Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
116-hr-7917116th Congress
IGNITE American Innovation Act
Sponsored By: Representative Phillips, Dean [D-MN-3]
Unknown
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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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Phillips, Dean [D-MN-3]
MN • D
Cosponsors
Rep. Walorski, Jackie [R-IN-2]
IN • R
Sponsored 7/31/2020
Sen. Curtis, John R. [R-UT]
UT • R
Sponsored 8/14/2020
Rep. Stewart, Chris [R-UT-2]
UT • R
Sponsored 9/29/2020
Rep. Bucshon, Larry [R-IN-8]
IN • R
Sponsored 10/20/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov