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Congressional Fire Services Institute

Tax Cuts and Jobs Act

Summary:
This major tax reform legislation includes Section 179 tax benefits affecting fire sprinkler installation.
Background:
  • Section 179 of the U.S. Internal Revenue Code allows small businesses to write off the full cost of commercial fire sprinkler systems as an expense up to $1.04 million.
  • This benefit enables many small businesses to immediately recover the costs of the upfront investment.
  • The new Section 179 deduction applies to upgrading existing systems or retrofitting systems in existing commercial (not residential) structures.
  • This legislation was the culmination of a 15-year fight to class fire sprinklers as Section 179 property through work on the Fire Sprinkler Incentive Act.
Status:
The bill became P.L.115-97.

Senator Paul S. Sarbanes Fire Service Safety Leadership Award Nomination Form

Submission Deadline: October 30, 2024
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Mason Lankford Fire Service Leadership Award Nomination Form

Submission Deadline: October 30, 2024
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Name of Candidate for Award(Required)
Please upload a formal nomination letter not exceeding 1,000 words and letters of support. Microsoft Word Documents, PDF, JPG and PNG files only. Large documents should be emailed to [email protected] with "Mason: Your Candidate's Name" in the subject line.
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    Dr. Anne W. Phillips Award for Leadership in Fire Safety Education Nomination Form

    Submission Deadline: October 30, 2024

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    CFSI/Masimo Excellence in Fire Service-Based EMS Award Program Nomination Form

    Submission Deadline: October 30, 2024
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