NE LB1021

Amends the nameplate capacity tax on renewable energy generation facilities, setting the rate at $3,518 per megawatt of total commissioned capacity annually

Beginning January 1, 2027, penalties for late filing, failure to pay, or underpayment (5% per quarter overdue, capped at $10,000) will be credited to the Department of Revenue Property Assessment Division Cash Fund

Requires the Department of Revenue to retain 3% of tax, interest, and penalty proceeds for administrative costs before distributing the remainder to county treasurers

Prohibits counties from retaining any revenue collected under the nameplate capacity tax for administrative purposes

Removes provision that prevented the Department of Revenue from retaining or allocating collected revenue to or from the General Fund