United States · Bill · HR
H.R. 7896 (116th)
RECOUPS Act of 2020
Introduced
31 July 2020
Last action
—
Status
Referred to the Subcommittee on Select Revenue Measures.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
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.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 31 July 2020
Introduced in House (PDF)
Introduced in House · EN · 31 July 2020
Introduced in House
summary · EN · 31 July 2020
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/7896
- Open data entity: https://api.congress.gov/v3/bill/116/hr/7896