Permanent R&D tax credit to be proposed by Hatch; Senate leadership proposes new capital gains cuts.
Executive Summary
R&D TAX CREDIT DEBATE RESUMING ON CAPITOL HILL, WITH SEN. HATCH (R-Utah) preparing to introduce legislation to make the tax credit permanent. Hatch is distributing a Dear Colleague letter seeking support in the Senate for the measure. The R&D tax credit, along with the orphan drug tax incentive, is set to expire on May 31.