HB1060 exempts certain newspaper and digital content publishers from tax on advertising, subscriptions, and content access.

HB1060 amends tax laws to exempt from tax amounts received by businesses primarily engaged in printing newspapers, publishing newspapers, or publishing eligible digital content. Eligible digital content must be published at least monthly, feature written content, and be available exclusively in electronic format. The exemption applies to single, nonvariable charges for advertising, subscriptions, or content access in both traditional and digital publications. The exemption is reduced by any expenditures made during the tax reporting period.

HB1060 exempts certain newspaper and digital content publishers from tax on advertising, subscriptions, and content access.

HB1060 amends tax laws to exempt from tax amounts received by businesses primarily engaged in printing newspapers, publishing newspapers, or publishing eligible digital content. Eligible digital content must be published at least monthly, feature written content, and be available exclusively in electronic format. The exemption applies to single, nonvariable charges for advertising, subscriptions, or content access in both traditional and digital publications. The exemption is reduced by any expenditures made during the tax reporting period.