SEMI Members Urge Congress to Extend R&D Tax Credit
SAN JOSE -- Nineteen members of the SEMI trade group have signed their names to the list urging Congress to extend the R&D tax credit, which
expired on Dec. 31, 2005.
In a letter sent to Congressional leadership, SEMI urged Congress to pass the
current proposal, which would extend the R&D tax credit through
2007 and apply it retroactively.
A copy of the letter is at http://www.investinamericasfuture.org/PDFs/060913letter.pdf.
The
current proposal to extend the R&D tax credit is part of the tax
extenders legislation, which was attached to the so-called “trifecta”
package. The “trifecta” package contains an estate tax reduction and a
minimum wage increase. These controversial measures have
held up the passage of the widely supported R&D tax credit.
More than 650 companies and associations have petitioned Congress on the bill.
