Ask the Scholar
Document scope · 1 page
Scholar
Ask about this object, its catalog metadata, its source description, or the page inventory.
For page-specific OCR and visual context, open one of the page chats.
Scholar Source Context
Document identity
localId
120355105
label
Fax to Joan Logue Kinder-National Association of Black Owned Broadcasters
core
doc
dtoType
document
citationUrl
pageCount
1
Source metadata
id
120355105
contentType
document
title
Fax to Joan Logue Kinder-National Association of Black Owned Broadcasters
citationUrl
collections
Records of the Office of the Public Liaison (Clinton Administration)
Alexis Herman's Files
imageCount
1
hasImages
yes
source
import
hasTranscription
no
Source extras
naId
120355105
levelOfDescription
fileUnit
otherTitles
42-t-5721346-20120741F-Seg1-027-011-2017
recordType
description
ocrSource
nara-archive
Single page context
seq
1
pageIndex
0
type
document
mediaId
8e01f6901201ae6a
ocrText
FOIA Number: 2012-0741-F
FOIA
MARKER
This is not a textual record. This is used as an
administrative marker by the William J. Clinton
Presidential Library Staff.
Collection/Record Group:
Clinton Presidential Records
Subgroup/Office of Origin:
Public Liaison
Series/Staff Member:
Alexis Herman/Ruby Moy
Subseries:
OA/ID Number:
5263
FolderID:
Folder Title:
Fax to Joan Logue Kinder-National Association of Black Owned Broadcasters
Stack:
Row:
Section:
Shelf:
Position:
S
29
7
2
3
PHOTOCOPY
PRESERVATION
1071
8082 229/#
0262229 10
Joan Loque-Kinder
FAXED TO
faxed 3/10
NATIONAL ASSOCIATION OF
BLACK OWNED BROADCASTERS
1333 New Hampshire Avenue, N.W., Suite 1000, Washington, D.C. 20036
(202) 463-8970
Fax (202) 429-0657
March 9, 1995
MAR
BOARD OF DIRECTORS
VIA HAND DELIVERY
PIERRE M SUTTON
Chairman of the Board
BENNIE L TURNER
Ms. Alexis Herman
President
MUTTER EVANS
Office of Public Liaison
1st Vice President
The White House
ANDREW A. LANGSTON
2nd Vice President
1600 Pennsylvania Avenue, N.W.
SIDNEY SMALL
Treasurer
Washington, D.C. 20500
LOIS E WRIGHT
Counsel to the Board
SKIP FINLEY. Northeastern
Dear Alexis:
Regional Representative
GREGORY A DAVIS.
Southeastern Regional
Representative
We understand that the Senate Finance Committee is planning to mark up
JAMES E. WOLFE. Midwestern
Regional Representative
legislation concerning Section 1071 of the Internal Revenue Code during the week of
MICHAEL L CARTER.
March 13, 1995.
Southwesteern
Regional Representative
JOSEPH A. STROUD.
Television Representative
We are enclosing some proposed revisions to the Federal Communications
Commission's Minority Tax Certificate Policy which we believe will help improve the
WASHINGTON OFFICE
policy. We would welcome an opportunity to meet with you before the Senate mark-
JAMES L. WINSTON
Executive Director
up to discuss these proposals.
and General Counsel
It is vitally important to the future of minority ownership in the
telecommunications industry that the Administration take an active role in the
development of this legislation. We will call your office to arrange a meeting time
which is convenient for you.
Sincerely,
Jan James L. Winston Nist
JLW/kn
cc:
Percy E. Sutton
Sydney Small
Pierre M. Sutton
Lois E. Wright
Ernie Green
National Association of Black Owned Broadcasters
Proposed Revisions
to
FCC Minority Tax Certificate Policy
Cap on Value of Tax Certificate
1.
The tax deferral on a sale should be subject to: (1) 100% deferral up to an amount
of $50 million in tax; (2) 75% deferral for an amount between $50 million and $75
million in tax, and (3) 50% deferral for an amount between $75 million in tax and
$100 million in tax, provided that, by a vote of the FCC Commissioners, the $100
million cap could be exceeded upon a showing of specific public interest benefits.
Minimum Holding Period
2.
Any telecommunications facility acquired through the tax certificate program cannot
be sold for a period of three to five years after the closing, unless sold to another
minority owned company.
Demonstration of Ownership and Control
3.
Maintain the FCC's: (1) 50.1% voting control requirement for minority owned
corporations; and (2) general partner control and 20% equity ownership requirement
for limited partnerships, provided that agreements which have the effect of
precluding the exercise of control should result in the denial of a tax certificate.
Retain Tax Certificate Program at FCC
4.
Allow the FCC to continue the issuance of tax certificates, with reporting
requirements to the IRS and Congress.
No retroactivity
5.
Do not apply any statutory change to any transaction which was on file with the FCC
before the enactment date of any statutory change.
Graduation from Program
6.
No tax certificate will be issued to the seller of a telecommunications facility, if the
purchaser is an entity which has previously purchased facilities which, in the
aggregate, have resulted in tax deferrals in excess of $100 million to prior sellers.
THE WHITE HOUSE
WASHINGTON
OFFICE OF PUBLIC LIAISON
Alexis M. Herman, Director
PHONE:(202) 456-2930 6455
FAX:(202) 456-6218 2983
FACSIMILE TRANSMITTAL COVER SHEET
Number of Pages (Including Cover) 3
To:
Joan Logue- Kinder
Fax:
622-2808
Phone:
622-2920
Date:
3/10
From:
Mac Webster
Message:
THE WHITE HOUSE
WASHINGTON
OFFICE OF PUBLIC LIAISON
Alexis M. Herman, Director
PHONE: (202) 456-2930-6455 (202)
FAX: (202) 456-6218 2983
FACSIMILE TRANSMITTAL COVER SHEET
Number of Pages (Including Cover) 4
To:
Joan Logue- kinder
Fax:
622-2808
Phone:
622-2920
Date:
3-13-95
From:
Ruby
Message:
MAR 10 '95 02: 25PM RUBIN, WINSTON, DIERCK, HARRIS, ETAL
P.1/3
FAX * FAX * FAX
THE NATIONAL ASSOCIATION OF BLACK OWNED
SVW
BROADCASTERS
1333 NEW HAMPSHIRE AVENUE, N.W., SUITE 1000
WASHINGTON, D.C. 20036
(202) 463-8970/ FAX: (202) 429-0657
Confidentiality Notice
The information contained in this facsimile message is intended only for the use of the individual or entity named
below. If the reader of this message is not the intended recipient or the employee or agent responsible to deliver it
to the intended recipient. you are hereby notified that any dissemination, distribution or copying of this
communication is strictly prohibited. If you have received this communication in error, please immodiately notify
us by telephone and return the original message to us at the above address via the U.S. Postal Service. Receipt by
anyone other than the intended recipient is not a waiver of any attorney-cilent privilege.
TO:
Ms. Alexis Herman
The White House
FAX #:
456-6218
CONF. #:
FROM:
James L. Winston
DATE:
March 10, 1995
This telecopy transmission consists of 3 pages, including this page.
COMMENTS:
If a problem of clarity of transmission arises, please call Kathy Nickens at (202) 463-8970.
MAR 10 '95 02 26PM RUBIN, WINSTON, DIERCK, HARRIS, ETAL
P.2/3
NATIONAL ASSOCIATION OF
BLACK OWNED BROADCASTERS
1333 New Hampshire Avenue, N.W., Suite 1000, Washington, D.C. 20036
(202) 463-8970 Fax (202) 429-0657
March 9, 1995
BOARD OF DIRECTORS
VIA HAND DELIVERY
PIERRE M. SUTTON
Chairmen of the Board
BENNIE L. TURNER
Ms. Alexis Herman
President
MÜTTER EVANS
Office of Public Liaison
Tax Vice President
The White House
ANDREW A. LANGSTON
2nd Vice President
1600 Pennsylvania Avenue, N.W.
SIDNEY SMALL
Treesurer
Washington, D.C. 20500
LOIS E. WRIGHT
Counsel to the Board
SKIP FINLEY. Northeastern
Dear Alexis:
Regional Representative
GREGORY A. DAVIS.
Southeestem Regional
Representative
We understand that the Senate Finance Committee is planning to mark up
JAMES E. WOLFE. Midwestern
Regional Representative
legislation concerning Section 1071 of the Internal Revenue Code during the week of
MICHAEL L. CARTER,
March 13, 1995.
Southwesteem
Regional Representative
JOSEPH A. STROUD.
Television Representative
We are enclosing some proposed revisions to the Federal Communications
Commission's Minority Tax Certificate Policy which we believe will help improve the
WASHINGTON OFFICE
policy. We would welcome an opportunity to meet with you before the Senate mark-
JAMES L. WINSTON
Executive Director
up to discuss these proposals.
and General Counsel
It is vitally important to the future of minority ownership in the
telecommunications industry that the Administration take an active role in the
development of this legislation. We will call your office to arrange a meeting time
which is convenient for you.
Sincerely,
Jan Winston Winst
JLW/kn
cc:
Percy E. Sutton
Sydney Small
Pierre M. Sutton
Lois E. Wright
Ernie Green
MAR
10
'95
02
26PM
RUBIN,
WINSTON.
DIFRCK
HARRIS,
P.3/3
National Association of Black Owned Broadcasters
Proposed Revisions
to
FCC Minority Tax Certificate Policy
Cap on Value of Tax Certificate
1.
The tax deferral on a sale should be subject to: (1) 100% deferral up to an amount
of $50 million in tax; (2) 75% deferral for an amount between $50 million and $75
million in tax, and (3) 50% deferral for an amount between $75 million in tax and
$100 million in tax, provided that, by a vote of the FCC Commissioners, the $100
million cap could be exceeded upon a showing of specific public interest benefits.
Minimum Holding Period
2.
Any telecommunications facility acquired through the tax certificate program cannot
be sold for a. period of three to five years after the closing, unless sold to another
minority owned company.
Demonstration of Ownership and Control
3.
Maintain the FCC's: (1) 50.1% voting control requirement for minority owned
corporations; and (2) general partner control and 20% equity ownership requirement
for limited partnerships, provided that agreements which have the effect of
precluding the exercise of control should result in the denial of a tax certificate.
Retain Tax Certificate Program at FCC
4.
Allow the FCC to continue the issuance of tax certificates, with reporting
requirements to the IRS and Congress.
No retroactivity
5.
Do not apply any statutory change to any transaction which was on file with the FCC
before the enactment date of any statutory change.
Graduation from Program
6.
No tax certificate will be issued to the seller of a telecommunications facility, if the
purchaser is an entity which has previously purchased facilities which, in the
aggregate, have resulted in tax deferrals in excess of $100 million to prior sellers.