HR1753Referred to Committee

Community News and Small Business Support Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-02-27
Introduced
9
Cosponsors
HR
ⓘ
Type

Sponsor

Claudia Tenney
Claudia Tenney
Republican · NY · Representative
Votes with party: 98.7% (550 recorded votes)

Full profile: /officials/T000478

Source: Congress.gov · FEC

Cosponsors (9)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2025-02-27

Source: Congress.gov

Committee Activity

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Plain-English Summary

Community News and Small Business Support Act This bill establishes a temporary business tax credit for expenses incurred by an eligible small business to advertise in local media. The bill also establishes a temporary refundable tax credit for a percentage of wages paid by an eligible employer to local news journalists. (Limitations apply.) Under the bill, an eligible small business (a business with an average of fewer than 50 employees) may claim a tax credit for (1) 80% of local media advertising expenses, up to a maximum of $5,000, in the first year of the tax credit; and (2) 50% of such expenses, up to a maximum of $2,500, in the subsequent four years. (Other conditions and limitations may apply.) The bill also allows an eligible employer to claim each calendar quarter a refundable tax credit against Medicare payroll taxes for (1) 50% of wages paid to a local news journalist in the first four calendar quarters of the tax credit, and (2) 30% of such wages paid in each calendar quarter in the subsequent four years. However, under the bill, the tax credit for local news journalist wages is limited to $12,500 in wages paid per local news journalist per quarter and the wages of no more than 1,500 local news journalists may be included. Further, the tax credit may not be claimed for wages for which certain other tax credits (e.g., the tax credit for paid family and medical leave) are claimed. (Other conditions and limitations may apply.)

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Taxation
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Related legislation

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