MCAA and local MCA affiliates have been meeting with U.S. representatives about a bill they are sponsoring that would provide a tax benefit to building owners who equip their property with new or retrofitted fire sprinkler systems.

MCAA and local MCA affiliates have been meeting with U.S. Reps. Curt Weldon (R-PA) and James Langevin (D-RI) and their staffs about a bill they are sponsoring, H.R.1824, which would provide a substantial tax benefit to building owners who equip their property with new or retrofitted fire sprinkler systems. The bill, which now has 48 co-sponsors, amends the Internal Revenue Code to accelerate the depreciation schedule for fire sprinkler systems from 39 years to five years. The bill has been referred to the House Ways and Means Committee.