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The Internal Revenue Service's proposal to tax net advertising revenues of tax-exempt organizations "are tantamount to a death tax on some of the finest public service organizations in the nation," a lawmaker told the House.
Rep. Joel Broyhill (R, Va), a member of the Tax-Writing House Ways and Means Committee, introduced legislation giving tax—free status to such advertising revenue on grounds it is used for objectives for which the organizations were established. Another committee member, Rep. John Watts (D, Ky), earlier introduced similar legislation.
The recommended 48% tax on net ad revenues would affect the American Medical Association, state and local and specialty medical publications, among many others.
Broyhill told the House that the nation's tax collector Sheldon Cohen "is ill advised in his zeal to crush the financial stability of such organizations as the Boy Scouts, the Girl Scouts, the National Geographic Society, the
WASHINGTON NEWS. JAMA. 1967;200(7):51–52. doi:10.1001/jama.1967.03120200025004
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