High Rise Fire Sprinkler Incentive Act of 2025

This bill creates a tax incentive for upgrading fire sprinkler systems in existing high-rise residential buildings. It amends the tax code to treat qualifying sprinkler retrofits as 15-year property, allowing building owners to deduct costs faster through accelerated depreciation. The incentive applies only to retrofits meeting NFPA 13 standards in buildings with occupiable floors over 75 feet above fire department access, installed in residential properties placed in service before the retrofit. This directly affects owners of qualifying older high-rise buildings seeking to modernize fire safety systems.