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- S.1035
S.1035: Fire Sprinkler Incentive Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced May 19, 2011
- Latest Major Action May 19, 2011
Bill Sponsor
Bill Cosponsors
5 (3 Democrats, 2 Republicans)
Bill Summary
Fire Sprinkler Incentive Act of 2011 - 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 systems that is installed in a building where the floor of any occupiable story is greater than 75 feet above the lowest level of fire...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 19, 2011 |
Introduced in the Senate by Thomas R. Carper (D-Del.) |