H.R.3126 - Saving Local News Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. DeSaulnier, Mark [D-CA-11] (Introduced 06/05/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 06/05/2019 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.3126 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (06/05/2019)
This bill includes as a tax-exempt 501(c)(3) nonprofit purpose the publication (including electronic publication) of written news articles. Currently, a tax-exempt nonprofit purpose includes religious, charitable, scientific, and other purposes, as specified.
In the case of an organization that is tax-exempt due to the publication of written news articles, the term unrelated business taxable income does not include any amount attributable to payments for advertisements in news publications.