The "Independent Programmers Tax Incentive Act" proposes to amend the Internal Revenue Code of 1986 by introducing a new tax credit designed to support independent video programmers. This credit aims to incentivize multichannel video programming distributors (MVPDs) and virtual multichannel video programming distributors (vMVPDs) to carry content from qualified independent programmers. Specifically, the bill establishes the Carriage of Independent Programmers Credit (Section 45BB), allowing eligible distributors to claim a credit for agreements providing new or expanded carriage of linear video programming from qualified independent programmers. The credit amount is calculated based on net license fees paid or a per-subscriber rate, with a maximum credit tied to the distributor's average monthly subscribers. A qualified independent programmer is defined as a U.S.-based entity engaged in programming production or distribution, which is not publicly traded, nor affiliated with larger media companies or networks. Furthermore, the legislation mandates the Federal Communications Commission (FCC) to submit biennial reports to Congress. These reports will detail the number of qualified independent programmers distributed by various types of distributors and the average duration of such carriage. The FCC will also provide recommendations on how to increase the presence and distribution of independent programming, with the IRS authorized to disclose necessary tax return information to the FCC for this reporting, while ensuring individual taxpayer anonymity.