House Journal: Page 1684: Thursday, April 20, 2000
20 by the state department of transportation, but does
21 include any item, piece of equipment, or product
22 system otherwise meeting the definition of "assistive
23 device" that is incorporated, attached, or included as
24 a modification in or to such a device issued a
25 certificate of title.
26 b. "Disability" means the same as defined in
27 section 225C.46.
28 c. "Small business" means a business that either
29 had gross receipts for its preceding tax year of three
30 million dollars or less or employed not more than
31 fourteen full-time employees during its preceding tax
32 year.
33 d. "Workplace modifications" means physical
34 alterations to the work environment.
35 Sec. 105."
36 2. Page 7, line 20, by striking the word "year.""
37 and inserting the following: "year.
38 Sec. 201. Section 422.33, Code Supplement 1999, is
39 amended by adding the following new subsection:
40 NEW SUBSECTION. 8A. a. The taxes imposed under
41 this division shall be reduced by an assistive device
42 tax credit. a small business purchasing, renting, or
43 modifying an assistive device or making workplace
44 modifications for an individual with a disability who
45 is employed or will be employed by the small business
46 is eligible, subject to availability of credits, to
47 receive this assistive device tax credit which is
48 equal to fifty percent of the first five thousand
49 dollars paid during the tax year for the purchase,
50 rental, or modification of the assistive device or for
Page 3
1 making the workplace modifications. Any credit in
2 excess of the tax liability shall be refunded with
3 interest computed under section 422.25. In lieu of
4 claiming a refund, a taxpayer may elect to have the
5 overpayment shown on the taxpayer's final, completed
6 return credited to the tax liability for the following
7 tax year. If the small business elects to take the
8 assistive device tax credit, the small business shall
9 not deduct for Iowa tax purposes any amount of the
10 cost of an assistive device or workplace modifications
11 which is deductible for federal income tax purposes.
12 b. To receive the assistive device tax credit, the
13 eligible small business must submit an application to
14 the department of economic development. If the
15 taxpayer meets the criteria for eligibility, the
16 department of economic development shall issue to the
17 taxpayer a certification of entitlement for the
18 assistive device tax credit. However, the combined
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