Two additional Congressional representatives have signed on as co-sponsors of the Community News & Small Business Support Act (H.R. 4756), bringing the number of sponsors/co-sponsors to 48.
Newly added are Rep. Rashida Tlaib (D-MI-12) and Rep. Greg Casar (D-TX-35).
The act was introduced in the 118th Congress by Congresswoman Claudia Tenney (NY-24) and Congresswoman Suzan DelBene (WA-1), both members of the Ways and Means Committee.
The bipartisan legislation supports two institutions critical to sustaining hometown communities: local news organizations and small businesses. The act makes refundable tax credits available to local newspapers to reinvest in professional journalists who cover local news topics.
The act also makes non-refundable tax credits available to local businesses that advertise with local newspapers, providing an additional stimulus to the local economy.
The Community News & Small Business Support Act is intended to provide support to community newspapers.
