S.3076 - Disability Employment Incentive Act (Introduced in Senate on October 18,2023)

This bill was introduced in Senate on October 18, 2023. This bill broadens the tax credits and deductions accessible to employers who hire and retain employees with disabilities.

The bill extends the work opportunity tax credit to cover the employment of individuals receiving disability insurance benefits under the Social Security Act. For employers hiring individuals referred by vocational rehabilitation programs, recipients of Supplemental Security Income, or recipients of Social Security Disability Insurance (SSDI), the bill (1) raises the wage limit eligible for the credit, and (2) introduces an extra credit for second-year wages.

Regarding the tax credit for eligible small businesses that spend on making their premises accessible to individuals with disabilities, the bill (1) raises the limits on eligible expenditure amounts for the credit, and (2) adjusts the criteria for gross receipts and full-time employees for such businesses.

The bill also broadens the tax deduction for costs related to eliminating architectural and transportation barriers for the handicapped and elderly. It adjusts the deduction to (1) raise the cap on the deductible amount, and (2) encompass expenses for specific enhancements in the accessibility of internet or telecommunications services for handicapped and elderly individuals.