H. R. 2463 proposes an amendment to the Internal Revenue Code of 1986 to offer a tax credit for the labor costs associated with installing mechanical insulation. The bill defines mechanical insulation as materials installed on mechanical systems that reduce energy loss,...
Simple Explanation
H. R. 2463 is a plan to let people have a money-saving coupon (tax credit) when they pay workers to add special insulation around machines to keep energy from escaping, starting in 2026 and ending in 2028.