Community News and Small Business Support Act

Hozzl · 2025-03-19T03:08:20Z

Explore the details of House Bill 1753 Community News and Small Business Support Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/19/2025, 3:08 AM

Summary of Bill HR 1753

Bill 119 HR 1753, also known as the Local Journalism Sustainability Act, aims to provide tax incentives to support local media outlets. The bill was introduced in the US Congress with the goal of helping to sustain and strengthen local journalism, which plays a crucial role in informing communities and holding local governments accountable.

The key provisions of the bill include the creation of a refundable tax credit for local media outlets to cover up to 50% of the first $250,000 in wages for each journalist they employ. This tax credit is intended to help offset the costs of hiring and retaining journalists, who are essential for producing high-quality, independent reporting.

Additionally, the bill proposes a tax credit for individuals who subscribe to local newspapers or online news outlets. This credit would cover up to $250 of the cost of a subscription, encouraging more people to support local journalism and ensuring that these outlets have a stable source of revenue. Overall, the Local Journalism Sustainability Act is designed to address the challenges facing local media outlets, such as declining advertising revenue and competition from digital platforms. By providing tax incentives to support local journalism, the bill aims to ensure that communities have access to reliable, trustworthy news sources that keep them informed and engaged.

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Current Status of Bill HR 1753

Bill HR 1753 is currently in the status of Bill Introduced since February 27, 2025. Bill HR 1753 was introduced during Congress 119 and was introduced to the House on February 27, 2025. Bill HR 1753's most recent activity was Referred to the House Committee on Ways and Means. as of February 27, 2025

Bipartisan Support of Bill HR 1753

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1753

Primary Policy Focus

Alternate Title(s) of Bill HR 1753

To provide tax incentives that support local media.To provide tax incentives that support local media.

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Comments

Sponsors and Cosponsors of HR 1753

Claudia Tenney

New York(Republican)

Suzan K. DelBene

Washington(Democrat)

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