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Tax Exemptions for Local News: Supporting Journalism

This act aims to support local news organizations by allowing them to qualify for tax-exempt status, similar to charities. This means local newspapers and online news outlets can more easily sustain their operations, leading to better access for citizens to reliable information about their communities. Additionally, advertising revenue for these organizations will not be taxed, enhancing their financial stability.
Key points
Organizations publishing written news articles (including electronic) can apply for tax-exempt status, similar to charitable organizations.
Advertising income for these news organizations will not be considered unrelated business taxable income.
The application process for tax-exempt status for news organizations will be expedited to a maximum of 12 months.
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Expired
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Additional Information
Print number: 118_HR_7306
Sponsor: Rep. DeSaulnier, Mark [D-CA-10]
Process start date: 2024-02-09
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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

Saving Local News Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7306.

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 2024-02-09.

What are the main provisions?

Key points include:

  • Organizations publishing written news articles (including electronic) can apply for tax-exempt status, similar to charitable organizations.
  • Advertising income for these news organizations will not be considered unrelated business taxable income.
  • The application process for tax-exempt status for news organizations will be expedited to a maximum of 12 months.
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. DeSaulnier, Mark [D-CA-10].

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