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{link: 'http://hdl.loc.gov/loc.uscongress/legislation.111hr3602',title: 'Thomas - Bill Summary and Status - H.R.3602' }

H.R.3602
Title: 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.
Sponsor: Rep Maloney, Carolyn B. [NY-14] (introduced 9/17/2009)      Cosponsors (1)
Related Bills: S.673
Latest Major Action: 9/17/2009 Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Jump to: Summary, Major Actions, All Actions, Titles, Cosponsors, Committees, Related Bill Details, Amendments
SUMMARY AS OF:
9/17/2009--Introduced.

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.

MAJOR ACTIONS:

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ALL ACTIONS:
9/17/2009:
Sponsor introductory remarks on measure. (CR E2313)
9/17/2009:
Referred to the House Committee on Ways and Means.
TITLE(S):  (italics indicate a title for a portion of a bill)
COSPONSORS(1), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

COMMITTEE(S):
RELATED BILL DETAILS:  (additional related bills may be indentified in Status)
AMENDMENT(S):

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