Retrofits

New laws mandate that many businesses must retrofit their existing buildings with sprinkler systems and the Tax Cuts and Jobs Act of 2017 helps business owners cover those costs with a tax incentive for those who upgrade existing systems. The Tax Cuts 7 Jobs Act allows business owners to write off the full cost of commercial fire sprinkler systems as an expense up to $1.04 million and fully deduct the interest expense of any associated loans.