3500 Lacey Road, Suite 100
Downers Grove, IL 60515
Congress passed a major year-end tax-cut package on Friday that will permanently enact some key provisions supported by CompTIA for many years; however, most of the tax extender provisions were extended for either two or five years. The vote was 316-113 in the House, and 65-33 in the Senate. In passing this legislation, Congress broke from its prior years’ tradition of kicking the can down the road, taking a significant step in bringing certainty to some key tax provisions that are important to technology firms.
CompTIA is pleased that its long-standing support for these three key extenders has finally resulted in Congress voting to permanently enact these provisions:
CompTIA applauds the work of Congress in finally coming to grips with these tax extenders, which benefit both large and small tech firms. We especially note that it has always been important to provide businesses with certainty in tax planning. The decades old Congressional procedure of extending these credits for a year or two, many times retroactively, did not allow firms the opportunity to factors these tax provision into their annual tax planning, or their research and experimentation planning and budgets. Making these important provisions permanent and providing certainty for business planning, will greatly enhance the ability of the tech industry to grow and create new and well-paying jobs in the United States.