Wednesday, January 31, 2024 — House and Senate Leadership recently announced a bipartisan deal to revive expired tax credits for research and development, among other provisions. The Travel Technology Association has endorsed the bill, H.R. 7024 Tax Relief for American Families and Workers Act of 2024. Many travel tech industry members have utilized the R&D tax credits to develop new innovations to further empower traveler choice.
According to news reports, the U.S. House of Representatives will vote on this legislation this week or next, with the Senate soon to follow. Tell your Members of Congress to support this bill by sending a letter through Travel Tech’s Policy Action Center.
The Travel Technology Association (Travel Tech) empowers traveler choice by advocating for public policy that promotes marketplace transparency and competition. Travel Tech represents travel technology innovators ranging from dynamic startups, small, and midsize businesses to leading online travel agencies, metasearch engines, short-term rental platforms, global distribution systems, and travel management companies.
To schedule an interview with a Travel Tech spokesperson, contact Bradford Williamson of Glen Echo Group at 202.870.3234 or bwilliamson@glenechogroup.com.
