Brammo Owners Forum
The Brammo Buying Experience => Taxes, Incentives, Advantages => Topic started by: Richard230 on February 10, 2018, 08:58:23 PM
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This was certainly news to me: https://electrek.co/2018/02/09/ev-charging-credit-extended-2018/
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Nice I was just doing my taxes and was wondering about this =)
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Just FYI I was able to get the electric tax credit when I did my taxes. It took a little bit for Turbo Tax to update because the new law passed very recently. I go about $400 credit =)
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The U.S. Congress has (or will later this week) passed a law making the purchase of electric motorcycles and certain home charging equipment subject to a 10% tax credit of their cost during the years 2018 to 2020. This can be a decent amount of money. When I purchased my 2018 Zero in 2017, I received a check from the U.S. Treasury in the amount of $1,830.
So far, I have received a 10% tax credit (or rebate, if you prefer) for each of the five electric motorcycles that I have purchased during the past 10 years. (In addition to the $900 cash rebate from the state of California. Unfortunately, that rebate has recently been revised so that it only applies to one electric motorcycle purchase during a person's lifetime.) :(
Here is a link to the article announcing this change in the current tax law authorizing the credit:
https://electrek.co/2019/12/18/us-extends-tax-credits-for-ev-chargers-motorcycles-fuel-cells-again-retroactively/
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I just received this email message from Zero:
Happy Holidays!
We at Zero Motorcycles have long been at the forefront of advocacy for tax incentives for electric motorcycles. Now, with the help from some of Santa