118th Congress · HOUSE BILLBILL

H.R. 8135 — High Rise Fire Sprinkler Incentive Act of 2024

“To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation.”

Taxation

Introduced Apr 26, 2024

Last action Apr 26, 2024

Pipeline · Bill → Law

Step 1

Introduced

Apr 26, 2024

Step 2

Referred

Apr 26, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill classifies any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 26, 2024

Introduced in House

Apr 26, 2024

Referred to the House Committee on Ways and Means.