Senate Bill 1299 Printer's Number 1985

PENNSYLVANIA, September 29 - (a) shall be for investment in retrofitting residential high-

rise structures with an automatic fire sprinkler system and

associated monitoring or detection devices.

subsection (a) shall equal the amount expended by the owner of

the residential high-rise structure to install or improve an

existing automatic fire sprinkler system and associated

monitoring or detection devices or 100% of the owner's income

tax liability, whichever is less.

(d) Administration.--

(1) The application for a tax credit awarded under

subsection (a) shall be on a form and submitted in a manner

as determined by the Office of the Mayor of the city of the

first class OR CITY OF THE SECOND CLASS in which the

residential high-rise structure is located.

(2) The Office of the Mayor of the city of the first

class OR CITY OF THE SECOND CLASS shall adopt guidelines,

including forms, necessary to administer this act. The Office

of the Mayor may require proof of the claim for tax credit.

(3) The Office of the Mayor of the city of the first

class OR CITY OF THE SECOND CLASS shall define what

constitutes a residential high-rise structure.

(e) Applicability.--The tax credit awarded under subsection

(a) may only apply to a residential high-rise structure located

within a city of the first class OR CITY OF THE SECOND CLASS.

Section 3. Effective date.

This act shall take effect in 60 days.

20260SB1299PN1985 - 2 -

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