Current Progress in Implementing the Payments-Equal-to-Taxes (PETT)

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by Eric L. Lundgaard, U.S. Dep of Energy, Las Vegas, United States,
Carl B. Ellis, U.S. Dep of Energy, Las Vegas, United States,

Document Type: Proceeding Paper

Part of: High Level Radioactive Waste Management 1993

Abstract: The Nuclear Waste Policy Act of 1992, as amended (NWPA), requires the Secretary of Energy to make Payments-Equal-To-Taxes (PETT) to local units of government that are affected by the potential repository at Yucca Mountain, Nevada. The PETT program is designed to provide affected jurisdictions with the revenue they would have received if the potential repository site was being characterized and possibly developed by a private entity rather than the Federal government. A paper presented at last year's conference described how the PETT Program would be implemented in the State of Nevada. This paper describes the current progress in implementing the program as it relates to the PETT associated with property taxes.

Subject Headings: Radioactive wastes | Taxation | Public policy | Federal government | Revenues | Local government | Jurisdiction | Nuclear power | Nevada | North America | United States

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