adding at the end the following new section: 45BB. Credit for certain contributions with respect to broadcast stations (a) In general For purposes of section 38, the broadcast station contribution credit determined under this section for any taxable year is an amount equal to the fair market value of any broadcast station, or any interest in a broadcast station, which is contributed in a qualified contribution during such taxable year. (b) Qualified contribution For purposes of this section— (1) In general The term qualified contribution means a contribution or gift to or for the use of an entity described in section 170(c)(2) which has as a part of its charitable purpose the training of socially disadvantaged individuals in the management and operation of broadcast stations (as certified by the Federal Communications Commission), but only if the recipient holds such station or interest for not less than 2 years after the date of the contribution. (2) Socially disadvantaged individuals The term socially disadvantaged individuals has the meaning given such term in section 346(a)(2) of the Communications Act of 1934. (c) Broadcast station For purposes of this section, the term broadcast station has the same meaning as when used in section 346 of the Communications Act of 1934. (d) Denial of deduction No deduction shall be allowed under section 170 with respect to any contribution for which credit is allowed under this section. . (b) Credit To be part of general business credit Section 38(b) of the Internal Revenue Code of 1986 is amended by striking plus at the end of paragraph (40), by striking the period at the end of paragraph (41) and inserting , plus , and by adding at the end the following new paragraph: (42) the broadcast station contribution credit determined under section 45BB(a). . (c) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Sec. 45BB. Credit for certain