An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in Water Assistance Program, providing for retrofitting residential high-rise buildings with automatic fire sprinkler systems.

HB 1668 allows first-class cities in Pennsylvania to create property tax incentives for owners of residential high-rise buildings to install automatic fire sprinkler systems and monitoring devices. It directly affects building owners in cities like Philadelphia by offering tax abatements or relief programs to encourage these safety upgrades. The bill amends the Fiscal Code to authorize this approach, focusing on concrete policy changes without mandating specific actions.