,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gfdj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #af1 #bjbj,mrs4 
,kirkpatrick 7= h]self1 ,mr4 ,ne:\se1   
,mr4 ,fitzpatrick1 ,mr4 ,suozzi1 ,mr4   
,wel*1 ,mr4 ,rodney ,davis ( ,ill9ois1  
,mr4 ,mc,kinley1 ,mr4 ,visclosky1 ,mr4  
,pet]son1 ,mr4 ,h>d] ( ,cali=nia1 ,mr4  
,heck1 ,mr4 ,takano1 ,mr4 ,c>son (      
,indiana1 ,mr4 ,fleis*mann1 ,mr4        
,grijalva1 ,mr4 ,lyn*1 & ,mr4 ,web] (   
,texas7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to provide tax inc5tives t
 support local newspap]s & o!r local    
m$ia1 & = o!r purposes4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,local       
,j\rnalism ,su/a9ability ,act4  #b4     
,cr$it = local newspap] subscriptions   
7a7 ,9 g5]al ,subp>t ,a ( "p ,,iv (     
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #be;,d ! foll[+ new       
section3  #be;,e4 ,local newspap]       
subscriptions  7a7 ,9 g5]al ,9 ! case ( 

an individual1 !re %all be all[$ z a    
cr$it aga9/ ! tax impos$ by ?is *apt] = 
! taxable ye> an am\nt equal to !       
applicable p]c5tage ( am\nts paid or    
incurr$ = subscriptions to "o or m local
 newspap]s = ! p]sonal use ( ! taxpay]4 
7b7 ,annual doll> limitation ,! cr$it   
all[$ "u subsection 7a7 to any taxpay] =
 any taxable ye> %all n exce$ #bej4  7c7
 ,applicable p]c5tage ,= purposes ( ?is 
section1 ! t]m applicable p]c5tage      
means-- 7#a7 9 ! case ( ! fir/ taxable  
ye> to :i* ?is section applies1 #hj     
p]c5t1 &  7#b7 9 ! case ( any subsequ5t 
taxable ye>1 #ej p]c5t4  7d7 ,local     
newspap] ,= purposes ( ?is section--    
7#a7 ,9 g5]al ,! t]m local newspap]     
means any pr9t or digital publication   
if-- 7,a7 ! prim>y cont5t ( su*         
publication is news & curr5t ev5ts1 &   
7,b7 at lea/ #ea p]c5t ( ! read]s ( su* 
publication 7includ+ bo? pr9t & digital 
v]sions7 reside 9-- 7i7 a s+le ,/ate or 
a s+le possession ( ! ,unit$ ,/ates1 or 
7ii7 a s+le area ) a #bjj-mile radius4  

7#b7 ,cont9u\s qualification ,!         
requirem5ts ( subp>agraphs 7,a7 & 7,b7 (
 p>agraph 7#a7 %all n be treat$ z met   
unless su* requirem5ts are met at all   
times dur+ ! p]iod beg9n+ on ! date :i* 
is #b ye>s be=e ! date ( ! enactm5t (   
?is section & end+ on ! date t !        
subscription describ$ 9 subsection 7a7  
is paid or incurr$4  7#c7 ,application  
to c]ta9 organizations exempt f tax ,9 !
 case ( any pr9t or digital publication 
:i* is publi%$ by any organization      
describ$ 9 section #eja7;c7 & exempt f  
tax "u section #eja7;a7-- 7,a7 su*      
publication %all be treat$ z a local    
newspap] only if ! publication ( pr9t & 
digital publications is ! prim>y        
activity ( su* organization1 &  7,b7 any
 p]son mak+ a *>itable contribution 7z  
def9$ 9 section #agj7;c77 to su*        
organization may elect to treat su*     
contribution z an am\nt paid or incurr$ 
= a subscription to :i* ?is section     
applies 9 lieu ( treat+ su* contribution
 z a *>itable contribution = purposes ( 

section #agj4  7e7 ,t]m9ation ,no cr$it 
%all be all[$ "u ?is section = any am\nt
 paid or incurr$ 9 a taxable ye> end+   
aft] ! close ( #e-ye> p]iod beg9n+ on ! 
date ( ! enactm5t ( ?is section4  4  7b7
 ,cl]ical am5dm5t ,! table ( sections = 
subp>t ,a ( "p ,,iv ( sub*apt] ,a (     
*apt] #a is am5d$ by ins]t+ aft] ! item 
relat+ to section #be;,d ! foll[+ new   
item3  ,sec4 #be;,e4 ,local newpap]     
subscriptions4  4  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to am\nts paid or incurr$ 9       
taxable ye>s end+ aft] ! date ( !       
enactm5t ( ?is ,act4  #c4 ,payroll cr$it
 = comp5sation ( j\rnali/s  7a7 ,9 g5]al
 ,9 ! case ( an eligible newspap]       
employ]1 !re %all be all[$ z a cr$it    
aga9/ ! taxes impos$ by section         
#caaa7;a7 ( ! ,int]nal ,rev5ue ,code (  
#aihf = ea* cal5d> qu>t] an am\nt equal 
to ! applicable p]c5tage ( ! qualifi$   
j\rnalism comp5sation paid to ea*       
individual = su* cal5d> qu>t]4  7b7     
,limitations & refundability  7#a7      

,comp5sation tak5 into acc\nt ,! am\nt (
 qualifi$ j\rnalism comp5sation paid )  
respect to any individual :i* may be    
tak5 into acc\nt "u subsection 7a7 dur+ 
any cal5d> qu>t] by ! eligible newspap] 
employ] %all n exce$ #ab1ejj4  7#b7     
,cr$it limit$ to employm5t taxes ,!     
cr$it all[$ by subsection 7a7 ) respect 
to any cal5d> qu>t] %all n exce$ !      
applicable employm5t taxes 7r$uc$ by any
 cr$its all[$ "u subsections 7e7 & 7f7 (
 section #caaa ( ! ,int]nal ,rev5ue     
,code ( #aihf1 sections #gjja & #gjjc ( 
! ,families ,fir/ ,coronavirus ,response
 ,act1 & section #bcja ( ! ,,c>es ,act7 
on ! wages paid ) respect to ! employm5t
 ( all ! employees ( ! eligible newspap]
 employ] = su* cal5d> qu>t]4  7#c7      
,refundability ( excess cr$it  7,a7 ,9  
g5]al ,if ! am\nt ( ! cr$it "u          
subsection 7a7 exce$s ! limitation (    
p>agraph 7#b7 = any cal5d> qu>t]1 su*   
excess %all be treat$ z an ov]paym5t t  
%all be refund$ "u sections #fdjb7;a7 & 
#fdac7;b7 ( ! ,int]nal ,rev5ue ,code (  

#aihf4  7,b7 ,treatm5t ( paym5ts ,=     
purposes ( section #acbd ( title #ca1   
,unit$ ,/ates ,code1 any am\nts due to !
 employ] "u ?is p>agraph %all be treat$ 
9 ! same mann] z a refund due f a cr$it 
provision ref]r$ to 9 subsection 7b77#b7
 ( su* section4  7c7 ,def9itions ,=     
purposes ( ?is section-- 7#a7           
,applicable p]c5tage ,! t]m applicable  
p]c5tage means-- 7,a7 9 ! case ( ea* ( !
 fir/ #d cal5d> qu>t]s to :i* ?is       
section applies1 #ej p]c5t2 &  7,b7 9 ! 
case ( ea* cal5d> qu>t] !reaft]1 #cj    
p]c5t4  7#b7 ,eligible newspap] employ] 
,! t]m eligible newspap] employ] means1 
) respect to any cal5d> qu>t]1 any      
employ] if sub/antially all ( ! gross   
receipts ( su* employ] = su* cal5d>     
qu>t] are d]iv$ f ! trade or bus9ess (  
publi%+ pr9t or digital publications--  
7,a7 ! prim>y cont5t ( :i* is news &    
curr5t ev5ts2 &  7,b7 at lea/ #ea p]c5t 
( ! read]s ( :i* reside 9-- 7i7 a s+le  
,/ate or a s+le possession ( ! ,unit$   
,/ates2 or  7ii7 a s+le area ) a        

#bjj-mile radius4  7#c7 ,qualifi$       
j\rnalism comp5sation  7,a7 ,9 g5]al ,! 
t]m qualifi$ j\rnalism comp5sation      
means-- 7i7 wages paid by an eligible   
newspap] employ] to an employee = s]vice
 z a j\rnali/2 &  7ii7 9 ! case (       
remun]ation paid to an individual :o is 
n an employee ( ! employ]1 su*          
remun]ation z w\ld describ$ 9 clause 7i7
 if su* individual 7 su* an employee4   
7,b7 ,j\rnali/ ,! t]m j\rnali/ means any
 individual :o regul>ly ga!rs1 prep>es1 
collects1 photographs1 records1 writes1 
edits1 reports1 or publi%es news or     
in=mation t conc]ns local1 national1 or 
int]national ev5ts or o!r matt]s (      
public int]e/ = dissem9ation to !       
public4  7#d7 ,secret>y ,! t]m ,secret>y
 means ! ,secret>y ( ! ,treasury or !   
,secret>y's delegate4  7#e7 ,o!r t]ms   
,any t]m us$ 9 ?is section :i* is also  
us$ 9 *apt] #ba ( ! ,int]nal ,rev5ue    
,code ( #aihf %all h ! same mean+ z :5  
us$ 9 su* *apt]4  7d7 ,aggregation rule 
,all p]sons treat$ z a s+le employ] "u  

subsection 7a7 or 7b7 ( section #eb ( ! 
,int]nal ,rev5ue ,code ( #aihf1 or      
subsection 7m7 or 7o7 ( section #dad (  
su* ,code1 %all be treat$ z "o employ] =
 purposes ( ?is section4  7e7 ,c]ta9    
rules ,to apply ,= purposes ( ?is       
section1 rules simil> to ! rules (      
sections #ea7;i77#a7 & #bhj;,c7a7 ( !   
,int]nal ,rev5ue ,code ( #aihf %all     
apply4  7f7 ,c]ta9 gov]nm5tal employ]s  
,?is cr$it %all n apply to ! ,gov]nm5t (
 ! ,unit$ ,/ates1 ! gov]nm5t ( any ,/ate
 or political subdivision !re(1 or any  
ag5cy or in/rum5tality ( any ( ! =ego+4 
7g7 ,election ,to h section ,n apply    
,?is section %all n apply ) respect to  
any eligible newspap] employ] = any     
cal5d> qu>t] if su* employ] elects 7at  
su* "t & 9 su* mann] z ! ,secret>y may  
prescribe7 n to h ?is section apply4    
7h7 ,special rules  7#a7 ,employee n    
tak5 into acc\nt m ?an once ,an employee
 %all n be includ$ = purposes ( ?is     
section = any p]iod ) respect to any    
employ] if su* employ] is all[$ a cr$it 

"u section #ea ( ! ,int]nal ,rev5ue     
,code ( #aihf ) respect to su* employee 
= su* p]iod4  7#b7 ,d5ial ( d\ble b5efit
 ,any wages tak5 into acc\nt 9 det]m9+ !
 cr$it all[$ "u ?is section %all n be   
tak5 into acc\nt = purposes ( det]m9+ ! 
cr$it all[$ "u section #de,s ( su*      
,code4  7#c7 ,?ird-p>ty payors ,any     
cr$it all[$ "u ?is section %all be      
treat$ z a cr$it describ$ 9 section     
#ceaa7;d77#b7 ( su* ,code4  7i7         
,transf]s to ,f$]al ,old-,age &         
,survivors ,insurance ,tru/ ,fund ,!re  
are h]eby appropriat$ to ! ,f$]al       
,old-,age & ,survivors ,insurance ,tru/ 
,fund & ! ,f$]al ,disability ,insurance 
,tru/ ,fund e/abli%$ "u section #bja ( !
 ,social ,security ,act 7#db ,u4,s4,c4  
#dja7 am\nts equal to ! r$uction 9      
rev5ues to ! ,treasury by reason ( ?is  
section 7)\t reg>d to ?is subsection74  
,am\nts appropriat$ by ! prec$+ s5t5ce  
%all be transf]r$ f ! g5]al fund at su* 
times & 9 su* mann] z to replicate to ! 
ext5t possible ! transf]s :i* w\ld h    

occurr$ to su* ,tru/ ,fund or ,acc\nt _h
 ?is section n be5 enact$4  7j7         
,treatm5t ( deposits ,! ,secret>y %all  
waive any p5alty "u section #ffef ( !   
,int]nal ,rev5ue ,code ( #aihf = any    
failure to make a deposit ( any         
applicable employm5t taxes if !         
,secret>y det]m9es t su* failure 0 due  
to ! reasonable anticipation ( ! cr$it  
all[$ "u ?is section4  7k7 ,regulations 
& guidance ,! ,secret>y %all issue su*  
=ms1 in/ructions1 regulations1 &        
guidance z are necess>y-- 7#a7 to all[ !
 advance paym5t ( ! cr$it "u subsection 
7a71 subject to ! limitations provid$ 9 
?is section1 bas$ on su* in=mation z !  
,secret>y %all require2  7#b7 to provide
 = ! reconciliation ( su* advance paym5t
 ) ! am\nt advanc$ at ! "t ( fil+ !     
return ( tax = ! applicable cal5d> qu>t]
 or taxable ye>2 &  7#c7 ) respect to ! 
application ( ! cr$it "u subsection 7a7 
to ?ird-p>ty payors 7includ+ pr(essional
 employ] organizations1 c]tifi$         
pr(essional employ] organizations1 or   

ag5ts "u section #cejd ( ! ,int]nal     
,rev5ue ,code ( #aihf71 includ+         
regulations or guidance all[+ su* payors
 to submit docum5tation necess>y to     
sub/antiate ! eligible employ] /atus (  
employ]s t use su* payors4  7l7         
,application ,?is section %all only     
apply to ! fir/ #bj cal5d> qu>t]s beg9n+
 aft] ! date ( ! enactm5t ( ?is ,act4   
#d4 ,cr$it = adv]tis+ 9 local newspap]s 
& local m$ia  7a7 ,9 g5]al ,subp>t ,d ( 
"p ,,iv ( sub*apt] ,a ( *apt] #a ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#de,u4 ,adv]tis+ 9 local newspap]s &    
local m$ia  7a7 ,9 g5]al ,= purposes (  
section #ch1 9 ! case ( any eligible    
small bus9ess1 ! local m$ia adv]tis+    
cr$it det]m9$ "u ?is section = any      
taxable ye> is an am\nt equal to !      
applicable p]c5tage ( ! qualifi$ local  
m$ia adv]tis+ exp5ses paid or incurr$ by
 ! taxpay] dur+ su* taxable ye>4  7b7   
,limitation ,! cr$it all[$ "u subsection
 7a7 to any taxpay] = any taxable ye>   

%all n exce$-- 7#a7 9 ! case ( ! fir/   
taxable ye> to :i* ?is section applies1 
#e1jjj1 &  7#b7 9 ! case ( any subsequ5t
 taxable ye>1 #b1ejj4  7c7 ,applicable  
p]c5tage ,= purposes ( ?is section1 !   
t]m applicable p]c5tage means-- 7#a7 9 !
 case ( ! fir/ taxable ye> to :i* ?is   
section applies1 #hj p]c5t1 &  7#b7 9 ! 
case ( any subsequ5t taxable ye>1 #ej   
p]c5t4  7d7 ,eligible small bus9ess ,=  
purposes ( ?is section1 ! t]m eligible  
small bus9ess means any p]son = any     
taxable ye> if ! av]age numb] ( full-"t 
employees 7z det]m9$ = purposes (       
det]m9+ :e!r an employ] is an applicable
 l>ge employ] = purposes ( section      
#dihj;,h7c77#b7 ( ! ,int]nal ,rev5ue    
,code ( #aihf7 employ$ by su* p]son dur+
 su* taxable ye> 0 less ?an #a1jjj4  7e7
 ,qualifi$ local m$ia adv]tis+ exp5ses  
,= purposes ( ?is section-- 7#a7 ,9     
g5]al ,! t]m qualifi$ local m$ia        
adv]tis+ exp5ses means am\nts paid or   
incurr$ 9 ! ord9>y c\rse ( a trade or   
bus9ess = adv]tis+ 9 a local newspap] 7z

 def9$ 9 section #be;,e7d77 or a        
broadca/ ( a local radio or television  
/ation4  7#b7 ,local radio or television
 /ation ,! t]m local radio or television
 /ation means any broadca/ radio or     
television /ation lic5s$ by ! ,f$]al    
,communications ,commission to s]ve a   
local community4  7f7 ,special rules    
7#a7 ,d5ial ( d\ble b5efit ,no d$uction 
%all be all[$ = any qualifi$ local m$ia 
adv]tis+ exp5ses o!rwise all[able z a   
d$uction = ! taxable ye> :i* is equal to
 ! am\nt ( ! cr$it det]m9$ = su* taxable
 ye> "u subsection 7a74  7#b7           
,aggregation rule ,all p]sons treat$ z a
 s+le employ] "u subsection 7a7 or 7b7 (
 section #eb ( ! ,int]nal ,rev5ue ,code 
( #aihf1 or subsection 7m7 or 7o7 (     
section #dad ( su* ,code1 %all be treat$
 z "o employ] = purposes ( ?is section4 
7g7 ,t]m9ation ,no cr$it %all be all[$  
"u ?is section = any am\nt paid or      
incurr$ 9 a taxable ye> end+ aft] !     
close ( #e-ye> p]iod beg9n+ on ! date ( 
! enactm5t ( ?is section4  4  7b7 ,cr$it

 all[$ z "p ( g5]al bus9ess cr$it       
,section #ch7;b71 z am5d$ by ! prec$+   
provisions ( ?is ,act1 is fur!r am5d$ by
 /rik+ plus at ! end ( p>agraph 7#cb71  
by /rik+ ! p]iod at ! end ( p>agraph    
7#cc7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#cd7 9 !   
case ( an eligible small bus9ess1 !     
local m$ia adv]tis+ cr$it det]m9$ "u    
section #de,u7a74  4  7c7 ,cl]ical      
am5dm5t ,! table ( sections = subp>t ,d 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #de,u4 ,adv]tis+
 9 local newspap]s & local m$ia4  4  7d7
 ,effective date ,! am5dm5ts made by ?is
 section %all apply to am\nts paid or   
incurr$ 9 taxable ye>s end+ aft] ! date 
( ! enactm5t ( ?is ,act4