NSPE Senior Manager of Government Relations Sarah Ogden participated in an R&D Credit Coalition teleconference. Congress will attempt to pass a "tax extenders" bill, an annual authorization that provides tax cuts for businesses and includes the R&D credit, during a post-election, lame-duck session.
NSPE is a member of the R&D Credit Coalition, a group of more than 275 trade and professional associations and companies of all sizes that collectively represent millions of American workers engaged in U.S.-based research throughout major sectors of the economy, including aerospace, agriculture, biotechnology, chemicals, electronics, energy, information technology, manufacturing, medical technology, pharmaceuticals, software, and telecommunications. The objectives of the coalition are a strong, permanent R&D credit of commensurate rate for all companies; a 20% simplified credit; and an extension of the traditional credit.