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Summary (1)

There is one summary for H.R.3591. View summaries

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Introduced in House (09/22/2015)

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.


Actions Overview (1)

Date
09/22/2015 Introduced in House

All Actions (2)

Date
09/22/2015 Referred to the House Committee on Ways and Means.
Action By: House of Representatives
09/22/2015 Introduced in House
Action By: House of Representatives

Titles (2)

Short Titles:

Short Titles - House of Representatives

Short Titles as Introduced:

Fire Sprinkler Incentive Act

Official Titles:

Official Titles - House of Representatives

Official Title as Introduced:

To amend the Internal Revenue Code of 1986 to include automated fire sprinkler system retrofits as section 179 property and classify certain automated fire sprinkler system retrofits as 15-year property for purposes of depreciation.


Subjects (4)

  • Business investment and capital
  • Fires
  • Income tax deductions

Cosponsors (27)


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means09/22/2015 Referred to

Related Bills (1)

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.