Local Journalism Sustainability Act
Last action on Jul 22, 2021Read twice and referred to the Committee on Finance.
Take Action
Summary
The Local Journalism Sustainability Act (S. 2434) proposes a series of federal tax credits designed to support local news organizations and encourage community engagement with local media. Under this bill, individual taxpayers could claim a credit of up to $250 per year to offset the cost of subscriptions to local newspapers. Additionally, the legislation provides tax incentives for small businesses that advertise in local outlets and offers payroll tax credits to local news organizations to help cover the wages of qualified journalists.
AI-generated summary
Lifecycle of the Bill
No events recorded for this stage yet.
