SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • Legislation for Permanent R&D Credit Introduced into Congress Today Will Assist U.S. Companies

Legislation for Permanent R&D Credit Introduced into Congress Today Will Assist U.S. Companies

Mar 09, 2011

A long-time and active proponent of permanent research and development (R&D) tax credit legislation, IPC — Association Connecting Electronics Industries® applauds the introduction of H.R. 942, "The American Research and Competitiveness Act of 2011," a bipartisan bill to strengthen and make permanent the R&D tax credit. R&D is vital for U.S. electronics companies to be globally competitive and retain U.S. jobs. IPC members are encouraged to contact their legislators to endorse passage of permanent R&D tax credit legislation.

The frequent expiration of the R&D tax credit prevents the tax credit from effectively stimulating needed long-term R&D investments. The R&D tax credit most recently expired for nearly twelve months in 2009 — the fourteenth time that Congress has allowed the R&D tax credit to lapse. Many countries have more generous R&D tax credits, encouraging long-term R&D investment that provides a competitive advantage for companies in those countries.

A permanent R&D tax credit is imperative to encourage long-term innovative efforts and investments on U.S. Soil and for the U.S. electronics industry to remain globally competitive and retain jobs.

"A permanent R&D tax credit is important for my company and the U.S. electronics industry," says Peter Bigelow, president and CEO, IMI Inc. "A permanent R&D tax credit will help my company grow new business, diversify product lines and develop new processes and products."

The pace of technological advancements in the electronics industry is continuous and R&D is essential for companies to produce state-of-the-art electronic products. Without a permanent R&D tax credit, the ability of U.S. electronics companies to compete globally is considerably weakened.

"It is vital for Congress to enact permanent R&D tax credit legislation," explains Robert Toppel, president of Axiom Electronics, LLC. "If the R&D tax credit were made permanent, my company and other U.S. businesses would be able to make long-term investments in R&D activities knowing that we would be eligible to claim tax credits."

For more information on "The American Research and Competitiveness Act of 2011," or to download a sample letter to personalize and send to members of Congress, visit http://www.ipc.org/R&D-tax-credit-take-action or contact Ron Chamrin, IPC manager of government relations, at RonChamrin@ipc.org or +1 703-522-3964.


IPC (http://www.IPC.org) is a global trade association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 2,700 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $1.5 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Arlington, Va.; Garden Grove, Calif.; Stockholm, Sweden; Moscow, Russia; Bangalore, India; Shanghai, Shenzhen and Beijing, China.

Jun 20, 2017 -

Zentech Manufacturing, Inc. First to Recertify for IPC Qualified Manufacturers Listing

Jun 14, 2017 -

IPC Submits Comments to Trump Administration Regarding Modernization of NAFTA

Jun 07, 2017 -

IPC Hand Soldering Competition Winner Crowned at SMT Hybrid Packaging 2017

Jun 01, 2017 -

North American PCB Order Growth Pushes Book-to-Bill Ratio Higher

May 16, 2017 -

IPC Report Details How PCB Manufacturers Meet Current and Future Technology Demands

May 15, 2017 -

Taiwan Union Technology Corporation Receives the First IPC-4101 Qualified Products Listing Certification

May 15, 2017 -

IPC to Host Fourth Annual Reliability Forum in Germany

May 04, 2017 -

Electronics Industry Leaders Meet with Members of Congress and Leaders of Trump Administration Executives urge policymakers to support pro-manufacturing policies

May 04, 2017 -

IPC Welcomes New Senior Director of Learning and Professional Development

May 03, 2017 -

North American PCB Order Growth Boosts Book-to-Bill Ratio

832 more news from Association Connecting Electronics Industries (IPC) »

Jun 28, 2017 -

Vapor Phase Manufacturer IBL Technologies Holds 30 Year Anniversary Event

Jun 28, 2017 -

COT Completes $2 Million Expansion of Its Gainesville, Georgia Manufacturing Headquarters

Jun 28, 2017 -

Ersa Versaflow Level II Application Training Course

Jun 28, 2017 -

SMTA Releases Wave Soldering Online Course

Jun 27, 2017 -

Flying Probe, Functional Test & Inline Test – Visit Acculogic at SMTA Ohio Expo

Jun 27, 2017 -

VJ Technologies and Datest Partner in West Coast Inspection Services, Showroom and Demonstration Center.

Jun 26, 2017 -

Altus get SMART with Koh Young’s Innovative New Software

Jun 26, 2017 -

Ersa to Hold Versaflow 3 Level II Maintenance Training Course

Jun 25, 2017 -

Libra Industries’ Christopher R. Howell Memorial Foundation Awards $20,000 in Scholarships during Annual Golf Outing

Jun 25, 2017 -

SHENMAO Exhibits at IMAPS System in Package June 27-28, 2017 Introducing 3 New Semiconductor Packaging Fluxes

See electronics manufacturing industry news »

Legislation for Permanent R&D Credit Introduced into Congress Today Will Assist U.S. Companies news release has been viewed 788 times

  • SMTnet
  • »
  • Industry News
  • »
  • Legislation for Permanent R&D Credit Introduced into Congress Today Will Assist U.S. Companies
PCB Cleaning

ii-feed SMT Intelligent Feeder