The program--$30 million per year for three years--allows each eligible newspaper and broadcast business to receive a 50% refundable tax credit against the first $50,000 of an employee's salary, up to a total of $300,000 per business.
Apr 21, 2024
The benefit amounts to 50% of a local journalist's compensation up to a $50,000 salary in the first year, and 30% of the salary in the last four years. Who ...
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Apr 21, 2024 · Lawmakers and independent media companies praised the tax break, which will designate $30 million a year to the program, called the Local ...
This tax credit was derived from a bill, the Local Journalism Sustainability Act (S. 2434, 117th Congress), that was introduced by Sen. Maria Cantwell (WA), ...
As a freelance journalist or media professional, you may be eligible for various work-related deductions. Learn more.
Apr 21, 2024 · Eligible outlets can receive a refundable tax credit against 50% of the first $50,000 of a journalist's salary. No newsroom can receive can ...
A non-refundable tax credit for consumers of up to $250 annually to incentivize individual subscriptions to local news organizations. The credit can cover 80 ...
May 16, 2024 · Under Stadelman's proposal, contained in Senate Bill 3953, the state would offer a tax credit of up to $25,000 for each journalist on a media ...
Apr 20, 2024 · The New York Assembly and Senate on Saturday passed a first-of-its-kind journalism jobs tax credit in the 2025 budget.
Specifically, individual taxpayers may claim an income tax credit up to $250 for a local newspaper subscription. The bill also allows local newspaper employers ...