Many institutions of higher education rely upon tax-exempt bond financing to acquire, construct, and/or expand capital infrastructure such as academic buildings and state-of-the-art laboratories, residence halls, student centers, hospitals, athletic facilities, energy plants, museums, and more.
University-industry research collaborations that take place in tax-exempt bond-financed facilities on campuses help to accelerate the transformation of fundamental discoveries made in the lab into the innovative products and services that help support economic development and improve the quality of life for millions of Americans.
The federal Research & Development Tax Credit, which allows companies to deduct qualified research expenses from their overall corporate income taxes, promotes greater collaboration between industry and universities, including fostering employment opportunities for students and graduates, and the growth of start-up companies.
AAU, Associations Urge Congress to Address Upcoming Expiration of Federal Subsidy Payments for Build America Bonds
AAU President Barbara R. Snyder sent a letter urging Senate and House budget committee leaders to make bold investments in the health, security, prosperity, and future of our nation as they craft the FY22 budget.