This bill proposes to amend the Internal Revenue Code of 1986 to provide a tax incentive for the installation of automatic fire sprinkler systems. It reclassifies "automatic fire sprinkler system retrofit property" as 15-year property for depreciation purposes, allowing for faster cost recovery. This provision applies to sprinkler systems that meet National Fire Protection Association 13 standards and are installed in existing residential high-rise buildings . Specifically, the building must have been placed in service before the sprinkler installation and feature an occupiable floor more than 75 feet above the lowest level of fire department vehicle access. By accelerating depreciation, the bill aims to encourage property owners to enhance fire safety in older, taller residential structures.