The High Rise Fire Sprinkler Incentive Act of 2025 provides a tax break for building owners who install or upgrade automatic fire sprinkler systems in tall residential buildings. Specifically, the bill allows these sprinkler system retrofits to be classified as 15-year property for tax depreciation purposes, meaning owners can deduct the cost of installation more quickly than under current tax rules. The bill applies to buildings that are at least 75 feet tall (roughly 7-8 stories) and were built before the law takes effect, and the sprinkler systems must meet fire safety standards set by the National Fire Protection Association. By reducing the depreciation timeline from the current 39 years to 15 years, the legislation aims to encourage building owners to upgrade fire safety systems by making the investment more financially attractive. The tax incentive takes effect immediately upon enactment of the bill.
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