US Congress House Bill 2866 (Prior Session Legislation)

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September 8 2011 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Mechanical Insulation Installation Incentive Act of 2011

Rep Manzullo, Donald A.	Rep Altmire, Jason	Rep Bishop, Timothy H.	Rep Broun, Paul C.
Rep Burgess, Michael C.	Rep Capps, Lois	Rep Capuano, Michael E.	Rep Carnahan, Russ
Rep Carney, John	Rep Carson, Andre	Rep Chandler, Ben	Rep Cicilline, David N.
Rep Clarke, Yvette D.	Rep Coble, Howard	Rep Coffman, Mike	Rep Conyers, John, Jr.
Rep Costello, Jerry F.	Rep Critz, Mark S.	Rep Crowley, Joseph	Rep Davis, Danny K.
Rep Diaz-Balart, Mario	Rep Dingell, John D.	Rep Donnelly, Joe	Rep Edwards, Donna F.
Rep Graves, Sam	Rep Green, Gene	Rep Grimm, Michael G.	Rep Hahn, Janice
Rep Hanna, Richard L.	Rep Higgins, Brian	Rep Hirono, Mazie K.	Rep Holt, Rush D.
Rep Honda, Michael M.	Rep Hultgren, Randy	Rep Israel, Steve	Rep Jackson-Lee, Sheila
Rep Jackson, Jesse L., Jr.	Rep Johnson, Henry C. "Hank," Jr.	Rep Johnson, Timothy V.	Rep Kaptur, Marcy
Rep Kildee, Dale E.	Rep King, Peter T.	Rep Lance, Leonard	Rep LaTourette, Steven C.
Rep Lipinski, Daniel	Rep LoBiondo, Frank A.	Rep Lynch, Stephen F.	Rep Maloney, Carolyn B.
Rep McCarthy, Carolyn	Rep McCotter, Thaddeus G.	Rep McNerney, Jerry	Rep Michaud, Michael H.
Rep Moran, James P.	Rep Pallone, Frank, Jr.	Rep Pascrell, Bill, Jr.	Rep Platts, Todd Russell
Rep Price, David E.	Rep Quigley, Mike	Rep Rahall, Nick J., II	Rep Richardson, Laura
Rep Ros-Lehtinen, Ileana	Rep Runyan, Jon	Rep Rush, Bobby L.	Rep Ryan, Tim
Rep Schilling, Robert T.	Rep Schock, Aaron	Rep Sessions, Pete	Rep Sewell, Terri A.
Rep Shimkus, John	Rep Slaughter, Louise McIntosh	Rep Smith, Christopher H.	Rep Sutton, Betty
Rep Tierney, John F.	Rep Tonko, Paul D.	Rep Towns, Edolphus	Rep Turner, Michael R.
Rep Van Hollen, Chris	Rep Welch, Peter

Date	Chamber	Action
2011-09-08	House	Referred to the House Committee on Ways and Means.
2011-09-08	House	Sponsor introductory remarks on measure. (CR E1557)

SB1526 (Same As) 2011-09-08 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN02866:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr2866ih/pdf/BILLS-112hr2866ih.pdf