US HB7640 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 59-20)
Status: Introduced on July 16 2020 - 25% progression, died in committee
Action: 2020-07-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 16 2020 - 25% progression, died in committee
Action: 2020-07-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows individual and business taxpayers certain tax credits for the support of local newspapers and media. Specifically, individual taxpayers may claim an income tax credit up to $250 for a local newspaper subscription. The bill also allows local newspaper employers a payroll tax credit for wages paid to an employee for service as a journalist and certain small businesses a tax credit for local newspaper and media advertising expenses.
Title
Local Journalism Sustainability Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-07-16 | House | Referred to the House Committee on Ways and Means. |
2020-07-16 | House | Introduced in House |
Subjects
Appropriations
Broadcasting, cable, digital technologies
Disability assistance
Employment taxes
Government trust funds
Income tax credits
Marketing and advertising
News media and reporting
Small business
Social security and elderly assistance
Taxation
Television and film
Wages and earnings
Broadcasting, cable, digital technologies
Disability assistance
Employment taxes
Government trust funds
Income tax credits
Marketing and advertising
News media and reporting
Small business
Social security and elderly assistance
Taxation
Television and film
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/7640/all-info |
Text | https://www.congress.gov/116/bills/hr7640/BILLS-116hr7640ih.pdf |