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1 bill on this topic
“Eligible local newspaper publishers should be able to reduce their Social Security payroll taxes for wages paid to local news journalists. The credit should count only wages up to a quarterly cap for journalists who do enough local news work, and should not be available to government employers.”
1 bill on this topic
“Employers claiming the local reporter wage credit should face checks to prevent double dipping, related-company workarounds, improper payroll-provider claims, and staffing arrangements used to get around credit limits, with the IRS allowed five years to review claims.”
1 bill on this topic
“Local newspaper tax benefits should be limited to outlets that mainly publish original local or regional news, have at least one full-time reporter who lives in the covered community, have no more than 750 employees, and are not too closely tied to certain political or tax-exempt organizations.”
1 bill on this topic
“Small businesses with fewer than 50 full-time workers should be able to lower their federal taxes when they buy ads or sponsorships in qualifying local newspapers, radio stations, or TV stations, with larger credits in the first year and smaller capped credits later.”
1 bill on this topic
“The small business local advertising credit and the local reporter wage credit should both stop applying to periods that begin more than five years after they start.”
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