depreciation

SIA-Led Coalition Urges Congress To Include Business Expensing Reforms In Tax Overhaul

The Security Industry Association (SIA) recently led a group of eight industry associations in urging the House and Senate tax writing committees to strengthen business expensing provisions in the final version of tax overhaul legislation under consideration in Congress. Under current IRS regulations, customers must capitalize the cost of security and life safety systems over the 39-year depreciation life for buildings.