US Congress House Bill 2866 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 53-25)
Status: Introduced on September 8 2011 - 25% progression, died in committee
Action: 2011-09-08 - 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. Donald Manzullo [R-IL]	Rep. Jason Altmire [D-PA]	Rep. Timothy Bishop [D-NY]	Rep. Paul Broun [R-GA]
Rep. Michael Burgess [R-TX]	Rep. Lois Capps [D-CA]	Rep. Michael Capuano [D-MA]	Rep. Russ Carnahan [D-MO]
Rep. John Carney [D-DE]	Rep. Andre Carson [D-IN]	Rep. Ben Chandler [D-KY]	Rep. David Cicilline [D-RI]
Rep. Yvette Clarke [D-NY]	Rep. Howard Coble [R-NC]	Rep. Mike Coffman [R-CO]	Rep. John Conyers [D-MI]
Rep. Jerry Costello [D-IL]	Rep. Mark Critz [D-PA]	Rep. Joseph Crowley [D-NY]	Rep. Danny Davis [D-IL]
Rep. Mario Diaz-Balart [R-FL]	Rep. John Dingell [D-MI]	Sen. Joe Donnelly [D-IN]	Rep. Donna Edwards [D-MD]
Rep. Sam Graves [R-MO]	Rep. Gene Green [D-TX]	Rep. Michael Grimm [R-NY]	Rep. Janice Hahn [D-CA]
Rep. Richard Hanna [R-NY]	Rep. Brian Higgins [D-NY]	Sen. Mazie Hirono [D-HI]	Rep. Rush Holt [D-NJ]
Rep. Michael Honda [D-CA]	Rep. Randy Hultgren [R-IL]	Rep. Steve Israel [D-NY]	Rep. Sheila Jackson-Lee [D-TX]
Rep. Jesse Jackson [D-IL]	Rep. Henry Johnson [D-GA]	Rep. Timothy Johnson [R-IL]	Rep. Marcy Kaptur [D-OH]
Rep. Dale Kildee [D-MI]	Rep. Peter King [R-NY]	Rep. Leonard Lance [R-NJ]	Rep. Steven LaTourette [R-OH]
Rep. Daniel Lipinski [D-IL]	Rep. Frank LoBiondo [R-NJ]	Rep. Stephen Lynch [D-MA]	Rep. Carolyn Maloney [D-NY]
Rep. Carolyn McCarthy [D-NY]	Rep. Thaddeus McCotter [R-MI]	Rep. Jerry McNerney [D-CA]	Rep. Michael Michaud [D-ME]
Rep. James Moran [D-VA]	Rep. Frank Pallone [D-NJ]	Rep. Bill Pascrell [D-NJ]	Rep. Todd Platts [R-PA]
Rep. David Price [D-NC]	Rep. Mike Quigley [D-IL]	Rep. Nick Rahall [D-WV]	Rep. Laura Richardson [D-CA]
Rep. Ileana Ros-Lehtinen [R-FL]	Rep. Jon Runyan [R-NJ]	Rep. Bobby Rush [D-IL]	Rep. Tim Ryan [D-OH]
Rep. Robert Schilling [R-IL]	Rep. Aaron Schock [R-IL]	Rep. Pete Sessions [R-TX]	Rep. Terri Sewell [D-AL]
Rep. John Shimkus [R-IL]	Rep. Louise Slaughter [D-NY]	Rep. Christopher Smith [R-NJ]	Rep. Betty Sutton [D-OH]
Rep. John Tierney [D-MA]	Rep. Paul Tonko [D-NY]	Rep. Edolphus Towns [D-NY]	Rep. Michael Turner [R-OH]
Sen. Chris Van Hollen [D-MD]	Sen. Peter Welch [D-VT]

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	https://www.congress.gov/bill/112th-congress/house-bill/2866/all-info
Text	https://www.congress.gov/112/bills/hr2866/BILLS-112hr2866ih.pdf