H.R. 8135House118th Congress (2023-2025)In Committee

High Rise Fire Sprinkler Incentive Act of 2024

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Updated January 20, 2026 at 4:10 PM UTC

The High Rise Fire Sprinkler Incentive Act of 2024 changes the tax code so that automatic fire sprinkler system retrofits in certain residential high‑rise buildings are treated as 15‑year property for depreciation. This lets owners of those buildings write off the cost of installing the retrofits over a 15‑year period, encouraging the upgrades. The rule applies to retrofits installed in buildings that were already in service and have occupied floors more than 75 feet above the lowest fire‑engine access point. It affects owners and taxpayers who install qualifying sprinkler systems in such residential properties.

Key Provisions

Amends the Internal Revenue Code to classify automatic fire sprinkler system retrofit property as 15‑year property for depreciation purposes.
Adds a new subparagraph to the depreciation method list to include these retrofits.
Updates the depreciation recovery period table to reflect the new classification.
Defines “automatic fire sprinkler system retrofit property” as a sprinkler system meeting NFPA 13 (or successor) standards, installed in residential property in a building placed in service before installation, with an occupiable floor over 75 feet above the lowest fire‑department vehicle access point.
Specifies that the changes take effect immediately upon enactment of the Act.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

April 26, 2024

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HouseIntro Referral

Introduced in House

April 26, 2024

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

April 26, 2024

Bill Text

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Introduced in HouseIssued April 26, 2024

118th CONGRESS

2d Session

H. R. 8135

IN THE HOUSE OF REPRESENTATIVES

April 26, 2024

Mr. Pascrell (for himself and Ms. Malliotakis) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation.

Short title

This Act may be cited as the High Rise Fire Sprinkler Incentive Act of 2024.

Classification of certain automatic fire sprinkler system retrofits

(a)

Treatment as 15-Year property

Section 168(e)(3)(E) of the Internal Revenue Code of 1986 is amended by striking and at the end of clause (vi), by striking the period at the end of clause (vii) and inserting , and, and by adding at the end the following:

(viii)

any automatic fire sprinkler system retrofit property.

(b)

Applicable depreciation method

Section 168(b)(3) of such Code is amended by adding at the end the following new subparagraph:

(H)

Any automatic fire sprinkler system retrofit property.

(c)

Alternative system

The table contained in section 168(g)(3)(B) of such Code is amended by inserting after the item relating to subparagraph (E)(vii) the following:

(E)(viii)

(d)

Definition of automatic fire sprinkler system retrofit property

Section 168(i) of such Code is amended by adding at the end the following new paragraph:

(20)

Automatic fire sprinkler system retrofit property

The term automatic fire sprinkler system retrofit property means any sprinkler system which—

(A)

meets the standards of National Fire Protection Association 13 (or any successor benchmark),

(B)

is installed for use in residential property, and

(C)

is installed in a building which—

(i)

was placed in service before the date of such installation, and

(ii)

has an occupiable floor more than 75 feet above the lowest level of fire department vehicle access.

(e)

Effective date

The amendments made by this section shall apply after the date of enactment of this Act.