This bill amends sections 77-6203 and 77-6204 of the Nebraska Revised Statutes to modify the provisions related to the nameplate capacity tax on renewable energy generation facilities. Key changes include the introduction of a new penalty structure for late filings and payments, which will be collected by the Tax Commissioner and credited to the Department of Revenue Property Assessment Division Cash Fund starting January 1, 2027. Additionally, the bill specifies that the Department of Revenue will retain three percent of the tax proceeds for administrative costs, with the remaining funds distributed to the county treasurer within thirty days of receipt.

Furthermore, the bill clarifies the distribution of revenue collected from the nameplate capacity tax. It mandates that five percent of the revenue be allocated to the community college area where the facility is located, while the remainder is to be distributed to local taxing entities that would have received personal property tax revenue if not for the tax exemption. Notably, the bill removes the provision that the Department of Revenue would not retain any revenue for distribution to or from the General Fund, ensuring that counties will not keep any revenue for administrative costs related to the tax.

Statutes affected:
Introduced: 77-6203, 77-6204