New Jersey Broadcasters: Ad Deductibility Changes Could Be Crippling
July 13, 2017
The New Jersey Broadcasters Association has warned Congress against changing or eliminating a business's ability to deduct the full cost of advertising in the year those costs are incurred.
Such a change—as part of larger tax reforms being considered by Congress and pushed by the Donald Trump administration—should be rejected, said association president Paul Rotella in a letter to Senate Finance Committee chairman Orrin Hatch (R-Utah) and ranking member Ron Wyden (D-Ore.).
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