Help IPC Persuade U.S. Congress to Extend the R&D Tax Credit

Reading time ( words)

IPC has long urged the U.S. Congress to enact a permanent research and development tax credit – or at least a multi-year extension, not just the usual temporary, one-year deal – and to provide that certainty sooner, not at the last minute. Only a permanent credit will spur the kind of long-term R&D that is critical to the competitiveness of the U.S. electronics industry in the global economy. The R&D tax credit was one of the key issues raised last April during IMPACT 2015, our annual event in which IPC member executives meet with top policy makers in Washington, D.C.

Unfortunately, as of this writing, congressional leaders still have not been able to reach agreement on how to extend the R&D tax credit — which expired on December 31, 2014, and more than 50 other tax provisions that have expired or will expire by December 31. The proverbial “last minute” has arrived.

Within the coming days, congressional leaders are slated to discuss the best path forward, whether it be making some of the provisions permanent or simply extending all of them in a one- or two-year package. A one-year retroactive extension, which would include only 2015, simply continues the uncertainty that businesses face.

At this point, Finance Chairman Orrin Hatch (R-UT) has stated that a one-year extension is off the table but could resurface if a larger agreement is not reached.

Please take a moment now to contact your elected officials and urge them to extend the R&D tax credit without delay. Please feel free to use our suggested text or to craft your own message.

You can also join the conversation on Twitter; be sure to use the hashtag #JobsandGrowth and your elected representatives’ Twitter handles. Example: “Hey, Congress: Extend the R&D tax credit now! #JobsandGrowth @MEMBEROFCONGRESS HANDLE”

Please contact Ken Schramko, IPC director, government relations, if you need help with contact information for your elected official or if you have any questions.



Suggested Items

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

07/03/2020 | Andy Shaughnessy, Design007 Magazine
The USMCA trade agreement was just the tip of the iceberg in news affecting our industry this week. We also saw more young people getting involved in the industry, an HDP User Group webinar on automotive thermal issues, and more questions for our own Happy Holden—this time, on stacked microvia reliability, or the lack thereof.

Materials for Automotive Applications: Thermal Management Issues

07/02/2020 | Pete Starkey, I-Connect007
For Pete Starkey, the highlight of the recent HDP User Group Automotive Technology Webinar was Alun Morgan’s presentation on materials for automotive applications. This forward-looking informational session covered the latest developments in automotive standards and automotive electronic packaging.

IPC: Shawn DuBravac and Chris Mitchell on USMCA

07/02/2020 | Nolan Johnson, I-Connect007
On July 1, 2020, the USMCA trade act (United States-Mexico-Canada Act) phased in as a trade agreement guiding economic trade and growth in North America. Nolan Johnson spoke with both Shawn DuBravac, IPC’s chief economist, and Chris Mitchell, IPC’s vice president of global government affairs and an I-Connect007 columnist, about the impact of USMCA on North American electronics manufacturing.

Copyright © 2020 I-Connect007. All rights reserved.