Group wants permanent tax credit
A coalition of tech companies and associations is lobbying for permanent extension of the research and development tax credit. A temporary credit expires in June 2004.
In an April 2 letter to Reps. Bill Thomas, R-Calif., and Charles Rangel, D-N.Y., and Sens. Charles Grassley, R-Iowa, and Max Baucus, D-Mont., the Washington-based R&D Credit Coalition called projections that show flat growth in R&D spending for 2003 "troublesome." Thomas is chairman of the House Committee on Ways and Means; Rangel is the ranking member. Grassley is chairman of the Senate Committee on Finance; Baucus is the ranking member.