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Fire Sprinkler System Tax Incentive
Recent Bills/Fire Sprinkler System Tax Incentive

Fire Sprinkler System Tax Incentive

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Finance.
More:Recently Introduced BillsHousingSenate Bills
Why This Matters

This bill makes it easier for property owners to claim tax benefits for installing fire sprinkler systems in tall residential buildings. It encourages better fire safety in high-rise homes.

If you own or develop a tall residential building, you could save money on taxes by upgrading fire sprinkler systems.
Who this affects
Property owners · Developers of residential buildings
What changes is this bill making?
  1. 1This bill allows certain fire sprinkler system upgrades to be treated as 15-year property for tax purposes.
  2. 2It specifies that these upgrades must be installed in older residential buildings over 75 feet tall.
  3. 3The bill aims to encourage the installation of fire sprinkler systems in high-rise buildings.
  4. 4It updates the tax code to include these specific fire safety improvements.
  5. 5The changes take effect after the bill is signed into law.
Read the detailed summary

Miccosukee Reserved Area Amendments Act This bill expands the Miccosukee Reserved Area to include a portion of Everglades National Park in Florida that is known as Osceola Camp. The Department of the Interior, in consultation with the Miccosukee Tribe of Indians, must take appropriate actions to protect structures within the Osceola Camp from flooding.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 16, 2025

Read twice and referred to the Committee on Finance.

Sponsors
See all 4 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
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