H.R. 1987 · 116th Congress
Mechanical Insulation Installation Incentive Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SánchezSponsor23 cosponsors · 15 D, 8 R
R
Reed
BF
R
Fitzpatrick
AC
D
Craig
TS
D
Suozzi
SW
D
Wild
PK
R
King
BR
D
Rush
PT
D
Tonko
AB
D
Brindisi
DB
R
Bacon
CS
R
Smith
EE
D
Engel
SD
D
DelBene
MC
D
Cartwright
AK
D
Kim
DL
D
Lipinski
BF
D
Foster
BW
D
Watson Coleman
JS
D
Schakowsky
DM
R
McKinley
JG
D
Gottheimer
PS
R
Stauber
JV
R
Van Drew1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill allows an additional tax deduction for a portion of the cost of installing mechanical insulation property.
What it does: CRS summary · Introduced in House · Mar 28, 2019
Mechanical Insulation Installation Incentive Act of 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Mechanical Insulation Installation Incentive Act of 2019
Latest action (Mar 28, 2019): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 28, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.