The bill establishes an income tax credit for eligible small businesses in Kansas that purchase advertising from qualified local news organizations. This credit will be available for taxable years 2026 through 2029, allowing businesses to claim 50% of their advertising expenditures in the first year and 25% in subsequent years, with a maximum credit of $5,000 for the first year and $2,500 for each following year. Unused credits can be carried forward for up to ten years, and the credit is non-refundable. To claim the credit, businesses must submit a certification from the local news organization confirming the purchase of qualified advertising.

Additionally, the bill outlines penalties for entities that issue false certifications, imposing civil penalties ranging from $5,000 to $10,000 for each instance. Definitions are provided for key terms such as "advertising," "eligible small business," "local news organization," and "qualified local news organization advertising," ensuring clarity on the criteria for participation in the program. The act will take effect upon publication in the statute book.