Tag Archives: Economy

IPC Suggests Congressional Oversight on Three Burdensome Regulations

IPC recently sent a letter to the new chairman of the House Oversight and Government Reform Committee regarding burdensome regulations in need of Congressional oversight. The letter highlighted three regulations that have or will have a significant impact on electronics manufacturers:  the Environmental Protection Agency’s (EPA’s) proposed modifications to the Toxic Substances Control Act Inventory Update […]

First steps toward implementation of U.S. export control reform announced

On December 9, 2010, President Obama announced proposed changes to the U.S. export control system and requested public comments. The administration’s goal is to streamline the export process, update export controls to account for the global availability of currently regulated items, institute new licensing mechanisms, seek and apply input from manufacturers, and focus limited government […]

IPC Efforts Pay Off – Research and Development Tax Credits and Enhanced Bonus Depreciation Legislation Will Be Enacted in to Law

President Obama is scheduled to sign into the law today the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010,” more commonly known as the “Tax Cuts Bill.” The Act will reinstate and extend important tax benefits assisting electronics companies. IPC worked all year to support these important tax provisions to provide assistance […]

Is your company up-to-date on recent and proposed changes to International Traffic in Arms Regulations (ITAR)?

The U.S. State Department recently made changes to the International Traffic in Arms Regulations (ITAR), which govern work with U.S. Munitions List (USML) items that are considered critical to national security. A new exemption to allow the “hand carrying” of ITAR regulated data was announced in the Federal Register on August 27, 2010. This exemption, […]

White House Announces Plan to Enact a Permanent Research and Development Tax Credit

Last week, President Barack Obama announced a detailed plan for economic recovery that includes asking Congress to expand and permanently extend Research and Experimentation tax credits, also known as Research and Development (R&D) tax credits. For many years, IPC has advocated for a permanent R&D tax credit. The R&D tax credit expired on December 31, […]

Changes to U.S. Export Controls are Good News for the Electronics Industry

Today, the White House announced plans to reform the U.S. export control system by updating and modifying export control lists, licensing policies, and export enforcement. U.S. export controls include the laws and regulations managing the sale or transfer of sensitive goods and technology, services, and expertise to non-U.S. citizens. The changes in export controls are […]

Is Your Company Having Difficulties with Export Issues such as China’s Conformity Assessment?

A number of U.S. companies have encountered challenges with exporting products and services in to the Chinese market. The U.S. Department of Commerce (DOC) is seeking industry input for a new project intended to address specific problems U.S. companies are having with “conformity assessment” issues in China. A conformity assessment is the comprehensive term for […]

Research and Development Tax Credit Extension Passes U.S. Senate

On March 10 the U.S. Senate passed by vote of 62 to 36 “The American Workers, State, and Business Tax Relief Act” (H.R. 4213) that includes a seamless one year extension of the Research and Development (R&D) Tax Credit through the end of December 31, 2010. IPC, and fellow members of the R&D Credit Coalition, […]

COMPANIES OF ALL SIZES NOW ELIGIBLE FOR TAX RELIEF IN 2008 AND 2009 IN U.S.

Net operating loss (NOL) relief, an IPC 2009 legislative goal, became a reality for electronics companies when the Worker, Homeownership, and Business Assistance Act of 2009 (H.R. 3548) was signed into law Friday. The NOL relief provision in the bill expands the NOL refund eligibility to medium- and large-sized companies that were previously excluded from […]

Fraud losses are down. Honest

News reports might lead many to guess that disgruntled employees, Internet-related vulnerabilities and a lack of security resources at cash-strapped companies might lead to an increase in losses from fraud. But one report shows minimal growth, with some fields actually seeing a decline in this type of theft. Desperate times like these often cause many […]