The main purpose of this legislation, known as the High Rise Fire Sprinkler Incentive Act of 2025, is to encourage the installation of automatic fire sprinkler systems in high-rise buildings. By classifying these retrofits as 15-year property for tax depreciation purposes, the law aims to make it financially easier for property owners to upgrade their fire safety measures. Key provisions of the law include the classification of automatic fire sprinkler system retrofits as 15-year property, which allows property owners to depreciate the cost of these systems over a period of 15 years.