SB 399 - Current law authorizes a tax credit for business firms which engage in providing affordable housing assistance activities or market rate housing in distressed communities (Housing Credit), with the total amount of such tax credits not to exceed $10 million in a fiscal year. Current law also authorizes a tax credit for business firms which makes a contribution to a neighborhood organization that provides affordable housing assistance activities or market rate housing in distressed communities (Contribution Credit), with the total amount of such tax credits not to exceed $1 million in a fiscal year. This act provides that any amount of the $10 million in Housing Credits not authorized in a fiscal year may be authorized for Contribution Credits during the same fiscal year, provided that the total combined amount of Housing and Contribution credits shall not exceed $11 million during the fiscal year. This act is identical to HB 1303 (2025) and to a provision in HCS/SS/SB 67 (2025) and SS/SCS/HB 754 (2025), and is substantially similar to SB 1175 (2024), HB 2090 (2024), and SB 661 (2023), and to a provision in SCS/HCS/HB 1775 (2024). JOSH NORBERG