By KNOP News Channel 2.
State senators announced Friday that they will introduce five bills intended to advance Nebraska's renewable energy industry, increase economic development and provide property tax benefits.
“These bills will help to incentivize growth and investment in Nebraska over surrounding states and also remove barriers to renewable energy development in our state,” said Sen. Jeremy Nordquist, who is sponsoring one of the bills.
Nordquist’s bill would create a Nebraska production tax credit for renewable electric generation facilities and would allow the credit to be transferable. Surrounding states, including Iowa and Oklahoma, already offer a credit against state income tax for each kilowatt hour of electricity that a renewable energy generation facility produces.