S. 4234 · 118th Congress
High Rise Fire Sprinkler Incentive Act of 2024
- Stage
- In committee
- Sponsor
- Michael Bennet
- Introduced
- 2024-05-01
- Latest action
- 2024-05-01 · Introduced in Senate
Summary
High Rise Fire Sprinkler Incentive Act of 2024
This bill classifies any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation using the straight line method. Such property is installed for use in residential property.