What does Preamble of HR 173 do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment concerns the classification of certain automatic fire sprinkler system retrofits. These retrofits would be classified as 15-year property for depreciation purposes.

What does SHORT TITLE. of HR 173 do?

This bill is formally titled the High Rise Fire Sprinkler Incentive Act of 2025.

What does CLASSIFICATION OF CERTAIN AUTOMATIC FIRE SPRINKLER SYSTEM of HR 173 do?

This section amends the Internal Revenue Code of 1986 to provide tax treatment for automatic fire sprinkler system retrofits. It classifies these retrofits as 15-year property for depreciation purposes. The amendments apply to sprinkler systems meeting NFPA 13 standards installed in residential property. The systems must be installed in buildings with occupiable floors more than 75 feet above the lowest level of fire department vehicle access, and which were placed in service before the installation. The changes are effective after the date of enactment of this Act.

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High Rise Fire Sprinkler Incentive Act of 2025 — HR. 173

Last updated: 1/3/2025 · Introduced: 1/3/2025

Author: Nicole Malliotakis (R-NY)

TL;DR (AI)

This bill classifies automatic fire sprinkler system retrofits in high-rise residential buildings (over 75 feet tall and built before the retrofit) as 15-year property for depreciation purposes.
The tax treatment applies to sprinkler systems meeting NFPA 13 standards.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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