Community News and Small Business Support Act
- Last Action
- 7/19/2023
Actions
- 2023-07-19Referred to the House Committee on Ways and Means.
- 2023-07-19Introduced in House
- 2023-07-19Introduced in House
CRS Summary
As of 2023-07-19 (00)
Community News and Small Business Support Act
This bill allows certain small businesses and employers of journalists tax credits for advertising in local media and for the wages of not more than 1,500 local news journalists in any calendar quarter. Specifically, the tax credit for advertising in local media allows small businesses with less than 50 full-time employees a limited credit for the expense of advertising in a local newspaper, or in any licensed broadcast radio or television station that serves a local community.
The credit for the wages of a local news journalist is a payroll tax credit that takes into account wages not exceeding $12,500 in any calendar quarter.
Cosponsors (20)
- Suzan DelBene (D-WA)
- Brian Fitzpatrick (R-PA)
- André Carson (D-IN)
- William Keating (D-MA)
- Chris Pappas (D-NH)
- Michael Lawler (R-NY)
- Earl Carter (R-GA)
- Marcus Molinaro (R-NY)
- Jill Tokuda (D-HI)
- Garret Graves (R-LA)
- Derek Kilmer (D-WA)
- Anthony D'Esposito (R-NY)
- Patrick Ryan (D-NY)
- Thomas Tiffany (R-WI)
- Susan Wild (D-PA)
- Daniel Webster (R-FL)
- Pramila Jayapal (D-WA)
- Gus Bilirakis (R-FL)
- Sharice Davids (D-KS)
- Andrew Garbarino (R-NY)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.