HF 2757 — A bill for an act relating to nuclear electric generation facilities by creating sales and use tax exemptions and refunds, making appropriations to the state board of regents for establishing and maintaining a nuclear energy workforce, making penalties applicable, and including applicability and retroactive applicability provisions.

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4(3) cntibtinFor oall heother claractivities nrythat wrfocedo udnot retdapply nunder sctonsubparagraph 6.01,(2), nthe eexemption montapplies fto othe hosadsales woprice ndedof dllrstangible personal property or chspecified gaattdigital fproducts meltesold aactyto heor cearof eecricservices neaionfurnished ciityto sa povdnuclear oelectric roucegeneration yhefacility oawhen uiltispermissible omisin.in the agreement under paragraph “c”, and ends when the nuclear electric generation facility begins or restarts commercial operation.

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ny(1) eayetDuring salthe eperiod onidrdthe anuclear xelectric ayentgeneration defacility ndis aalereceiving othe heexemption patentunder ythis esubsection ucernot eetrcto gneatonexceed aiit,four ndyears heof iurethe oexemption keperiod, heand pymntas aya becondition eaedof yreceiving ethe eprtetexemption inheunder aethis anersubsection, sthe aaluenuclear oelectric pygeneration hefacility xshall honmake u,an orannual qirdHouse oFile e2757, honp. u, ith e flig f a trn r eoit om.

The4 clarcontribution lcricto neatonthe aiitynuclear allenergy trworkforce itofund ncreated remetin ithsection e262.101, cnoicin eelpmntthe thriy.amount of two thousand two hundred dollars for each megawatt of nameplate capacity the nuclear electric generation facility is approved to produce by the Iowa utilities commission.

TeThe aremntcontribution utshall ncudebe lmade fto hethe llwigdepartment nfraton:for deposit into the nuclear energy workforce fund created in section 262.101 during the exemption period the annual contribution is required.

()(2) TeThe eronnuclear neingelectric togeneration hefacility remntshall ihrepay hethe athrty.aggregate amount of the sales and use tax exemptions and refunds claimed in the calendar year for which the nuclear electric generation facility did not make the required contribution.

()Any ()repayment Theshall tebe enconsidered aucera eetrctax enraionpayment fciiydue sand liibepayable 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 erequired xeptonto nerbe isshown useton.due, with the filing of a return or deposit form.

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()The Tenuclear ateelectric ngeneration ihfacility omerialshall ertonenter finto hean ciiyagreement iswith pctdthe oeconomic omece.development authority.

()The Teagreement atemust ninclude ihall heof eayetthe poisonfollowing ninformation: aarah s rggrd.

()(1) AprvalThe fperson eentering aepateinto paiythe oragreement hewith clarthe eecrcauthority. enraion ciiy y he oa tiiies mmsso.

()(2) Te(a) ueThe aedate orwhen ea onriuiosnuclear rqirdelectric ygeneration argaphfacility sbis .eligible for the exemption under this subsection.

()(b) PoofFor fa enuclear ntilelectric onriuiongeneration quredfacility ythat rarphis Huseundertaking lean 77,activity .described in paragraph “a”, subparagraph (1), subparagraph division (i), eligibility for the exemption as described in this subsection begins January 1, 2026.

5(3) nnzThe bdate .on which commercial operation of the facility is expected to commence.

(4) The date on which the repayment provision in paragraph “f” is triggered.

(5) Approval of the nameplate capacity for the nuclear electric generation facility by the Iowa utilities commission.

(6) The due date for the contributions required by paragraph “b”.

(7) Proof of the initial contribution required by paragraph House File 2757, p.

5 “b”.

heThe clarnuclear lcticelectric eeatongeneration ailtyfacility hllshall lefile an nulannual eprtreport thwith hethe patmntdepartment edue non hethe etnext auayJanuary ter31 teigafter heentering geeentthe dragreement argrphunder c,andparagraph y“c”, echand auayby 1each hreftr,January nil31 uhthereafter, ieuntil hatsuch etime ulerthat eecricthe neaionnuclear ciityelectric ogeneration nerfacility uliiesno rlonger hequalifies eemtin.for the exemption.

TeThe eortreport allshall ntincontain lall fof hethe oloigfollowing ifomaion:information:

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()(3) AyAny throther nfrmtoninformation euiedrequired yby hethe prten.department.

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8 e.

APICBLIY.

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RTRATVEAPLCBIIY.A nuclear electric generation facility shall notify the department within thirty days of the date of delivering notification to the applicable regional transmission operators that commercial operation has been achieved.

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_A PTGRSLBynuclear AYelectric ICAIRgeneration Sekerj/heHuefacility Peidntthat fheSntedoes Ihrbynot rifyhathisillriiatdcommence nteHoseor drestart isnonasHueFiecommercial 77,operation neyfistwithin nrlAseml.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, reduced by any contribution made under paragraph “b” of this subsection.

MGANNLSNAny Cifrepayment ishall pfbe eHuseconsidered Apovda 06tax KMRENLSpayment Gvrordue and payable to the department by the nuclear electric generation facility, and the failure to make the repayment may be treated by the House File 2757, p.

6 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.

The department shall issue guidance within thirty days of the effective date of this Act regarding acceptable documentation for exemption qualification and exemption certificate procedures.

h.

The department may adopt rules pursuant to chapter 17A to administer this subsection.

i.

As used in this subsection:

(1) “Commercial operation” means the date on which a nuclear electric generation facility delivers notification to the applicable regional transmission operator that the nuclear electric generation facility has begun operating.

(2) “Nuclear electric generation facility” means a facility commencing or restarting commercial operations of at least one unit of the facility on or after January 1, 2028, that is located in this state, uses nuclear fission, fusion, or other nuclear processes to generate electricity for sale or for use in the transmission or distribution grid and is licensed by the federal nuclear regulatory commission.

A “nuclear electric generation facility” includes facilities undergoing restart after a decommissioning period and facilities in advanced stages of development or obtaining federal licensing from the United States nuclear regulatory commission.

A “nuclear electric generation facility” includes all of the following:

(a) Nuclear reactors, reactor fuel cores, reactor vessels, steam generators, heat exchangers, turbine systems, control rods, instrumentation, cooling systems, fuel handling and storage systems, radiation shielding, radiation sources and other primary nuclear generation components, and spent fuel storage.

(b) Structures and buildings housing nuclear generation systems, including containment buildings, auxiliary buildings, cooling towers, water intake or discharge structures, and on-site storage facilities directly related to nuclear operations.

(c) Electrical generation and transformation equipment, including turbines, generators, switchgear, transformers, House File 2757, p.

7 inverters, transmission structures, conductors, substations, and associated power conditioning and control equipment.

(d) Equipment and systems used for safety, security, radiation monitoring, emergency power, operator training, maintenance training, safety-related equipment storage, and warehousing.

(e) Environmental protection required for operation of the facility.

(f) System materials, components, equipment, storage, structures, and buildings associated with integrated systems that enhance the flexibility of the system in delivering energy to the electrical grid, including but not limited to the following:

(i) Systems that store and utilize thermal energy or electrical energy from the nuclear electric generating facility prior to delivering energy to the grid.

(ii) Energy storage systems that utilize a transmission system interconnection to the same physical substation as the nuclear electric generating facility.

(g) Materials, supplies, and components permanently incorporated into or consumed in the construction, repair, or maintenance of a nuclear electric generation facility.

(h) Digital control systems, software, cybersecurity, infrastructure, and physical security systems and equipment used in the safe and compliant operation of the nuclear electric generation facility.

(i) Equipment, materials, systems, and services required to restart operations at a previously operational nuclear electric generation facility that has ceased commercial operation, including but not limited to refurbishment, modernization, regulatory compliance upgrades, and relicensing activities.

(3) “Site preparation” means the same as “site preparation activities” defined in subsection 95, paragraph “f”.

j.

This subsection is repealed on July 1, 2051.

Sec.

4.

Section 423.4, subsection 1, paragraph a, Code 2026, is amended by adding the following new subparagraph:

NEW SUBPARAGRAPH .

(11) (a) A nuclear electric generation facility as defined in section 423.3, subsection 111.

(b) This subparagraph is repealed July 1, 2051.

House File 2757, p.

8 Sec.

5.

APPLICABILITY.

Except as otherwise provided, this Act applies to tangible personal property or specified digital projects sold to or of services furnished to a nuclear electric generation facility when permissible under section 423.3, subsection 111, paragraph “c”, if enacted by this Act.

Sec.

6.

RETROACTIVE APPLICABILITY.

This Act applies retroactively to January 1, 2026, for tangible personal property or specified digital projects sold to or of services furnished to a nuclear electric generation facility that is undertaking an activity described in section 423.3, subsection 111, paragraph “a”, subparagraph (1), subparagraph subdivision (i), if enacted by this Act.

______________________________ ______________________________ PAT GRASSLEY AMY SINCLAIR Speaker of the House President of the Senate I hereby certify that this bill originated in the House and is known as House File 2757, Ninety-first General Assembly.

______________________________ MEGHAN NELSON Chief Clerk of the House Approved _______________, 2026 ______________________________ KIM REYNOLDS Governor