Bill > HB1561

This bill establishes a tax credit program for owners of residential high-rise structures in first-class cities (which in Pennsylvania typically means Philadelphia) to encourage fire safety upgrades. Starting in tax years after December 31, 2025, property owners can receive a tax credit for installing or improving automatic fire sprinkler systems and associated monitoring or detection devices. The tax credit will be equal to the amount spent on these fire safety improvements, but cannot exceed 100% of the owner's income tax liability. Property owners must apply through the city mayor's office, which will create application guidelines and define what qualifies as a residential high-rise structure. The tax credit is specifically limited to high-rise structures located within a first-class city, and the act will go into effect 60 days after passage. The goal of this legislation is to incentivize building owners to retrofit older buildings with modern fire safety equipment, potentially reducing fire risks and protecting residents in high-rise residential buildings.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1561