arrow_back Back to App

Tax Incentives for Fire Sprinklers in High-Rise Residential Buildings.

This new law aims to encourage owners of tall residential buildings to install automatic fire sprinkler systems. This means the costs of such installations can be deducted from taxes more quickly, potentially increasing the safety of residents and their property.
Key points
Owners of residential buildings over 75 feet tall, built before the law's enactment, can deduct the costs of fire sprinkler system installations from taxes more quickly.
This change aims to improve fire safety in older, high-rise residential buildings, potentially protecting residents' lives and health.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_504
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2025-02-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

High Rise Fire Sprinkler Incentive Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_504.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-10.

What are the main provisions?

Key points include:

  • Owners of residential buildings over 75 feet tall, built before the law's enactment, can deduct the costs of fire sprinkler system installations from taxes more quickly.
  • This change aims to improve fire safety in older, high-rise residential buildings, potentially protecting residents' lives and health.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Taxes Real Estate Security