RECOUPS Act of 2020

United States116th CongressHR-7896House of Representatives
Updated: Jul 31, 2020

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

  3. Referred to the Subcommittee on Select Revenue Measures.

    House of Representatives

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