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NE LB50
Bill
AI Summary
- Amends Section 77-6204 to allocate 5% of nameplate capacity tax revenue to the community college area where the renewable energy generation facility is located
- Distributes the remaining 95% of revenue to local taxing entities that would have received personal property tax revenue from renewable energy equipment (wind, solar, biomass, or landfill gas facilities)
- Local taxing entities remain eligible for distributions even after the net book value of the renewable energy equipment reaches zero
- Eligibility for distributions ends only when all exempt depreciable personal property used for renewable electricity generation is disposed of
- Approved by the Governor on June 4, 2025
Legislative Description
Change provisions relating to the distribution of the nameplate capacity tax
Last Action
Approved by Governor on June 4, 2025
6/6/2025
Committee Referrals
Revenue1/13/2025
Full Bill Text
No bill text available