HR 1792
112th Congress
House
Taxation
Business investment and capital
Fires
Income tax deductions
Fire Sprinkler Incentive Act
Introduced: May 5, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2011
Referred to the House Committee on Ways and Means.
May 5, 2011
Introduced in House
Plain-English summary
Fire Sprinkler Incentive Act - Amends the Internal Revenue Code to allow: (1) 100% expensing in a current taxable year of the cost of an automated fire sprinkler system, as defined by this Act; and (2) accelerated depreciation (i.e., a 15-year recovery period) of such an automated fire sprinkler system that is installed in a building where the floor of any occupiable story is greater than 75 feet above the lowest level of fire department vehicle access.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1