Sales and Use Tax Exemption for Renewable Energy Property

Program Overview

Implementing Sector	State
Category	Financial Incentive
State	Nebraska
Incentive Type	Sales Tax Incentive
Web Site	Sales Tax Incentive
Administrator	Nebraska Department of Revenue
Start Date	06/04/2013
Eligible Renewable/Other Technologies	Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Hydroelectric (Small), Anaerobic Digestion, Other Distributed Generation Technologies
Applicable Sectors	Industrial, Investor-Owned Utility, Municipal Utilities, Cooperative Utilities, Installers/Contractors
Incentive Amount	100%
Equipment Requirements	Equipment investment must meet or exceed $20,000,000

Summary

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.

Authorities

Name	N.R.S. 77-5725
Date Enacted	06/04/2013
Effective Date	06/04/2013

Contact

Taxpayer Assistance

Organization:

Nebraska Department of Revenue

Address:

Nebraska State Office Building
Lincoln, NE 68509-4818

Phone:

(800) 742-7474