Modifies provisions relating to tax credits

HB 682 increases tax credits for businesses contributing to approved community programs, allowing up to 70% of eligible contributions as tax savings (capped at $6 million annually). It offers enhanced incentives for contributions in small towns (under 15,000 residents) or distressed areas, with separate rules for affordable housing investments (55% credit, capped at $10 million yearly). Businesses must certify program eligibility and housing income compliance, and unused credits can carry forward for up to 10 years. The bill excludes tax credits for banks, insurance companies, or normal business activities.