Bid to support journalists, papers with tax credits

Jul 22, 2020 at 07:46 pm by Staff


America's News Media Alliance is supporting a bill which would give tax credits to publishers for employing journalists.

The Local Journalism Sustainability Act is supported by a bipartisan group of policymakers in the House of Representatives.

It provides up to $250 a year to consumers to incentivise individual subscriptions; up to $25,000 in the first year for each qualified journalist (and up to $15,000 in subsequent four years); and a tax credit to encourage small to medium-sized businesses to advertise with local newspapers, radio and TV stations.

Qualifying news organizations must have 51 per cent or more of their audience in a state or single area within a 200-mile radius.

Alliance president and chief executive David Chavern says the legislation would help ensure local news publishers survive current crises, "and are around to cover the next ones".

At introduction, the bill received strong support from 15 members of the House of Representatives from both sides of the aisle.For more information please contact Alliance Senior VP, Public Policy, Paul Boyle.

Sections: Newsmedia industry

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