Establishes the LOCAL program to provide tax credits for advertising by local minority-owned, women-owned, and veteran-owned businesses.

The bill enacts the LOCAL program, which provides tax credits for advertising by local minority-owned, women-owned, and veteran-owned businesses. Eligible businesses must meet specific criteria, such as deriving a significant portion of their audience from a local area and employing local journalists. The tax credit is limited to $5,000 per business and is subject to an annual cap of $10 million per eligible locality. The program aims to support local media and businesses by incentivizing advertising through tax credits.

Establishes the LOCAL program to provide tax credits for advertising by local minority-owned, women-owned, and veteran-owned businesses.

The bill enacts the LOCAL program, which provides tax credits for advertising by local minority-owned, women-owned, and veteran-owned businesses. Eligible businesses must meet specific criteria, such as deriving a significant portion of their audience from a local area and employing local journalists. The tax credit is limited to $5,000 per business and is subject to an annual cap of $10 million per eligible locality. The program aims to support local media and businesses by incentivizing advertising through tax credits.