Bill > LB1021

This bill modifies the nameplate capacity tax, which is a tax on renewable energy generation facilities based on their electricity-producing capacity. Specifically, it changes how penalties for late or underpaid taxes are handled, directing them to be collected by the Tax Commissioner and credited to the Department of Revenue Property Assessment Division Cash Fund starting January 1, 2027. The bill also alters how the collected tax revenue is distributed: the Department of Revenue will now retain three percent of the proceeds for administrative costs of the relevant sections, and the remaining funds will be distributed to county treasurers. Importantly, county treasurers will no longer be allowed to keep any of the collected revenue for their own administrative expenses, a change from previous provisions that allowed the Department of Revenue to retain funds for distribution or allocation to the General Fund. These changes are intended to clarify and adjust the financial aspects of the nameplate capacity tax.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62736