Title: Disabled Access Credit Expansion Act
Policy area: Taxation

Summary:
Disabled Access Credit Expansion Act
This bill amends the Internal Revenue Code, with respect to the tax credit for expenditures by an eligible small business to provide access to disabled individuals, to: (1) increase from $10,250 to $20,500 the annual dollar limitation for eligible access expenditures, (2) require the $20,500 limit to be adjusted for inflation after 2018, and (3) increase from $1 million to $2.5 million the gross receipts limitation for an eligible small business.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5536 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 5536

  To amend the Internal Revenue Code of 1986 to expand the credit for 
        expenditures to provide access to disabled individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 17, 2018

   Mr. McEachin (for himself, Mr. Crowley, Mr. Langevin, Mrs. Watson 
   Coleman, Mr. Thompson of Mississippi, Mr. Foster, Mr. Al Green of 
   Texas, Mr. Veasey, Mr. Moulton, Ms. Jackson Lee, Mr. Peters, Mr. 
    Keating, Mr. Schrader, Ms. Speier, Mr. Aguilar, Ms. Brownley of 
California, Mr. Pocan, Ms. Sanchez, Ms. Blunt Rochester, Mrs. Dingell, 
   Mr. Cuellar, Ms. Norton, Mr. Hastings, Mr. Brown of Maryland, Ms. 
    Titus, and Ms. Sinema) introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to expand the credit for 
        expenditures to provide access to disabled individuals.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Disabled Access Credit Expansion 
Act''.

SEC. 2. EXPANSION OF CREDIT FOR EXPENDITURES TO PROVIDE ACCESS TO 
              DISABLED INDIVIDUALS.

    (a) Increase in Dollar Limitation.--
            (1) In general.--Section 44(a) of the Internal Revenue Code 
        of 1986 is amended by striking ``$10,250'' and inserting 
        ``$20,500''.
            (2) Inflation adjustment.--Section 44 of such Code is 
        amended by redesignating subsection (e) as subsection (f) and 
        by inserting after subsection (d) the following new subsection:
    ``(e) Inflation Adjustment.--
            ``(1) In general.--In the case of any taxable year 
        beginning after 2018, the $20,500 amount in subsection (a) 
        shall be increased by an amount equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost of living adjustment determined 
                under section 1(f)(3) for the calendar year in which 
                the taxable year begins determined by substituting 
                `calendar year 2017' for `calendar year 2016' in 
                subparagraph (A)(ii) thereof.
            ``(2) Rounding.--Any amount determined under paragraph (1) 
        which is not a multiple of $50 shall be rounded to the next 
        lowest multiple of $50.''.
    (b) Increase in Gross Receipts Limitation.--Section 44(b)(1)(A) of 
such Code is amended by striking ``$1,000,000'' and inserting 
``$2,500,000''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2017.
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