H.R. 2866 (112th): Mechanical Insulation Installation Incentive Act of 2011

Introduced:
Sep 08, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Donald Manzullo [R-IL16]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on September 8, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 08, 2011
Referred to Committee Sep 08, 2011
Cosponsors
77 cosponsors (53D, 24R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to provide a tax incentive for the installation and maintenance of mechanical insulation property.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Sep 08, 2011.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/8/2011--Introduced.
Mechanical Insulation Installation Incentive Act of 2011 - Amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property.
Limits the amount of such deduction to the lesser of 30% 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.
Allows the cost of replacing mechanical insulation property to be treated as a deductible business expense in the current taxable year.
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, acoustical, and personnel safety 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.
Allows a tax deduction for capital expenditures related to mechanical insulation property.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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