HELPFUL INFORMATION:

Business Tax Incentives

If you own or operate a business, you should be aware of two tax incentives for hiring workers with disabilities:

1. Deduction for Removal of Barriers (IRS Code Section 190)
   You may deduct expenses for making a facility or vehicle used in your business more accessible to persons with disabilities.
    
2. Accessibility Credit (IRS Code Section 44)
   An eligible small business which pays or incurs expenses for providing access to persons with disabilities is allowed a tax credit.

Work Opportunity Tax Credit: On-The-Job Training Grant

To contact L.R.S. Vocational Services visit: www.dss.state.la.us or Shane Boucher

Helpful Links:
Nat’l Federation of Indep. Businesses
Work Force Info - Dept of Labor
Small Business Administration
Louisiana Works Site


Small Business Regulatory Flexibility Act (Small Businesses Will Benefit From New Regulatory Process)

WASHINGTON, D.C. – Governor Jindal and the Louisiana state legislature have stepped up support for Louisiana’s 364,900 small businesses with the recent passage and signing of House Bill 368, the Small Business Regulatory Flexibility Act. Representative Rickey Nowlin (Natchitoches) was the bill’s primary author.

The new law requires state agencies to analyze the economic impact of proposed rules on small business and to consider less burdensome alternatives that still accomplish the regulatory goal. It also requires state agencies to notify small businesses of the costs associated with the proposed new rules.

The passage and signing of H.B. 368 is a result of Representative Nowlin, the Louisiana Department of Economic Development, and small business trade groups working together to find this common sense approach to regulatory reform. Led by the National Federation of Independent Business/Louisiana, the trade groups included the U.S. Chamber of Commerce, Louisiana Association of Business and Industry, Associated Builders and Contractors, and the Baton Rouge Area Chamber.

Louisiana’s new law is based on model legislation developed by the SBA Office of Advocacy. Similar to the federal Regulatory Flexibility Act, the model encourages entrepreneurial success by requiring state agencies to consider the impact of their regulations on small business before those regulations become final.

For more information, visit the Office of Advocacy’s Small Business Regulatory Flexibility Model Legislation Initiative webpage or call (202) 205-6533.