Press Releases

BSA Calls for Strengthening and Making Permanent the R&D Tax Credit

Rep. Brady introduces House bill with bipartisan support
Washington — March 9, 2011 —

The Business Software Alliance (BSA) today called on Congress to support legislation that would strengthen and make permanent the federal research and development tax credit so that software companies and other American businesses have the long-term certainty they need to increase investments in commercial innovations that create jobs and drive economic growth.

That is the goal of the American Research and Competitiveness Act of 2011 (H.R. 942), introduced in the House of Representatives on Tuesday by Reps. Kevin Brady (R-Texas), John Larson (D-Conn.), Erik Paulsen (R-Minn.) and Anna Eshoo (D-Calif.).

“Private investment in research and development is critical for driving growth and maintaining a competitive edge in the global economy,” said BSA President and CEO Robert Holleyman. “The software industry understands this better than most, because more than three-quarters of US software companies create product or process innovations. In fact, BSA member companies invest more than $40 billion a year to create innovative applications that benefit the entire economy by serving as tools for production in nearly every sector. Strengthening and making permanent the R&D tax credit, instead of reconsidering it every year, would give software companies the certainty they need to continue budgeting for these critical investments over the long term.”


About BSA

The Business Software Alliance (www.bsa.org) is the world’s foremost advocate for the software industry, working in 80 countries to expand software markets and create conditions for innovation and growth. Governments and industry partners look to BSA for thoughtful approaches to key policy and legal issues, recognizing that software plays a critical role in driving economic and social progress in all nations. BSA’s member companies invest billions of dollars a year in local economies, good jobs, and next-generation solutions that will help people around the world be more productive, connected, and secure. BSA members include Adobe, Apple, Autodesk, AVEVA, AVG, Bentley Systems, CA Technologies, Cadence, CNC/Mastercam, Compuware, Corel, Dassault Systèmes SolidWorks Corporation, Dell, Intel, Intuit, Kaspersky Lab, McAfee, Microsoft, Minitab, PTC, Progress Software, Quark, Quest Software, Rosetta Stone, Siemens, Sybase, Symantec, and The MathWorks.


Media Contact

Jordan Lubowitz
202-326-1776
jordan.lubowitz@edelman.com

3/9/2011
Media Contact

Anna Hughes
202-530-5177
annah@bsa.org


Jamie Rismiller
202-756-7240
jamie@allisonpr.com


For media inquiries:
media@bsa.org

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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