Provides a tax credit for the installation of certain fire sprinkler systems

This bill creates a 25% tax credit for homeowners who install fire sprinkler systems in their residences. It directly affects residential property owners in municipalities that do not already require sprinkler systems. The credit covers 25% of labor and material costs, with a maximum annual credit of $5,000. The credit can be carried forward if it exceeds current tax liability but cannot reduce tax below the minimum amount required. The program begins for taxable years starting January 1, 2025.