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 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.”