Fire Sprinkler Incentive Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 22, 2015)
Fire Sprinkler Incentive Act
This bill amends the Internal Revenue Code to allow: (1) 100% expensing in a current taxable year of the cost of automated fire sprinkler system retrofit property, as defined by this Act; and (2) accelerated depreciation (i.e., a 15-year recovery period) of automated fire sprinkler system retrofit property that is installed in a building or structure where the floor of any occupiable story is greater than 75 feet above the lowest level of fire department vehicle access and that has a certain classification by the National Fire Protection Association.
What just happenedSep 22, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseSep 22, 2015
- Sep 22, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 22, 2015IntroReferralIntro-H
Introduced in House
- Sep 22, 2015IntroReferral1000
Introduced in House