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United States · Bill · HR

H.R. 1987 (116th)

Mechanical Insulation Installation Incentive Act of 2019

referredUnited States· United States Congress· EN

Introduced

28 March 2019

Last action

28 March 2019 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Linda Sánchez, Tom Reed, Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Suozzi, Thomas R. [D-NY-3], Susan Wild, Angie Craig, PETER KING, BOBBY RUSH, Paul Tonko, Anthony Brindisi, Don Bacon, Christopher Smith, ELIOT ENGEL, Rep. DelBene, Suzan K. [D-WA-1], Matt Cartwright, Sen. Kim, Andy [D-NJ], Daniel Lipinski, Rep. Foster, Bill [D-IL-11], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Schakowsky, Janice D. [D-IL-9], David McKinley, Pete Stauber, Rep. Gottheimer, Josh [D-NJ-5], Jefferson Van Drew

Subjects

Energy, Taxation

Source updated

3 January 2025

Energy · Taxation

Official sourceDownload fileView documentsShare

Summary

Mechanical Insulation Installation Incentive Act of 201 9 This bill allows an additional tax deduction for a portion of the cost of installing mechanical insulation property. The bill limits the amount of such deduction to the lesser of (1) 30% of the cost, or (2) the reduction in energy loss from the installed mechanical insulation property compared to property that meets the minimum requirements of American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) standard 90.1-2007. The bill allows the cost of mechanical insulation property that is placed in service to replace insulation property to be treated as a deductible business expense in the current taxable year. The bill defines "mechanical insulation property" as insulation materials, facings, and accessory products (1) placed in service in connection with a mechanical system which is located in the United States and of a character subject to an allowance for depreciation; and (2) utilized for thermal requirements for mechanical piping and equipment, hot and cold applications, and heating, venting and air conditioning applications which can be used in a variety of facilities. The bill also allows a tax deduction for capital expenditures related to mechanical insulation property.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 28 March 2019

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 28 March 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 28 March 2019

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

Sponsors

Related records

Sources

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