Article

Renewable energy tax credit bill advances out of committee

​A renewable energy tax credit bill has advanced out of a legislative committee and is on it's way to the floor for debate.

A renewable energy tax credit bill has advanced out of a legislative committee and is on it's way to the floor for debate.

The bill was discussed by the Revenue Committee and passed with a vote of 5-2 on Wednesday.

The proposed tax credit is for renewable energy projects in Nebraska. Senator Jeremy Nordquist of Omaha says the bill would increase the state credit for facilities that produce energy through wind power and other natural sources.

Supporters say the measure would draw in more in-state investors and help Nebraska compete with nearby states that also offer tax credits.

Facilities that qualify could get either a one time credit or an ongoing credit that would decline the longer it operates.

A renewable energy tax credit bill has advanced out of a legislative committee and is on it's way to the floor for debate.

The bill was discussed by the Revenue Committee and passed with a vote of 5-2 on Wednesday.

The proposed tax credit is for renewable energy projects in Nebraska. Senator Jeremy Nordquist of Omaha says the bill would increase the state credit for facilities that produce energy through wind power and other natural sources.

Supporters say the measure would draw in more in-state investors and help Nebraska compete with nearby states that also offer tax credits.

Facilities that qualify could get either a one time credit or an ongoing credit that would decline the longer it operates.


Source: http://www.klkntv.com/story...

APR 2 2015
http://www.windaction.org/posts/42480-renewable-energy-tax-credit-bill-advances-out-of-committee
back to top