WASHINGTON (AP) — A Maryland senator is proposing that newspapers be allowed to operate as nonprofits. A bill by Sen. Benjamin Cardin, D-Md., would let newspapers choose a tax-exempt status similar to public broadcasting stations.
The Maryland senator said Tuesday that papers opting for this choice would not be allowed to make political endorsements. However, they would be free to report on all issues, including political campaigns.
Advertising and subscription revenue would be tax-exempt and contributions to support coverage could be tax deductible.