HR 7306
118th Congress
House
Taxation
Saving Local News Act
Introduced: February 9, 2024
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
Feb 9, 2024
Referred to the House Committee on Ways and Means.
Feb 9, 2024
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1