Bicycles are a fantastic way to get around. Congresspeople Jimmy Panetta (D-CA) and Earl Blumenauer (D-OR) are looking to encourage e-bike adoption and sales. PinkBike: The Electric Bicycle Incenti…
Hope they will grandfather that back to 2020!Being discussed here
Interesting tweet, Congressman Panetta's 'E-Bike Act' proposal as written would provide for a 30% tax credit on the purchase of one Class 1-3 ebike (two for joint filers) up to $1,500 ($3,000 for joint filers) for each tax year.electricbikereview.com
Oh yeah that's right"....bike must cost less than $8,000 dollars"
"..........the same credit for a $5,000 dollar eBike as you would for a $8,000 dollar eBike."
Last time I checked $8,000 was equal to $8,000 and not less than $8,000.
My read of the bill is that it includes all classes of EBikes... take a look below.How can they tie this to the 3-class system when CPSC controls ebikes thru 1st sale and many states don't even utilize the 3-class ebike table?
I support the tax incentive but tying it to the 3-class system is just brain-dead.