ASA part of coalition urging for acceleration of business tax credit usage coming out of pandemic
The American Supply Association is part of a coalition urging federal officials to accelerate the usage of general business tax credits.
In a letter to Senate Finance Committee Chair Chuck Grassley (R-Iowa), House Ways and Means Committee Chair Richard Neal (D-Massachusetts), Senate Finance Committee Ranking Member Ron Wyden (D-Oregon) and House Ways and Means Committee Ranking Member Kevin Brady (R-Texas), ASA and its coalition partners explain that current law can prevent companies from fully utilizing general business tax credits, which include more than two-dozen provisions, such as the R&D tax credit, work opportunity tax credit and renewable energy tax credits.