US Congress Senate Bill 1163 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on June 13 2013 - 25% progression, died in committee
Action: 2013-06-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Fire Sprinkler Incentive Act - 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.

Fire Sprinkler Incentive Act

Sen. Thomas Carper [D-DE]	Sen. Susan Collins [R-ME]	Sen. Amy Klobuchar [D-MN]	Sen. Pat Toomey [R-PA]
Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2013-06-13	Senate	Read twice and referred to the Committee on Finance.

HB5622 (Same As) 2014-09-18 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1163/all-info
Text	https://www.congress.gov/113/bills/s1163/BILLS-113s1163is.pdf