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Tax Incentives for Local Journalism and Media Support

This act introduces new tax credits to support local newspapers and other local media. Individuals can receive a credit for a portion of their local newspaper subscription costs, and small businesses will benefit from advertising credits in local media. Additionally, employers of local journalists can receive payroll tax credits.
Key points
Tax credit for local newspaper subscriptions: You can get back up to 80% of subscription costs in the first year (up to $250), and up to 50% in subsequent years.
Credits for small businesses advertising: Small businesses (under 50 employees) can receive a credit of up to 80% of local newspaper, radio, or TV advertising costs in the first year (up to $5,000), and up to 50% (up to $2,500) in subsequent years.
Support for local journalist employers: Companies employing local journalists can receive a payroll tax credit, aiming to help maintain jobs in local media.
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Additional Information
Print number: 117_S_2434
Sponsor: Sen. Cantwell, Maria [D-WA]
Process start date: 2021-07-22
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Local Journalism Sustainability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2434.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-22.

What are the main provisions?

Key points include:

  • Tax credit for local newspaper subscriptions: You can get back up to 80% of subscription costs in the first year (up to $250), and up to 50% in subsequent years.
  • Credits for small businesses advertising: Small businesses (under 50 employees) can receive a credit of up to 80% of local newspaper, radio, or TV advertising costs in the first year (up to $5,000), and up to 50% (up to $2,500) in subsequent years.
  • Support for local journalist employers: Companies employing local journalists can receive a payroll tax credit, aiming to help maintain jobs in local media.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cantwell, Maria [D-WA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Media and Culture