Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Register
Community Search
Sign In to Your Profile

Forgot your password?

Haven't registered yet?

Latest News

10/27/2016 » 10/28/2016
SCESA Annual Meeting, Trade Show and Golf Tournament

11/1/2016 » 11/2/2016
Mississippi Electronic Security Association 2016 Trade Show & Convention

Nevada Security Association (NSA) 7th Annual Youth Scholarship Fundraiser Poker Party

11/16/2016 » 11/17/2016
20th Annual LLSSA Convention

Government Relations News
Blog Home All Blogs
Search all posts for:   


View all (111) posts »

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

Posted By Bob Ogle, Friday, August 09, 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 

Permalink | Comments (0)