Mechanical Insulation Legislative Update - June 26, 2020
Friday, June 26, 2020
An update from Government Affairs Director Chip Gardiner:
Since last November when we first secured mechanical insulation tax incentives into the House Ways and Means GREEN bill discussion draft, we have been optimistic that the Mechanical Insulation tax incentives would be included as part of a larger infrastructure bill that the U.S House of Representatives would consider and approve. Our optimism was further increased when the Joint Committee on Taxation contacted us to get information that they needed to complete their economic/budgetary analysis for the Mechanical Insulation tax incentives.
I am pleased to share with you that we are very close to the day when the House will consider the infrastructure legislation that contains the Mechanical Insulation tax incentives. The morning of June 22, the House Democratic leadership released the bill language for the infrastructure bill (H.R. 2), and our Mechanical Insulation tax incentives are included as Section 90442.
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