[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 1192 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                S. 1192

To amend the Internal Revenue Code of 1986 to provide a tax credit for 
  modifications to intercity buses required under the Americans with 
                       Disabilities Act of 1990.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 18, 2001

  Mr. Cleland (for himself, Ms. Snowe, Mr. Schumer, and Mr. Hollings) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide a tax credit for 
  modifications to intercity buses required under the Americans with 
                       Disabilities Act of 1990.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CREDIT FOR MODIFICATIONS TO INTERCITY BUSES REQUIRED UNDER 
              THE AMERICANS WITH DISABILITIES ACT OF 1990.

    (a) In General.--Subsection (a) of section 44 of the Internal 
Revenue Code of 1986 (relating to expenditures to provide access to 
disabled individuals) is amended to read as follows:
    ``(a) General Rule.--For purposes of section 38, the amount of the 
disabled access credit determined under this section for any taxable 
year shall be an amount equal to the sum of--
            ``(1) in the case of an eligible small business, 50 percent 
        of so much of the eligible access expenditures for the taxable 
        year as exceed $250 but do not exceed $10,250, and
            ``(2) 50 percent of so much of the eligible bus access 
        expenditures for the taxable year with respect to each eligible 
        bus as exceed $250 but do not exceed $35,250.''.
    (b) Eligible Bus Access Expenditures.--Section 44 of the Internal 
Revenue Code of 1986 (relating to expenditures to provide access to 
disabled individuals) is amended by redesignating subsections (d) and 
(e) as subsections (e) and (f), respectively, and by inserting after 
subsection (c) the following new subsection:
    ``(d) Eligible Bus Access Expenditures.--For purposes of this 
section--
            ``(1) In general.--The term `eligible bus access 
        expenditures' means amounts paid or incurred by the taxpayer 
        for the purpose of enabling an eligible bus to comply with 
        applicable requirements under the Americans With Disabilities 
        Act of 1990 (as in effect on the date of the enactment of this 
        subsection).
            ``(2) Certain expenditures not included.--The amount of 
        eligible bus access expenditures otherwise taken into account 
        under subsection (a)(2) shall be reduced to the extent that 
        funds for such expenditures are received under any Federal, 
        State, or local program.
            ``(3) Eligible bus.--The term `eligible bus' means any 
        automobile bus used to furnish (for compensation) passenger 
        land transportation available to the general public; except 
        that such term shall not include any automobile bus engaged in 
        furnishing transportation which is not scheduled and not along 
        regular routes unless the seating capacity of such bus is at 
        least 20 adults (not including the driver).''.
    (c) Eligible Bus Credit as Part of the General Business Credit.--
Paragraph 38(b)(7) of the Internal Revenue Code of 1986 (relating to 
current year business credit) is amended by inserting ``or with respect 
to an eligible bus access expenditure (as defined in section 44(d))'' 
after ``section 44(b))''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2001.
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