New York state senator wants tax credit for pubmedia journalism jobs
Matt H. Wade / Wikipedia via CC-BY-SA-3.0
The New York state capitol.
A New York state senator has filed a bill to allow public television and radio stations to claim an existing tax credit for newspapers and broadcasters.
Democratic Sen. Brad Hoylman-Sigal sponsored the bill. A 2023 bill he also sponsored created a payroll tax credit for journalist compensation, with a limit on the credit of up to $12,500 of a journalist’s pay per quarter or $50,000 annually.
This year’s bill, which also includes “not-for-profit corporations,” adds that if a public media station doesn’t have tax for the credit to offset, the excess amount will be treated as a tax overpayment that can be credited or refunded.
Hoylman-Sigal also aims to get $8 million in additional funds for New York’s public radio stations included in the final budget, according to his office.
“Public media is a vital resource that is already underfunded and is now facing significant cuts from the federal govt.,” he said in a post on X, formerly known as Twitter.
Hoylman-Sigal’s X post included a link to a Reuters story reporting that President Donald Trump would “love” for federal funding of NPR and PBS to stop.
Last week, Rep. Marjorie Taylor Greene also called for the defunding of CPB at the end of a hearing with NPR CEO Katherine Maher and PBS CEO Paula Kerger.
Her comments came after Maher and Kerger testified before the House Subcommittee on Delivering on Government Efficiency, which Greene chairs.
“After listening to what we’ve heard today, we will be calling for the complete and total defund and dismantling of the Corporation for Public Broadcasting,” Greene said.
