Tax Certificate Bill For Broadcast Sales To Minority, Female Buyers Introduced In Congress


Tax Certificate Bill For Broadcast Sales To Minority, Female Buyers Introduced In Congress

Bill

A bill has been introduced in Congress to bring the tax certificate program back to life.  Rep. G.K. BUTTERFIELD (D-NC) introduced the bill, the “‘Expanding  Broadcast Ownership Opportunities Act of 2017,” to encourage minority and female ownership by directing the FCC to issue biennial reports to Congress on progress made towards ownership diversity and instituting tax certificates to be issued to parties who sell their stations to minority or female buyers.
The bill asks the FCC to place limits on the value of sales subject to the tax certificate qualification and to prescribe a minimum holding period and cumulative …

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