summary
Introduced
11/19/2019
11/19/2019
In Committee
11/19/2019
11/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to provide a credit for the labor costs of installing mechanical insulation property. This bill allows a tax credit for 10% of the labor costs of installing mechanical insulation property.
AI Summary
This bill, the Mechanical Insulation Installation Incentive Act of 2019, proposes to amend the Internal Revenue Code of 1986 to provide a tax credit for 10% of the labor costs of installing mechanical insulation property. The credit applies to the installation of insulation materials, facings, and accessory products on mechanical systems located in the United States that were placed in service at least one year prior, and that result in greater energy loss reduction than the minimum requirements. The credit is available for mechanical insulation labor costs paid or incurred after December 31, 2019, and will terminate on December 31, 2024.
Committee Categories
Budget and Finance
Sponsors (13)
Linda Sánchez (D)*,
Earl Blumenauer (D),
Brendan Boyle (D),
Danny Davis (D),
Suzan DelBene (D),
Dan Kildee (D),
Gwen Moore (D),
Stephanie Murphy (D),
Jimmy Panetta (D),
Tom Reed (R),
Brad Schneider (D),
Tom Suozzi (D),
Xochitl Torres Small (D),
Last Action
Referred to the House Committee on Ways and Means. (on 11/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/5166/all-info |
| BillText | https://www.congress.gov/116/bills/hr5166/BILLS-116hr5166ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5166/BILLS-116hr5166ih.pdf.pdf |
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