DR 0514 - Qualified Purchaser of an Electric Bicycle Affidavit

For a retailer to be eligible to claim the electric bicycle income tax credit and provide the required discount on the purchase of a new qualified electric bicycle, the purchaser must be a Colorado resident who has not previously purchased a new qualified electric bicycle that received the required discount during the same calendar year. Information about the credit amount, required discount, and allowable administrative fee can be found in Department publication Income Tax Topics: Electric Bicycle Credit.