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Technology Stocks : Cymer (CYMI)
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To: Curlton Latts who wrote (22589)7/15/1999 6:18:00 PM
From: BillyG  Read Replies (1) of 25960
 
Great tax news for CYMI:

Panel votes to extend R&D tax credit

By George Leopold
EE Times
(07/15/99, 3:58 p.m. EDT)

WASHINGTON — The powerful House Ways and Means Committee
approved a five-year extension of the research and development tax credit
on Thursday (July 15).

The tax credit had expired on June 30. The Clinton administration had been
seeking a one-year extension. Legislation introduced in February would
make the R&D tax credit permanent. The U.S. semiconductor industry has
for years been seeking a permanent extension of the tax credit.

If approved by Congress, the five-year extension would be the longest
since the R&D tax credit was enacted in 1981.
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