SAN JOSE -- SEMI, the trade group for semiconductor materials and equipment suppliers,  is lobbying for a extension of the R&D tax credit through 2007.

The previous tax credit expired Dec. 31, 2005. The current proposal would extend it through 2007 and apply it retroactively.

Prior to its summer recess, House leaders attached the credit to the so-called “trifecta” legislative package. While the House approved this package, which includes an estate tax reduction and a minimum wage increase, the Senate did not move to a vote and it is unclear how the body will move during the fall session.

SEMI calls the tax credit "an important component of American competitiveness," and encourages its members to push Congress to enact the credit.

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