An Act providing for a tax credit for retrofitting residential high-rise structures with an automatic fire sprinkler system and associated monitoring or detection devices.

Summary

The bill lets owners of residential high‑rise buildings in Pennsylvania’s first‑class city claim a credit against their city income tax for the cost of adding automatic fire sprinkler systems and related monitoring devices. The credit can cover the full expense or up to the owner’s tax liability, whichever is lower, and is available for retrofits beginning in tax years after Dec. 31, 2026.

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