State senators announced Friday that they will introduce
five bills intended to advance Nebraska's renewable energy industry, increase
economic development and provide property tax benefits.
“These bills will help to incentivize growth and investment
in Nebraska over surrounding states and also remove barriers to renewable
energy development in our state,” said Sen. Jeremy Nordquist, who is sponsoring
one of the bills.
Nordquist’s bill would create a Nebraska production tax
credit for renewable electric generation facilities and would allow the credit
to be transferable. Surrounding states, including Iowa and Oklahoma, already
offer a credit against state income tax for each kilowatt hour of electricity
that a renewable energy generation facility produces.
