HR 2866 · 112th Congress 2011–2013, ended

Mechanical Insulation Installation Incentive Act of 2011

Introduced Sep 8, 2011 Originated House Sponsor Donald A. Manzullo R-IL

Fact sheet

Latest action · Sep 8, 2011 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedSep 8, 2011
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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.

Cosponsors 77

Members who signed on, in the order they did. Signatures ran from Sep 8, 2011 to Sep 25, 2012, with 11 there on the day it was introduced.

SeatCosponsorSigned on
D-NYCarolyn B. MaloneyOriginalSep 8, 2011
D-ILDaniel LipinskiOriginalSep 8, 2011
D-ILJesse L. Jackson, Jr.OriginalSep 8, 2011
D-NYJoseph CrowleyOriginalSep 8, 2011
D-PAMark S. CritzOriginalSep 8, 2011
D-MEMichael H. MichaudOriginalSep 8, 2011
R-NYPeter T. KingOriginalSep 8, 2011
D-NJRush HoltOriginalSep 8, 2011
D-NYSteve IsraelOriginalSep 8, 2011
D-OHTim RyanOriginalSep 8, 2011
D-NYTimothy H. BishopOriginalSep 8, 2011
D-CALaura RichardsonSep 20, 2011
R-COMike CoffmanSep 20, 2011
D-INJoe DonnellyOct 6, 2011
R-PATodd Russell PlattsOct 6, 2011
Show all 77 cosponsors

Actions 3

Everything that happened, newest first.

  1. Sep 8, 2011Introduced in House
  2. Sep 8, 2011Referred to the House Committee on Ways and Means.
  3. Sep 8, 2011Sponsor introductory remarks on measure. (CR E1557)

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1526Mechanical Insulation Installation Incentive Act of 2011Identical billSep 8, 2011

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Sep 8, 2011Introduced in House

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