Legislative Activity

The "High Rise Fire Sprinkler Incentive Act of 2025" incentivizes the installation of automatic fire sprinkler systems in high-rise residential buildings by classifying these retrofits as 15-year property for depreciation purposes under the Internal Revenue Code. This classification allows for an accelerated depreciation method, providing a tax benefit for property owners who invest in these life-saving systems. The bill defines specific criteria for qualifying sprinkler systems, ensuring they meet established safety standards and are installed in buildings that pose unique challenges for fire safety. These buildings must have been in service before the installation date and have an occupiable floor more than 75 feet above the lowest level of fire department vehicle access.

The Prevent Family Fire Act of 2025 introduces a tax credit for manufacturers, set at 10% of revenue (up to $400), from the sale of safe firearm storage devices, excluding those integrated into firearms or subject to recall. This credit, effective for sales until 2032, aims to encourage responsible gun storage by offsetting the cost of devices secured by combination, key, or biometric locks. The Treasury Secretary will oversee credit recapture and report annually on credit claims by state. This credit can be applied against regular income tax as well as alternative minimum tax.

The "No Bailout for Sanctuary Cities Act" aims to withhold certain federal funds from state and local governments deemed "sanctuary jurisdictions" that obstruct the sharing of immigration status information or compliance with detainment requests from Homeland Security. These jurisdictions would be ineligible for federal funds intended to benefit individuals in the U.S. without legal immigration status. The Department of Homeland Security is required to report annually to the House and Senate Judiciary Committees on non-compliant states and local governments.