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 Financial Assistance Assistive Device Tax Credit
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Iowa
small businesses can reduce their taxes by buying or renting products or
equipment, or by making physical changes to the workplace to help
employees with disabilities get or keep a job. To qualify for the
Assistive Device Tax Credit, a business must be located in Iowa and
employ 14 or fewer full time employees OR have $3 million dollars or
less in gross annual receipts. The credit applies to expenditures made
on or after January 1, 2000, and equals one-half of the first $5,000 in
qualifying expenses each tax year. Excess credits can be refunded or
carried over to the next tax year. To receive the tax credit: 1. Apply: Submit an application on forms available from the Department of Economic Development (or Revenue and Finance). Mail the completed form to the Assistive Device Tax Credit Program, Division of Business Development, Iowa Department of Economic Development, 200 East Grand Avenue, Des Moines, Iowa 50309. Contact Small Business Liaison Wynona Bohemann at 515-242-4793 for information, assistance or copies of materials in alternative formats.
2. Receive a Certificate of Entitlement: The IDED will review the application and issue a Certificate of Entitlement or a letter that explains why the application was not approved. Certificates will be numbered and have information about the devices, modifications, credit amounts and tax year.
3. File the Certificate with your Tax Return: Attach the Certificate of Entitlement to your Iowa personal or business tax returns. Information about Assistive
Devices and Workplace Modifications: An
assistive device is any item, piece of equipment or product system that
is used to increase, maintain or improve the functional capabilities of
an individual with a disability in the workplace or on the job.
Workplace modifications are physical alterations to the work
environment. To learn more about how to accommodate employees with
disabilities, contact these programs: The Job Accommodation Network,
(JAN) 800-526-7234 (voice/TTY), or at
http://janweb.icdi.wvu.edu; The Iowa Program for Assistive
Technology (IPAT), 800-331-3027 (voice/TTY), or 319-356-0550
(voice/TTY), infotech@uiowa.edu
(e-mail), or at
http://www.uiowa.edu/infotech; The Great Plains Disability Technical
Assistance Center (DBTAC), 800-949-4232,
hamburgl@missouri.edu
(e-mail), or at
http://www.adaproject.org.
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