Tax Incentives May Apply to Cox Table Purchase

ADA Tax Credit for Disabled Access (Section 44) / up to $5000 tax credit

• Possible ADA Tax Credit from law #1338, Aid to Disabled Americans - You may be eligible for a tax credit for a portion of purchase price of the table. Through provisions in the Aid to Disabled Americans legislation, a tax credit of up to $5,000 may be taken in the year of purchase of the table. This is a tax credit that can be used to directly offset your tax liability.  Please have your CPA review and verify this process. See http://www.ada.gov/archive/taxpack.pdf for more details. An overview is at http://www.ada.gov/taxincent.htm.
• http://www.ada.gov/taxcred.htm

Section 179 Small Business Deduction / up to potential $6020 deductions of IRS capital expenditures

• Business Equipment Depreciation (check on current availability with your accountant) via Section 179 offers business depreciation deductions that help in the first year of the equipment's purchase. See http://www.section179.org/. See the calculator at http://www.section179.org/section_179_calculator.html.
• From the above website:
  • Section 179 limits for 2011 were increased by the 'Jobs Act of 2010' - allowing businesses to write-off up to $500,000 of qualified capital expenditures subject to a dollar-for-dollar phase-out once these expenditures exceed $2 million. 
  • Bonus Depreciation was also increased to 100% by the 'Tax Relief Act of 2010' - allowing businesses that exceed the $2 million cap to write-off 100% of qualified assets using first year Bonus Depreciation.  Also, small businesses that are not profitable in 2011 can use 100% Bonus Depreciation (on new equipment only) and carry-forward the loss to future profitable years.  

Tax Credit for Barrier Removal (Disabled) (Section 190) / combine with Section 44 ADA Tax Credit up to potential $10,000 deduction

• http://www.dol.gov/odep/pubs/fact/tifpba.htm
• http://www.ada.gov/taxcred.htm