High Rise Fire Sprinkler Incentive Act of 2025

This bill creates a tax incentive for retrofitting fire sprinkler systems in qualifying high-rise residential buildings. It directly affects building owners and developers who install sprinklers in structures over 75 feet tall (measured from fire department access) that were built before current standards. The key provision amends the tax code to classify these sprinkler retrofits as "15-Year property," allowing faster depreciation deductions. This change applies to systems meeting National Fire Protection Association 13 standards installed in existing residential buildings. The bill modifies tax treatment but does not require sprinkler installation.