414, shall be treated as one person. (B) Exception Subparagraph (A) shall not apply unless such persons are involved in the production of the same print or digital publication. (4) Continuous qualification The requirements of paragraph (1)(C) shall not be treated as met unless such requirements are met at all times during the period beginning on the date which is 1 year before the date of the enactment of this section and ending on the date that the subscription described in subsection (a) is paid or incurred. (g) Special rules (1) Denial of double benefit No deduction shall be allowed for any qualified local media advertising expenses otherwise allowable as a deduction for the taxable year which is equal to the amount of the credit determined for such taxable year under subsection (a). (2) Aggregation rule All persons treated as a single employer under subsection (a) or (b) of section 52 of the Internal Revenue Code of 1986, or subsection (m) or (o) of section 414 of such Code, shall be treated as one person for purposes of applying subsection (b). (h) Termination No credit shall be allowed under this section for any amount paid or incurred in a taxable year ending after the close of 5-year period beginning on the date of the enactment of this section. . (b) Credit allowed as part of general business credit Section 38(b) of such Code is amended by striking plus at the end of paragraph (40), by striking the period at the end of paragraph (41) and inserting , plus , and by adding at the end the following new paragraph: (42) in the case of an eligible small business, the local media advertising credit determined under section 45BB(a). . (c) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item: Sec. 45BB. Advertising in local media. . (d) Effective date The amendments made by this section shall apply to amounts paid or incurred in taxable years beginning after the date of the enactment of this Act. 3.