SB 1348 - Tax Corrections Act of 2020

• Repeals income tax credits for solar equipment (section 43-1080), business site donations (section 43-1162), and environmental technology facilities (sections 43-1170.01 and 43-1181), with carryforwards from prior years remaining valid.

• Amends vacation rental and short-term rental regulations for cities, towns, and counties to prohibit restrictions based on classification while allowing regulations for health/safety, zoning, nuisance issues, and requiring owner contact information.

• Makes technical corrections to income tax provisions including adjustments to individual return filing requirements based on gross income thresholds, corporate tax additions and subtractions, and depreciation-related deductions.

• Modifies various tax credits including healthy forest enterprise employment credit (section 43-1076), agricultural pollution control equipment credit (section 43-1081.01), and school site donation credit (section 43-1089.02).

• Applies retroactively to taxable years beginning December 31, 2019 for most provisions, with certain amendments applying to years beginning December 31, 2017 and 2018 as specified.