Inspired by an FCC Tax Certificate Policy established in the 70’s, BET founder Bob Johnson has proposed the enactment of a $30 billion tax incentive legislation to provide preferential treatment on gains to those who invest in businesses owned by Black Americans and other minorities. The proposed legislation— dubbed the BOOST Act (Better Opportunity and Outcomes for Socially Disadvantaged Talent)—addresses the longstanding problem minority businessowners face in attracting capital, particularly "strategic equity" capital.
The post BET Innovator Bob Johnson Proposes $30 Billion Tax Incentive for Those Who Invest In Black Businesses appeared first on L.A. Focus News.
