Larson Tours UTRC to See How Permanent Extension of the R&D Tax Credit Impacts Job Creation and Innovation
East Hartford, CT – Today, Rep. John B. Larson (CT-01) toured United Technologies Research Center to view some of the current advances they are making in advanced material analysis, virtual reality, and countless other exciting fields. UTRC is one of many companies across Connecticut and the country that benefits from the permanent extension of the R&D tax credit, passed last year as part of the PATH Act. Larson and Chairman Kevin Brady were lead co-sponsors of the credit.
Rep. Larson inspects new equipment at UTRC.
"UTRC is on the cutting edge of advanced manufacturing, computing, and countless other fields," said Larson. "They continue to make advances that both ensure the United States remains the global leader in innovation and provides good, stable jobs right here in Connecticut. I am proud we permanently extended the R&D tax credit last year, which allows UTRC and numerous other businesses the stability they need to push forward with new research."
The PATH Act passed last year on December 17, 2015.