A bill to amend the Internal Revenue Code of 1954 to provide an additional investment tax credit for fire prevention equipment.

Summary

Amends the Internal Revenue Code to qualify fire prevention property for the investment tax credit. Defines "fire prevention property" as depreciable property with a useful life of three years or more which is: (1) an automatic sprinkler system; (2) an early fire detection system; (3) a fire extinguisher; (4) a fire-rated door or wall; (5) a nonflammable sleep product; or (6) an item which, pursuant to regulations, the Secretary of the Treasury specifies as increasing a building's fire safety.

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Timeline

1. 12 November 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 12 November 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 November 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 12 November 1981

  Open at official source

Sponsors

• Rep. Railsback, Thomas F. [R-IL-19] · R · Sponsor
• Rep. Foglietta, Thomas M. [D-PA-1] · D · Sponsor
• Rep. Murphy, Austin J. [D-PA-20] · D · Sponsor
• Rep. LeBoutillier, John [R-NY-6] · R · Sponsor
• Rep. Mitchell, Parren J. [D-MD-7] · D · Sponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Sponsor
• Rep. Roe, Robert A. [D-NJ-8] · D · Sponsor
• Rep. Walgren, Doug [D-PA-18] · D · Sponsor
• Rep. Bingham, Jonathan B. [D-NY-22] · D · Sponsor
• Rep. Molinari, Guy [R-NY-14] · R · Sponsor
• Rep. Collins, Cardiss [D-IL-7] · D · Sponsor
• Rep. Forsythe, Edwin B. [R-NJ-6] · R · Sponsor
• · hswm00 · Standing

Related records

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