IPC supports bonus depreciation tax incentives.
Press Release Summary:
January 28, 2009 - IPC is lobbying Congress to pass bonus depreciation tax incentives and research and experimentation tax credits contained in American Recovery and Reinvestment Plan. Tax incentives will allow businesses to recover certain capital expenditures incurred in 2009. Since enactment of plan would support struggling manufacturers, preserve jobs, and position companies to succeed in difficult global economy, IPC members are encouraged to join in lobbying efforts.
Original Press Release
Bonus Depreciation Language Benefiting IPC Members Passes U.S. House Committee on Ways and Means
Press release date: January 26, 2009
BANNOCKBURN, Ill., USA, January 26, 2009 - IPC - Association Connecting Electronics Industries® is lobbying Congress to pass bonus depreciation tax incentives and research and experimentation (R&E) tax credits contained in the American Recovery and Reinvestment Plan, also known as the economic stimulus package. The bill will be voted upon by the full U.S. House of Representatives this week. In particular, the bill will extend the bonus depreciation tax incentives that allow businesses to recover certain capital expenditures incurred in 2009. IPC urges its members to join in the lobbying efforts.
In addition to lobbying Congress for passage of the existing bill, IPC is calling for a permanent extension of R&E tax credits to be added. "R&E is the lifeblood of a strong and competitive research sector of U.S. electronics manufacturing, and it has been overlooked far too long by Congress," said IPC President and CEO Denny McGuirk. "A permanent extension is imperative for U.S. technology-based businesses to remain competitive and retain jobs."
"Technological advances in our complex manufacturing processes demand frequent upgrades and modifications," explained Dan Feinberg, owner, Fein-Line Associates, and IPC government relations committee chairman. "The current economic recession is significantly straining the few remaining U.S. based companies in the electronic interconnect industry. Enactment of the American Recovery and Reinvestment Plan would support struggling manufacturers, preserve jobs, and position companies to succeed in the difficult global economy. IPC members are encouraged to contact their members of Congress in support of the bill."
To assist IPC members in contacting their elected representatives, IPC has posted easy instructions and a draft letter on its Web site at www.ipc.org/getinvolved. IPC members are encouraged to modify the letter and address it to their respective members of Congress.
For more information on contacting members of Congress or IPC's government relations activities, contact Ron Chamrin, IPC manager of government relations, at +1 703-522-0225 or RonChamrin@ipc.org.
IPC (www.IPC.org) is a global trade association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 2,700 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $1.7 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Arlington, Va.; Garden Grove, Calif.; Stockholm, Sweden; and Shanghai and Shenzhen, China.