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1 bill on this topic
“Certified broadcast station sale tax benefits should have dollar caps, yearly use limits, a two-to-three-year qualifying ownership period, active management by qualifying owners, buyer check-ins every 180 days, IRS and congressional notice for missed check-ins, tax recapture when ownership or management conditions fail, and set start and end dates.”
1 bill on this topic
“Sellers with FCC-certified broadcast station sales should be able to choose delayed tax treatment, but that choice would be final and the delayed tax would come due if required ownership or management conditions are broken later.”
1 bill on this topic
“TV and radio station ownership incentives should be limited to stations where women or people affected by racial, ethnic, or cultural bias own enough of the station and help control daily operations.”
1 bill on this topic
“The FCC should regularly tell Congress who owns radio and TV stations, how tax certificates are being used, whether ownership affects on-air viewpoints, and whether similar tax incentives should be considered beyond broadcasting.”
1 bill on this topic
“Sellers should be able to get FCC tax certificates and delay taxes when a TV or radio station sale creates or preserves qualifying ownership, with the tax benefit starting after one year and ending for new sales after 16 years.”
1 bill on this topic
“Investors who put money into a qualifying TV or radio station should be able to get an FCC tax certificate when they sell part or all of that investment, even if the sale does not bring in a new qualifying owner.”
1 bill on this topic
“Broadcast tax certificates should come with dollar caps, limits on how much one seller can use each year, a two-to-three-year ownership holding period, active management by qualifying owners, regular buyer certifications, and tax consequences if those conditions stop being met.”
1 bill on this topic
“Donors should be able to claim a business tax credit for giving a TV or radio station, or part of one, to an FCC-certified charity that trains socially disadvantaged people to run stations, if the charity keeps the property for at least two years and the donor does not also take the normal charitable deduction.”
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