HB 115 -- INCOME TAX CREDIT FOR ADA IMPROVEMENTS (Kreider)

This bill authorizes an income tax credit for eligible
expenditures made by a small business to comply with the
Americans with Disabilities Act of 1990.  The tax credit is
limited to 50% of any qualified expenditure made and may not
exceed $5,000.  Any unused credit may be carried forward into
future tax years.

This bill will become effective January 1, 2000.

FISCAL NOTE:  Estimated Net Loss to General Revenue Fund of $0
in FY 2000, $150,000 in FY 2001, and $150,000 in FY 2002.

HB 115 -- INCOME TAX CREDITS FOR ADA IMPROVEMENTS

CO-SPONSORS:  Kreider, Liese, Williams (121), Ostmann

COMMITTEE ACTION:  Voted "do pass" by the Committee on Ways and
Means by a vote of 17 to 1.

This bill authorizes an income tax credit for eligible
expenditures made by a small business to comply with the
Americans with Disabilities Act of 1990.  The tax credit is
limited to 50% of any qualified expenditure made and may not
exceed $5,000.  Any unused credit may be carried forward into
future tax years.

This bill will become effective January 1, 2000.

FISCAL NOTE:  Estimated Net Loss to General Revenue Fund of $0
in FY 2000, $150,000 in FY 2001, and $150,000 in FY 2002.

PROPONENTS:  Supporters say that this bill will allow small
businesses to recoup some of their expenses related to
improvements required under ADA.

Testifying for the bill were Representative Kreider; National
Federation of Independent Businesses; Missouri Retailers
Association; Missouri Grocers Association; Mark Bredenkeotter;
Missouri Association of Realtors; Jim Tusser; and Missouri
Assistive Technology Council.

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Assistant Director of Research

HB 115 -- Income Tax Credit for ADA Improvements

Co-Sponsors:  Kreider, Liese, Williams (121)

This bill authorizes an income tax credit for eligible
expenditures made by a taxpayer to comply with the Americans
with Disabilities Act of 1990.  The tax credit is limited to 50%
of any qualified expenditure made and may not exceed $5,000.
Any unused credit may be carried forward into future tax years.

This bill will become effective January 1, 2000.