By Steve Usdin
Contributing Editor

WASHINGTON - Vice President Al Gore on Sunday announced that the White House will propose a one-year extension of the Research and Experimentation Tax credit (often called the R&D tax credit) as part of the Clinton administration's fiscal 2000 budget request. The credit, which gives companies a 20 percent credit for qualified research, lapsed last June 30. Extending it for a year will cost $2.4 billion, Gore said.

In an address to the American Association for the Advancement of Science meeting in Anaheim, Calif., Gore announced a $366 million information technology initiative, dubbed IT
2. In fiscal 2000, the administration will seek to invest $6 million of the IT