Establishes tax credits for local newspaper subscriptions, newspaper payrolls, and local media advertising

This bill creates three tax credits to support local media. It provides a $250 annual credit for individuals who subscribe to qualifying local newspapers (print or digital), a credit covering 50% (2026) or 30% (later) of journalism wages up to $12,500 per employee for newspaper employers, and a credit for small businesses spending on local media ads (80% in 2026, 50% later, capped at $5,000 or $2,500). To qualify, newspapers must serve a single county or 200-mile radius, have 51% local readership, and employ at least one local journalist. The credits directly affect subscribers, newspaper employers, and small businesses purchasing local media advertising.