New legislation offers tax breaks to news organizations, small businesses

opportunity,” Mullen said. “Newspapers are a lifeblood for our communities. They are a reflection of their populations. I wouldn’t be able to work in this business, or make these transactions happen without the support of the town, right here.”

Local group publisher Keith Cerny, who is staying with the newspapers as they transition to new ownership, said:

“It has been a pleasure working for News Media the past 35 years,” Cerny said. “Not many changes are expected with the new owner, and we plan to continue the best in local news coverage that readers of all of our publications have come to expect.”

New legislation to support local newsrooms and local advertisers has been introduced in the 118th Congress.

The Community News & Small Business Support Act was introduced by Congresswoman Claudia Tenney (NY-24) and Congresswoman Suzan DelBene (WA-1), both members of the Ways and Means Committee.

The bipartisan legislation supports two institutions critical to sustaining hometown communities: local news organizations and small businesses.

Much like the Local Journalism Sustainability Act, which was introduced in the 117th Congress, this act makes refundable tax credits available to local newspapers of up to $25,000 per journalist in the first year and up to $15,000 per journalist in the next four years.

The Act also makes non-refundable tax credits available to local businesses that advertise with local newspapers of up to $5,000 in the first year and $2,500 in the next four years.

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