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Expanded Tax Credits for Small Businesses Improving Accessibility for Disabled Individuals

This act expands tax credits for small businesses that incur expenses to make their facilities and services accessible to individuals with disabilities. This means more businesses can receive financial assistance, potentially leading to improved access to workplaces and services for people with disabilities in their daily lives.
Key points
The revenue limit for eligible businesses increases from $1,000,000 to $3,500,000.
The employee limit for eligible businesses increases from 30 to 100 full-time employees.
These changes apply to taxable years beginning after December 31, 2023.
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Additional Information
Print number: 118_HR_7705
Sponsor: Rep. Molinaro, Marcus J. [R-NY-19]
Process start date: 2024-03-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Think DIFFERENTLY Small Business Accessibility Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7705.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-03-15.

What are the main provisions?

Key points include:

  • The revenue limit for eligible businesses increases from $1,000,000 to $3,500,000.
  • The employee limit for eligible businesses increases from 30 to 100 full-time employees.
  • These changes apply to taxable years beginning after December 31, 2023.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Molinaro, Marcus J. [R-NY-19].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Economy