Qualified Improvement Property (QIP) Fix: (Coronavirus Aid, Relief, and Economic Security (CARES) Act)
The legislation makes changes to the definition of qualified improvement property (QIP) that may allow this tax benefit to be used for fire sprinkler retrofits.
Public Housing Fire Safety Act
The legislation creates a grant program for public housing agencies to install automatic sprinkler systems in certain public housing projects.
Tax Cuts and Jobs Act
This major tax reform legislation includes Section 179 tax benefits affecting fire sprinkler installation.
High-Rise Fire Sprinkler Incentive Act
The legislation amends the tax code to incentivize building owners to retrofit high-rise residential buildings with fire sprinkler systems.
