessity under chapter 476A for the applicable unit of the facility or the placement of the first safety-related concrete for such unit shall repay the entire amount of the sales and use tax exemptions the nuclear electric generation facility claimed under this subsection and refunds claimed under section 423.4, subsection 1, and the entire amount of sales and use tax exemptions that contractors, subcontractors, and builders claimed for building materials, supplies, equipment, and services in the performance of a written construction contract with the nuclear electric generation facility under subsection 80. Any repayment shall be considered a tax payment due and payable to the department by the nuclear electric generation facility, and the failure to make the repayment may be treated by the department in the same manner as a failure to pay the tax shown due, or required to be shown due, with the filing of a return or deposit form.
   g.  (1)  A nuclear electric generation facility is eligible to receive an exemption under this subsection until the earlier of one year from the date of delivering notification to the applicable regional transmission operators that commercial operation has been achieved or June 30, 2051.
   (2)  Within thirty days of delivering notification in subparagraph (1), the nuclear electric generation facility shall notify the department of the date notification was delivered under subparagraph (1) in a manner prescribed by the director.>
   3.  Page 1, by striking lines 27 and 28 and inserting: 
   <h.  As used in this subsection:
   (1)  “Nuclear electric generation facility” means a facility commencing or restarting>
   4.  Page 1, line 29, after <operations> by inserting <of at least one unit of the facility>
   5.  Page 2, line 4, by striking <(1)> and inserting <(a)>
   6.  Page 2, line 10, by striking <(2)> and inserting <(b)>
   7.  Page 2, line 15, by striking <(3)> and inserting <(c)>
   8.  Page 2, line 19, by striking <(4)> and inserting <(d)>
   9.  Page 2, line 23, by striking <(5)> and inserting <(e)>
   10.  Page 2, line 25, by striking <(6)> and inserting <(f)>
   11.  Page 2, line 30, by striking <(a)> and inserting <(i)>
   12.  Page 2, line 33, by striking <(b)> and inserting <(ii)>
   13.  Page 3, line 1, by striking <(7)> and inserting <(g)>
   14.  Page 3, line 4, by striking <(8)> and inserting <(h)>
   15.  Page 3, line 8, by striking <(9)> and inserting <(i)>
   16.  Page 3, after line 12 by inserting: 
   <(2)  “Site preparation activities” means the same as defined in subsection 95, paragraph “f”.
   i.  This subsection is repealed on July 1, 2051.
   Sec. ___.  Section 423.4, subsection 1, paragraph a, Code 2026, is amended by adding the following new subparagraph:
   NEW SUBPARAGRAPH.  (11)  A nuclear electric generation facility as defined in section 423.3, subsection 111.>
   17.  Page 3, line 14, by striking <2025> and inserting <2026>
   18.  Title page, line 1, after <exemptions> by inserting <and refunds>
   19.  By renumbering as necessary.

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YOUNG of Dallas

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WILZ of Wapello