Senate tax bill: ads still deductible. Let the love flow.


The Senate version of the tax reform measure, like its House sibling, is devoid of a provision removing the full deductibility of business advertising, prompting NAB CEO Gordon Smith to exclaim, “NAB applauds the Senate Finance Committee’s introduction of comprehensive tax reform legislation that preserves the full and immediate deductibility of business advertising expenses. Local broadcasters support tax reform that promotes economic growth and job creation, and it is undeniable that advertising is a stimulus for both. NAB looks forward to working with members on both sides of the Capitol towards comprehensive reform that creates a fair and sensible tax code to the benefit of American businesses and families.”