116-hr-7896116th Congress

RECOUPS Act of 2020

Sponsored By: Representative Bergman, Jack [R-MI-1]

Unknown

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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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Bergman, Jack [R-MI-1]

MI • R

Cosponsors

  • Rep. Fletcher, Lizzie [D-TX-7]

    TX • D

    Sponsored 7/31/2020

  • Rep. Moolenaar, John R. [R-MI-2]

    MI • R

    Sponsored 9/17/2020

Roll Call Votes

No roll call votes available for this bill.

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