US SB2068 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on September 22 2015 - 25% progression, died in committee
Action: 2015-09-22 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6896-6897)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 22 2015 - 25% progression, died in committee
Action: 2015-09-22 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6896-6897)
Pending: Senate Finance 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.
Title
Fire Sprinkler Incentive Act
Sponsors
Sen. Susan Collins [R-ME] | Sen. Thomas Carper [D-DE] | Sen. Sheldon Whitehouse [D-RI] | Sen. Richard Blumenthal [D-CT] |
Sen. Dianne Feinstein [D-CA] | Sen. Pat Toomey [R-PA] |
History
Date | Chamber | Action |
---|---|---|
2015-09-22 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6896-6897) |
Same As/Similar To
HB3591 (Same As) 2015-09-22 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2068/all-info |
Text | https://www.congress.gov/114/bills/s2068/BILLS-114s2068is.pdf |