Under the current legislation, automatic sprinklers could be treated as Section 179 property
under the tax code.
It is important to note, the $250,000 amount provided under the new law is reduced if the cost of all section 179 property
purchased and placed in service by the business during the tax year exceeds $800,000.
This limit is reduced by the amount by which the cost of Section 179 property
placed in service in the tax year exceeds $800,000.
Under the 2008 Economic Stimulus Act, a qualifying business can expense up to $250,000 of section 179 property
purchased by the taxpayer in a tax year beginning in 2008.
Businesses adding more than $200,000 of IRC section 179 property
during the year must reduce the maximum election dollar for dollar above $200,000.