Local Journalism Sustainability Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4514 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4514 To provide tax incentives that support local newspapers and other local media, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 17, 2025 Mr. Mannion introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To provide tax incentives that support local newspapers and other local media, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Local Journalism Sustainability Act''. SEC. 2. CREDIT FOR LOCAL NEWSPAPER SUBSCRIPTIONS. (a) In General.--Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following new section: ``SEC. 25F. LOCAL NEWSPAPER SUBSCRIPTIONS. ``(a) In General.--In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the applicable percentage of amounts paid or incurred for subscriptions to one or more local newspapers for the personal use of the taxpayer. ``(b) Annual Dollar Limitation.--The credit allowed under subsection (a) to any taxpayer for any taxable year shall not exceed $250. ``(c) Applicable Percentage.--For purposes of this section, the term `applicable percentage' means-- ``(1) in the case of the first taxable year to which this section applies, 80 percent, and ``(2) in the case of any subsequent taxable year, 50 percent. ``(d) Local Newspaper.--For purposes of this section-- ``(1) In general.--The term `local newspaper' means any print or digital publication if-- ``(A) the primary content o