AN ACT ESTABLISHING A REFUNDABLE TAX CREDIT FOR NEWS ORGANIZATIONS THAT COVER LOCAL COMMUNITIES IN THE STATE.

Summary

The bill provides a tax credit of $15,000 for each journalist a news organization employs and $25,000 for each new journalist it hires, with a maximum credit of $150,000 per organization. It is intended to encourage coverage of local communities in the state. The credit would apply to news organizations that report on local Connecticut news and the journalists they employ.

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