HR 6192
High Rise Fire Sprinkler Incentive Act of 2021
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to encourage building owners to install automatic fire sprinkler systems in high-rise buildings by providing a tax incentive. It classifies retrofitted sprinkler systems as ‘15-year property,’ allowing building owners to depreciate the cost of these systems over a shorter period, making them more attractive investments. The bill defines what qualifies as an ‘automatic fire sprinkler system retrofit property’ and establishes specific criteria for eligibility. This will ultimately help improve fire safety in tall buildings.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Bill, Jr. Pascrell
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.