VT H0377

Creates a refundable income tax credit equal to 50% of advertising expenditures in local media outlets, up to a maximum credit of $250

Eligible small businesses must have less than $10 million in gross income and fewer than 100 full-time employees

Local media outlets include FCC-licensed Vermont broadcasters and local news organizations that employ at least one full-time journalist working 30+ hours weekly within 50 miles of their coverage area

Local news organizations must publish at least monthly in print (with USPS periodical permit or 25% local content) or weekly online (with 33% Vermont audience), and must disclose ownership

Takes effect January 1, 2026