THE MAGAZINE

U.S. Congressional Legislation: Sprinkler Systems

A bill (H.R. 1194) introduced by Rep. James Langevin (D-RI) would provide tax breaks for companies that install automatic fire sprinkler systems. Under the bill, the systems would be counted as five-year property for depreciation purposes. The measure would be retroactive, applying to systems put in place after April 11, 2003.

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