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The Fire Sprinkler Incentive Act of 2003 (HR 1824 and S 1566) (Sprinkler Tax Credit)
What It Does: Recent fires across the nation – including the nightclub fire in West Warwick, RI and a recent apartment fire in Glendale, CO – clearly show the importance of retrofitting existing buildings with sprinklers. The Fire Sprinkler Incentive Act of 2003 (H.R. 1824 and S. 1566) would create a federal tax incentive to install automatic fire sprinkler systems. Specifically, the bill would classify automatic fire sprinkler systems as five-year depreciable property.
Where It Stands: The bill currently has 134 cosponsors in the U.S. House of Representatives and three cosponsors in the United States Senate.
What the IAFC Is Doing: The IAFC is seeking to increase the number of cosponsors in both the House and the Senate.
What You Can Do:
For further information, contact: Matthew W. Spengler, IAFC Government Relations Manager, mspengler@iafc.org, 703-273-0911
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Missouri Valley Division of the IAFC
PO Box 80003, Lincoln, NE 68501 Copyright © 2002 - 2008 Webmaster webmaster@mvafc.org
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