Contact Information:
Joe Dudeck, IPC Communications
Manager
847-790-5371
For Immediate Release
IPC AND ITS MEMBERS CLAIM
VICTORY
NORTHBROOK, Ill., March 15, 2002--IPC-Association
Connecting Electronics Industries® has announced a victory in its efforts to
pass a realistic depreciation bill for the electronics assembly and printed
circuit board industries.
The U.S. Congress and the Bush Administration recently reached an
agreement to pass an economic stimulus package that includes a significant
accelerated depreciation provision for the electronic interconnection industry
and other U.S. manufacturers. This realistic depreciation issue has been a
cornerstone of IPC's Government Relations policy for more than seven
years. The bipartisan effort received support from nearly every
congressman and senator IPC contacted to support the bill.
"This is a great victory for IPC, its Board and its dedicated members,"
said IPC President Denny McGuirk. "I congratulate and thank all those
individuals, especially those that serve on our Government Relations committee,
who have given their time and energy to attend past Capitol Hill Day events,
write letters and host plant tours on this very important issue."
The "Job Creation and Worker Assistance Act of 2002," which was signed
into law by President Bush on March 9, contains a 30 percent accelerated
depreciation benefit over the next three years that will spur investment in
state-of-the-art manufacturing equipment and assist in the recovery of the PCB
and EMS industry. The applicable time period for equipment covered under
the new law is property that was acquired after September 10, 2001, and before
September 11, 2004.
"The passing of this bill is timely for our industry and our national
economy," added McGuirk. "With IPC Printed Circuits Expo® 2002 just around
the corner, the 30 percent accelerated depreciation benefit will likely impact
many attendees' purchasing decisions in a positive way."
For more information, contact John Kania, IPC's director of Government
Relations, at
[log in to unmask] or
202-962-0460.
About IPC
IPC is a U.S.-based trade association
dedicated to the competitive excellence and financial success of its more than
2,600 member companies which represent all facets of the electronic
interconnection industry, including design, printed wiring
board manufacturing and electronics assembly. As a member-driven
organization and leading source for industry standards, training, market
research and public policy advocacy, IPC supports programs to meet the needs of
a $44 billion U.S. industry employing more than 400,000 people.
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