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AIA welcomes House vote on R&D tax credit extension.
2015-12-23 14:31:09| Industrial Newsroom - All News for Today
AIA welcomes House vote to permanently extend research and development tax credit which lapsed at the end of 2014. This credit supports companies that invest working capital in basic research and in applied research aimed at the creation or improvement of products. More than 70% of the credit is used to fund salaries of R&D workers who hold high-quality jobs that fuel the national economy, while remainder is applied to investment in new plants and equipment.
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Category:Industrial Goods and Services