,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dfhe  ,,in ,,the ,,house ,,of  
,,representatives  ,october #ae1        
#bjai,mr4 ,pascrell 7for himself and    
,mr4 ,king of ,new ,york7 introduced the
 following bill2 which was referred to  
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to classify certain     
automatic fire sprinkler system         
retrofits as #ae-year property for      
purposes of depreciation4  #a4 ,short   
title ,this ,act may be cited as the    
,high ,rise ,fire ,sprinkler ,incentive 
,act of #bjai4  #b4 ,classification of  
certain automatic fire sprinkler system 
retrofits  7a7 ,treatment as #ae-,year  
property ,section #afh7;e77#c77;,e7 of  
the ,internal ,revenue ,code of #aihf is
 amended by striking and at the end of  
clause 7v71 by striking the period at   
the end of clause 7vi7 and inserting 1  
and1 and by adding at the end the       
following3  7vii7 any automatic fire    
sprinkler system retrofit property4  4  

7b7 ,applicable depreciation method     
,section #afh7;b77#c7 of such ,code is  
amended by adding at the end the        
following new subparagraph3  7,h7 ,any  
automatic fire sprinkler system retrofit
 property4  4  7c7 ,alternative system  
,the table contained in section         
#afh7;g77#c77;,b7 of such ,code is      
amended by inserting after the item     
relating to subparagraph 7,e77vi7 the   
following3  7,e77vii7#ci  7d7           
,definition of automatic fire sprinkler 
system retrofit property ,section       
#afh7;i7 of such ,code is amended by    
adding at the end the following new     
paragraph3  7#bj7 ,automatic fire       
sprinkler system retrofit property ,the 
term automatic fire sprinkler system    
retrofit property means any sprinkler   
system which--  7,a7 meets the standards
 of ,national ,fire ,protection         
,association #ac 7or any successor      
benchmark71 and  7,b7 is installed in a 
building which--  7i7 was placed in     
service before the date of such         

installation1 and  7ii7 has an          
occupiable floor more than #ge feet     
above the lowest level of fire          
department vehicle access4  4  7e7      
,effective date ,the amendments made by 
this section shall apply after the date 
of enactment of this ,act4