IGNITE American Innovation Act

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 (i.e., coronavirus disease 2019) 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 increased research tax credit for COVID-19 research expenditures paid or incurred on or after February 15, 2020, and before January 1, 2022.

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Timeline

1. 31 July 2020

   Referred

   Referred to the Subcommittee on Select Revenue Measures.

   Source: Committee

2. 31 July 2020

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 31 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

4. 31 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 31 July 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 July 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 July 2020

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 31 July 2020

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Phillips, Dean [D-MN-3] · D · Sponsor
• Rep. Walorski, Jackie [R-IN-2] · R · Sponsor
• Sen. Curtis, John R. [R-UT] · R · Cosponsor
• Rep. Stewart, Chris [R-UT-2] · R · Cosponsor
• Rep. Bucshon, Larry [R-IN-8] · R · Cosponsor
• · hswm00 · Standing

Related records

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