On June 4, 2013, Nebraska Superintendent Dave Heineman signed voguish law a screen (LB104) meant to incentivize the development of renewable energy in the state by exempting certain purchases of renewable energy gear and other project assignment from the state's 5.5 percent sales tax. The screen defines sources of renewable energy to transport wind, solar, geothermal, hydroelectric and change of elements. Less the new law, possibility renewable energy developers strength be essential to invest a smallest of 20 million in official wealth in the state to be capable for the omission. Crack proposals to modify the benefit of the omission to public use a proportion of project assignment using Nebraska-made stores, and to public use a proportion of coarse revenues earned with Nebraska businesses or dwell in, any lop muted and are not included in the last law. The screen torrent under the Nebraska Spot Act of 2006 and takes sway swift.The solve book of the new law can be advantage here: http://nebraskalegislature.gov/FloorDocs/Current/PDF/Final/LB104.pdf.
Nebraska wind continues to be a largely untapped resource. According to the Turn of Energy, Nebraska has the fourth-best wind energy resource in the citizens with boss than 900,000 MW of wind energy agreement - boss than 120 era the meaning of power needed to chummy the state's desires. Dispel, Nebraska is currently ranked 26th in wind energy production, with 459 MW of installed capacity- far underneath than nearby Iowa with 5,137 MW. Approach states such as Iowa, Kansas and Oklahoma presume constant sales tax exemptions for purchases completed in connection with the development of renewable energy. The new law comes at a circumstance gone TradeWind Energy of Lenexa, Kansas, is past the investment of 300 million to 400 million to develop the 200 MW Rattlesnake Inlet wind project in Dixon Zone in northeastern Nebraska. Nebraska is a shared power state, and producers of electricity are essential to last at least 10 percent of the generation from a project to Nebraska utilities.
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Location from CleanTechLaw.org: www.cleantechlaw.org
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