Tax deduction for mechanical insulation property.

Authors: Representative Justin Moed


Provides an income tax deduction for depreciable costs incurred by a taxpayer to install mechanical insulation property. Defines "mechanical insulation property" as insulation materials used for thermal, acoustical, and personal safety requirements for mechanical piping and equipment, hot and cold applications, and heating, venting, and air conditioning applications. Provides that the amount of the deduction is the lesser of: (1) 30%; or (2) the percentage of excess energy savings from the installed mechanical insulation property when compared to the minimum energy savings requirements for buildings as published by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (standard 90.1-2007).