Local news outlets get a refundable state tax credit for each in-state journalist
Local news outlets can claim a refundable credit of $20,000 per full-time California journalist for up to five, $15,000 for each one beyond that and $7,500 per part-timer, plus $15,000 more for each new position. Nonprofit outlets can claim it too.
Who it affects
Local news outlets, including nonprofits, that employ California journalists
When
This law takes effect on January 1, 2027; the changes described here start on January 1, 2027.
- : Signed into law
- : Law takes effect; The changes described here start to apply
Official text
California AB 2222: Personal Income Tax Law and Corporation Tax Law: credits: local news outlets: business expense deduction: excessive employee remuneration.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.