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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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/29/05
 
 
 
 
 
 
 

Official Summary

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\"

Official Summary

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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