H.R. 7896 · 116th Congress
RECOUPS Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BergmanSponsor2 cosponsors · 1 D, 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Redeeming Effectiveness to Carbon Oxide Utilization Plus Sequestration Act of 2020 or the RECOUPS Act of 2020
What it does: CRS summary · Introduced in House · Jul 31, 2020
Redeeming Effectiveness to Carbon Oxide Utilization Plus Sequestration Act of 2020 or the RECOUPS Act of 2020
This bill allows taxpayers who claim a carbon oxide sequestration tax credit to elect to treat the credit as a payment in excess of tax liability. This allows the taxpayer a direct payment of 90% of the dollar amount of the credit.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: RECOUPS Act of 2020
Also known as: Redeeming Effectiveness to Carbon Oxide Utilization Plus Sequestration Act of 2020
Latest action (Jul 31, 2020): Referred to the Subcommittee on Select Revenue Measures.
Policy area: Taxation · Origin: House · Introduced: Jul 31, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.