Assigned Innovative Motor Vehicle and Truck Credits and Electric Bicycle Credit Reconciliation Schedule
Beginning in tax year 2024, motor vehicle dealers and financing entities that were assigned innovative motor vehicle or innovative truck credits must complete this form to calculate the amount of credit allowed. Qualified retailers selling electric bicycles must also complete this form to calculate the amount of credit allowed. Beginning in tax year 2025, this form will also be used to reconcile the credit allowed with any advance payments received during the tax year. Submit this form with your Colorado income tax return.
To claim a credit for an innovative motor vehicle or innovative truck that you purchased, use form DR 0617. To make or report the assignment of an innovative motor vehicle or innovative truck credit to a motor vehicle dealer or financing entity, see form DR 0618.