SOCMA Backs the One Big Beautiful Bill Act’s R&D Tax Credit Boost
Advocating for the policies that drive innovation in specialty chemistry is at the top of our agenda, which is why we strongly support the One Big Beautiful Bill Act—especially its critical expansion of the R&D tax credit. For specialty chemical manufacturers, research and development isn’t just a line item—it’s the backbone of progress. Restoring the credit to year of expense, will empower companies to invest more boldly in cutting-edge chemistry and custom solutions that support countless downstream sectors.
SOCMA executives were in DC this week to discuss how these tax incentives fuel job creation, keep innovation onshore, and give U.S. manufacturers the competitive edge they need to lead globally. Let’s be clear: If we want to own the future of chemistry, manufacturing, and innovation, we must invest in it now.
We’re proud to represent the voices of American innovators—and to advocate for the policy tools that help them thrive.