Connecticut HB05137 establishes a refundable tax credit for news organizations covering local communities.
Connecticut HB05137 amends the general statutes to create a refundable tax credit for news organizations that cover local communities. The credit amounts to fifteen thousand dollars per journalist employed and twenty-five thousand dollars per new journalist hired, with a cap of one hundred fifty thousand dollars per news organization. This bill aims to support local news coverage by providing financial incentives to news organizations.
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