HR 1792 · 112th Congress · Taxation
Fire Sprinkler Incentive Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2011-05-05)
Plain Language Summary
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Fire Sprinkler Incentive Act - Amends the Internal Revenue Code to allow: (1) 100% expensing in a current taxable year of the cost of an automated fire sprinkler system, as defined by this Act; and (2) accelerated depreciation (i.e., a 15-year recovery period) of such an automated fire sprinkler system that is installed in a building where the floor of any occupiable story is greater than 75 feet above the lowest level of fire department vehicle access.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
15 Democrats5 Republicans