3.0.0 4165 2023-01-11T13:32:30Z 2023-01-11T13:32:30Z House HR 2015-12-03 114 [Congressional Record Volume 161, Number 175 (Thursday, December 3, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DOLD:H.R. 4165.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1.[Page H9012]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-12-03T14:00:30Z 2015-12-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-12-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-12-03 Introduced in House IntroReferral 1000 9 Library of Congress D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 N S001156 Rep. Sánchez, Linda T. [D-CA-38] Linda Sánchez D CA T. 38 2015-12-03 True D000622 Rep. Duckworth, Tammy [D-IL-8] Tammy Duckworth D IL 8 2015-12-17 False H001051 Rep. Hanna, Richard L. [R-NY-22] Richard Hanna R NY L. 22 2016-02-23 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2016-03-14 False W000799 Rep. Walz, Timothy J. [D-MN-1] Timothy Walz D MN J. 1 2016-04-13 False D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2016-04-19 False J000294 Rep. Jeffries, Hakeem S. [D-NY-8] Hakeem Jeffries D NY S. 8 2016-04-21 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2016-05-10 False G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2016-05-13 False R000588 Rep. Richmond, Cedric L. [D-LA-2] Cedric Richmond D LA L. 2 2016-05-13 False N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2016-07-06 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2016-07-13 False Taxation Business investment and capital Energy efficiency and conservation Income tax deductions Lighting and heating Lighting, heating, cooling Taxation 00 2015-12-03 Introduced in House 2016-01-29T14:48:07Z Mechanical Insulation Installation Incentive Act of 2015

This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) 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; and (2) allows the cost of replacing mechanical insulation property to be treated as a deductible business expense in the current taxable year.

The bill 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 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.

The bill also allows a tax deduction for capital expenditures related to mechanical insulation property.

]]> Mechanical Insulation Installation Incentive Act of 2015 Display Title Mechanical Insulation Installation Incentive Act of 2015 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a tax incentive for the installation and maintenance of mechanical insulation property. Introduced in House IH Short Titles as Introduced Mechanical Insulation Installation Incentive Act of 2015 Introduced in House 2015-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4165ih/xml/BILLS-114hr4165ih.xml 2015-12-03 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.