U.S. Congress - H.R.3632 Secure America's Homes and Businesses Act of 2005
H.R.3632 - Secure America's Homes and Businesses Act of 2005
To amend the Internal Revenue Code of 1986 to allow a deduction for expenses related to the purchase and installation of qualifying electronic premise security systems. view all titles (2)
All Bill Titles
- Short: Secure America's Homes and Businesses Act of 2005 as introduced.
- Official: To amend the Internal Revenue Code of 1986 to allow a deduction for expenses related to the purchase and installation of qualifying electronic premise security systems. as introduced.
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Official Summary
7/29/2005--Introduced.Secure America's Homes and Businesses Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction for the cost of purchasing and installing a qualifying electronic premise security system in a residence or business. Defines "qualifying electrOfficial Summary
7/29/2005--Introduced.
Secure America's Homes and Businesses Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction for the cost of purchasing and installing a qualifying electronic premise security system in a residence or business. Defines "qualifying electronic premise security system" to include:
(1) electronic fire or life safety devices, intrusion detection alarms, and other buglar alarms;
(2) video surveillance cameras;
(3) access controls, including biometric controls and automated fingerprint identification systems; and
(4) equipment incidental or necessary to the installation or operation of such security systems. Limits the amount of such deduction to $5,000 for residential and $50,000 for commercial security systems.
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