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!

iphone
Android

 


Latest News

The FCC Just Approved Altice Buying Cablevision

The U.S. Federal Communications Commission said late on Tuesday it had approved European telecoms group Altice NV’s acquisition of...

Posted

Obama's Ed Dept. 'outing' Christian colleges

The federal government allows religious organizations to be exempt from Title IX mandates where they violate their religious beliefs.

Posted

Summer Internships – Good for FCC EEO Credit, But Be Careful of Wage and Hour Law Implications

As summer approaches, many stations are preparing for the arrival of summer interns.

Posted

New Bill Would Force Colleges to Publicize Religious Exemptions

A Democratic legislator from Massachusetts has introduced a bill that would make it mandatory for colleges and universities to...

Posted

More News


Headlines