NUMBER OF THE WEEK: 15. The number of times Congress has
extended the Research and Development (R&D) tax credit since
its inception in 1981. Broad bipartisan support for another R&D
credit extension -- possibly even making it permanent -- may be the
only hope for pushing a tax extenders package over the finish
line.
LEGISLATIVE LANDSCAPE
Senate and House: Extenders Battle Brewing. We
expect theSenate Finance Committee to take up a package of expired
tax provisions, known as "extenders," starting next week,
and House Ways & Means Chairman Dave Camp (R-MI) told his
fellow committee members to expect to be sifting through each of
the extenders beginning in early April. Both tax-writing panels
will look for consensus on which extenders to abandon and which to
resurrect, with divergent views on whether to do another short-term
extension or pick a select few to live on in perpetuity.
