26 U.S.C. § 190 : US Code - Section 190: Expenditures to remove architectural and transportation barriers to the handicapped and elderly

Search 26 U.S.C. § 190 : US Code - Section 190: Expenditures to remove architectural and transportation barriers to the handicapped and elderly

(a) Treatment as expenses
(1) In general
A taxpayer may elect to treat qualified architectural and
transportation barrier removal expenses which are paid or
incurred by him during the taxable year as expenses which are not
chargeable to capital account. The expenditures so treated shall
be allowed as a deduction.
(2) Election
An election under paragraph (1) shall be made at such time and
in such manner as the Secretary prescribes by regulations.
(b) Definitions
For purposes of this section -
(1) Architectural and transportation barrier removal expenses
The term "architectural and transportation barrier removal
expenses" means an expenditure for the purpose of making any
facility or public transportation vehicle owned or leased by the
taxpayer for use in connection with his trade or business more
accessible to, and usable by, handicapped and elderly
individuals.
(2) Qualified architectural and transportation barrier removal
expenses
The term "qualified architectural and transportation barrier
removal expense" means, with respect to any such facility or
public transportation vehicle, an architectural or transportation
barrier removal expense with respect to which the taxpayer
establishes, to the satisfaction of the Secretary, that the
resulting removal of any such barrier meets the standards
promulgated by the Secretary with the concurrence of the
Architectural and Transportation Barriers Compliance Board and
set forth in regulations prescribed by the Secretary.
(3) Handicapped individual
The term "handicapped individual" means any individual who has
a physical or mental disability (including, but not limited to,
blindness or deafness) which for such individual constitutes or
results in a functional limitation to employment, or who has any
physical or mental impairment (including, but not limited to, a
sight or hearing impairment) which substantially limits one or
more major life activities of such individual.
(c) Limitation
The deduction allowed by subsection (a) for any taxable year
shall not exceed $15,000.