Nebraska allows for a refund of the sales and use taxes paid for a renewable energy system used to produce electricity for sale. Investment in qualified property of at least thirty million dollars or for the production of electricity by using one or more sources of renewable energy to produce electricity for sale as described in subdivision (1)(j) of section 77-5715, investment in qualified property of at least twenty million dollars. The law describes eligible sources of renewable energy as including, but not limited to, wind, solar, geothermal, hydroelectric, biomass, and transmutation of elements. This refund does not apply to the first 1.5% of sales tax charged by a municipality.
Note that partial recapture of benefits is possible if the taxpayer or tax-paying entity does not maintain the number of equivalent employees as they had in the base year.
More information can be found here.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Nebraska |
| Incentive Type: | Sales Tax Incentive |
| Web Site: | https://nebraskalegislature.gov/laws/statutes.php?statute=77-5725 |
| Administrator: | Nebraska Department of Revenue |
| Start Date: | 06/04/2013 |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: | 100% |
| Equipment Requirements: | Equipment investment must meet or exceed $20,000,000 |
| Name: | N.R.S. 77-5725 |
| Date Enacted: | 06/04/2013 |
| Effective Date: | 06/04/2013 |
| Name: | Taxpayer Assistance |
| Organization: | Nebraska Department of Revenue |
| Address: |
Nebraska State Office Building Lincoln NE 68509-4818 |
| Phone: | (800) 742-7474 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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