Relating to: a tax credit for local newspaper subscriptions. (FE)

This bill creates a state tax credit to help residents offset the cost of subscribing to local newspapers. It directly affects individuals who file state income tax returns and purchase subscriptions from newspapers that are legally qualified to print official notices. Under the bill, eligible taxpayers can claim a credit equal to 50 percent of their newspaper subscription costs, with a maximum credit of $250 per year or $125 for married individuals filing separately. The credit applies to taxable years beginning after December 31, 2024, and must be claimed within the standard tax filing period.