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HR 3623 117th Congress House Taxation Appropriations Business expenses Cardiovascular and respiratory health Corporate finance and management Disability assistance Drug therapy Emergency medical services and trauma care Government trust funds Health promotion and preventive care Health technology, devices, supplies Income tax credits Income tax deductions Infectious and parasitic diseases Medical research Medical tests and diagnostic methods Medicare Prescription drugs Research and development Social security and elderly assistance

IGNITE American Innovation Act

Introduced: May 28, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 28, 2021
Referred to the House Committee on Ways and Means.
May 28, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

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 increased research tax credit for COVID-19 research expenditures paid or incurred on or after February 15, 2020, and before January 1, 2022.

What's happening now May 28, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 2529 Related bill IGNITE American Innovation Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
R
Curtis, John R.
Utah · Jun 1, 2021
Walorski, Jackie
· May 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3623: IGNITE American Innovation Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3623/
MLA
"H.R. 3623: IGNITE American Innovation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3623/.
Bluebook (legal)
H.R. 3623, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3623/.
Markdown link
[H.R. 3623: IGNITE American Innovation Act](https://openamerica.io/bill/117-HR-3623/)
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