Committee hears small‑business tax credit for advertising with local news organizations

The Committee on Taxation heard House Bill 2,276, which would create a tax credit to incentivize small businesses to purchase advertising from qualifying local news organizations for tax years 2026 through 2029.

Bill summary: Under the reviser’s overview, the credit would be 50 percent of qualified local news advertising expenditures in the first year (maximum $5,000 per eligible taxpayer) and 20 percent for each subsequent year (maximum $2,500). Eligible taxpayers would be entities employing fewer than 50 full‑time employees in Kansas. The credit would carry forward up to 10 years. Taxpayers must submit a certification signed by the local news organization confirming the qualified purchase; false certifications would carry a penalty of $5,000 to…