H.R.3591: Fire Sprinkler Incentive Act

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Bill 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...

(Source: Library of Congress)

Bill Actions

Date Description
Sept. 22, 2015
Referred to the House Committee on Ways and Means.
Sept. 22, 2015

Introduced in the House by Tom Reed (R-N.Y.)

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