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Tax Incentives to Boost Diversity in Broadcast Station Ownership.

This bill establishes tax incentives for current broadcast station owners who sell their assets to underrepresented groups, specifically women and minorities. The goal is to increase the diversity of voices and viewpoints available through local radio and television, potentially broadening the range of information citizens receive. These tax benefits are set to expire after 16 years.
Key points
Creation of a tax certificate program allowing sellers to defer capital gains tax if they sell a station interest to socially disadvantaged individuals.
Introduction of a new tax credit for donating broadcast stations to non-profits focused on training diverse individuals in media management.
The FCC must regularly report to Congress on the status of diverse ownership and study the link between ownership diversity and viewpoint diversity.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_4158
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2024-04-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Broadcast VOICES Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4158.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-04-18.

What are the main provisions?

Key points include:

  • Creation of a tax certificate program allowing sellers to defer capital gains tax if they sell a station interest to socially disadvantaged individuals.
  • Introduction of a new tax credit for donating broadcast stations to non-profits focused on training diverse individuals in media management.
  • The FCC must regularly report to Congress on the status of diverse ownership and study the link between ownership diversity and viewpoint diversity.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Peters, Gary C. [D-MI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Media and Culture Taxes