Modifies provisions relating to a tax credit for neighborhood assistance programs

SB 399 modifies the existing tax credit program that allows businesses to receive tax breaks for funding neighborhood assistance programs. It directly affects businesses that contribute to local neighborhood initiatives, changing how they qualify for or claim the credit. The bill alters specific provisions of the current tax credit structure, though the exact nature of the changes isn't detailed in the provided abstract. As of now, the bill is in the early stages of review, having been referred to the Senate Economic and Workforce Development Committee. This legislation has not yet become law.