NE: Property tax replaced by renewables capacity tax

Nebraska had enacted legislation (L.B. 424) revising the definition of tangible personal property to include generation facilities using solar PV and certain forms of biomass as a fuel source. Previously, only wind energy facilities fell under this definition. The new law allows an exemption from the property tax levied on depreciable tangible personal property for any such property used directly for the generation of electricity via PV, wind, or certain forms of biomass with a minimum capacity of 100 kW. In place of a property tax, these systems are subject to a nameplate capacity tax of $3,518/MW times the local tax rate, which was previously the case for wind energy systems.