Provides a tax credit for the installation of certain fire sprinkler systems

This bill provides a 25% tax credit for residential property owners in New York who install fire sprinkler systems. It directly affects homeowners in municipalities that do not currently require sprinklers as a condition of building or renovation. The credit covers 25% of labor and materials costs, with a maximum annual limit of $5,000 per property. The credit applies to taxable years beginning January 1, 2025, and can be carried forward if it exceeds the taxpayer's annual tax liability. It does not apply to properties in areas already mandating sprinkler systems.