Local newspapers to be eligible for tax credits tied to local journalists
Dean Ridings | America’s Newspapers
The Payroll Credit for Compensation of News Journalists has been submitted as a component of the Ways and Means Committee’s markup that was released Monday morning. This credit, a key component of the Local Journalism Sustainability Act (LJSA), will provide local newsrooms the opportunity to receive a five-year tax credit of up to $25,000 per journalist in the first year and up to $15,000 in the subsequent four years.
The reconciliation bill has been submitted and is scheduled soon for a vote in the Ways & Means Committee….