The Mechanical Contractors Association of America and local affiliates have been meeting with sponsors of a federal bill on fire-sprinkler systems, H.R. 1824, which would provide a substantial tax benefit to building owners who equip their property with new or retrofitted fire-sprinkler systems. Rep. Curt Weldon, R-Pa., and Rep. James Langevin, D-R.I., are sponsoring the bill. If enacted, it would accelerate the depreciation schedule of such systems from 38 years to five years. The bill has 48 co-sponsors and has been referred to the House Ways and Means Committee.
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Retiring Ferguson CEO Frank Roach and his successor Kevin Murphy talk about the seamless leadership transition, the company’s future and views on the current marketplace. Read more stories in 2017 May Issue.