Statewide Utility Tax Reform Act; create.

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.