Creates an income tax credit for subscriptions to media news outlets and donations to certain journalism organizations.

Summary

Digest: The Act makes a new tax credit for subscribing to or giving to certain news publications. (Flesch Readability Score: 63.6). Creates an income tax credit for subscriptions to media news outlets and donations to certain journalism organizations. Prohibits a person from falsely advertising the availability of the tax credit. Allows the Department of Revenue to impose a civil penalty for violation. Applies to tax years beginning on or after January 1, 2025, and before January 1, 2031. Takes effect on the 91st day following adjournment sine die.