|Posted:||December 1, 2020 11:45 AM|
|From:||Representative Susan C. Helm|
|To:||All House members|
|Subject:||Mechanical Insulation Installation Tax Credit|
|In the near future, I plan to introduce legislation to incentivize the energy efficient installation of mechanical insulation for commercial and industrial projects.
Specifically, my legislation will provide a tax credit equal to 30% of the total capital investment, including amounts paid to purchase mechanical insulation and associated labor, made by a company to install mechanical insulation on a commercial or industrial property within the Commonwealth in adherence with the American Society of Heating, Refrigeration and Air-Conditioning Engineers (“ASHRAE”) minimum requirements. This tax credit would be limited in its scope, in that it can only be used to offset a portion of corporate net income tax liabilities, and it cannot be carried forward, back, used to obtain a refund, or be sold or assigned.
Through this effort, I believe we will encourage vital sectors of our economy to adopt paramount standards in constructing a “healthy and sustainable built environment for all” Pennsylvanians to enjoy and prosper. I respectfully ask for your consideration to join me as a co-sponsor of this legislation.
Introduced as HB23