Important Security Industry Legislation
October 09, 2001
The United States Congress is considering a bill that would allow business owners to expense 100 percent of the cost of purchase and installation of security, fire and life safety equipment. Please visit the following location to learn more about this important issue. http://www.securitygateway.com/page.asp?c=gov_alert_010926
The following letter is provided courtesy of Neil Ivey, Director of Industry Groups and Government Affairs, Security Industry Association.
All Industry Members:
After two years of effort and progress on Capitol Hill to assist businesses in realizing the benefits of security and life safety systems, the Security Industry Association (SIA) is pleased to announce that on September 25, 2001, Rep. Jerry Weller (R-IL) and co-sponsor Joseph Crowley (D-NY) introduced H.R. 2970, the Securing America Investment Act of 2001. H.R. 2970 is a tax credit bill that amends the Internal Revenue Code of 1986 to allow businesses to expense the purchase of equipment that will secure their facilities and protect their employees' and customers' safety.
Simply put, this will provide an economic incentive to business owners, in the form of a tax break allowing them to deduct up to 100% of their purchase, to equip their establishments with security, fire, and life safety systems. We need you and all industry members to contact your U.S. Representative to urge them to support and cosponsor this bill. Please take a few minutes to assist us in passing this bill that will benefit our entire industry.
Remember, even one constituent fax, letter or phone call can sway an undecided Representative's vote. Please forward this to colleagues and customers and take part in this important process. We request that industry professionals and users copy SIA on their correspondence to Representatives, to help us when we talk to Congressional offices. Regards, Neil Neil Ivey Director of Industry Groups and Government Affairs Security Industry Association