Tax Changes Boost Incentives for Fire Sprinklers

While both sides of the aisle may argue the merits – or the perils – of the recent tax changes just passed by Congress and signed into law by President Donald Trump on December 22, 2017, there is new benefit to business owners contemplating fire sprinkler retrofits. Within HR 1, Subtitle C, Small Business Reforms:

  • Fire sprinkler retrofits can be written off as a Section 179 expense

Simply put, this investment in protection of the lives and property of the business can be taken as an expense, versus being subject to capitalization and depreciation.

It’s arguably a great time to discuss this with your tax professional, then get on the phone and locate a local fire protection contractor to help take advantage of the tax benefits while enchanting the life safety features of your property.

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