AdvaMed Calls for Permanent Extension of R & D Tax Credit and Uniformity in Implementation

AdvaMed Calls for Permanent Extension of R & D Tax Credit and Uniformity in Implementation: "AdvaMed joined a coalition of innovators and developers today to call on Congress to make permanent the research and development (R&D) tax credit that was first ratified in 1981, and to provide parity in the formulation used in determining the percentage of credit that companies receive. The tax credit, which is set to expire at the end of December 2007, provides much-needed assistance to companies engaged in R&D activities, which have increased 20 percent cumulatively each year since 1990. "