Senate Bill 1327 proposes a tax on tech giants for collected data to support news organizations with a tax credit for employing full-time journalists, aimed at protecting democracy and a free press. It is considered a complementary measure to Assembly Bill 886, which focuses on digital platforms paying news outlets for advertising sales alongside news content.
The bill passed with bipartisan support, aiming to address revenue decline in the news business due to evolving technology. Opposition claims new models like podcasts and nonprofit news outlets are emerging, suggesting an evolution of news consumption methods beyond traditional newspapers.
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