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Committee reserves bill creating refundable tax credit for local news for public hearing
Summary
The Finance, Revenue and Bonding Committee voted to reserve House Bill 5978 for a subject matter public hearing after a roll-call vote of 24-10.
The Finance, Revenue and Bonding Committee voted to reserve House Bill 5978 for a subject matter public hearing during its meeting, advancing the bill to the committee’s hearing phase after a roll-call vote of 24-10.
The bill, described in committee remarks as “an act establishing a refundable tax credit for news organizations that cover local communities in the state,” was the subject of brief debate before the roll call. A committee member said concerns remain that state funding could…
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