Bill118th CongressFiled May 1, 2024Taxation
S. 4234
High Rise Fire Sprinkler Incentive Act of 2024
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (May 1, 2024)
High Rise Fire Sprinkler Incentive Act of 2024
This bill classifies any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation using the straight line method. Such property is installed for use in residential property.
What just happenedMay 1, 2024
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Bennet, Michael F. [D-CO](D-CO)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions1related bills
- Introduced in SenateMay 1, 2024
- May 1, 2024IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - May 1, 2024IntroReferral10000
Introduced in Senate