,i #aaeth ,,congress #b;d ,session ,h4 ,r4 #fhad ,,in ,,the ,,house ,,of ,,representatives ,september #ac1 #bjah,ms4 ,kaptur 7for herself and ,mr4 ,welch7 introduced the following bill2 which was referred to the ,committee on ,energy and ,commerce ,a ,,bill ,to require the ,secretary of ,energy to establish and carry out a program to provide financial assistance to units of local government impacted by the reduction in tax revenue from nuclear power plants4 #a4 ,short title ,this ,act may be cited as the ,troubled ,nuclear ,power ,plants ,communities ,assistance ,act4 #b4 ,assistance for communities with troubled nuclear power plants program 7a7 ,findings ,the ,congress finds the following3 7#a7 ,the markets for electricity generation are rapidly evolving due to the very low cost of natural gas such that many nuclear power plants are no longer economically competitive4 7#b7 ,over the past #e years1 #ah nuclear power plants have permanently closed or have announced plans to close4 7#c7 ,the impact of closure of a nuclear power plant on the local economy can be severe due to the loss of jobs and a reduced tax base4 7#d7 ,closure of a nuclear power plant typically means the loss of #djj to #gjj highly paid workers4 7#e7 ,a typical reactor has estimated wages for workers of #dj million annually4 7#f7 ,nuclear power plants are among the largest taxpayers in the jurisdictions in which they are sited1 typically contributing tens of millions of dollars in local taxes4 7#g7 ,when calculating the total tax impact 7direct and secondary71 the average nuclear power plant provides over #ajj million in tax revenue each year to the local and ,state governments4 7#h7 ,the closure of a nuclear power plant causes significant negative impacts to the ,g,d,ps of the affected ,states4 7#i7 ,stranded spent nuclear fuel prevents communities from redeveloping sites where nuclear power plants previously operated which further inhibits tax revenues4 7b7 ,assistance for ,communities with ,troubled ,nuclear ,power ,plants ,program 7#a7 ,establishment ,the ,secretary of ,energy shall establish and carry out a program to be known as the ,assistance for ,communities with ,troubled ,nuclear ,power ,plants ,program 7in this section referred to as the ,program7 to provide financial assistance to units of local government who have experienced a reduction in tax revenue from nuclear power plants4 7#b7 ,unit of local government ,in this section1 a unit of local government includes a county1 city1 town1 village1 school district1 and special district4 7#c7 ,eligibility ,to be eligible to receive financial assistance under this section1 a unit of local government shall submit to the ,secretary of ,energy an application that includes documentation that-- 7,a7 the unit of local government has experienced1 or is predicted to experience1 during a calendar year beginning after ,december #ca1 #bjad1 and ending before ,january #a1 #bjbe-- 7i7 a reduction of not less than #bj percent in overall tax revenue received by such unit of local government for such year compared with the average of such tax revenue for the previous #e years2 and 7ii7 a reduction in tax revenue attributable to a nuclear power plant received by such unit of local government for such year1 compared with the average of such tax revenue for the previous #e years1 that is not less than #bj percent of the average for such previous #e years of the overall tax revenue received by such unit2 and 7,b7 spent nuclear fuel is stored at the site of such nuclear power plant4 7#d7 ,assistance 7,a7 ,in general ,subject to amounts made available in advance in appropriations ,acts1 financial assistance provided under this section to a unit of local government shall be made with respect to each year of the #h-year period beginning on the first day of the calendar year described in paragraph 7#c77;,a74 7,b7 ,amount of assistance ,subject to amounts made available in advance in appropriations ,acts1 financial assistance provided under this section to a unit of local government for a year of an #h-year period shall be equal to the lesser of #aj1jjj1jjj and-- 7i7 in the case of the first year of the #h-year period1 #hj percent of the loss described in paragraph 7#c77;,a77ii7 with respect to such unit2 7ii7 in the case of the second year of the #h-year period1 #gj percent of such loss2 7iii7 in the case of the third year of the #h-year period1 #fj percent of such loss2 7iv7 in the case of the fourth year of the #h-year period1 #ej percent of such loss2 7v7 in the case of the fifth year of the #h-year period1 #dj percent of such loss2 7vi7 in the case of the sixth year of the #h-year period1 #cj percent of such loss2 7vii7 in the case of the seventh year of the #h-year period1 #bj percent of such loss2 and 7viii7 in the case of the eighth year of the #h-year period1 #aj percent of such loss4 7c7 ,authorization of appropriations ,there is authorized to be appropriated to carry out this section #hj1jjj1jjj for each of fiscal years #bjai through #bjca4