Newspapers Could Get Nonprofit Status
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The Newspaper Revitalization Act would grant newspapers so-called 501(c)(3) tax status typically reserved for educational entities.
"This is really aimed at community newspapers," or newspapers that may be bought and turned into nonprofits, said Susan Sullam, a spokeswoman for Cardin.
The proposal doesn't apply to radio or other media, she said. The bill was submitted to the Senate Finance Committee and doesn't yet have a hearing date.
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