US HB3126 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on June 5 2019 - 25% progression, died in committee
Action: 2019-06-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 5 2019 - 25% progression, died in committee
Action: 2019-06-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Includes as a tax-exempt 501(c)(3) nonprofit purpose the publication (including electronic publication) of written news articles. Currently, a tax-exempt nonprofit purpose includes religious, charitable, scientific, and other purposes, as specified. In the case of an organization that is tax-exempt due to the publication of written news articles, the term unrelated business taxable income does not include any amount attributable to payments for advertisements in news publications.
Title
Saving Local News Act of 2019
Sponsors
| Rep. Mark DeSaulnier [D-CA] | Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-05 | House | Referred to the House Committee on Ways and Means. |
| 2019-06-05 | House | Introduced in House |
Subjects
Income tax exclusion
Marketing and advertising
News media and reporting
Tax-exempt organizations
Taxation
Marketing and advertising
News media and reporting
Tax-exempt organizations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/3126/all-info |
| Text | https://www.congress.gov/116/bills/hr3126/BILLS-116hr3126ih.pdf |
