Comments: IN HB1566 | 2015 | Regular Session
Bill Title: Tax deduction for mechanical insulation property. Provides an income tax deduction for depreciable costs incurred by a taxpayer to install mechanical insulation property. Defines "mechanical insulation property" as insulation materials used for thermal, acoustical, and personal safety requirements for mechanical piping and equipment, hot and cold applications, and heating, venting, and air conditioning applications. Provides that the amount of the deduction is the lesser of: (1) 30%; or (2) the percentage of excess energy savings from the installed mechanical insulation property when compared to the minimum energy savings requirements for buildings as published by the American Society of Heating, Refrigerating
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-01-20 - First Reading: referred to Committee on Ways and Means [HB1566 Detail]
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-01-20 - First Reading: referred to Committee on Ways and Means [HB1566 Detail]
Text: Latest bill text (Introduced) [PDF]
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