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Nebraska

Nebraska

Incentives/Policies for Renewables & Efficiency

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Property Tax Exemption for Wind Energy Generation Facilities   

Last DSIRE Review: 10/29/2013
Program Overview:
State: Nebraska
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Wind
Applicable Sectors: Commercial, Residential, Local Government, State Government, Fed. Government, Municipal Utility, Rural Electric Cooperative
Amount:100% of appreciable tangible personal property tax; payment in lieu of tax required
Maximum Incentive:100%
Eligible System Size:None specified
Equipment Requirements:Wind must be used as fuel source
Start Date:4/12/2010
Authority 1:
Neb. Rev. Stat. § 77-202(9)
Authority 2:
Neb. Rev. Stat. § 77-6203(2)(a)
Authority 3:
Nebraska Directive 11-3
Summary:

Nebraska Legislative Bill 1048 (LB1048) created a nameplate capacity tax that replaced the Nebraska Department of Revenue's central assessment and taxation of the tangible personal property associated with wind energy generation facilities. LB1048 defines wind energy generation facilities as facilities that generate energy with wind as the fuel source. The nameplate capacity tax is $3,518 per installed megawatt (MW).*

Nebraska Revenue Statute § 77-6203(2)(a) goes further to exempt wind facilities from the nameplate capacity tax and the real property tax assessment if they are owned by:

  • the federal government
  • the State of Nebraska
  • a public power district
  • a public power and irrigation district
  • a municipality
  • a registered group of municipalities
  • an electric membership association
  • a cooperative
  • an electricity customer who installs a wind turbine on their side of the meter**

In addition to available state tax credits, any depreciable tangible personal property used directly in the generation of electricity using wind as the fuel source shall be exempt from the property tax levied on depreciable tangible personal property. For the purposes of this particular credit, depreciable tangible personal property includes, but is not limited to, wind turbines, rotors and blades, towers, trackers, generating equipment, transmission components, substations, supporting structures or racks, inverters, and other system components such as wiring, control systems, switchgears, and generator step-up transformers. All real property will be locally assessed by the county assessor.

While supporting structures to wind turbines are included in this exemption, real property upon which wind generation facilities are based will not be exempt from property taxes. Real property associated with wind energy generation includes, but is not limited to, concrete pads, foundations, operations and maintenance buildings, road construction, leasehold value, and lease payments. These portions will be assessed at 100% of actual value.

 

* See, Nameplate Capacity Regulations at: http://www.revenue.ne.gov/legal/regs/nameplate.html

** See Neb. Rev. Stat § 77-6203(2)(b) and Neb. Rev. Stat § 70-2002

 


 
Contact:
  Nebraska Department of Revenue
Nebraska State Office Building
301 Centennial Mall South
Lincoln, NE 68509-4818
Phone: (800) 742-7474
Phone 2: (402) 471-5729
Web Site: http://www.revenue.state.ne.us/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.