SIA applauds recent enactment of legislation to reform America’s outdated corporate tax system.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.
Nov 30, 2016 Tech Coalition Letter to President-Elect Trump
May 20, 2014 Coalition Letter on Extension of Research Credit
Nov 29, 2017 SIA Supports Senate Corporate Tax Reform Legislation
Wednesday, January 31, 2018 1:30 pm Our 2018 Policy Plan to Drive U.S. Semiconductor Industry Growth and Innovation
Wednesday, December 6, 2017 4:30 pm Foreign-Derived Deduction, AMT Repeal Top SIA Priorities for Tax Conference
Thursday, October 26, 2017 1:30 pm Budget Approval Paves Way for Much-Needed Corporate Tax Reform
Thursday, February 16, 2017 6:30 pm Sen. Hatch's Innovation Agenda Would Strengthen U.S. Semiconductor Industry
Wednesday, June 29, 2016 6:00 pm SIA Applauds Chairman Brady's Tax Reform Blueprint