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Tax Bill Would Limit Expensing Of Ad Costs

Ad Age | by TVNewsCheck

In his long-awaited plan to overhaul the federal tax code, House Ways and Means Committee Chairman David Camp (R-Mich.) offered advertisers and the advertising industry a $1 million loophole to his proposal to limit the expensing of advertising costs. But Camp’s tax plan was greeted with dismay by those who buy and sell ads.