The Telecommunications Industry Association (TIA) asked President George W. Bush to consider several provisions to strengthen the telecom industry as part of his economic growth package. Among the proposals:
- Support the Broadband Internet Access Act of 2002, which includes a 2-tiered tax credit to encourage broadband service providers to build out their networks in rural and underserved urban areas
Make permanent provisions to accelerate equipment depreciation schedules
Provide further extension of the Net Operating Loss provision contained in last year’s Job Creation and Worker Assistance Act of 2002
Provide a temporary tax incentive for US companies to repatriate their foreign income for investment in the US business economy; and
Make permanent the R&D tax credit to further encourage high-tech companies to maintain their R&D in the US
Full text of the TIA letter is online.
http://www.tiaonline.org/media/press_releases/2003_taxplan_ltr.pdf
