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New Incentives for Fire Sprinkler Systems and Retrofits

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January 26, 2018
In December, Congress passed legislation that will incentivize the installation of fire sprinkers.  First, any new sprinkler system installed after September 27, 2017, in either a residential or commercial structure, will be able to be fully expensed.  Second, Congress has added fire protection as an eligible expenditure under section 179 of the Tax Code and increased the cap to $1 million as the amount that a single business can deduct in a single year.  To learn more, click on this link.