S 1163
113th Congress
Senate
Taxation
Business investment and capital
Fires
Income tax deductions
Fire Sprinkler Incentive Act
Introduced: June 13, 2013
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 2013
Read twice and referred to the Committee on Finance.
Jun 13, 2013
Introduced in Senate
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 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's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1