Relating to the computation of the cost of goods sold by television and radio broadcasters for purposes of the franchise tax.

This bill clarifies how television and radio broadcasters calculate costs they can deduct from franchise tax. It specifies that broadcasters may include expenses like broadcast rights, depreciation, production costs, and other direct costs related to their programming. The change applies specifically to entities operating under FCC licenses for TV/radio broadcasting, as defined in federal regulations. (This is a clarification of existing tax law, not a new policy change.)