To amend the Internal Revenue Code of 1986 to provide a credit for the labor costs of installing mechanical insulation property.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for the labor costs of installing mechanical insulation property., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Energy, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H0CE6AF53C8BB4B4E949F81D928FDB622: 1. Short title This Act may be cited as the Mechanical Insulation Installation Incentive Act of 2023.
- Section H341B8BC02DA040E4B3D634150D2ABEBC: 2. Labor costs of installing mechanical insulation property Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended...
- Section H057FDF1310494ABEB56A84BBD22E7A3D: 45BB. Labor costs of installing mechanical insulation property For purposes of section 38, the mechanical insulation labor costs credit determined under this...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for the labor costs of installing mechanical insulation property., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Energy, Labor
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for the labor costs of installing mechanical insulation property., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Sánchez (for herself and Mr. Fitzpatrick) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology