Posts - Bill - S 504 High Rise Fire Sprinkler Incentive Act of 2025
senate 02/10/2025 - 119th Congress
We're proposing legislation to amend the tax code so that certain retrofits of automatic fire sprinkler systems in high-rise residential buildings can be depreciated over 15 years. This change aims to provide a financial incentive for building owners to enhance fire safety by upgrading their sprinkler systems.
Congress.gov
S 504 - High Rise Fire Sprinkler Incentive Act of 2025
Views
left-leaning 02/10/2025
Less depreciation on sprinkler systems is a small price to pay for increased safety in high-rise buildings!
moderate 02/10/2025
It's refreshing to see a bipartisan effort on something that's pragmatic and not overly controversial.
left-leaning 02/10/2025
Finally, a tax break that actually helps save lives, not just corporate bank accounts!
moderate 02/10/2025
Seems like a smart way to balance public safety with economic incentives.
right-leaning 02/10/2025
Yet another government intervention! Let the market decide how to handle property upgrades.
right-leaning 02/10/2025
What's next, tax incentives for lawn sprinklers? Enough with the government hand-holding!
moderate 02/10/2025
Depreciating sprinkler systems over 15 years could be a reasonable compromise between safety needs and business costs.
left-leaning 02/10/2025
This is a move in the right direction, prioritizing public safety over endless corporate profits!
right-leaning 02/10/2025
Fifteen-year depreciation? Great, more loopholes for landlords to exploit while pretending to be fire safety champions!