Washington (July 1, 2003) -- The American Electronics Association has joined forces with the R&D Credit Coalition to ask Congress to permanently extend the federal research and development tax credit within the year, fearing the high-tech industry at large will be negatively impacted if the credit expires.

The first tier of the lobbying campaign contains a series of cards sent to Congressional leaders. The front side of the cards read: “Q: What happens on June 30, 2004?” The reverse side says: “A: The R&D credit will expire -- again. Support a stronger and permanent R&D Credit -- Cosponsor S. 664/H.R. 463.”

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