S 4234
118th Congress
Senate
Taxation
Business investment and capital
Fires
Income tax deductions
Residential rehabilitation and home repair
High Rise Fire Sprinkler Incentive Act of 2024
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1