3.0.0 3126 2022-11-01T06:47:30Z 2022-11-01T06:47:30Z House HR 2019-06-05 116 [Congressional Record Volume 165, Number 94 (Wednesday, June 5, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DeSAULNIER:H.R. 3126.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8.[Page H4344]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-06-05T13:05:00Z 2019-06-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-06-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-06-05 Introduced in House IntroReferral 1000 9 Library of Congress D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 N W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2019-06-18 False Taxation Income tax exclusion Marketing and advertising News media and reporting Tax-exempt organizations Taxation 00 2019-06-05 Introduced in House 2020-02-12T19:45:07Z Saving Local News Act of 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.

]]> Saving Local News Act of 2019 Display Title Saving Local News Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to include publication of written news articles as a tax-exempt purpose for organizations, and for other purposes. Introduced in House IH Short Title(s) as Introduced Saving Local News Act of 2019 Introduced in House IH Introduced in House 2019-06-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3126ih/xml/BILLS-116hr3126ih.xml 2019-06-05 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.