Bill
HB 891
Income Tax - Local Newsroom Tax Credit
Maryland would offer state income tax credits to individuals and businesses donating to local newsrooms to financially sustain community journalism operations.
Bill
HB 891
Maryland would offer state income tax credits to individuals and businesses donating to local newsrooms to financially sustain community journalism operations.
HB 891 creates a state income tax credit for businesses and individuals who contribute financially to local newsrooms in Maryland. The credit would incentivize private funding of local journalism by reducing state income tax liability for donors. This is currently in early stages, with a committee hearing scheduled for February 13, 2025.
Local news organizations across the country have faced significant financial strain, with hundreds of newsrooms closing over the past two decades. This bill attempts to address that decline by using tax policy to stimulate private investment in local journalism, which serves a public interest function by enabling community reporting on local government, schools, and civic issues.
Compiled from official sources — confirm details with the bill’s official record.
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