To provide tax incentives that support local newspapers and other local media, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill amends Internal Revenue Code to add Section 25F providing individuals a tax credit for local newspaper subscriptions, up to $250 annually at 80% first year and 50% thereafter, with 5-year sunset, creates new IRC Section 25F providing tax credit equal to applicable percentage (80%/50%) of amounts paid for local newspaper subscriptions, capped at $250/year, defining local newspaper as having original local, and creates payroll tax credit against section 3111(a) taxes for eligible local newspaper publishers, equal to 50%/30% of wages paid to local news journalists, up to $12,500 per journalist per quarter, with refundable. It relies on tax credits, definition changes, and subsidy. The main policy areas are Technology, Taxation, and Finance.
Who Benefits and How
Local newspaper publishers could see lower costs, Individual taxpayers subscribing to local newspapers could see lower costs, and Small businesses advertising locally could see lower costs.
Who Bears the Burden and How
Federal Treasury could face higher costs.
Key Provisions
- Amends Internal Revenue Code to add Section 25F providing individuals a tax credit for local newspaper subscriptions, up to $250 annually at 80% first year and 50% thereafter, with 5-year sunset.
- Creates new IRC Section 25F providing tax credit equal to applicable percentage (80%/50%) of amounts paid for local newspaper subscriptions, capped at $250/year, defining local newspaper as having original local...
- Creates payroll tax credit against section 3111(a) taxes for eligible local newspaper publishers, equal to 50%/30% of wages paid to local news journalists, up to $12,500 per journalist per quarter, with refundable...
- Amends Internal Revenue Code to add Section 45BB providing small businesses (under 50 employees) a tax credit for local media advertising expenses at 80%/$5,000 first year, 50%/$2,500 thereafter, with 5-year sunset.
- Creates new IRC Section 45BB establishing local media advertising credit for eligible small businesses, defining qualified advertising expenses as amounts paid for local newspaper or local broadcast advertising...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill amends Internal Revenue Code to add Section 25F providing individuals a tax credit for local newspaper subscriptions, up to $250 annually at 80% first year and 50% thereafter, with 5-year sunset, creates new IRC Section 25F providing tax credit equal to applicable percentage (80%/50%) of amounts paid for local newspaper subscriptions, capped at $250/year, defining local newspaper as having original local, and creates payroll tax credit against section 3111(a) taxes for eligible local newspaper publishers, equal to 50%/30% of wages paid to local news journalists, up to $12,500 per journalist per quarter, with refundable.
Key Policy Areas
Technology, Taxation, Finance
Primary Purpose
The bill amends Internal Revenue Code to add Section 25F providing individuals a tax credit for local newspaper subscriptions, up to $250 annually at 80% first year and 50% thereafter, with 5-year sunset, creates new IRC Section 25F providing tax credit equal to applicable percentage (80%/50%) of amounts paid for local newspaper subscriptions, capped at $250/year, defining local newspaper as having original local, and creates payroll tax credit against section 3111(a) taxes for eligible local newspaper publishers, equal to 50%/30% of wages paid to local news journalists, up to $12,500 per journalist per quarter, with refundable.
Policy Domains
Section 1 - Short Title
Identified Gains
- Local newspaper publishers
- Individual taxpayers subscribing to local newspapers
- Small businesses advertising locally
- Small businesses (under 50 employees)
- Local radio and TV stations
Identified Costs
- Federal Treasury
Legislative Progress
IntroducedMr. Mannion introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Local media outlets, Local news journalists, Local newspaper publishers
Federal Treasury, Social Security Trust Fund
Small businesses (under 50 employees), Small businesses advertising locally
Individual taxpayers subscribing to local newspapers
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
Print or digital publication with original content from primary sources relating to news and current events, primarily serving a regional/local community, employing at least one local news journalist residing in the community, and employing not greater than 750 employees
Individual who regularly gathers, collects, photographs, records, writes, or reports news or information concerning local events or matters of local public interest
Any person with average full-time employees less than 50 during the taxable year
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology