IPC battles EPA, claims partial victory.IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. (Northbrook, IL) has announced a victory in its efforts to pass a realistic depreciation bill for the electronics assembly and printed circuit board industries. Congress and the Bush Administration recently reached an agreement to pass an economic stimulus package that includes a significant accelerated depreciation Accelerated Depreciation Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years of the life of an asset. Notes: The straight-line depreciation method spreads the cost evenly over the life of an asset. provision for the electronic interconnection industry and other U.S. manufacturers. The bipartisan effort received support from nearly every congressman and senator IPC contacted to support the bill. The Job Creation and Worker Assistance Act of 2002, which was signed into law by President Bush on March 9, contains a 30 percent accelerated depreciation benefit over the next three years that will spur investment in manufacturing equipment and assist in the recovery of the printed circuit board (PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. ) and electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) industry. The applicable time period for equipment covered under the new law is property that was acquired after September 10, 2001, and before September 11, 2004. IPC also filed comments opposing the Environmental Protection Agency's (EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. , Washington, D.C.) proposed Cross-Media Electronic Reporting and Record-keeping Rule (CROMERRR), created to establish a framework for electronic reporting and record-keeping for all EPA environmental regulations. EPA developed CROMERRR to comply with the Government Paperwork Elimination Act The Government Paperwork Elimination Act (GPEA, Pub.L. 105-277) requires that, when practicable, Federal agencies use electronic forms, electronic filing, and electronic signatures to conduct official business with the public by 2003. of 1998, which requires Federal agencies to enable electronic reporting and record keeping by 2003. IPC disagrees that the proposed rule will reduce paperwork and requested that EPA withdraw the proposed rule in its comments. IPC believes the proposed CROMERRR would necessitate ne·ces·si·tate tr.v. ne·ces·si·tat·ed, ne·ces·si·tat·ing, ne·ces·si·tates 1. To make necessary or unavoidable. 2. To require or compel. expensive upgrades for current computer systems and prohibit the current use of electronic means to store data intended to meet EPA record-keeping requirements. IPC's comments also highlighted EPA's failure to conduct a risk assessment or cost/benefit analysis of the need for CROMERRR's anti-fraud provisions. To view IPC's comments, visit www.ipc.org/html/CROMERRR%20comments.pdf. |
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