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BSA, in Joint Letter to Congress: Preserve Incentives for Software R&D and Innovation

WASHINGTON, DC — April 7, 2014

BSA | The Software Alliance and more than a dozen other industry groups today called for “a strong, permanent, and inclusive research and development (R&D) tax credit that incentivizes and rewards all forms of domestic innovation, including software.”

The groups’ comments came in a joint letter to the Chairman and Ranking Member of the House Ways and Means Committee. (Click here to download the letter.)

Elaborating on the letter, BSA President and CEO Victoria Espinel said, “We are deeply concerned with any proposal that would exclude software from the R&D tax credit. The software industry invests more than $26 billion annually in R&D — which is about 10 percent of total US R&D. That drives innovation in nearly every other sector of the economy that depends on software to do business. Preserving incentives for that kind of innovation is critical to US competitiveness and should be a top priority for Congress.”

4/7/2014
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About BSA

BSA | The Software Alliance (www.bsa.org) is the leading advocate for the global software industry before governments and in the international marketplace. Its members are among the world’s most innovative companies, creating software solutions that spark the economy and improve modern life. With headquarters in Washington, DC, and operations in more than 60 countries, BSA pioneers compliance programs that promote legal software use and advocates for public policies that foster technology innovation and drive growth in the digital economy.
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