Vending operators that qualify as small businesses under the IRS code and have upgraded equipment to comply with the Americans with Disabilities Act (ADA) rules may be entitled to a tax credit/deduction, according to the National Automatic Merchandising Association (NAMA). To assist small businesses in compliance with the ADA, the Internal Revenue Service (IRS) code includes a Disabled Access Credit (Section 44) for businesses with 30 or fewer full-time employees or with total revenues of $1 million or less in the previous tax year. Qualified small businesses may qualify for a tax credit/deduction for eligible access expenditures including amounts paid or incurred to acquire or modify equipment or devices for individuals with disabilities.
NAMA recommends operators consult with their accountant for further clarification or qualification. Visit the following links for more information:
http://www.irs.gov/pub/irs-pdf/f8826.pdf
http://www.ada.gov/taxincent.htm
http://www.ada.gov/regs2010/smallbusiness/smallbusprimer2010.htm
