SIA Semiconductors

Policy Priorities

Tax

SIA applauds recent enactment of legislation to reform America’s outdated corporate tax system.  This legislation, signed into law in December 2017, is a welcome and long-overdue win for the U.S. semiconductor industry and a major step toward sustaining U.S. leadership in semiconductor research, design, and manufacturing.

The law includes several important provisions that SIA has long supported to improve the global competitiveness of U.S. semiconductor companies. These include lowering the corporate rate to a globally competitive level of 21 percent, modernizing our international tax structure, and preserving the R&D tax credit. Repeal of the corporate Alternative Minimum Tax (AMT) in the final bill was an important measure to protect the utility of the R&D credit, an essential tool used by U.S. semiconductor companies to stay at the head of the class in semiconductor innovation.




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