Biodiesel Information

Nebraska Biodiesel Information 2017

Jurisdiction:      Nebraska      

Year of Report:    2017      

1) Jurisdiction provides either a refund or an exemption, impose a tax rate different than diesel, or offer an incentive (i.e. producers' or income tax credit):  Yes

2) Jurisdiction offers a refund for tax paid on biodiesel for IFTA carriers:  

Effective date of the legislation:  

Brief description of the legislation:  

3) Jurisdiction offers a biodiesel tax exemption for IFTA carriers:  

Effective date of the legislation:  

Brief description of the legislation:  

4) Jurisdiction imposes a tax on biodiesel at a rate different than the tax imposed on diesel:  No

Effective date of the biodiesel tax rate:  

5) Instructions for the IFTA licensees based in your jurisdiction to report biodiesel use on the IFTA return. :  

6) Biodiesel incentive such as a producer's credit or an income tax credit:  

Effective date of the legislation:  2007, LB343, ? 2.

Type of biodiesel incentive is offered:  Nebraska allows a nonrefundable income tax credit to taxpayers who make an investment after Jan 1, 2008, and prior to Jan 1, 2015, in a biodiesel facility. See the following for more details: Biodiesel Production Investment Tax Credit: Investors in Nebraska biodiesel production facilities are eligible to receive an income tax credit of up to 30% of the amount invested in the facility, not to exceed $250,000 of credit per taxpayer. The credit is only available for facilities that produce B100, perform all processing in Nebraska, and are at least 51% owned by Nebraska individuals or entities. The tax credit may be reclaimed if the biodiesel production facility remains in operation for less than three years. (Reference Neb. Rev. Stat. ? 77-27,236).

7) Website that includes information regarding biodiesel:  Click Here