When barrier removal is done in compliance with the law, your business may be entitled to:

Only small businesses (with $1,000,000 or less in revenue OR 30 or fewer full time employees) may be eligible for both the tax credit and the tax deduction. Larger businesses may be eligible for a tax deduction only.

This means, each year for small businesses 50% of expenses spent for accessibility improvements (over $250 and up to $10,250) are eligible as a TAX CREDIT. Any excess expenditure is tax deductible, up to $15,000. This is available every year and any unused credit can be carried forward.

Example:
The Mom & Pop Shop wants to become a Proudly Accessible Dubuque business now. They are also planning some major renovations next year. But they decide to make accessibility improvements to the parking lot and entrance first.

Which means the real net cost of the accessible improvements is only $785

When Mom & Pop do the major renovations next year, also they spend $20,000 for accessibility improvements (restrooms, widen doors, power assist doors).

They will be able to use BOTH the maximum credit, $5000, and a deduction.

(The deduction is equal to the difference between the total expenditures and the amount of the credit claimed.)

They could also be eligible for a Proudly Accessible Dubuque Community Loan.

See Tax Incentives Packet on the Americans with Disabilities Act for more information. Obtain IRS Publications 334 and 535, and/or Form 8826