,,ii  #aacth ,,congress  #ast ,session  
,s4 #aafc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #ac1     
#bjac ,mr4 ,carper 7for himself and ,ms4
 ,collins7 introduced the following     
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to include automated fire     
sprinkler system retrofits as section   
#agi property and classify certain      
automated fire sprinkler system         
retrofits as #ae-year property for      
purposes of depreciation4  #a4 ,short   
title ,this ,act may be cited as the    
,fire ,sprinkler ,incentive ,act4  #b4  
,automated fire sprinkler system        
retrofits treated as section #agi       
property  7a7 ,in general ,subparagraph 
7,b7 of section #agi7;d77#a7 of the     
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7,b7 which 
is--  7i7 automated fire sprinkler      
system retrofit property 7as defined in 
section #afh7;i77#bj7 determined without

 regard to subparagraph 7,a77ii7        
thereof71 or  7ii7 section #abde        
property 7as defined in section         
#abde7;a77#c771 and  4  7b7 ,effective  
date ,the amendments made by this       
section shall apply to property placed  
in service after the date of the        
enactment of this ,act4  #c4            
,classification of certain automated    
fire sprinkler system retrofits  7a7    
,treatment as #ae-,year property        
,subparagraph 7,e7 of section           
#afh7;e77#c7 of the ,internal ,revenue  
,code of #aihf is amended by striking   
and at the end of clause 7viii71 by     
striking the period at the end of clause
 7ix7 and inserting 1 and 1 and by      
adding at the end the following3  7x7   
any automated fire sprinkler system     
retrofit property4  4  7b7 ,applicable  
depreciation method ,paragraph 7#c7 of  
section #afh7;b7 of the ,internal       
,revenue ,code of #aihf is amended by   
adding at the end the following new     
subparagraph3  7,j7 ,any automated fire 

sprinkler system retrofit property4  4  
7c7 ,alternative system ,the table      
contained in section #afh7;g77#c77;,b7  
of the ,internal ,revenue ,code of #aihf
 is amended by inserting after the item 
relating to subparagraph 7,e77ix7 the   
following3  7,e77x7#ci  4  7d7          
,definition of automated fire sprinkler 
system retrofit property ,subsection 7i7
 of section #afh of the ,internal       
,revenue ,code of #aihf is amended by   
adding at the end the following new     
paragraph3  7#bj7 ,automated fire       
sprinkler system retrofit property ,the 
term automated fire sprinkler system    
retrofit property means any property    
which comprises a sprinkler system      
which--  7,a7 is installed in a building
 or structure which--  7i7 was placed in
 service before the date on which such  
sprinkler system is placed in service1  
and  7ii7 has an occupiable story the   
floor of which is more than #ge feet    
above the lowest level of fire          
department vehicle access1 and  7,b7 is 

classified under one or more of the     
following3  7i7 ,national ,fire         
,protection ,association #ac1           
,installation of ,sprinkler ,systems4   
7ii7 ,national ,fire ,protection        
,association #ac ,d1 ,installation of   
,sprinkler ,systems in ,one and ,two    
,family ,dwellings and ,manufactured    
,homes or ,international ,residential   
,code ,section ,p#bijd1 ,dwelling ,unit 
,fire ,sprinkler ,systems4  7iii7       
,national ,fire ,protection ,association
 #ac ,r1 ,installation of ,sprinkler    
,systems in ,residential ,occupancies up
 to and ,including ,four ,stories in    
,height4  4  7e7 ,effective date ,the   
amendments made by this section shall   
apply to property placed in service     
after the date of the enactment of this 
,act4