HB 2429 - Tax Corrections Act of 2021

• Repeals sections 43-1030 and 43-1087 relating to holocaust survivor subtraction and wage expense credits for temporary assistance recipients.

• Modifies the international operations center utility relief program to require renewable energy facility investments of at least $100 million within three years, with 51% self-consumption by year five of operation.

• Extends the research activities tax credit carryforward period from 15 to 10 consecutive years for taxable years beginning after December 31, 2021, and adjusts credit percentages for years beginning after December 31, 2030.

• Updates tax credit review schedules and removes section 43-1087 from the joint legislative income tax credit review committee's annual review cycle.

• Makes technical corrections to tax definitions, fiduciary return requirements, and confidential information disclosure provisions related to excise taxes on marijuana and medical establishments.