MA H3232

Creates a tax credit for individuals who subscribe to local newspapers, covering 80% of subscription costs in the first year and 50% thereafter, capped at $250 annually

Establishes a payroll tax credit for local newspaper publishers equal to 50% of wages paid to local news journalists for the first four quarters, then 30% thereafter, with a $12,500 per-employee quarterly cap

Defines "local newspaper" as a print or digital publication with original news content serving a Massachusetts regional/local community, employing at least one local journalist, and having no more than 500 employees

Provides small businesses (under 50 employees) a tax credit for advertising in local media: 80% of costs up to $5,000 in year one, then 50% up to $2,500 in subsequent years

Both the publisher payroll credit and small business advertising credit expire after 5 calendar years from enactment