Independent Programmers Tax Incentive Act

This bill creates a tax credit for cable, satellite, and internet-based video distributors (like streaming services) that carry content from independent video producers. Distributors can claim a credit equal to the lesser of their actual license fees paid for carrying independent programming or $0.10 per average monthly subscriber, with a maximum of $0.30 per subscriber. It also requires the Federal Communications Commission to submit biennial reports to Congress on how many independent programmers are being carried and for how long, to help assess the program's effectiveness. The credit applies to agreements where distributors carry independent content to at least 40% of their subscribers, targeting small, non-corporate video producers who aren't owned by major networks or distributors.