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RECOUPS Act of 2020

USA116th CongressHR-7896| House 
| Updated: 7/31/2020
Jack Bergman

Jack Bergman

Republican Representative

Michigan

Cosponsors (2)
John R. Moolenaar (Republican)Lizzie Fletcher (Democratic)

Ways and Means Committee, Tax Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 31, 2020
Introduced in House
Jul 31, 2020
Referred to the House Committee on Ways and Means.
Jul 31, 2020
Referred to the Subcommittee on Select Revenue Measures.
  • July 31, 2020
    Introduced in House
  • July 31, 2020
    Referred to the House Committee on Ways and Means.
  • July 31, 2020
    Referred to the Subcommittee on Select Revenue Measures.

Taxation

Air qualityClimate change and greenhouse gasesEnergy efficiency and conservationIncome tax creditsTax administration and collection, taxpayers

RECOUPS Act of 2020

USA116th CongressHR-7896| House 
| Updated: 7/31/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 31, 2020
Introduced in House
Jul 31, 2020
Referred to the House Committee on Ways and Means.
Jul 31, 2020
Referred to the Subcommittee on Select Revenue Measures.
  • July 31, 2020
    Introduced in House
  • July 31, 2020
    Referred to the House Committee on Ways and Means.
  • July 31, 2020
    Referred to the Subcommittee on Select Revenue Measures.
Jack Bergman

Jack Bergman

Republican Representative

Michigan

Cosponsors (2)
John R. Moolenaar (Republican)Lizzie Fletcher (Democratic)

Ways and Means Committee, Tax Subcommittee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Air qualityClimate change and greenhouse gasesEnergy efficiency and conservationIncome tax creditsTax administration and collection, taxpayers