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Tax incentives for fire sprinkler systems in high-rise residential buildings.

New regulations aim to encourage owners of high-rise residential buildings to install automatic fire sprinkler systems. This allows the costs of such installations to be deducted from taxes more quickly, potentially increasing resident safety.
Key points
Owners of residential buildings over 75 feet tall, built before the act's effective date, can deduct fire sprinkler installation costs from taxes more quickly.
The provisions apply to systems meeting fire safety standards, enhancing life and property protection in high-rise buildings.
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Status:
Expired
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Additional Information
High Rise Fire Sprinkler Incentive Act of 2021
Print number: S 3346
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2021-12-08
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Tax incentives for fire sprinkler systems in high-rise residential buildings.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 3346.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-12-08.

What are the main provisions?

Key points include:

  • Owners of residential buildings over 75 feet tall, built before the act's effective date, can deduct fire sprinkler installation costs from taxes more quickly.
  • The provisions apply to systems meeting fire safety standards, enhancing life and property protection in high-rise buildings.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Bennet, Michael F. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 3346

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Taxes Real Estate Security