Security Industry Association (SIA): Guide to New Tax Incentives for Security and Fire Protection Systems
Beginning in 2018, the new tax law allows many businesses to write off the full cost of systems as an expense for the tax year they were placed in service, eliminating the capitalization requirement.
The Security Industry Association has prepared the document for SIA members and the broader security industry in an effort to clarify how the Tax Cuts and Jobs Act provides financial incentives for businesses to invest in security and life safety systems.
- The Tax Cuts and Jobs Act (P.L. 115-97)
- Qualifying systems
- Commercial-use security, fire protection and alarm systems are capitalization and depreciation
- Section 179
- Bonus depreciation
Access the tax guide, consider becoming a SIA member today:
Chesapeake and Midlantic Marketing is a proud member of SIA