Lower house greenlights changes to software promotion law, sends to senate

- Friday, June 3, 2011

Lower house greenlights changes to software promotion law, sends to senate

Argentina's lower house approved proposed amendments to the country's software promotion law, which will now be dispatched to the senate for approval, local IT chamber Cessi said in a statement.

The modifications would extend the software industry promotion law and promotion fund an additional five years, lasting until 2019. The law offers tax vouchers and rebates for companies in the industry and aims to promote electronics manufacturing in Argentina.

The project was debated more than a month ago in sessions of the industry, communications, information and budget and finance committees of the lower house. Cessi also participated in these sessions to help speed up approval.

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"It's really gratifying to see concrete results, the increased understanding of the legislators about the value of our industry as driver of competitiveness," Cessi president Fernando Racca said.