HR 4756
118th Congress
House
Taxation
Community News and Small Business Support Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 19, 2023
Referred to the House Committee on Ways and Means.
Jul 19, 2023
Introduced in House
Plain-English summary
Community News and Small Business Support Act
This bill allows certain small businesses and employers of journalists tax credits for advertising in local media and for the wages of not more than 1,500 local news journalists in any calendar quarter. Specifically, the tax credit for advertising in local media allows small businesses with less than 50 full-time employees a limited credit for the expense of advertising in a local newspaper, or in any licensed broadcast radio or television station that serves a local community.
The credit for the wages of a local news journalist is a payroll tax credit that takes into account wages not exceeding $12,500 in any calendar quarter.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1