[casual_games] Tax Credit for Accessibility (CC)

[Thomas H. Buscaglia]

I thought that may casual developers could take 
advantage of this sweet deal I learned about researching Accessibility issues.

You can close caption your game and get up to a $5000 tax credit!



DISABLED ACCESS TAX CREDIT
(Title 26, Internal Revenue Code, Section 44)

This new tax credit is available to "eligible 
small businesses" in the amount of 50 percent of 
"eligible access expenditures" that exceed $250 
but do not exceed $10,250 for a taxable year. A 
business may take the credit each year that it 
makes an eligible access expenditure.

Eligible small businesses are those businesses with either:
    * $1 million or less in gross receipts for the preceding tax year; or
    * 30 or fewer full-time employees during the preceding tax year.

Eligible access expenditures are amounts paid or 
incurred by an eligible small business for the 
purpose of enabling the business to comply with 
the applicable requirements of the Americans with 
Disabilities Act (ADA). These include amounts paid or incurred to:
    * remove architectural, communication, 
physical, or transportation barriers that prevent 
a business from being accessible to, or usable 
by, individuals with disabilities;
    * provide qualified readers, taped texts, and 
other effective methods of making materials 
accessible to people with visual impairments;
    * provide qualified interpreters or other 
effective methods of making orally delivered 
materials available to individuals with hearing impairments;
    * acquire or modify equipment or devices for 
individuals with disabilities; or
    * provide other similar services, modifications, materials or equipment.

Expenditures that are not necessary to accomplish 
the above purposes are not eligible. Expenses in 
connection with new construction are not 
eligible. "Disability" has the same meaning as it 
does in the ADA. To be eligible for the tax 
credit, barrier removals or the provision of 
services, modifications, materials or equipment 
must meet technical standards of the ADA 
Accessibility Guidelines where applicable. These 
standards are incorporated in Department of 
Justice regulations implementing Title III of the 
ADA (28 CFR Part 36; 56 CFR 35544, July 26, 1991).

Example: Company A purchases equipment to meet 
its reasonable accommodation obligation under the 
ADA for $8,000. The amount by which $8,000 
exceeds $250 is $7,750. Fifty percent of $7,750 
is $3,875. Company A may take a tax credit in the 
amount of $3,875 on its next tax return.

Example: Company B removes a physical barrier in 
accordance with its reasonable accommodation 
obligation under the ADA. The barrier removal 
meets the ADA Accessibility Guidelines. The 
company spends $12,000 on this modification. The 
amount by which $12,000 exceeds $250 but not 
$10,250 is $10,000. Fifty percent of $10,000 is 
$5,000. Company B is eligible for a $5,000 tax credit on its next tax return.

Here's the form...http://www.irs.gov/pub/irs-pdf/f8826.pdf

Tom B

¤º°`°º¤,¸¸,¤º°`°º¤¤º°`°º¤,¸¸,¤º°`°º¤
Thomas H. Buscaglia, Esquire
The Game Attorney
T. H. Buscaglia and Associates
80 Southwest 8th Street
Suite 2100 - Brickell Bayview Center
Miami, FL  33130
Tel (305) 324-6000
Fax (305) 324-1111
Toll Free 888-848-GLAW
http://www.gameattorney.com
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