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Tag: refundable tax credit

A bicycle parked on a street, tax credit for electric bicycle purchase

Federal Tax Incentives May Be Next For E-Bikes

The E-BIKE Act creates a consumer tax credit that will cover 30% of the cost of the e-bike, up to a $1,500 credit. It only applies to new e-bikes that cost less than $8,000 and is fully refundable, allowing lower-income workers to claim the credit.

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