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Congress·In Committee·H.R. 1753

Community News and Small Business Support Act

Local Media: Tax Credits for Small Business Ads and Newsrooms

about 1 year ago·View on Congress.gov·Read full text

This bill was recently introduced and is currently being reviewed by the House Committee on Ways and Means. It is in the early stages of the legislative process and is considered active. There are no upcoming votes scheduled at this time.

Legislative Progress

House
Senate
President
Law
Could go either way

The bill has support from both parties, which helps its chances. However, many bills like this are introduced every year and often get stuck in committee because of their cost.

Key Points

  • Small businesses with fewer than 50 employees could get a tax credit for advertising in local newspapers, radio, or TV stations. In the first year, the credit covers 80% of costs up to $5,000, then drops to 50% and a $2,500 limit for the next four years.
  • Local news organizations would receive a payroll tax credit to help pay their journalists. This credit covers 50% of a reporter's wages in the first year and 30% in following years, with a limit of $12,500 per quarter for each journalist.
  • To qualify for the help, news outlets must be local, employ at least one full-time journalist who lives in the community, and have fewer than 750 employees. This ensures the money goes to community news rather than large national corporations.
  • The program is designed to be temporary and would end after five years. It aims to help local newsrooms stay open and encourage small businesses to grow by making advertising more affordable.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions
Feb 27, 2025House

Referred to the House Committee on Ways and Means.

Feb 27, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Related Bills

No related bills have been identified yet.

Source Information

Document Type

Congressional Bill

Official Title

Community News and Small Business Support Act

Bill NumberHR 1753
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.
Read Full Bill Text

Sponsor

Cosponsors

(8)
D: 5R: 3

Analysis generated by AI. Always verify with official sources.