,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #agc  ,,in ,,the ,,house ,,of   
,,representatives  ,january #c1         
#bjbe,ms4 ,malliotakis 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 #bjbe4  #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 7vi71 by striking the period at  
the end of clause 7vii7 and inserting 1 
and1 and by adding at the end the       
following3  7viii7 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,e77vii7 the  
following3 7,e77viii7#ci 4  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  7,b7 is installed for use  
in residential property1 and  7,c7 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