Modifies provisions relating to the neighborhood assistance act tax credit

HB 1303 modifies the tax credit for business contributions to neighborhood assistance programs. It increases the credit rate to 70% (from 50%) for contributions in qualifying small communities (population ≤15,000) or distressed areas, while setting annual caps of $6 million for general programs and $10 million for affordable housing programs. The bill requires businesses to certify contributions meet program criteria (e.g., targeting impoverished neighborhoods) and allows unused credits to carry over for up to 10 years.