NAB Praises Refiled Minority Broadcaster Ownership Tax Certificate Bill
NAB hailed refiling of the Broadcast Varied Ownership Incentives for Community Expanded Service Act (HR-8072/S-4158), which would restore the minority ownership tax certificate. Congressional Black Caucus Chairman Rep. Steven Horsford, D-Nev., and Sen. Gary Peters, D-Mich., led refiling of the…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
measure last week. HR-8072/S-4158, like previous iterations (see 2108120054), would also direct that the FCC make recommendations on ways for improving ownership diversity. “Reinstating the diversity tax certificate program is a meaningful step to level the playing field and amplify underrepresented voices in media,” said NAB CEO Curtis LeGeyt. “A tax incentive program is a proven solution that significantly diversified the ranks of broadcast owners over its nearly two decades of existence.”