Author Topic: New Colorado EV tax credit information (FYI Income 67)  (Read 7864 times)

860

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New Colorado EV tax credit information (FYI Income 67)
« on: March 15, 2012, 08:55:55 PM »
The State of Colorado has now split out a new FYI page for the revised 2012-2016 Innovative Motor Vehicle Credit that gives up to a $6,000 dollar refundable tax incentive for EV's.  (It also gives tax incentives for all kinds of other green cars too.)


https://www.colorado.gov/pacific/tax/fyi-publications-income-tax

or take this link and click on "Income 67" at the bottom of the list:

https://www.colorado.gov/pacific/sites/default/files/Income67.pdf

It is mostly info straight out of the old FYI, but it contains some new stuff, like this:

Q:  Can a vehicle qualify for this credit if it is not on the list?
A:  Yes. However vehicles must be approved, and the credit calculated by the Department of Revenue. Credits for manufactured vehicles must be applied for by the manufacturer

And this:

Zero Motorcycles

2012 DS ZF 6
Incremental price difference $ 6,505
Tax credit available for tax year 2012 $4,879
2012 DS ZF9
Incremental price difference $ 9,005
Tax credit available for tax year 2012 $ 6,000
2012 S ZF 6
Incremental price difference $ 6,505
Tax credit available for tax year 2012 $ 4,879
2012 S ZF9
Incremental price difference $ 9,005
Tax credit available for tax year 2012 $ 6,000
2012 X
Incremental price difference $ 6,746
Tax credit available for tax year 2012 $ 5,059
2012 X (2 packs)
Incremental price difference $ 9,241
Tax credit available for tax year 2012 $ 6,000
2012 XU
Incremental price difference $ 4,496
Tax credit available for tax year 2012 $3,372
2012 XU (2 packs)
Incremental price difference $ 6,991
Tax credit available for tax year 2012 $ 5,243


And for Brammo:

Brammo Motorcycles
Brammo Enertia Category 1
Incremental price difference $3,496
Tax credit available for tax year 2012 $2,622


So, open question for anyone inside Brammo --  Is anyone working with Colorado for updated Enertia Plus incentive numbers?  Of course I'd like to see the Empulse 6.0, 8.0, and 10.0 tax credits too...  *grin*  But seriously, depending upon how the incentives shake down, the Enertia Plus may be somewhere around just $1K more than the current Enertia (after rebate).
« Last Edit: March 24, 2016, 07:21:49 PM by 860 »

Brammofan

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #1 on: March 15, 2012, 09:45:55 PM »
Thank you 1416 for posting this in the proper subforum.  ;D

I just spoke with someone very special at Brammo and he assured me that they are aware of the Colorado incentive situation and are working toward getting those incremental numbers for the Enertia Plus and the Empulse. 

Follow me on Twitter at www.twitter.com/brammofan

EmpulseRider

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #2 on: March 15, 2012, 10:47:13 PM »
UPDATE: whoops... old link these are at 85% not 75%!!! Strange that they have the Zero 2012 models in there, no way you could have bought one in 2011.

Hmm i see this for the zeros:

2012 DS ZF6 Page 21 of 21
Incremental price difference $ 6,505
Tax credit available for tax year 2011 $5,529
2012 DS ZF9
Incremental price difference $ 9005
Tax credit available for tax year 2011 $ 6,000
2012 S ZF6
Incremental price difference $6,505
Tax credit available for tax year 2011 $5,529
2012 S ZF9
Incremental price difference $9,005
Tax credit available for tax year 2011 $6,000
2012 X
Incremental price difference $ 6,746
Tax credit available for tax year 2011 $ 5,734
2012 X (2 packs)
Incremental price difference $ 9,241  
Tax credit available for tax year 2011 $ 6,000
2012 XU
Incremental price difference $ 4,496
Tax credit available for tax year 2011 $ 3,821
2012 XU (2 packs)
Incremental price difference $6,991
Tax credit available for tax year 2011 $ 5,942

http://www.colorado.gov/cs/Satellite?c=Document_C&cid=1178305445492&pagename=Revenue%2FDocument_C%2FREVXAddLink

Says recently revised by the link... wonder if this is an old link though still...? Found the link on this page: http://www.colorado.gov/cs/Satellite/Revenue/REVX/1193047059436
« Last Edit: March 15, 2012, 10:55:19 PM by EmpulseBuyer »

protomech

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #3 on: March 16, 2012, 12:09:41 AM »
I'll admit, I'd take a $6000 credit on a ZF9..

I got a call about a Zero S back in very early January .. Zero was sending out a very early shipment of S bikes at that time. It's not inconceivable that someone might have scored one before 12-31.. but the more likely explanation is that Zero just submitted the paperwork and CO didn't verify that bikes were shipping.
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860

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #4 on: March 16, 2012, 11:18:39 AM »

Says recently revised by the link... wonder if this is an old link though still...? Found the link on this page: http://www.colorado.gov/cs/Satellite/Revenue/REVX/1193047059436

If you goto that page in your link, and go down to the bottom of the page you will see this:

# Income 67:  Innovative Motor Vehicle Credit  **NEW**

This is the 2012-2016 tax credit information.  The old FYI 9 is now just info for people still filing their 2011 or earlier state taxes.  FYI 9 is now dead for new purchases, and FYI 67 is the law of the land. 

That should really make things confusing out in the internet world for a while, eh?

EmpulseRider

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #5 on: March 16, 2012, 12:05:39 PM »
OK, now I see it...
I must say... its one of the easier tax documents to read. We are extremely lucky to have this benefit available to us! The funny thing is that it would seem hardly anyone takes advantage of it AFAIK. I have not seen one LEAF, Volt, or Zero out on the road here... in fact the only EV I have seen is a Tesla Roadster that commutes up and down south Wadsworth...

Thank you 1416 for posting this in the proper subforum.  ;D

I just spoke with someone very special at Brammo and he assured me that they are aware of the Colorado incentive situation and are working toward getting those incremental numbers for the Enertia Plus and the Empulse. 

I wonder if someone at the Colorado Department of Revenue is privy to any pricing information on the Empulse yet... hmmmm.

860

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #6 on: March 16, 2012, 12:41:22 PM »
Funny you say that, because I was up on Colorado and I-25 yesterday, and I saw my first Leaf in the wild here in Denver.  I pulled up behind it not realizing at first it was a Leaf, and my first impression was "man that SUV has a fat @ss".  Then I looked at the badge and saw it was a Leaf.  They are definitely larger than I thought.  I started comparing it in size to cars in other lanes, and the closest match to the rear end size was a RAV4. 

I wanted to pull along side, but he dropped me in traffic because of the lights.

The interesting thing is that the Leaf doesn't qualify for the full 6,000 dollar tax credit if you can take the full $7,500 federal credit, but the Volt does.  That's because Colorado now deducts the $7,500 federal credit from the Incremental Price Difference.  So the Volt is actually now cheaper in Colorado than the Leaf!

860

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #7 on: March 16, 2012, 12:44:01 PM »
Thank you 1416 for posting this in the proper subforum.  ;D

I just spoke with someone very special at Brammo and he assured me that they are aware of the Colorado incentive situation and are working toward getting those incremental numbers for the Enertia Plus and the Empulse. 



Thanks!  That's very good news to my ears. 

860

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #8 on: May 08, 2012, 04:14:42 PM »
Crossing my fingers that Brammo will include information tonight about what State rebates the Empulse and Empulse R will qualify for (especially Colorado).... 

EmpulseRider

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #9 on: May 17, 2012, 09:21:06 AM »
Just took a peak at that form and I dont see the Empulse yet... not really surprised but it would be nice to get an exact number. I cant see how it would be less than 6k considering the Zero ZF9 qualifies for 6k rebate. Perhaps Brammo can chime in here :) Specifically I would like to know what comp they will be using.

Deadly Silent Ninja

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #10 on: May 17, 2012, 05:01:35 PM »
Quote
I must say... its one of the easier tax documents to read. We are extremely lucky to have this benefit available to us!

I want to move to Colorado so badly now...

EmpulseRider

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #11 on: May 17, 2012, 05:37:34 PM »
Hey, why not? I love it here... the tax credit is just another bonus :)

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #12 on: June 19, 2012, 05:30:57 PM »
Someone just brought this up on ABG:
http://www.greencarreports.com/news/1074719_discontinued-2011-think-city-electric-cars-for-sale-22500

Not sure what the Colorado discount is, because it isnt listed, but I would imagine that its the full 6k. That is, if the tax discount doesnt take into account the price difference with the federal discount, which i dont think it does. So:

22300 - 7500 - 6000 = 8800
LOL... I would buy one of these quirky things at that price! And I love the matte paint.

Gavin

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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #13 on: June 19, 2012, 05:41:13 PM »
hell yes...lucky coloradians...

not matte paint though...it is that color all the way through...think really thick garbage can...

I kinda love this fisher price car and would buy one too if I had those deals in New Mexico...sadly we have NO NADA NONE incentives....

grrrrr

Gavin


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Re: New Colorado EV tax credit information (FYI Income 67)
« Reply #14 on: June 19, 2012, 05:53:01 PM »
Dude! Gavin, look at this, select Think... there are 3 left:

http://www.eurostarautos.com/powersearch.cfml

umm so... with the fed discount alone you are good to go! I am seriously considering...

UPDATE: Damnit... these guys are factoring in the 7500... damnit  :'(

lol... it does look very "fisher price"-ish... but for 22,500 its a good price... 16,000 would be too good to pass up.
« Last Edit: June 19, 2012, 05:58:11 PM by EmpulseBuyer »