US Congress House Bill 3602 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on September 17 2009 - 25% progression, died in committee
Action: 2009-09-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code to exempt from income taxation a newspaper corporation or organization if: (1) it publishes on a regular basis a newspaper for general circulation; (2) its newspaper contains local, national, and international news stories of interest to the general public and the distribution of such newspaper is necessary or valuable in achieving an educational purpose; and (3) the preparation of the material contained in such newspaper follows a methodology generally accepted as educational. Exempts the advertising income of a tax-exempt newspaper corporation or organization from taxation as unrelated business income and allows a charitable tax deduction for contributions to such newspaper corporation or organization.

To allow certain newspapers to be treated as described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of such Code.

Rep. Carolyn Maloney [D-NY]

Rep. Laura Richardson [D-CA]

Date	Chamber	Action
2009-09-17		Referred to the House Committee on Ways and Means.
2009-09-17		Sponsor introductory remarks on measure. (CR E2313)

SB673 (Same As) 2009-03-24 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3659)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/3602/all-info
Text	https://www.congress.gov/111/bills/hr3602/BILLS-111hr3602ih.pdf