FOR IMMEDIATE RELEASE
July 23, 2020
Ann Marie Cumming
WASHINGTON, D.C. – In response to the D.C. Council approving an amendment that paves the way for the removal of a proposed tax related to advertising from the Fiscal Year 2021 Budget, the following statement can be attributed to NAB President and CEO Gordon Smith:
“NAB thanks Chairman Mendelson and D.C. Council members who voted to support a path forward to remove the proposed advertising tax from this year’s city budget. This development is a major win for local media, advertisers, consumers and commerce.
“The outpouring of opposition expressed by local media companies and citizens in D.C. and across the nation effectively defeated the tax, which would have placed an undue burden on small businesses and local media already struggling amidst the pandemic. This should serve as an example for other local governments that such misguided taxes on advertising are counterproductive in stimulating local economies and will continue to be met with fervent opposition.”
The D.C. Council recently proposed a 3% sales tax on businesses that buy advertising on TV, radio, print and digital outlets. The tax would apply to the purchase of advertising, including the business costs associated with its planning, creation, placement and display of advertising. No other state in the nation has this tax.
The National Association of Broadcasters is the premier advocacy association for America’s broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at www.nab.org.
Article Courtesy NAB