Federal tax reform legislation in 2018 — the Tax Cuts and Jobs Act — includes incentives that make it more affordable for small business owners to install fire sprinklers. Fire sprinkler systems are the only tool that can reduce the spread of fire, heat and smoke in a building and contain the fire until the fire department arrives. This provides valuable time for employees and customers to escape a fire.
Small businesses can now deduct the expense of installing a fire sprinkler system on their federal taxes. Under Section 179 of the tax code, fire sprinkler installation can be expensed up to $1 million for each year of the expense. This incentive makes it possible for restaurants, retail outlets, night clubs and other small businesses to install, retrofit or upgrade their current fire suppression systems. Also, small businesses can deduct the interest from any loan they receive for this type of renovation.
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