View the VT Legislative Update from 4/16/21 written by Downs Rachlin Martin.
2021 National Issues Affecting Broadcasters:
- Congress should not pass legislation that hurts free, local broadcasting by modifying tax laws to make advertising more expensive for businesses. Advertising is currently treated as an ordinary and necessary business expense – just like salaries, rent and utilities – under the US Tax Code. This means a business can fully deduct the expense in the year it was incurred.
Diversity Tax Certificate Program:
- Broadcasters are committed to improving diversity in the industry and creating new opportunities for women, people of color and other underrepresented communities. Broadcasters support the Expanding Broadcast Ownership Opportunities Act of 2019 (H.R. 3957 & S. 2433) to encourage broadcast station ownership for women and people of color and to ensure station owners are as diverse as the communities they serve.
- Broadcasters support the Local Radio Freedom Act (LRFA), a resolution of Congress opposing any new performance royalty, fee, or tax on free, over-the-air radio such as that proposed by the recently introduced AM-FM Act. 225 bipartisan Reps & House and Senate have cosponsored the LRFA, but not any are from VT.
Preserving Local Journalism: