MCAA Backs Bill Giving Tax Break for Fire Sprinklers


         Subscribe in NewsGator Online   Subscribe in Bloglines

ROCKVILLE, MD. — Mechanical Contractors Association of America and local MCA affiliates have been meeting with the staffs of U.S. Reps. Curt Weldon, R-Pa., and James Langevin, D-R.I., about their bill, H.R. 1824, which would provide a substantial tax benefit to building owners who equip their property with new or retrofitted fire sprinkler systems.

MCAA also is working in a broader coalition with the National Fire Sprinkler Association and other groups to broaden congressional support for the economic stimulus and public safety aspects of the measure.

The bill, which now has 48 co-sponsors, amends the Internal Revenue Code to accelerate the depreciation schedule for fire sprinkler systems from 39 years to five years. The bill has been referred to the House Ways and Means Committee.

If the legislation is enacted, a sprinkler system costing $250,000, for example, would be depreciated at $110,000 the first year, with the balance deducted over the next five years. This compares favorably to the existing system, which only allows depreciation of the system at $3,205 the first year; the balance would not fully depreciate for 39 years.

U.S. Rep. Phil English, R-Pa., a member of the Ways and Means Committee, has supported a request to the Joint Committee on Taxation to have the bill “scored,” that is, assess what it would cost.

Another Ways and Means Committee member, U.S. Rep. Stephanie Tubbs-Jones, D-Ohio, has introduced a narrower federal grant measure providing grants to educational institutions to install sprinkler systems in student housing structures (H.R. 1613, the College Fire Prevention Act). It would provide up to $100 million per year from 2004 to 2008 in Education Department grants to colleges on the basis of need. The bill has 49 co-sponsors and is before the House Education and Workforce Committee.

Want to use this article? Click here for options!
© 2008 Penton Media Inc.

This Month's Products

Products

THE ODW SERIES OF TANKLESS WATER HEATERS

has four models ranging from 99,000 to 199,000 Btuh. Utilizing dual S-line heat exchangers, the series offers energy factors above 0.9...


THIS NEW CONTROLLER/MONITOR

is integrated with the company's EnerWorks residential solar water heating appliance. It directs and monitors the appliance, ensuring optimized performance...

THE 4" VICTORIAN 45-JET SHOWERHEAD

features a traditional style, and is available with chrome, brushed nickel, antique copper, distressed nickel and oil rub bronze finishes...

THE AQUAPEX TUBING EXPANSION JOINT KIT

eliminates the added labor and expense of building an expansion joint from scratch to accommodate expansion and contraction in long tubing runs. The kit includes a 2", pre-formed expansion loop...

More Green Products

More Products

Website Directory Showcase

Contractor Opinion Poll

Industry Resources

  • Aug 2008 cover
  • July 2008 cover
  • June 2008 cover
  • May 2008 cover
  • April 2008 cover
  • March 2008 cover
  • Feb 2008 cover

Browse Back Issues