IPC Applauds Congress on Passing the Tax Cuts and Job Act


Reading time ( words)

IPC – Association Connecting Electronics Industries applauds Congress for passing the Tax Cuts and Jobs Act, which received its final stamp of approval from the House today, following Senate approval yesterday. The bill now heads to President Trump for his signature, which is expected within days. 

“IPC congratulates Congress for its action in passing comprehensive tax reform,” said John Mitchell, IPC president and CEO. “The former tax code was overly complex and not conducive to U.S. global competitiveness. IPC believes this reform will promote competitiveness and innovation in the U.S. electronics manufacturing industry, and it will have spillover benefits to the rest of the world, as well. We look forward to helping our members understand the changes, and continuing our advocacy work in support of policies that encourage broad-based economic growth.”

Several provisions in the bill were actively supported by IPC. Among those, the bill lowers the corporate tax rate from 35% to 21%; allows full and immediate expensing of capital investments placed in service between September 27, 2017 and January 1, 2023; and safeguards the R&D tax credit. The bill also allows many small businesses that are organized as “pass through” companies to claim a 20% deduction for the non-wage portion of pass-through income.

About IPC

IPC is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 4,300 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Brussels, Belgium; Stockholm, Sweden; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.

Share


Suggested Items

IPC 6012-DA Revisions: The Approach to Cleanliness, Thickness, Inspection, and Wicking

04/13/2018 | Jan Pedersen, ELMATICA
IPC’s Automotive Addendum task group was started in November 2014 and the first edition of IPC 6012-DA was released in April 2016. We are now working on the revised version, and expect a release in Q2 2018. As standards need to evolve, develop and follow the needs of the industry, this work is continuous.

Conversations on the Floor: IPC APEX EXPO 2018

04/11/2018 | Steve Williams, The Right Approach Consulting LLC
This year’s show was one of the best in recent history, both in attendance and enthusiasm. The exhibit floor was sold out, and every single person I talked to was extremely optimistic about business in 2018. What follows are a series of observations and excerpts from conversations I had with some of the most interesting people I met.

The PCB Dinosaurs Get New Life at IPC APEX EXPO 2018

04/09/2018 | Dan Feinberg, FeinLine Associates, Inc.
The Order of the PCB Dinosaurs (originally called the PWB Dinosaurs—the sign of a true dino) was born because of a comment almost 20 years ago by my good friend Bernie Kessler. Back in the day, when suppliers like us became IPC members, we could only be associate members; unlike fabricators, we could not serve on the board and we could not lead key committees.



Copyright © 2018 I-Connect007. All rights reserved.