(Bloomberg) The U.S. House of Representatives plans to vote in May to make the research tax credit permanent, the first step toward ending a 33-year lapse-and-revive cycle that has frustrated companies such as Intel Corp. and Agilent Technologies Inc.

House Majority Leader Eric Cantor, a Virginia Republican, announced the plan last Thursday in a memo. The research credit, first enacted in 1981, expired most recently on Dec. 31.

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