,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #bdfc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #bg1 #bjbe,ms4   
,sn*ez 7= h]self & ,mr4 ,fitzpatrick7   
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 
( #bjbe4  #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;,,bb4 ,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 7includ+ prop]ty assembl$      
(fsite7 ) 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 9 a mann] t meets 
or complies ) ! m9imum requirem5ts (    
,ref]5ce ,/&>d #ij4a 7z def9$ 9 section 
#agi;,d7c77#b771 &  7,c7 ! in/allation (
 :i* results 9 a r$uction 9 en]gy loss f
 su* me*anical sy/em4  7c7 ,t]m9ation   

,?is section %all n apply to me*anical  
insulation labor co/s paid or incurr$   
aft] ,decemb] #ca1 #bjbh4  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#dj71  
by /rik+ ! p]iod at ! end ( p>agraph    
7#da7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#db7 !     
me*anical insulation labor co/s cr$it   
det]m9$ "u section #de;,,bb7a74  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;,,bb7b77    
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;,,bb7a74  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;,,bb7a71   

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;,,bb4 ,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 #bjbe1 9     
taxable ye>s end+ aft] su* date4