S 1035
112th Congress
Senate
Taxation
Business investment and capital
Fires
Income tax deductions
Fire Sprinkler Incentive Act of 2011
Introduced: May 19, 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 19, 2011
Read twice and referred to the Committee on Finance.
May 19, 2011
Introduced in Senate
Plain-English summary
Fire Sprinkler Incentive Act of 2011 - 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 systems 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1