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Renewable Energy Tax Credit (Personal) (Nebraska)
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/Amt Credits are available for a 10-year period
Credits are available for a 10-year period:<br /> 0.00075/kWh for electricity generated through 9/30/2007; <br /> 0.001/kWh from 10/1/2007 - 12/31/2009; <br /> 0.00075/kWh from 1/1/2010 - 12/31/2012; <br /> 0.0005/kWh on or after 1/1/2013 <br /> 0.0005/kWh on or after 1/1/2013 <br />
0005/kWh on or after 1/1/2013 <br />  +
Incentive/ApplDsc Residential  +
Incentive/AuthCode R.R.S. Neb. § 77-27, 235  +
Incentive/AuthDtEff 7/14/2006 (amendments effective 10/01/2011)  +
Incentive/AuthDtEnact 2006-04-11  +
Incentive/AuthLink http://uniweb.legislature.ne.gov/laws/statutes.php?statute=77-27,235  +
Incentive/ContAddr Nebraska State Office Building  +
Incentive/ContAddr2 301 Centennial Mall South  +
Incentive/ContDept Nebraska Department of Revenue  +
Incentive/ContName Taxpayer Assistance  +
Incentive/ContPhone (800) 742-7474  +
Incentive/ContPhone2 (402) 471-5729  +
Incentive/ContPlace Lincoln, Nebraska  +
Incentive/ContWebsite http://www.revenue.ne.gov/  +
Incentive/ContZip 68509-4818  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/Name Renewable Energy Tax Credit (Personal)  +
Incentive/ProgAdmin Nebraska Department of Revenue  +
Incentive/ProgBudget $50,000  +
Incentive/StartDate July 14, 2006  +
Incentive/StartDateString 2006-07-14  +
Incentive/Summary Nebraska offers a production-based tax cre
Nebraska offers a production-based tax credit to any producer of electricity generated by wind, solar, geothermal, hydropower, fuel cells, or methane gas. To qualify a system must be placed into service on or after July 14, 2006. The credit allowed may be used to reduce the producer’s Nebraska income tax liability or to obtain a refund of state sales and use taxes paid by the producer. '''Tax Credit Amount''' The value of the credit is based on the amount of electricity produced, and the rate varies based on the year in which the electricity is generated according to the following schedule: * $0.00075 per kilowatt-hour (kWh) of electricity generated after July 14, 2006, but before October 1, 2007; * $0.001 per kWh for electricity generated on or after October 1, 2007, and before January 1, 2010; * $0.00075 per kWh for electricity generated on or after January 1, 2010, and before January 1, 2013; and * $0.0005 per kWh for electricity generated on or after January 1, 2013. The credit may be earned for 10 years after the date that the facility is placed in operation on or after July 14, 2006. '''Restrictions''' The total amount of renewable energy tax credits that may be used by all taxpayers is limited to $50,000 without additional authorization from the Nebraska Legislature.<br> <br> This credit may not be claimed by a producer who receives a [http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=NE10F&state=NE&CurrentPageID=1&RE=1&EE=1 sales tax exemption] for community-based energy development projects.
mmunity-based energy development projects.  +
Incentive/TechDsc Anaerobic Digestion + , Fuel Cells + , Geothermal Electric + , Hydroelectric energy + , Landfill Gas + , Photovoltaics + , Solar Thermal Electric + , Wind + , Fuel Cells using Renewable Fuels +
Incentive/Type Personal Tax Credit +
OpenEI/PageDescription Renewable Energy Tax Credit (Personal): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Nebraska  + , Personal Tax Credit  + , Nebraska Department of Revenue  +
Place Nebraska: Energy Resources +
Categories Financial Incentive Programs , Incentive with Contacts , Incentive with Authorities , Pages with reference errors
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
23:54:44, 12 February 2015  +
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