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.
View on Congress.gov