HR 3126
116th Congress
House
Taxation
Income tax exclusion
Marketing and advertising
News media and reporting
Tax-exempt organizations
Saving Local News Act of 2019
Introduced: June 5, 2019
Introduced by:
DeSaulnier, Mark
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 5, 2019
Referred to the House Committee on Ways and Means.
Jun 5, 2019
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1