,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #bbcj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ah1 #bjbe,mr4   
,/eube 7= himself1 ,mr4 ,bilirakis1 ,mr4
 ,panetta1 ,ms4 ,cl>ke ( ,new ,york1    
,ms4 ,van ,duyne1 ,ms4 ,del,bene1 ,ms4  
,ca/or ( ,florida1 ,mr4 ,soto1 ,ms4     
,kelly ( ,ill9ois1 ,mr4 ,?an$>1 ,mr4    
,espaillat1 ,mr4 ,veasey1 ,mrs4         
,h>%b>g]1 ,mr4 ,c>t] ( ,georgia1 ,mr4   
,gim5ez1 & ,mr4 ,valadao7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means1 & 9       
addition to ! ,committee on ,en]gy &    
,comm]ce1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to am5d ! ,int]nal ,rev5ue    
,code ( #aihf to provide tax cr$its =   
c>riage ( indep5d5t programm]s by c]ta9 
multi*annel video programm+ di/ributors4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,indep5d5t ,programm]s ,tax         
,inc5tive ,act4  #b4 ,c>riage (         

,indep5d5t ,programm]s ,tax ,cr$it  7a7 
,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt]
 ,a ( *apt] #a ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new section3  #de;,,bb4        
,c>riage ( ,indep5d5t ,programm]s ,cr$it
  7a7 ,all[ance ( cr$it ,= purposes (   
section #ch1 9 ! case ( any eligible    
di/ributor1 ! c>riage ( indep5d5t       
programm]s cr$it det]m9$ "u ?is section 
= ! taxable ye> is1 ) respect to ea*    
agreem5t = qualify+ c>riage ent]$ into  
by su* eligible di/ributor1 ! less] (-- 
7#a7 ! net lic5se fees paid or incurr$  
by su* eligible di/ributor dur+ su*     
taxable ye> "u su* agreem5t = qualify+  
c>riage1 or  7#b7 ! product ( #j4aj     
multipli$ by ! av]age numb] ( mon?ly    
subscrib]s 7= cal5d> mon?s dur+ su*     
taxable ye>7 to :i* c>riage is provid$  
"u su* agreem5t4  7b7 ,maximum cr$it ,! 
cr$it det]m9$ "u ?is section ) respect  
to any eligible di/ributor = any taxable
 ye> %all n exce$ ! product ( #j4cj     
multipli$ by ! av]age numb] ( mon?ly    

subscrib]s 7= cal5d> mon?s dur+ su*     
taxable ye>74  7c7 ,def9itions & special
 rules ,= purposes ( ?is section-- 7#a7 
,eligible di/ributor ,! t]m eligible    
di/ributor means any p]son :i* is ei!r--
 7,a7 engag$ 9 ! trade or bus9ess ( be+ 
a multi*annel video programm+           
di/ributor1 or  7,b7 a virtual          
multi*annel video programm+ di/ributor4 
7#b7 ,multi*annel video programm+       
di/ributor ,! t]m multi*annel video     
programm+ di/ributor means an entity    
engag$ 9 ! bus9ess ( mak+ available =   
pur*ase1 by subscrib]s or cu/om]s1      
multiple *annels ( video programm+4 ,su*
 entities include1 b are n limit$ to1 a 
cable op]ator1 a ,,brs_/,,ebs provid]1 a
 direct broadca/ satellite s]vice1 a    
television receive-only satellite       
program di/ributor1 & a satellite ma/]  
ant5na television sy/em op]ator1 z well 
z buy+ gr\ps or ag5ts ( all su*         
entities4  7#c7 ,virtual multi*annel    
video programm+ di/ributor ,! t]m       
virtual multi*annel video programm+     

di/ributor means any p]son engag$ 9 !   
trade or bus9ess ( mak+ available       
directly to ! end us]1 by means ( !     
,int]net or o!r ,,ip-bas$ transmission  
pa?1 multiple /reams ( l9e> video       
programm+4  7#d7 ,video programm+ ,! t]m
 video programm+ means programm+ provid$
 by1 or g5]ally consid]$ comp>able to   
programm+ provid$ by1 a television      
broadca/ /ation1 b n includ+            
consum]-g5]at$ m$ia4  7#e7 ,agreem5t =  
qualify+ c>riage ,! t]m agreem5t =      
qualify+ c>riage means a writt5 agreem5t
 betwe5 an eligible di/ributor & a      
qualifi$ indep5d5t programm] t provides 
= new or exp&$ c>riage ( "o or m l9e>   
video programm+ /reams ( a qualifi$     
indep5d5t programm] to at lea/ #dj p]c5t
 ( ! eligible di/ributor's subscrib]    
base 9 aggregate = su* l9e> video       
programm+ /reams & :i* requires !       
eligible di/ributor to pay a lic5se fee 
to ! qualifi$ indep5d5t programm]4  7#f7
 ,qualifi$ indep5d5t programm]  7,a7 ,9 
g5]al ,! t]m qualifi$ indep5d5t         

programm] means a ,unit$ ,/ates-bas$    
p]son engag$ 9 ! production1 creation1  
or :olesale di/ribution ( l9e> video    
programm+ if-- 7i7 su* p]son is n a     
publicly trad$ company1 multi*annel     
video programm+ di/ributor1 virtual     
multi*annel video programm+ di/ributor1 
network1 or television /ation company1 &
  7ii7 no publicly trad$ company1       
multi*annel video programm+ di/ributor1 
virtual multi*annel video programm+     
di/ributor1 network1 or television      
/ation company has a cognizable int]e/ 9
 su* p]son4  7,b7 ,network ,! t]m       
network means an entity t (f]s programm+
 on a regul> basis = #ae or m h\rs p]   
week to at lea/ #be affiliates 9 #aj or 
m ,/ates4  7,c7 ,television /ation      
company ,! t]m television /ation company
 means any p]son if1 aft] tak+ into     
acc\nt ! audi5ce rea* ( all television  
/ations "u common control ) su* p]son1  
su* p]son has a national audi5ce rea* 9 
excess ( #c p]c5t4 ,t]ms us$ 9 ?is      
subp>agraph :i* are also us$ 9 section  

#bjb7;c7 ( ! ,telecommunications ,act ( 
#aiif 7or 9 ! regulations issu$ pursuant
 to su* section7 %all h ! same mean+ z  
:5 us$ 9 su* section 7or su*            
regulations74  7,d7 ,cognizable int]e/  
,! t]m cognizable int]e/ means p>tn]%ip 
& direct own]%ip int]e/s & any vot+ /ock
 int]e/ am\nt+ to #e p]c5t or m ( !     
out/&+ vot+ /ock ( an entity4  7#g7     
,lic5se fees ,except z o!rwise provid$  
by ! ,secret>y1 9 ! case ( an agreem5t =
 qualify+ c>riage :i* is net effective  
rate positive = ! qualifi$ indep5d5t    
programm]1 ! appropriate am\nt %all be  
treat$ z a lic5se fee paid by ! eligible
 di/ributor to ! qualifi$ indep5d5t     
programm]4  7d7 ,d5ial ( d\ble b5efit   
,no d$uction %all be all[$ "u ?is *apt] 
= any am\nt to ! ext5t t su* am\nt is   
all[$ z a cr$it "u ?is section4  4  7b7 
,cr$it made "p ( g5]al bus9ess cr$it    
,subsection 7b7 ( section #ch ( su*     
,code is am5d$ by /rik+ plus at ! end ( 
p>agraph 7#dj71 by /rik+ ! p]iod at !   
end ( p>agraph 7#da7 & ins]t+ 1 plus1 & 

by add+ at ! end ! foll[+ new p>agraph3 
7#db7 ! c>riage ( indep5d5t programm]s  
cr$it det]m9$ "u section #de;,,bb4  4   
7c7 ,cl]ical am5dm5t ,! table ( sections
 = subp>t ,d ( "p ,,iv ( sub*apt] ,a (  
*apt] #a ( su* ,code is am5d$ by add+ at
 ! end ! foll[+ new item3  ,sec4        
#de;,,bb4 ,c>riage ( ,indep5d5t         
,programm]s ,cr$it4  4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to exp5ses paid or incurr$   
aft] ! date ( ! enactm5t ( ?is ,act1 9  
taxable ye>s end+ aft] su* date4  #c4   
,bi5nial report by ,,fcc to ,congress   
7a7 ,9 g5]al ,n lat] ?an #ahj days aft] 
! date ( ! enactm5t ( ?is ,act1 & n less
 frequ5tly ?an e #b ye>s !reaft]1 !     
,f$]al ,communications ,commission %all 
submit to ,congress a report t-- 7#a7   
/ates ! numb] ( qualifi$ indep5d5t      
programm]s t h a l9e> video programm+   
/ream t is di/ribut$ to subscrib]s ( "o 
or m eligible di/ributors & ! av]age    
l5g? ( "t = :i* su* a l9e> video        
programm+ /ream has be5 s di/ribut$ by !

 same eligible di/ributor2  7#b7 /ates !
 numb] ( qualifi$ indep5d5t programm]s t
 h a l9e> video programm+ /ream t is    
di/ribut$ to subscrib]s ( "o or m       
multi*annel video programm+ di/ributors 
& ! av]age l5g? ( "t = :i* su* a l9e>   
video programm+ /ream has be5 s         
di/ribut$ by ! same multi*annel video   
programm+ di/ributor2  7#c7 /ates !     
numb] ( qualifi$ indep5d5t programm]s t 
h a l9e> video programm+ /ream t is     
di/ribut$ to subscrib]s ( "o or m       
virtual multi*annel video programm+     
di/ributors & ! av]age l5g? ( "t = :i*  
su* a l9e> video programm+ /ream has be5
 s di/ribut$ by ! same virtual          
multi*annel video programm+ di/ributor2 
&  7#d7 conta9s recomm5dations = h[ to  
increase ! numb] ( qualifi$ indep5d5t   
programm]s describ$ 9 p>agraph 7#a74    
7b7 ,disclosure ( tax return in=mation  
,section #fajc7l7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#bc7           
,disclosure ( return in=mation to ,f$]al

 ,communications ,commission = bi5nial  
reports to ,congress  7,a7 ,9 g5]al ,!  
,secret>y %all1 ^u writt5 reque/ f !    
,f$]al ,communications ,commission1     
disclose to (fic]s & employees ( su*    
,commission su* return in=mation (      
taxpay]s claim+ ! cr$it all[able "u     
section #de;,,bb z su* ,commission      
det]m9es necess>y to prep>e ! reports   
requir$ "u section #b ( ! ,indep5d5t    
,programm]s ,tax ,inc5tive ,act4  7,b7  
,re/riction on disclosure ,return       
in=mation disclos$ "u subp>agraph 7,a7  
may be us$ by (fic]s & employees ( !    
,f$]al ,communications ,commission = !  
purposes (1 & to ! ext5t necess>y 91    
prep>+ ! reports requir$ "u section #b (
 ! ,indep5d5t ,programm]s ,tax ,inc5tive
 ,act4 ,su* reports %all n include      
return in=mation :i* is id5tifiable z   
be+ ) respect to a p>ticul> taxpay]4  4