HB1981

HB1981 – Setting a preferential B&O tax rate for manufacturing fuel and/or fuel assemblies for nuclear reactors.
Prime Sponsor – Representative Barnard (R; 8th District; Benton & Franklin Counties) (Co-Sponsor Stearns, D)
Current status – Had a hearing in the House Committee on Finance  on  January 25th.
Next step would be – Action by the committee.
Legislative tracking page for the bill.

Summary –
The bill would set the B&O tax rate on the manufacturing of nuclear fuel and/or assemblies at 0.25 percent. (Fuel assemblies are the collections of fuel rods or elements that make up the core of as reactor.) It would apply to the gross proceeds from sales for businesses selling these at retail or wholesale; it would apply to the value of the product for businesses manufacturing them; and it would apply to the gross income of the business activity for businesses paid to process them. These rates would apply for ten years.