Mechanical Insulation Installation Incentive Act of 2019

H.R. 1987and 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 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

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

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