Modifies provisions relating to the "Neighborhood Assistance Act" tax credit

HB 2090 modifies the Neighborhood Assistance Act tax credit to provide financial incentives for businesses and financial institutions that contribute to community development programs. The bill adjusts the percentage of tax credits available based on the location of the project, offering up to 70% for contributions in smaller, rural, or agriculturally dependent counties, while limiting credits to 50% for other areas unless the project serves impoverished or distressed neighborhoods. Additionally, the legislation updates rules for affordable housing investments, allowing tax credits for equity or loans when paired with donations and extending the carryover period for unused credits to ten years. These changes aim to encourage private sector investment in economic revitalization and affordable housing within specific community types.