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Mechanical Insulation Installation Incentive Act of 2019
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vs 9,062 other HR bills in the 116th — cohort avg 39d
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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1987 and H.R. 5166 - Mechanical Insulation Incentive Bill - This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to the lesser of 30% of the cost or 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; and (2) 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. Whole bill GREEN Bill discussion draft - The House Ways and Means Committee GREEN Bill discussion draft contains tax incentives for mechanical insulation (Section 502). Lobbied in support of Section 502 in Green Bill discussion draft. H.R. 5166 - The Section 502 bill language for mechanical insulation tax incentives was introduced as a separate stand alone bill (H.R. 5166). Lobbied whole bill Successfully lobbied for the inclusion of Mechanical Insulation Incentive provisions that were included (Section 90442) in the House Infrastructure bill (H.R. 2) Also lobbied in support for mechanical insulation tax incentives as part of the Senate energy bill (S.2657) and as part of congressional COVID-19 response bills.
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · second_quarter · Taxation/Internal Revenue Code
H.R. 1987 - Mechanical Insulation Incentive Bill - This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to the lesser of 30% of the cost or 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; and (2) 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. Whole bill GREEN Bill discussion draft - The House Ways and Means Committee GREEN Bill discussion draft contains tax incentives for mechanical insulation (Section 502). Lobbied in support of Section 502 in Green Bill discussion draft. H.R. 5166 - The Section 502 bill language for mechanical insulation tax incentives was introduced as a separate stand alone bill (H.R. 5166. Lobbied whole bill Also lobbied in support for mechanical insulation tax incentives as part of the Senate energy bill (S.2657) and as part of congressional COVID-19 response bills.
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · first_quarter · Taxation/Internal Revenue Code
H.R. 1987 - Mechanical Insulation Incentive Bill - This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to the lesser of 30% of the cost or 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; and (2) 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. Whole bill GREEN Bill discussion draft - The House Ways and Means Committee GREEN Bill discussion draft contains tax incentives for mechanical insulation (Section 502). Lobbied in support of Section 502 in Green Bill discussion draft. H.R. 5166 - The Section 502 bill language for mechanical insulation tax incentives was introduced as a separate stand alone bill (H.R. 5166. Lobbied whole bill Also lobbied in support for mechanical insulation tax incentives as part of the Senate energy bill (S.2657) and as part of congressional COVID-19 response bills.
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1987 - Mechanical Insulation Incentive Bill - This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to the lesser of 30% of the cost or 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; and (2) 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. Whole bill
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · third_quarter · Taxation/Internal Revenue Code
H.R. 1987 - Mechanical Insulation Incentive Bill - This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to the lesser of 30% of the cost or 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; and (2) 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. Whole bill
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · second_quarter · Taxation/Internal Revenue Code
H.R. 1987 - Mechanical Insulation Incentive Bill - This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to the lesser of 30% of the cost or 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; and (2) 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. Whole bill
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · first_quarter · Taxation/Internal Revenue Code
H.R. 1987 - Mechanical Insulation Incentive Bill - This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to the lesser of 30% of the cost or 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; and (2) 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. Whole bill
Client expense: Not reported · Firm income: $45,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| IL |
| Bobby L. Rush | Democratic | IL |
| Bonnie Watson Coleman | Democratic | NJ |
| Brian K. Fitzpatrick | Republican | PA |
| Christopher H. Smith | Republican | NJ |
| Daniel Lipinski | Democratic | IL |
| David B. McKinley | Republican | WV |
| Don Bacon | Republican | NE |
| Eliot L. Engel | Democratic | NY |
| Janice D. Schakowsky | Democratic | IL |
| Jefferson Van Drew | Republican | NJ |
| Josh Gottheimer | Democratic | NJ |
| Matt Cartwright | Democratic | PA |
| Paul Tonko | Democratic | NY |
| Pete Stauber | Republican | MN |
| Peter T. King | Republican | NY |
| Susan Wild | Democratic | PA |
| Suzan K. DelBene | Democratic | WA |
| Thomas R. Suozzi | Democratic | NY |
| Tom Reed | Republican | NY |