H.R. 3126 · 116th Congress
Saving Local News Act of 2019
- Stage
- In committee
- Sponsor
- Mark DeSaulnier
- Introduced
- 2019-06-05
- Latest action
- 2019-06-05 · Introduced in House
Summary
Saving Local News Act of 2019
This bill 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.