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Tax Credits for Local Media and Small Business Support

This act introduces new tax credits for small businesses advertising in local media and for local newspaper publishers employing journalists. The goal is to support independent journalism and local enterprises, potentially leading to better access to local news and stronger community economies.
Key points
Small businesses (under 50 employees) can get a tax credit for advertising in local newspapers, radio, or TV. The credit is 80% of expenses in the first year (up to $5,000) and 50% in subsequent years (up to $2,500).
Local newspaper publishers can receive a payroll tax credit for employing local news journalists. The credit is 50% of wages for the first four quarters, then 30%.
The aim is to support local media that provide original news content about communities, which can help maintain diverse information sources and strengthen local economies.
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Expired
Citizen Poll
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Additional Information
Print number: 118_HR_4756
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2023-07-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Community News and Small Business Support Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4756.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-19.

What are the main provisions?

Key points include:

  • Small businesses (under 50 employees) can get a tax credit for advertising in local newspapers, radio, or TV. The credit is 80% of expenses in the first year (up to $5,000) and 50% in subsequent years (up to $2,500).
  • Local newspaper publishers can receive a payroll tax credit for employing local news journalists. The credit is 50% of wages for the first four quarters, then 30%.
  • The aim is to support local media that provide original news content about communities, which can help maintain diverse information sources and strengthen local economies.
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 Rep. Tenney, Claudia [R-NY-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Media and Culture Economy