HR 3591
114th Congress
House
Taxation
Business investment and capital
Fires
Income tax deductions
Fire Sprinkler Incentive Act
Introduced: September 22, 2015
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2015
Referred to the House Committee on Ways and Means.
Sep 22, 2015
Introduced in House
Plain-English summary
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's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1