The Chamber applauded the introduction this week of the Investment in America Act of 2007, a
bi-partisan bill that will strengthen and make permanent the Research and Experimentation (R&E)
Tax Credit.

If passed, the Act will strengthen an R&E tax credit that will provide a direct incentive for companies to invest in U.S.-based R&E. The bill will strengthen the new credit by permanently extending and increasing the new alternative simplified credit rate from 12%-20%. Just as important, it would permanently extend the traditional R&E credit at a commensurate rate for all companies. The credit is scheduled to expire on December 31, 2007.

The Chamber supports extending and making the R&E tax credit permanent, because it would spur innovation and job growth in engineering, research, and technology while providing businesses with continuity and certainty.

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