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S 2068 114th Congress Senate

Fire Sprinkler Incentive Act

Official title: A bill to amend the Internal Revenue Code of 1986 to include automated fire sprinkler system retrofits as section 179 property and classify certain automated f… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to include automated fire sprinkler system retrofits as section 179 property and classify certain automated fire sprinkler system retrofits as 15-year property for purposes of depreciation.

Introduced: April 26, 2016 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
Taxation Business investment and capitalFiresIncome tax deductions
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6896-6897)
Sep 22, 2015
Introduced in Senate
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 Latest action September 22, 2015

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6896-6897)

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 3591 Identical bill Fire Sprinkler Incentive Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2
Toomey, Patrick
· Apr 26, 2016
 D
Blumenthal, Richard
Connecticut · Feb 3, 2016
 D
Whitehouse, Sheldon
Rhode Island · Oct 7, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2068: Fire Sprinkler Incentive Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-2068/
MLA
"S. 2068: Fire Sprinkler Incentive Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2068/.
Bluebook (legal)
S. 2068, 114th Cong. (2026), https://openamerica.io/bill/114-S-2068/.
Markdown link
[S. 2068: Fire Sprinkler Incentive Act](https://openamerica.io/bill/114-S-2068/)
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