Gore promises to revive R & E

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.

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