Extension of research tax credit and education assistance exclusion.

• Jurisdiction: United States
• Date: 01 July 1996

On July 3, 1996, Tax Executives Institute submitted the following comments to the Honorable William V. Roth, Chairman of the Senate Committee on Finance, concerning proposals to extend the research tax credit and the exclusion for employer-provided educational assistance. The comments were prepared under the aegis of TEl's Federal Tax Committee, whose chair is David L. Klausman of Westinghouse Corp. Raymond G. Rossi of Intel Corporation also contributed materially to the preparation of the Institute's submission.

As President of Tax Executives Institute (TEI), I am writing to commend the Senate Finance Committee and you for including extensions of both the research tax credit and employer provided educational assistance income exclusion in the Small Business Protection Act of 1996 (H.R. 3448). TEI is the professional association of in-house tax professionals, with our 5,000 members representing...