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IPA HEADLINES

Contact your federal legislators to urge support for Local Journalism Sustainability Act

A thriving community – of any size, but particularly one that is small – has a strong local newspaper, prosperous local businesses, and engaged residents.

The local newspaper keeps residents informed and engaged.

Local businesses stay connected with their customers through local newspaper advertisements.

The local newspaper’s ability to hire reporters to provide local news coverage is dependent on the residents they serve buying a subscription, and on the local businesses they serve paying for advertisements.

Each of these necessities is addressed in the Local Journalism Sustainability Act (HR7640) that members of the House and Senate should support to help newspapers, businesses and subscribers who were struggling before COVID-19 but even more so during the pandemic.

  • Subscribers to local newspapers would receive a tax credit of up to 80 percent of their subscription (print and online) costs for the first year, followed by 50 percent each of the following four years. Annual, nonrefundable credits would be capped at $250.
  • Local Businesses that advertise in local newspapers would be eligible for nonrefundable tax credits of up to $5,000 the first year and no more than $2,500 in each of the next four years. Up to 80 percent of advertising dollars spent the first year would be credited, and after that the ceiling would be 50 percent. Only advertisers with fewer than 1,000 employees would qualify.
  • Local Newspapers would receive direct support in the form of a refundable payroll tax credit worth no more than $50,000 during each of the bill's five years. Publications would be able to claim a credit of up to $25,000 per journalist in the first year and up to $15,000 each in the next four years. It would cover no more than half of a newspaper employee's salary the first year and would max out at 30 percent the next four years.

The act defines “local” media as print or online publications with a majority of readership located in their state or within 200 miles.

There are currently 24 co-sponsors of the Local Journalism Sustainability Act. One of them is U.S. Rep. Rodney Davis, R-13th District.

We ask you to contact your local members of the U.S. House and Senate and urge them to support this legislation. Members of the House will be back in district next week and your senators will be home the following week. Now is the time to make these contacts to stress the importance of this legislation and any other bills introduced that would help us navigate these uncertain times. Here is full text of the bill and talking points prepared by America’s Newspapers.

Our friends at the News Media Alliance, America’s Newspapers and the National Newspaper Association are spearheading the effort in D.C., but your influence locally is critical as these are your elected officials. More information can be found on America’s Newspapers website.

We have a proven record of getting support, as witnessed by being the only state to get its entire Congressional delegation to oppose the newsprint tariffs in 2018.

Please reach out to your elected officials to let them know the value of local journalism and that their support is needed and appreciated.

If we can provide any assistance or additional information, let us know. Please keep us posted on your efforts.

Thanks for your attention to this urgent matter.

- Sam Fisher, Illinois Press Association president & CEO

 

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Ten $1,000 Scholarships Now Available for Midwest High School Seniors  

High school seniors from states that surround Iowa have a chance to earn one of 10 $1,000 college scholarships


Jan. 13, 2021
FOR IMMEDIATE RELEASE
CONTACT: Christopher Weishaar
Digital Public Relations Specialist
Iowa Student Loan
cweishaar@studentloan.org

(515) 273-7140

WEST DES MOINES, IOWA (Jan. 13, 2021) — High school seniors from Illinois, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin now have a chance to receive one of 10 college scholarships worth $1,000. Registration is open now through April 30, 2021.

High school seniors may register for the ISL Midwest Senior Scholarship at www.IowaStudentLoan.org/Midwest. Iowa Student Loan® will award $1,000 scholarships to 10 students whose names are randomly drawn after the registration period. Registered students also receive emails highlighting financial literacy tips, such as the importance of early career and college planning and ways to reduce student loan indebtedness.

“We know 2020 has been a tough year on students and families mentally and financially. We want high school seniors to have the tools and resources they need to plan and pay for college,” said Steve McCullough, president and CEO of Iowa Student Loan. “The information students receive during the program can help them make better decisions as they consider college finances, student loans and their future financial situations. We hope families also take this opportunity to explore all the free resources available on our website.”

The ISL Midwest Senior Scholarship is open to legal U.S. citizens who are seniors at a high school in one of the qualifying states during the 2020–2021 school year and who intend to attend college, either virtually or physically, in fall 2021. It is a no-purchase-required program, and full rules and details are available at www.IowaStudentLoan.org/Midwest.


Additional Resources Available 

Iowa Student Loan also has additional resources for families planning for college and for students who intend to pursue advanced degrees. The Parent Handbook consists of valuable tips to help families of students in sixth through 12th grades prepare for success in college and other postsecondary options. Parents of students in eighth through 12th grades can also sign up to receive twice-monthly emailed tips on academic, college and career planning through the Student Planning Pointers for Parents program. The College Funding Forecaster helps families understand the total cost of four years of college based on a freshman-year financial aid offer. Information about these resources is available at www.IowaStudentLoan.org/SmartBorrowing.


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About Iowa Student Loan
Established in 1979 as a private, nonprofit organization, Iowa Student Loan helps students and families obtain the resources necessary to succeed in postsecondary education. Iowa Student Loan has helped nearly 400,000 students pay for college. The organization, based in West Des Moines, Iowa, also provides an array of borrower benefits, financial literacy tools and community reinvestment programs, including support for free college planning services for students and their families. For more information about Iowa Student Loan, visit www.IowaStudentLoan.org.

 

 
 
 
 
 
 
 
 

 

Disaster Checklist for Newspapers

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