January 02, 2013
by The Hill

Technology trade groups that represent Google, Microsoft and Cisco lauded the research and development (R&D) tax credit extension included in the final "fiscal cliff" deal approved by the House late Tuesday.

The Information Technology Industry Council (ITI) and the Telecommunications Industry Association (TIA) said the R&D tax credit is key to maintaining the United States's position as a leader in the global tech industry. The credit was retroactively extended until the end of 2013 in the approved "fiscal cliff" legislation. It expired at the end of 2011.

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