; and (3) by adding at the end the following new subclause: (IV) any business concern with not more than 500 employees that, as of the date on which the covered loan is disbursed, is assigned a North American Industry Classification System code of 511110, 515111, 515112, or 519130. . (b) Assistance The Commission shall supply local media who qualify for a loan under section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ), or any other loan administered by the Small Business Administration, any information as may be necessary to connect such local media with the Small Business Administration. 3. Emergency jobs for journalism tax credit (a) In general In the case of an employer which is a qualified local media company, there shall be allowed as a credit against the tax imposed by section 3111(a) of the Internal Revenue Code of 1986 for each calendar quarter an amount equal to 30 percent of the qualified first-year newsroom wages paid by such employer with respect to such calendar quarter. (b) Limitations and refundability (1) Dollar limitation per employee The aggregate credits allowed under subsection (a) (for all calendar quarters) shall not exceed $20,000 with respect to any employee. (2) Credit limited to certain employment taxes The credit allowed by subsection (a) with respect to any calendar quarter shall not exceed the tax imposed by section 3111(a) of such Code for such calendar quarter (reduced by any other credits enacted before the date of the enactment of this Act which are allowed against such tax for such quarter) on the wages paid with respect to the employment of all employees of the employer. (3) Refundability of excess credit (A) In general If the amount of the credit under subsection (a) exceeds the limitation of paragraph (2) for any calendar quarter, such excess shall be treated as an overpayment that shall be refunded under sections 6402(a) and 6413(b) of such Code. (B) Treatment of payments For purposes of section 1324 of title 31, United States Code, any amounts due to an