retroactive for 2012 and extended it for 2013.
"The fact that the R&D credit was a cornerstone of the fiscal cliff package bodes well for the industry," said Kevin Richards, senior vice president of federal government affairs at TechAmerica, an industry group. "But we're going to continue to underscore the need for permanency because we think there is a direct correlation between U.S. competitiveness and job creation."
TechAmerica says extending the wind energy tax credit is also important to the technology industry.
Google, for instance, has announced plans to buy wind power to help supply a data center it runs in Oklahoma.
The wind power tax credit had expired and the alternative energy industry was pessimistic about its prospects.
The action taken by Congress extends the tax credit for all wind projects that start construction in 2013. The American Wind Energy Association said the credit will save up to 37,000 jobs.
About 75,000 are currently employed in the industry.
In other actions important to tech, as well as other industries, was an extension of 50% bonus depreciation for capital expenditures through 2013.
"How the extension of the bonus depreciation will influence capital spending in the coming year is anyone's guess," said John Longwell, vice president of research at Computer Economics.
He said capital spending "mostly depends on whether the economy continues to improve or falls back into recession."
