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Saving Local News Act

12/30/2022, 8:18 AM

Summary of Bill HR 6068

The Saving Local News Act, also known as Bill 117 hr 6068, is a piece of legislation introduced in the US Congress aimed at supporting and preserving local news outlets. The bill seeks to address the decline of local journalism by providing financial assistance to local news organizations.

Under the Saving Local News Act, eligible local news outlets would be able to apply for grants to help cover operating costs, such as salaries for journalists and production expenses. The bill also includes provisions for tax credits for individuals who subscribe to local news publications, as well as incentives for businesses to advertise in local newspapers and websites.

Supporters of the bill argue that local journalism plays a crucial role in informing communities and holding local governments accountable. They believe that the decline of local news outlets has led to a lack of transparency and accountability in many communities, and that the Saving Local News Act is necessary to ensure the survival of local journalism. Critics of the bill, however, raise concerns about government intervention in the media industry and the potential for bias in the distribution of grants. They argue that the government should not be involved in funding news organizations, and that the market should determine which outlets survive. Overall, the Saving Local News Act is a proposed piece of legislation that aims to support and preserve local journalism through financial assistance to local news outlets. The bill has sparked debate among lawmakers and media professionals, with supporters arguing that it is necessary to ensure the survival of local journalism, and critics raising concerns about government intervention in the media industry.

Congressional Summary of HR 6068

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.

Current Status of Bill HR 6068

Bill HR 6068 is currently in the status of Bill Introduced since November 23, 2021. Bill HR 6068 was introduced during Congress 117 and was introduced to the House on November 23, 2021.  Bill HR 6068's most recent activity was Referred to the House Committee on Ways and Means. as of November 23, 2021

Bipartisan Support of Bill HR 6068

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
12
Democrat Cosponsors
12
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6068

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6068

Saving Local News Act
Saving Local News Act
To amend the Internal Revenue Code of 1986 to include publication of written news articles as a tax-exempt purpose for organizations, and for other purposes.

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