A bill to amend the Internal Revenue Code of 1954 to provide an additional investment tax credit for fire prevention equipment.

Amends the Internal Revenue Code to qualify fire prevention property for the investment tax credit. Defines "fire prevention property" as depreciable property with a useful life of three years or more which is: (1) an automatic sprinkler system; (2) an early fire detection system; (3) a fire extinguisher; (4) a fire-rated door or wall; or (5) an item which, pursuant to regulations, the Secretary of the Treasury specifies as increasing a building's fire safety.