The implementation of this bill is projected to have a positive impact on the lives of blind individuals by making technology necessary for accessibility more affordable. Through this credit, it is expected that the use and acquisition of assistive technologies will increase, promoting greater independence and inclusion for those affected by visual impairments. Additionally, the bill carries provisions for annual inflation adjustments to the credit limit, ensuring that the financial support remains relevant to changing economic conditions.
Summary
SB1467, titled the 'Access Technology Affordability Act of 2023', aims to amend the Internal Revenue Code to offer a refundable tax credit for the purchase of qualified access technology intended for use by blind individuals. This initiative seeks to provide financial assistance to those who require specialized technology to enhance their access to information that is visually presented. The bill outlines the eligibility criteria for qualifying individuals and establishes a limit on the amount of credit available, set at $2,000 over a three-year period for each qualified blind individual.
Contention
While the bill primarily aims to support blind individuals, there may be discussions and debates surrounding the scope of what constitutes 'qualified access technology' as well as the overall fiscal implications of such tax credits on state revenue. Concerns might arise regarding the verification processes required to qualify for the credits, and whether they are adequately streamlined to ensure accessibility for those in need without excessive bureaucratic delays. Furthermore, the expiration date set at December 31, 2028, prompts questions about future legislative action needed to continue support beyond this timeline.