Enacts the LOCAL program to provide a tax credit for advertising in local newspapers and broadcast media for minority-owned, women-owned.

The bill establishes the LOCAL program, which offers a tax credit for advertising in local newspapers and broadcast media. Eligible businesses include minority-owned, women-owned, service-disabled veteran-owned, and small businesses. To qualify, businesses must meet specific criteria, such as focusing on local news, employing local journalists, and carrying valid insurance. The tax credit is subject to an annual cap and specific application procedures. The program aims to support local media and businesses by encouraging advertising in local outlets.

Enacts the LOCAL program to provide a tax credit for advertising in local newspapers and broadcast media for minority-owned, women-owned.

The bill establishes the LOCAL program, which offers a tax credit for advertising in local newspapers and broadcast media. Eligible businesses include minority-owned, women-owned, service-disabled veteran-owned, and small businesses. To qualify, businesses must meet specific criteria, such as focusing on local news, employing local journalists, and carrying valid insurance. The tax credit is subject to an annual cap and specific application procedures. The program aims to support local media and businesses by encouraging advertising in local outlets.