WTIA Works with CompTIA to Help Tech Industry in D.C.
The WTIA (www.washingtontechnology.org) has signed on to letters promoting federal legislation that addresses important immigration issues related to STEM degrees and improves the tax treatment of capital gains for stock held in a small business for five years.
CompTIA (www.comptia.org), one of WTIA’s advocacy partners, is leading the charge for the tech industry on ensuring that foreign students with sought after STEM degrees can receive work visas upon graduation, as long as they are seeking work in a STEM field.
The legislation to do this is found in S.3217/H.R. 5893. A summary of the bills can be accessed at the Congressional Research Service website: http://thomas.loc.gov/cgi-bin/bdquery/D?d112:1:./temp/~bdiY3l:@@@D&summ2=m&|/home/LegislativeData.php|
Other key aspects of these bills are the improved tax treatment on the gain from sale of stock held in a small business for more than five years and a limited tax credit for certain types of startups. There are other provisions as well.
WTIA is deepening its relationship with CompTIA as both organizations have advocacy as part of their mission to help the technology industry. CompTIA is beefing up its D.C. presence and we look forward to continuing to work with them to improve the business climate for the technology industry.