California Senate Bill 1327 proposes a "mitigation fee" on major tech companies to provide $500M in tax credits to state news organizations, supporting journalistic integrity.
California's Senate Committee advanced Senate Bill 1327, proposing a "mitigation fee" on major digital tech companies. The bill, if passed, would provide $500M in employment tax credits to state news organizations and is currently under review by the Senate Appropriations Committee. The bill's author, Sen. Steven Glazer, believes it would support journalistic integrity and enable media outlets to hold the government accountable.
May 17, 2024
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