Bill · H.R. 173· House(119-HR-173)

High Rise Fire Sprinkler Incentive Act of 2025

Age: 46 years

New York

Introduced: 1/3/2025
Last activity: 1/3/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Nicole Malliotakis
Cosponsors: - 2 - 6

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "High Rise Fire Sprinkler Incentive Act of 2025," aims to change how certain fire safety equipment is treated for tax purposes. It proposes amending the Internal Revenue Code of 1986 to classify specific automatic fire sprinkler system retrofits as 15-year property for depreciation. This classification applies to sprinkler systems installed in residential buildings that have floors more than 75 feet above fire department vehicle access. The systems must also meet National Fire Protection Association 13 standards. These changes would take effect after the Act is enacted.

Yes· 3 of 4

Would business owners be better off under this?+3
The bill provides depreciation incentives that benefit property owners and developers.
Would people in cities be better off under this?+3
The bill specifically benefits residents of high-rise buildings, often found in urban areas.
Does this give people more protection from unfair business practices?+3
The tax incentive encourages safety upgrades that protect residents in high-rise buildings.