High Rise Fire Sprinkler Incentive Act of 2021

Senate Bill 3346 - High Rise Fire Sprinkler Incentive Act of 2021: Overview, Status, and Impact

Hozzl · 2022-12-30T03:34:02Z

Explore the details of Senate Bill 3346 High Rise Fire Sprinkler Incentive Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2022, 3:34 AM

Congressional Summary of S 3346

High Rise Fire Sprinkler Incentive Act of 2021

This bill classifies any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation.

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Current Status of Bill S 3346

Bill S 3346 is currently in the status of Bill Introduced since December 8, 2021. Bill S 3346 was introduced during Congress 117 and was introduced to the Senate on December 8, 2021. Bill S 3346's most recent activity was Read twice and referred to the Committee on Finance. as of December 8, 2021

Bipartisan Support of Bill S 3346

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3346

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3346

High Rise Fire Sprinkler Incentive Act of 2021

A bill to amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation.