Broadcast VOICES Act

The Broadcast VOICES Act creates a tax certificate program to incentivize ownership of broadcast stations by socially disadvantaged individuals (defined as women or those who have faced racial/ethnic prejudice). It allows for tax benefits on qualifying sales of broadcast stations, requiring that socially disadvantaged individuals maintain ownership for at least 2 years and control management operations. The bill mandates the FCC to submit biennial reports to Congress on the number of stations owned by socially disadvantaged individuals and recommendations for increasing such ownership. Additionally, it establishes a new tax credit for contributions to organizations training socially disadvantaged individuals in broadcast management. The program will sunset after 16 years.