|Published:||Apr 09, 2010 1:53 PM EDT|
|Updated:||Apr 09, 2010 1:53 PM EDT|
Advertisements running on TV and radio are talking about a new tax under discussion in Washington D.C., but it's a cost YOU don't need to worry about. The ''performance tax'', as it's being called, is a royalty fee that local radio stations may have to pay. I t would be on top of thousands dollars in licensing fees...and the money would go to performers pockets.
The fee is an extra charge that some radio companies may not be able to easily afford.
"A lot of of stations are going to make tough decisions and they may make format changes. Music stations may all of a sudden become talk stations where these kind of performance royalties as well as A.S.C.A.P and BMI (licensing) doesn't really apply," says Chad Rufer, Program Director for the New 96.9 WINK FM.
The bill is still working it's way through Washington.