Fire Sprinkler Incentive Act
Latest action · Mar 9, 2017 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1748-1749)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 9, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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 bill; and (2) accelerated depreciation (i.e., a 15-year recovery period) of automated fire sprinkler system retrofit property that has a certain classification by the National Fire Protection Association and is installed in a building or structure that was placed in service before the sprinkler system and has an occupiable story that is greater than 75 feet above the lowest level of fire department vehicle access.
"Automated fire sprinkler system retrofit property" does not include any sprinkler system required to be installed under state or local law due to the degree of additions or improvements made to a building or structure.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Mar 9, 2017 to Sep 7, 2017; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-DE | Thomas R. Carper | Original | Mar 9, 2017 |
| D-DE | Christopher A. Coons | Mar 27, 2017 | |
| D-RI | Jack Reed | Apr 24, 2017 | |
| D-RI | Sheldon Whitehouse | May 23, 2017 | |
| D-MI | Gary C. Peters | Jul 25, 2017 | |
| R-SC | Lindsey Graham | Jul 25, 2017 | |
| R-MO | Roy Blunt | Sep 7, 2017 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 9, 2017 |
Actions 2
Everything that happened, newest first.
- Mar 9, 2017Introduced in Senate
- Mar 9, 2017Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1748-1749)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S1748 | Susan M. Collins R-ME | Mar 9, 2017 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1481 | Fire Sprinkler Incentive Act | Identical bill | Mar 9, 2017 |
| S 2068 | Fire Sprinkler Incentive Act | Reintroduction of | Sep 22, 2015 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill 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.
- Short Titles as Introduced
- Fire Sprinkler Incentive Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 9, 2017Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
