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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

RECOUPS Act of 2020
Redeeming Effectiveness to Carbon Oxide Utilization Plus Sequestration Act of 2020

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to allow the carbon capture credit to enhance the efficiency and effectiveness of the carbon oxide sequestration tax credit.

Actions Overview (1)

Date Actions Overview
07/31/2020Introduced in House

All Actions (3)

Date All Actions
07/31/2020Referred to the Subcommittee on Select Revenue Measures.
Action By: Committee on Ways and Means
07/31/2020Referred to the House Committee on Ways and Means.
Action By: House of Representatives
07/31/2020Introduced in House
Action By: House of Representatives

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Fletcher, Lizzie [D-TX-7]* 07/31/2020
Rep. Moolenaar, John R. [R-MI-4] 09/17/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Ways and Means07/31/2020 Referred to
House Ways and Means Subcommittee on Select Revenue Measures07/31/2020 Referred to

No related bill information was received for H.R.7896.

Subjects (6)

Latest Summary (1)

There is one summary for H.R.7896. View summaries

Shown Here:
Introduced in House (07/31/2020)

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.