A bill to amend the tax laws of the United States to encourage the preservation of independent local newspapers.
Independent Local Newspaper Act - Amends the Internal Revenue Code to promote the survival of independent newspapers by providing for the establishment of tax-exempt trusts for paying estate taxes on such papers, and by postponing the payment of estate taxes on such papers.
Referred to House Committee on Ways and Means.
Introduced in Senate
Referred to Senate Committee on Finance.
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