,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #eaff  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #ai1         
#bjai,ms4 ,sn*ez 7= h]self1 ,mr4        
,suozzi1 ,mr4 ,danny ,k4 ,davis (       
,ill9ois1 ,ms4 ,del,bene1 ,mr4 ,panetta1
 ,mr4 ,br5dan ,f4 ,boyle ( ,p5nsylvania1
 ,ms4 ,moore1 & ,mr4 ,blum5au]7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide a cr$it = !    
labor co/s ( in/all+ me*anical          
insulation prop]ty4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,me*anical    
,insulation ,in/allation ,inc5tive ,act 
( #bjai4  #b4 ,labor co/s ( in/all+     
me*anical insulation prop]ty  7a7 ,9    
g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new section3  #de,t4 ,labor co/s 
( in/all+ me*anical insulation prop]ty  
7a7 ,9 g5]al ,= purposes ( section #ch1 
! me*anical insulation labor co/s cr$it 

det]m9$ "u ?is section = any taxable ye>
 is an am\nt equal to #aj p]c5t ( !     
me*anical insulation labor co/s paid or 
incurr$ by ! taxpay] dur+ su* taxable   
ye>4  7b7 ,me*anical insulation labor   
co/s ,= purposes ( ?is section-- 7#a7 ,9
 g5]al ,! t]m me*anical insulation labor
 co/s means ! labor co/ ( in/all+       
me*anical insulation prop]ty ) respect  
to a me*anical sy/em ref]r$ to 9        
p>agraph 7#b77;,a7 :i* 0 orig9ally plac$
 9 s]vice n less ?an #a ye> be=e ! date 
on :i* su* me*anical insulation prop]ty 
is in/all$4  7#b7 ,me*anical insulation 
prop]ty ,! t]m me*anical insulation     
prop]ty means insulation mat]ials1 &    
fac+s & accessory products in/all$ 9    
connection to su* insulation mat]ials-- 
7,a7 plac$ 9 s]vice 9 connection ) a    
me*anical sy/em :i*-- 7i7 is locat$ 9 ! 
,unit$ ,/ates1 &  7ii7 is ( a "* subject
 to an all[ance = depreciation1 &  7,b7 
:i* result 9 a r$uction 9 en]gy loss f !
 me*anical sy/em :i* is great] ?an !    
expect$ r$uction f ! in/allation (      

insulation mat]ials :i* meet ! m9imum   
requirem5ts ( ,ref]5ce ,/&>d #ij4a 7z   
def9$ 9 section #agi;,d7c77#b774  7c7   
,t]m9ation ,?is section %all n apply to 
me*anical insulation labor co/s paid or 
incurr$ aft] ,decemb] #ca1 #bjbd4  4    
7b7 ,cr$it all[$ z "p ( g5]al bus9ess   
cr$it ,section #ch7;b7 ( su* ,code is   
am5d$ by /rik+ plus at ! end ( p>agraph 
7#ca71 by /rik+ ! p]iod at ! end (      
p>agraph 7#cb7 & ins]t+ 1 plus1 & by    
add+ at ! end ! foll[+ new p>agraph3    
7#cc7 ! me*anical insulation labor co/s 
cr$it det]m9$ "u section #de,t7a74  4   
7c7 ,con=m+ am5dm5ts  7#a7 ,section     
#bhj;,c ( su* ,code is am5d$ by add+ at 
! end ! foll[+ new subsection3  7i7     
,me*anical insulation labor co/s cr$it  
7#a7 ,9 g5]al ,no d$uction %all be all[$
 = t portion ( ! me*anical insulation   
labor co/s 7z def9$ 9 section #de,t7b77 
o!rwise all[able z d$uction = ! taxable 
ye> :i* is equal to ! am\nt ( ! cr$it   
det]m9$ = su* taxable ye> "u section    
#de,t7a74  7#b7 ,simil> rule :]e taxpay]

 capitalizes r ?an d$ucts exp5ses ,if-- 
7,a7 ! am\nt ( ! cr$it det]m9$ = !      
taxable ye> "u section #de,t7a71 exce$s 
7,b7 ! am\nt ( all[able z a d$uction =  
su* taxable ye> = me*anical insulation  
labor co/s 7det]m9$ )\t reg>d to        
p>agraph 7#a771  ! am\nt *>geable to    
capital acc\nt = ! taxable ye> = su*    
co/s %all be r$uc$ by ! am\nt ( su*     
excess4  4  7#b7 ,! table ( sections =  
subp>t ,d ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( su* ,code is am5d$ by add+ at
 ! end ! foll[+ new item3  ,sec4 #de,t4 
,labor co/s ( in/all+ me*anical         
insulation prop]ty4  4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to am\nts paid or incurr$    
aft] ,decemb] #ca1 #bjai1 9 taxable ye>s
 end+ aft] su* date4