If you purchase a Hylo or Elevation table that would provide your facility with better access to disabled individuals (be it workers or patients) we would recommend that you seek advice from your CPA or tax accountant regarding the potential tax credits using: IRS code Section 44
This tax credit is for eligible small businesses to receive 50% of eligible access expenditures (over $250 - $10,250) for a taxable year. This is valid for each year the business makes eligible access expenditure.
Qualifications for an eligible small business:
- Less than or equal to $1 million in gross receipts for the last tax year.
- Less than or equal to 30 full time employees during the last tax year.
Qualifications for eligible access expenditures:
- Purchase of equipment with features that would provide your facility with better access to disabled individuals.
Example:
- A small business purchases equipment to meet its reasonable accommodation obligation under the ADA for $8,000. The amount by which $8,000 exceeds $250 is $7,750. Fifty percent of $7,750 is $3,875. Company A may take a tax credit in the amount of $3,875 on its next tax return. In addition the small business may depreciate the difference using IRS Sec. 179
