Farm Broadcasters Ask Congress to Preserve Tax Treatment of Advertising
The National Association of Farm Broadcasting joined rural groups in a letter last week “to request that Congress preserve the current tax treatment of advertising.” NAB posted and circulated a copy Monday. “Though we certainly support streamlining today’s onerous and…
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complex tax code, the imposition of a new tax on advertising or limiting its current full, first-year deductibility, could damage rural economies and disrupt the distribution of critical local news information,” the rural groups told lawmakers. “For example, farmers, ranchers and residents of rural America have depended on free, over-the-air radio for nearly a century to deliver local news, emergency notifications, sports information and agriculture market news. Changes to the tax treatment of advertising would place an undue financial burden on local businesses and their advertising budgets, resulting in less advertising revenue for rural radio stations.” Free-market groups including TechFreedom weighed in last month.