Processors

SIA Blog

Senate Should Approve Legislation to Strengthen and Extend R&D Tax Credit

Posted by Joe Pasetti, Director, Government Affairs on May 26, 2015 4:30:00 PM

On May 20, the House of Representatives approved the American Research and Competitiveness Act of 2015 (H.R. 880), bipartisan legislation that would strengthen the R&D tax credit and make it permanent. SIA applauds House passage of this needed legislation and urges the Senate to swiftly approve it as well.

No industry has a greater commitment to research and development than the semiconductor sector. Semiconductor companies invest about one-fifth of revenues each year in R&D – the highest share of any industry. These investments have helped the U.S. semiconductor industry sustain the pipeline of new discoveries that fuel our industry and the overall economy. The R&D credit is a critical incentive for companies to continue performing cutting-edge research in the United States and create jobs, since 70 percent of credit dollars are used to pay salaries of high-skilled R&D workers in the U.S.

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Topics: tax, R&D tax credit

Semiconductor Industry Representative Urges Proper Implementation of RandD Tax Credit

Posted by Joe Pasetti, Director, Government Affairs on Apr 23, 2014 11:00:00 AM

Ensuring the appropriate implementation of tax policies related to the research and development (R&D) credit is of critical importance to the U.S. semiconductor industry. Given our industry’s significant investments in R&D, SIA has long advocated for a strengthened and permanent R&D credit to promote innovation in the U.S.

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Topics: tax, R&D tax credit, research