creating a temporary local newspaper advertisement tax credit.
Special Order to next order of business (Rep. Perez): MF DV 141-203 03/12/2026 HJ 8 P. 71
Summary
HB 1420 adds a new tax credit that small businesses (10 employees or fewer) can claim when they purchase advertising from local newspapers or broadcast stations that meet specific local‑news criteria. The credit is applied against the Business Profits Tax and Business Enterprise Tax, with any excess treated as a refundable overpayment (no interest). The measure aims to support local media outlets and encourage businesses to keep advertising dollars in the community.
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