-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueCounterfeit Concerns
The distribution of counterfeit parts has become much more sophisticated in the past decade, and there's no reason to believe that trend won't continue. What might crop up in the near future?
Solder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Tax Reform on the Move in Washington, D.C.
November 3, 2017 | IPCEstimated reading time: 1 minute
Comprehensive tax reform is on the move in the U.S. Congress.
On Thursday, November 2, Republican leaders in the U.S. House unveiled a comprehensive tax reform proposal and signaled plans to seek approval in the full House by Thanksgiving. Senate Republicans also are crafting a bill, which they aim to move to the floor by early December. Congressional Republicans and President Trump are vowing to complete tax reform by Christmas.
The package released by the House addresses four top IPC priorities. The bill would:
- Permanently reduce the corporate tax rate to 20%;
- Allow for immediate 100% expensing of new equipment through January 1, 2023;
- Preserve the R&D tax credit; and
- Reduce the top pass-through rate to 25%, but with new rules designed to prevent abuse by high-earning individuals who form themselves into corporations to get a tax cut.
Other provisions that could be of interest to IPC members include:
- Business interest expense would be allowed for businesses with average gross receipts of $25 million or less;
- The repatriation tax on earnings and profits comprising cash or cash equivalents would be 12%, higher than originally proposed, while remaining earnings and profits would be taxed at 5%;
- The estate tax exemption would be doubled at first, and then the tax would be repealed after six years; and
- The state and local tax (SALT) deduction would be eliminated except for property taxes (up to $10,000).
The bill text is here, and a section-by-section summary is here.
House committee action is scheduled to begin on Monday, November 6. The “markup” session is likely to last the entire week as members of the House Ways and Means Committee are given a chance to offer amendments that could alter the bill’s language.
IPC remains optimistic in the effort to reform the U.S. tax code, with a goal of making the United States more congenial to the electronics manufacturing ecosystem. We will continue to work with our champions on Capitol Hill to advocate for IPC’s priorities in an effort to have them reflected in the final legislation.
Suggested Items
Nortech Systems Announces Expansion of PCBA Capabilities with IPC-J-STD-001 Space Addendum
10/08/2024 | BUSINESS WIRENortech Systems Incorporated (“Nortech Systems”, or the “Company), a leading provider of engineering and manufacturing solutions for the aerospace and defense industry, has announced the Company has certified trainers and operators to build printed circuit board assemblies (PCBAs) to the IPC-J-STD-001 Space Addendum standard.
IPC Recommends Greater Focus on Electronics Needed for US-based AI Data Centers
10/07/2024 | IPCA new white paper from IPC, “AI-based Data Centers for the United States: Technologies, Supply Chains, and Resiliency Gaps,” explores the actions needed to improve the supply chain resiliency of U.S.-based artificial intelligence (AI) data centers and the electronics used in them.
IPC CEMAC 2024: Shaping Innovation and Driving Technological Transformation in Electronics Manufacturing
10/03/2024 | IPCIPC CEMAC(China Electronics Manufacturing Annual Conference, as an exclusive annual event for members in the electronics manufacturing industry, aims to promote industry development and cooperation, facilitate the application and promotion of quality and technical standards in China's electronics manufacturing, and establish an efficient, professional, and high-value international exchange platform centered around IPC international industry standards.
TRI Conformal Coating Inspection at Technology Workshop
10/01/2024 | TRII-Tronik, TRI's distributor, is proud to announce the 13th Technology Workshop 2024 from October 24 to 25 in Vigonza, Padua, Italy. The two-day event will showcase the latest innovations in the electronics manufacturing industry, focusing on Conformal Coating, Cleaning and Control Processes featuring presentations from industry leaders.
TRI Releases Core Features 3D AOI Solution
09/23/2024 | TRITest Research, Inc. (TRI) is pleased to introduce the Core Features 3D AOI, TR7700QC SII, equipped with essential inspection functionalities tailored for the electronics manufacturing industry.