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Help IPC Persuade U.S. Congress to Extend the R&D Tax Credit
December 4, 2015 | John Hasselmann, IPCEstimated reading time: 1 minute
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.
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The Government Circuit: Support for Defense Spending Takes Top Priority
10/15/2024 | Chris Mitchell -- Column: The Government CircuitFor those of us living in the world of politics and policy, the final few weeks before a major election are a little nerve-wracking. Who is going to win? How might the candidates’ campaign promises affect our industry and our strategies over the next few years? One thing I do know: No matter who wins the White House and control of Congress on Nov. 5, IPC will continue working with members of both major parties to advance policies that boost innovation, investment, and growth and ensure the electronics manufacturing industry’s long-term success. We must.
Thinking Out of the Box: Pacific Northwest EMS Manufacturer Employs Successful Strategies With IPC
10/15/2024 | Michelle Te, IPC CommunityAllison and Chad Budvarson started Out of the Box Manufacturing, an EMS company in Renton, Washington, just one month after they were married in 2008. To stay competitive, they’ve utilized IPC’s workforce subscription and apprenticeship programs to train and maintain their staff. "Our relationship with IPC has evolved over the past several years," Allison says. "Initially, we saw IPC for its standards. But when I started attending the EMS Leadership Summit at APEX EXPO, I realized there was so much more to IPC, which opened more doors for us, creating growth and partnership opportunities I didn't realize were possible. For one, I like having frank conversations with EMS owners from other areas of the country, and I’m not worried they will steal my 'secret sauce.'"
Fall 2024 Issue of IPC Community Now Available
10/14/2024 | IPC Community Editorial TeamThere’s so much happening at IPC, so be sure to open the latest issue of IPC Community, brimming with must-read features on members of the electronics industry who are making a difference in their own unique way. Just for starters, our member profiles feature Virginia-based Weidmuller, a heart-warming story from E-Tron, and you’ll discover how the owners of Out of the Box Manufacturing are successfully tackling workforce talent challenges.
Discover TRI's Solutions at Manufacturing Indonesia 2024
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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.