U.S. Government Incentivizes Security and Fire Protection Purchases

In 2018, the U.S. tax code is providing incentives for companies to invest in new security, fire alarm, and fire protection systems. Typically, these investments would be considered capital investments and businesses would be required to depreciate them over multiple years. The recovery period can range from 5, 7, 15 or 39 years.

The new tax law allows many businesses to write off the full cost of such systems as an expense for the tax year that they are placed in service. Under Section 179, qualifying businesses can now deduct the costs, up to a total of $1 million!

The Security Industry Association (SIA) reports that the following systems are now qualified:

Fire Protection and Fire Alarm Systems, including sensing devices, computer controls, sprinkler heads, sprinkler mains, associated piping or plumbing, pumps, visual and audible alarms, alarm control panels, heat and smoke detection devices, fire escapes, fire doors, emergency exit lighting and signage, and fire-fighting equipment, such as extinguishers and hoses.

Security Systems for the protection of the building and its occupants, including window and door locks, security cameras, recorders, monitors, motion detectors, security lighting, alarm systems, entry and access systems, related junction boxes, and associated wiring and conduit.

Please share the attached SIA bulletin with your financial and/or tax advisor so that your company is prepared to take full advantage of the benefits.

New Tax Incentives fact sheet

 

Gloria Lubben, CPP
Executive Vice President

Gloria joined with Pat Van Haren in 1993 to found SecurAlarm and help forge its vision. Gloria is passionate about working where what we do to enhance security on behalf of our clients matters. As a graduate of Calvin College, she takes her alma mater’s slogan of service personally: “My heart I offer to you Lord, promptly and sincerely.” Gloria has been active in the industry since 1983 as a consultant and trusted advisor to clients, as a teacher and mentor of teammates, as a respected competitor of industry related peers, and since 1993 as a Certified Protection Professional. Today, Gloria focuses on New Business Development opportunities by leveraging her years of experience and bringing the unique SecurAlarm message and methods to bear on the business challenges of some of the region’s largest companies. Gloria and her family enjoy the great outdoors: fishing, hunting, camping, and exploring different parts of the country!

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