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Tax breaks for wind energy could attract development, revenue

LINCOLN – Nebraska would become one of only two states in the country that offer tax credits for renewable energy generation under a bill introduced by Sen. Jeremy Nordquist of Omaha.

The Legislature’s Revenue Committee heard testimony March 6 on LB 411.

The bill would offer a new tax incentive for solar, wind, biomass and landfill gas energy producers just as the federal tax credit on renewable energy production is set to expire at the end of 2013.

“Us having something like this in place would make us a magnet for renewable energy developers,” Nordquist said. He said the tax incent...

 

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