New tax certificate bill introduced.

Representative G.K. Butterfield (D-NC) introduced “the Expanding Broadcast Ownership Opportunities Act 2017” that would institute tax certificates to be introduced to those who sell their stations to minority or female buyers. Furthermore, the measure would ask the FCC to limit the value of sales subject to the tax certification qualification, define a minimum holding period, and require cumulative limits on the number or value of sales a person can make under which he or she will get certificates. In addition, the measure would require “participation by socially and economically disadvantaged individuals in the management of the broadcast station.”

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