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