[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1035 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1035

 To amend the Internal Revenue Code of 1986 to include automated fire 
    sprinkler systems as section 179 property and classify certain 
 automated fire sprinkler systems as 15-year property for purposes of 
                             depreciation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 19, 2011

 Mr. Carper (for himself, Ms. Collins, and Mr. Lautenberg) introduced 
the following bill; which was read twice and referred to the Committee 
                               on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to include automated fire 
    sprinkler systems as section 179 property and classify certain 
 automated fire sprinkler systems as 15-year property for purposes of 
                             depreciation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fire Sprinkler Incentive Act of 
2011''.

SEC. 2. AUTOMATED FIRE SPRINKLER SYSTEMS TREATED AS SECTION 179 
              PROPERTY.

    (a) In General.--Section 179 of the Internal Revenue Code of 1986 
is amended by adding at the end the following new subsection:
    ``(g) Special Rules for Automated Fire Sprinkler Systems.--
            ``(1) In general.--If a taxpayer elects the application of 
        this subsection for any taxable year, the term `section 179 
        property' shall include any automated fire sprinkler system.
            ``(2) Automated fire sprinkler system.--For purposes of 
        this subsection, the term `automated fire sprinkler system' 
        means those sprinkler systems classified under one or more of 
        the following:
                    ``(A) National Fire Protection Association 13, 
                Installation of Sprinkler Systems.
                    ``(B) National Fire Protection Association 13 D, 
                Installation of Sprinkler Systems in One and Two Family 
                Dwellings and Manufactured Homes or International 
                Residential Code Section P2904, Dwelling Unit Fire 
                Sprinkler Systems.
                    ``(C) National Fire Protection Association 13 R, 
                Installation of Sprinkler Systems in Residential 
                Occupancies up to and Including Four Stories in 
                Height.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2010.

SEC. 3. CLASSIFICATION OF AUTOMATIC FIRE SPRINKLER SYSTEMS.

    (a) In General.--Subparagraph (E) of section 168(e)(3) of the 
Internal Revenue Code of 1986 is amended by striking ``and'' at the end 
of clause (viii), by striking the period at the end of clause (ix) and 
inserting ``, and'', and by adding at the end the following:
                            ``(x) any specified automated fire 
                        sprinkler system.''.
    (b) Applicable Depreciation Method.--Paragraph (3) of section 
168(b) of the Internal Revenue Code of 1986 is amended by adding at the 
end the following new subparagraph:
                    ``(J) Any specified automated fire sprinkler 
                system.''.
    (c) Alternative System.--The table contained in section 
168(g)(3)(B) of the Internal Revenue Code of 1986 is amended by 
inserting after the item relating to subparagraph (E)(ix) the 
following:

``(E)(x)....................................................      39''.
    (d) Definition of Automatic Fire Sprinkler System.--Subsection (i) 
of section 168 of the Internal Revenue Code of 1986 is amended by 
adding at the end the following new paragraph:
            ``(20) Specified automated fire sprinkler system.--For 
        purposes of this subsection, the term `specified automated fire 
        sprinkler system' means any automated sprinkler system (as 
        defined in section 179(g)(2)) which is installed in a building 
        where the floor of any occupiable story is greater than 75 feet 
        above the lowest level of fire department vehicle access.''.
    (e) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2010.
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