Neb. High Court Says Wind Tax Credit Is Constitutional

Law360, New York (August 5, 2013, 4:43 PM ET) -- Nebraska's top court on Friday upheld a tax credit for wind energy companies that allows wind farm Elkhorn Ridge Wind LLC to credit nearly $1.6 million it previously paid in property toward its future tax bills, reversing a lower court decision that said the credit violated the state's constitution.

Prior to 2010, Nebraska wind energy generation facilities were taxed as personal property and depreciated over a five-year period. To decrease startup costs and encourage further wind development, state lawmakers in 2010 exchanged wind companies' property tax...
To view the full article, register now.

DEWEY LIVE BLOG

Follow our exclusive coverage of the trial of the year:

Catch up on the Dewey trial here