The Internal Revenue Code has three disability-related provisions of particular interest to businesses as well as people with disabilities.
* Disabled Access Tax Credit
* Tax Deduction To Remove Architectural And Transportation Barriers
* Targeted Jobs Tax Credit
Disabled Access Tax Credit (Title 26, Internal Revenue Code, Section 44)
This new tax credit is available to "eligible small businesses" in the amount of 50 percent of "eligible access expenditures" that exceed $250 but do not exceed $10,250 for a taxable year. A business may take the credit each year that it makes an eligible access expenditure.
Eligible small businesses are those businesses with either:
* $1 million or less in gross receipts for the preceding tax year
* 30 or fewer full-time employees during the preceding tax year
Eligible access expenditures are amounts paid or incurred by an eligible small business for the purpose of enabling the business to comply with the applicable requirements of the Americans with Disabilities Act (ADA).
These include amounts paid or incurred to:
* remove architectural, communication, physical, or transportation carriers that prevent a business from being accessible to, or usable by, individuals with disabilities
* provide qualified readers, taped texts, and other effective methods of making materials accessible to people with visual impairments
* provide qualified interpreters or other effective methods of making orally elivered materials available to individuals with hearing impairments
* acquire or modify equipment or devices for individuals with disabilities or provide other similar services, modifications, materials or equipment