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- H.R.3623
H.R.3623: IGNITE American Innovation Act
About This Bill
- Introduced May 28, 2021
- Latest Major Action May 28, 2021
Bill Sponsor
Bill Version
- Introduced in House - May 28, 2021
Bill Summary
Innovation and Growth Now by Investing in Tomorrow's Enterprises Act or the IGNITE American Innovation Act This bill allows certain C corporation taxpayers to elect an increased advance refund of net operating loss carryovers attributable to COVID-19 research expenditures in 2020 and 2021. The bill also allows such taxpayers an advance refund of certain other net operating loss carryovers arising during 2015 through 2021. The bill allows an...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 28, 2021 |
Referred to the House Committee on Ways and Means.
|
| May 28, 2021 |
Introduced in the House by Dean Phillips (D-Minn.) |