Congress Pressed To Keep Full Tax Deduction For Ads


    A coalition of 12 groups representing the interests of rural Americans has sent a letter to four key members of Congress requesting that the law permitting businesses to annually deduct the full cost of advertising in the year it is incurred be retained. In the letter, sent March 9 to Sens. Orrin Hatch and Ron Wyden and Reps.  Kevin Brady  and  Richard Neal , leaders from American Agri-Women, Association of Agricultural Retailers, American Sheep Industry Association, Intertribal Agriculture Council, National Association of Farm Broadcasting, National Association of Wheat Growers, National Black Growers Council, National Council of Farmers Cooperatives, National Farmers Union, Rural & Agriculture Council of America, United States Cattlemen’s Association and Women Involved in Farm Economics said, “Though we certainly support streamlining today’s onerous and 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.” 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,” the groups said

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    Congress Pressed To Keep Full Tax Deduction For Ads

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