Update: Ad Expense Deductibility Proposal Reportedly Advances

November 12, 2013

The proposal appears not to envision the complete elimination of the deduction. But not by much. As described by AdWeek, Camp’s proposal calls for only 50% of ad expenses to be deductible during the first year, with the remainder of the expense to be amortized over the ensuing decade. (Exactly how this makes any economic sense is not at all clear.) Such a move would obviously have a harsh effect on advertisers and a trickle-down effect on others, including broadcasters, who might suffer if a change in tax policy discourages advertising.


Read more at: http://www.commlawblog.com/2013/11/articles/broadcast/update-ad-expense-deductibility-proposal-reportedly-advances/

Get the Media Source Newsletter on your smartphone or tablet now!



Latest News

Blackburn: Paid Prioritization Issue Will Get Deeper Dive

Rep. Marsha Blackburn (R-Tenn.) says that Congress will have a thorough discussion about the role of paid prioritization in an open internet.


After 15 Years, Additional Auction 83 Bids Set to Begin

Applicants who have waited more than 15 years for word on the status of their commercial FM translator construction permit may soon have an answer.


European Nationals Press FCC on Ownership

What will the FCC’s stance be on the request from a pair of British and Polish expats to amend the Federal Communication Commission’s foreign station ownership rules?


Facebook algorithm kills conservative news feeds, boosts left's

Conservative publishers have lost an average of nearly 14 percent of their traffic from Facebook, [while] liberal publishers have...


More News