New Mexico mulls bill to give tax credits to newsrooms that hire journalists

New Mexico is the latest state to consider giving a tax credit to news organizations that employ journalists. 

Publishers may claim a credit equal to 30% of wages paid to each journalist, with a cap of $4 million per year, according to the bill introduced by Senator Peter Wirth (D-Santa Fe).  

The bill defines Journalists as persons “paid by a local news organization to regularly gather, prepare, collect, photograph, record, direct the recording of, produce, write, edit, report or publish news or information that concerns state or local events or other matters of public interest for dissemination to the state or a local community through reporting activities, including conducting interviews, observing current events or analyzing documents.”

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