NFSA Guide, Fire Sprinkler Tax Incentives 2020
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As members of the fire service, you know which small businesses and commercial buildings need fire safety improvements in your community. There has never been a better time to retrofit or upgrade fire sprinkler systems in existing commercial structures thanks to significant tax incentives included in the Coronavirus Economic Stabilization Act (CESA) of 2020.
Building/business owners can now utilize changes made in recent federal tax reform bills to accelerate cost recovery for the installation, upgrade, or retrofit of fire sprinkler systems in their properties. This guide provides information your local businesses need about the tax incentives and the importance of protecting their buildings, along with data and tools to help you communicate with business owners and other stakeholders.