LINCOLN, Neb. (AP) — A new effort to lure wind farms to Nebraska is sparking a debate among lawmakers.
Supporters argued Tuesday that a tax credit bill in the Legislature would help Nebraska compete with other states that are promoting development of wind, solar, biomass and other renewable energies.
The measure by Sen. Jeremy Nordquist of Omaha would expand an existing tax credit for new facilities.
Many smaller companies sell the tax credit at a discount to help finance their projects. Nordquist says expanding the credit is needed to align Nebraska with states like Oklahoma, Iowa and Kansas.
Opponents questioned whether the state would see a direct benefit from such projects, and argued that companies selling their credits at a steep discount would deprive the state of revenue.
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The bill is LB423
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