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S. 4234 118th Congress Senate

High Rise Fire Sprinkler Incentive Act of 2024

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

Introduced: May 1, 2024 Introduced by: Michael F. Bennet Democratic · Colorado See on congress.gov
Taxation Business investment and capitalFiresIncome tax deductionsResidential rehabilitation and home repair
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 1, 2024
Read twice and referred to the Committee on Finance.
May 1, 2024
Introduced in Senate
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 Latest action May 1, 2024

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

High Rise Fire Sprinkler Incentive Act of 2024

This bill classifies any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation using the straight line method. Such property is installed for use in residential property.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Collins, Susan M.
Maine · May 1, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4234: High Rise Fire Sprinkler Incentive Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-4234/
MLA
"S. 4234: High Rise Fire Sprinkler Incentive Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-4234/.
Bluebook (legal)
S. 4234, 118th Cong. (2026), https://openamerica.io/bill/118-S-4234/.
Markdown link
[S. 4234: High Rise Fire Sprinkler Incentive Act of 2024](https://openamerica.io/bill/118-S-4234/)
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