US HB184 | 2013-2014 | 113th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 46-16)
Status: Introduced on January 4 2013 - 25% progression, died in committee
Action: 2013-01-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Mechanical Insulation Installation Incentive Act of 2013 - 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.

Tracking Information

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Title

Mechanical Insulation Installation Incentive Act of 2013

Sponsors

Rep. Michael Grimm [R-NY]Rep. Joyce Beatty [D-OH]Rep. Timothy Bishop [D-NY]Rep. Paul Broun [R-GA]
Rep. Julia Brownley [D-CA]Rep. Michael Burgess [R-TX]Rep. Cheri Bustos [D-IL]Rep. Andre Carson [D-IN]
Rep. Matthew Cartwright [D-PA]Rep. Judy Chu [D-CA]Rep. Rodney Davis [R-IL]Rep. Mario Diaz-Balart [R-FL]
Rep. John Dingell [D-MI]Sen. Tammy Duckworth [D-IL]Rep. William Enyart [D-IL]Rep. Elizabeth Esty [D-CT]
Rep. Bill Foster [D-IL]Rep. John Garamendi [D-CA]Rep. Sam Graves [R-MO]Rep. Richard Hanna [R-NY]
Rep. Rush Holt [D-NJ]Rep. Michael Honda [D-CA]Rep. Steven Horsford [D-NV]Rep. Bill Johnson [R-OH]
Rep. Henry Johnson [D-GA]Rep. David Joyce [R-OH]Rep. Marcy Kaptur [D-OH]Rep. Robin Kelly [D-IL]
Rep. Derek Kilmer [D-WA]Rep. Peter King [R-NY]Rep. Ann Kuster [D-NH]Rep. Leonard Lance [R-NJ]
Rep. Rick Larsen [D-WA]Rep. Daniel Lipinski [D-IL]Rep. Frank LoBiondo [R-NJ]Rep. Betty McCollum [D-MN]
Rep. David McKinley [R-WV]Rep. Michael Michaud [D-ME]Rep. James Moran [D-VA]Rep. Tim Murphy [R-PA]
Rep. Eleanor Norton [D-DC]Rep. Donald Payne [D-NJ]Sen. Gary Peters [D-MI]Rep. Scott Peters [D-CA]
Rep. Chellie Pingree [D-ME]Rep. Mark Pocan [D-WI]Rep. David Price [D-NC]Rep. Mike Quigley [D-IL]
Rep. Charles Rangel [D-NY]Rep. Cedric Richmond [D-LA]Rep. Jon Runyan [R-NJ]Rep. Bobby Rush [D-IL]
Rep. Tim Ryan [D-OH]Rep. Linda Sanchez [D-CA]Rep. Bradley Schneider [D-IL]Rep. John Tierney [D-MA]
Rep. Paul Tonko [D-NY]Rep. Michael Turner [R-OH]Sen. Chris Van Hollen [D-MD]Rep. Marc Veasey [D-TX]
Rep. Henry Waxman [D-CA]Sen. Peter Welch [D-VT]

History

DateChamberAction
2013-01-04HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

SB775 (Same As) 2013-04-22 - Read twice and referred to the Committee on Finance.
HB4956 (Related) 2014-11-17 - Referred to the Subcommittee on Higher Education and Workforce Training.

Subjects


US Congress State Sources


Bill Comments

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