A bill to amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation.
High Rise Fire Sprinkler Incentive Act of 2021
This bill classifies any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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