California AB2222 provides tax credits for local news outlets and businesses that employ journalists.

California AB2222 amends the Revenue and Taxation Code to introduce tax credits for local news outlets and businesses that employ journalists. The bill defines "qualifying journalist" as someone employed full-time or part-time with specific wage requirements. It provides credits for each qualifying journalist employed, with additional amounts for new journalism positions. The bill also outlines requirements for local news outlets, including maintaining an editorial policy for error correction and being free from control by disqualified organizations.

California AB2222 provides tax credits for local news outlets and businesses that employ journalists.

California AB2222 amends the Revenue and Taxation Code to introduce tax credits for local news outlets and businesses that employ journalists. The bill defines "qualifying journalist" as someone employed full-time or part-time with specific wage requirements. It provides credits for each qualifying journalist employed, with additional amounts for new journalism positions. The bill also outlines requirements for local news outlets, including maintaining an editorial policy for error correction and being free from control by disqualified organizations.