HEADLINE NEWS
R&D TAX CREDIT MOVES INTO CAPITOL HILL SPOTLIGHT
NEW YORK The U.S. aerospace/defense industry is preparing to expend considerable political capital in its quest for a permanent research and development tax credit that is not tied to incremental R&D spending hikes. The current 20% incremental credit expires June 30, and Sen. Orrin G. Hatch (R.-Utah), a member of the Senate Finance Committee, begins hearings Apr. 3 on making it permanent.
By ANTHONY L. VELOCCI