Rep. Andre Carson (D-Indiana) and Rep. Brian Fitzpatrick (R-Pennsylvania) are the first official co-sponsors of the Community News & Small Business Support Act (HR 4756).
Additional co-sponsors are expected to be announced soon.
The Community News & Small Business Support Act was introduced by Congresswoman Claudia Tenney (NY-24) and Congresswoman Suzan DelBene (WA-1), both members of the Ways and Means Committee.
The bipartisan legislation supports two institutions critical to sustaining hometown communities: local news organizations and small businesses. Much like the Local Journalism Sustainability Act, which was introduced in the 117th Congress, the Tenney-DelBene Act makes refundable tax credits available to local newspapers of up to $25,000 per journalist in the first year and up to $15,000 per journalist in the next four years.
The Act also makes non-refundable tax credits available to local businesses that advertise with local newspapers of up to $5,000 in the first year and $2,500 in the next four years.
No comments on this item Please log in to comment by clicking here