US HB3591 | 2015-2016 | 114th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 19-9)
Status: Introduced on September 22 2015 - 25% progression, died in committee
Action: 2015-09-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Fire Sprinkler Incentive Act

Sponsors


History

DateChamberAction
2015-09-22HouseReferred to the House Committee on Ways and Means.
2015-09-22HouseIntroduced in House

Same As/Similar To

SB2068 (Same As) 2015-09-22 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6896-6897)

Subjects


US Congress State Sources


Bill Comments

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