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TAX INCENTIVES
for Improving Accessibility with the Welner Legacy
Table
Section 44 of the Internal Revenue Code was created in 1990
to help small business cover ADA related access improvement
expenditures. This incentive provides a 'tax credit' that
can be used for equipment such as the Welner Legacy
Table.
The Welner Legacy Table is clearly defined as a
product / equipment designed to provide access to people with
disabilities. The hi-lo capability and 650 pound weight capacity
provide the health care giver the ability to offer services
to people with mobility disabilities, geriatric and bariatric
patients. Through the offering of services to the disabled
patient the health care giver meets an important segment of
the ADA requirement.
The amount of the 'tax credit' is equal to 50% of the eligible
access expenditures in a year with a maximum 'tax credit'
of $5,000.
Importantly, 'tax credit' is an amount that you may subtract
from your 'tax liability' after you calculate your taxes,
while a deduction is subtracted from your total income before
taxes, to establish your taxable income.
For Example: if you have calculated taxes
and your total tax liability is $14,000
under the example of the 'tax credit' application outlined
( if you met the qualifications prescribed in IRS section
44 )
you could reduce your tax liability by $5,000
or have a 'new' tax liability of $9,000
If you qualify you could reduce your tax liability by $5,000
in the year you purchase the Welner Legacy Table
and begin providing exam and procedure access to people with
disabilities.
Further information related to 'qualification' requirements
are outlined on the following web sites
'tax incentives'
http://www.usdoj.gov/crt/ada/taxpack.htm
'title III ADA guidelines for accessible design:'
http://www.usdoj.gov/crt/ada/reg3a.html
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