Us Congress Senate Bill SB3076

Us Congress 2023-2024 Regular Session

• Introduced: 10/18/23
• Refer: 10/18/23

Caption

Disability Employment Incentive Act

Impact

If enacted, SB3076 would have significant implications for both business practices and the lives of individuals with disabilities. It would modify tax deductions for expenditures aimed at removing architectural and transportation barriers, effectively increasing the financial support available for businesses that strive to enhance accessibility. The bill also proposes raising the current maximum deduction limits, enabling more expenditures to qualify as accessible improvements, thus fostering a more inclusive environment in various sectors.

Summary

SB3076, titled the 'Disability Employment Incentive Act', seeks to amend the Internal Revenue Code to encourage the employment of individuals receiving Social Security disability benefits. Key provisions include expanding the work opportunity credit to include qualified disability insurance beneficiaries and enhancing the existing credit for vocational rehabilitation referrals and other qualified recipients of disability benefits. The legislation aims to incentivize employers to hire and retain disabled workers, thereby promoting inclusivity in the workforce.

Contention

While the intentions behind SB3076 are largely positive, discussions around the bill may raise questions concerning the fiscal implications of expanding tax credits. Critics may argue over the long-term financial impact on state revenue, the adequacy of the proposed incentives in addressing the complexities faced by disabled individuals in the job market, and whether additional requirements for businesses are necessary to ensure compliance. Advocates for the bill assert that creating more employment opportunities for people with disabilities justifies these adjustments and may ultimately benefit the economy.