This Memorandum is intended to provide State Broadcasters Associations (“SBAs”) with background on NCSA/PEP programs from three perspectives: the FCC, the IRS, and practical operating experience. Scott will be in Orlando to discuss/enlarge upon these points. If you have any questions or comments and would like to raise them before the meeting, please email Dick and Scott at your convenience.
None of the following should be regarded as tax advice. Each SBA should rely upon its own tax advisor for guidance in these matters.
