Providing an income tax credit for an eligible small business that purchases qualified local news organization advertising.

Summary

The bill would let qualifying small businesses claim a credit on their state income tax for money spent on advertising with local news organizations. The credit would be up to 50% of the first year's spend (capped at $5,000) and 25% in later years (capped at $2,500), with any unused credit carried forward for up to ten years. It also requires a certification from the news outlet and imposes penalties for false certifications.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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