Nebraska committee advance renewable energy tax credit bill

wind power elp 1

LINCOLN, Neb. (AP) — A proposed tax credit for Nebraska-based renewable energy projects has advanced out of a legislative committee.

The Revenue Committee voted 5-2 on Wednesday to send the bill to the full Legislature for debate.

The measure by Sen. Jeremy Nordquist of Omaha would increase the state credit for facilities that generate electricity with wind and other renewable power sources. The measure is designed to attract in-state investors and help Nebraska compete with nearby states that offer tax credits.

Facilities could qualify for either a one-time credit or an ongoing credit that would decline the longer it operates.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs