New Tax Reform Allows Full Price Deductions for Fire, Alarm and Security Systems


Silver Spring, Md.—On Dec. 22, President Donald Trump signed into law H.R. 1, the Tax Cuts and Jobs Act, P.L. 115-97, which implements tax reform to lower the after-tax cost of security and fire protection systems for small- and medium-sized businesses.

The Security Industry Association (SIA) led a coalition of industry groups urging negotiators to accept a Senate-backed provision for tax reform to expand deductions under Section 179 of the IRS tax code, which empowers businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. The revised tax code permanently expands eligibility for deductions to fire protection, alarm, and security systems, along with other equipment, placed in service in 2018 and beyond.

“Since 2003, SIA has advocated in favor of federal tax code changes allowing businesses to fully expense the cost of implementing safety and security measures during the year in which they incur those costs,” said SIA CEO Don Erickson. “Our efforts finally have culminated in these tax code revisions, which eliminate a significant disincentive to adopting new and effective security and life safety technology, particularly at a time of rapid advancement for security tech. SIA is pleased the White House and Congress saw the importance of making it more affordable for businesses to best ensure the safety of their patrons and employees.”

Americom works with exclusive industry leading partners to provide complete Closed-Circuit Television (CCTV) and Access Control Systems for business applications. Our security experts will guide you through the various systems that are available through our professional Access Control & CCTV partners and will help you decide which system is best for your facility.

Call or visit us online today and find out why Americom is the right choice for your facility security system. 801-892-0500

2018-05-21T14:40:05+00:00 February 5th, 2018|Security, Structured Cabling, Wireless Services | Americom|