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
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Make permanent provisions to accelerate equipment depreciation schedules
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Provide further extension of the Net Operating Loss provision contained in last year’s Job Creation and Worker Assistance Act of 2002
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Provide a temporary tax incentive for US companies to repatriate their foreign income for investment in the US business economy; and
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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