The Spokane WA City Council introduced legislation Monday that would charge billboard owners a new $250 annual fee and dedicate the proceeds toward graffiti and blight remediation efforts on public property. The annual fee would apply to any billboard or off-premises sign measuring at least 9 square feet. The proposal […]
In an effort to reduce a projected budget shortfall, Washington D.C. was proposing to create a tax on advertising revenue as a way to generate up to $18 million in new revenue to the city. The Washington Post reports that the 3 percent advertising tax was among a list of […]
By OAAA In a “big win” for advertising, the tax-reform bill approved by Congress (December 20) preserves deductibility of advertising as a business expense. “Being out of this tax package — after advertising deductibility was threatened — is a big win for the ad community,” said Dan Jaffe of ANA […]
BizTimes in Milwaukee, WI reports that Clear Channel Outdoor lost an appeal on a challenge to $7.2 million in real estate tax assessments on their 850 billboards. Clear Channel had previously paid the $7.2 million obligation for the years 2009-2013 but had challenged the real estate assessments as invalid arguing […]
The Wall Street Journal reports that the Internal Revenue Service has shut down an apparent gap in a tax law that otherwise could have allowed companies across industries to continue spinning off their property holdings into tax-advantaged real-estate investment trusts. The December law was written in response to a wave of […]
