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; or (5) an item which, pursuant to regulations, the Secretary of the Treasury specifies as increasing a building's fire safety.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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