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Senate Bill Calls for Refundable Tax Credit for Sprinklers in Historic Structures

Posted By Bob Ogle, Friday, August 9, 2013

Sen. Patrick Leahy (D-Vt.) has introduced legislation that would provide a refundable tax credit of up to $50,000 annually for installation of sprinkler systems that meet NFPA 13 requirements.

The tax credit applies only to national historic landmarks and nonprofit entities owning those buildings, and does not apply to single family residences. The bill, S. 1421, has been referred to the Senate Finance Committee.

ESA Government Relations Director John Chwat said the association has already begun to reach out to the committee regarding this bill, as well as legislation proposed in June by Sen. Thomas Carper (D-Del.). His bill, S. 1163, would change tax expensing and depreciation provisions for certain types of fire sprinkler systems.  

Ultimately, Chwat said, ESA will continue to press for a balanced approach, with inclusion of detection devices in the proposed legislation.

Tags:  fire suppression  sprinklers 

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