Colorado DR0514 eBike Tax Credit
Colorado's DR0514 eBike Tax Credit: Pedal Towards Savings!
Starting April 1, 2024, Colorado residents can take advantage of a fantastic opportunity to make their eBike dreams more affordable with the DR0514 eBike Tax Credit. This program offers a $450 discount on the purchase of a new qualifying eBike, making it easier than ever to embrace eco-friendly transportation.
Here's how it works:
- Instant Savings: The $450 credit is applied directly to your purchase price at the time of sale. No waiting for rebates or reimbursements!
- Eligibility: All Colorado residents are eligible for the tax credit. You can claim it once per calendar year.
- Qualifying eBikes: The credit applies to new eBikes that meet specific criteria (e.g., maximum speed, motor wattage). Check with your eBike retailer to confirm eligibility.
- How to Claim: Simply complete the DR0514 form (available at your eBike retailer or on the Colorado Department of Revenue website) and present a valid Colorado ID at the time of purchase.
Benefits of the DR0514 eBike Tax Credit:
- Reduced upfront cost: Makes eBikes more accessible to a wider range of people.
- Promotes sustainable transportation: Encourages the use of eco-friendly alternatives to cars.
- Supports local eBike retailers: Helps boost the Colorado eBike economy.
Ready to ride into savings? Visit your local eBike retailer to learn more about the DR0514 program and find the perfect eBike for your needs.
Read more about the program here on the State of Colorado's website
