H.R. 7306 · 118th Congress
Saving Local News Act
- Stage
- In committee
- Sponsor
- Mark DeSaulnier
- Introduced
- 2024-02-09
- Latest action
- 2024-02-09 · Introduced in House
Summary
Saving Local News Act
This bill includes as a tax-exempt 501(c)(3) charitable organization purpose the publication (including electronic publication) of written news articles.
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.