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Author Topic: Federal tax credit for eMotorcycles is seemingly back!  (Read 1004 times)

Richard230

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Re: Federal tax credit for eMotorcycles is seemingly back!
« Reply #15 on: December 21, 2019, 05:16:21 AM »

The upper limit of the 10% IRS electric motorcycle tax credit is $2,500.
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Richard's motorcycle collection:  2018 16.6 kWh Zero S, 2020 KTM 390 Duke, 2002 Yamaha FZ1 (FZS1000N) and a 1978 Honda Kick 'N Go Senior.

Richard230

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Re: Federal tax credit for eMotorcycles is seemingly back!
« Reply #16 on: December 22, 2019, 12:21:08 AM »

I, and likely many of you, just received this email message from Zero:

Happy Holidays!

We at Zero Motorcycles have long been at the forefront of advocacy for tax incentives for electric motorcycles. Now, with the help from some of Santa’s little helpers, we were part of a coalition that got a massive EV tax incentive included in the new spending bill just signed into law.

Starting today, new Zero motorcycles are eligible for a 10% tax credit, up to $2,500. This tax credit is retroactive and also applies to new electric motorcycles purchased in 2018 and 2019, which means recent Zero owners may be eligible for a surprise tax benefit from Uncle Sam!* For complete details, contact your local Zero Motorcycles Dealer today.

We hope this message reaches you at a good time to help cut down some of the stress of the season. Also, from everyone at Zero, we wish you and your families a safe and happy holiday season.

Happy Holidays,

Zero Motorcycles
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Richard's motorcycle collection:  2018 16.6 kWh Zero S, 2020 KTM 390 Duke, 2002 Yamaha FZ1 (FZS1000N) and a 1978 Honda Kick 'N Go Senior.

DonTom

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Re: Federal tax credit for eMotorcycles is seemingly back!
« Reply #17 on: December 22, 2019, 05:42:27 AM »

Starting today, new Zero motorcycles are eligible for a 10% tax credit, up to $2,500. This tax credit is retroactive and also applies to new electric motorcycles purchased in 2018 and 2019, which means recent Zero owners may be eligible for a surprise tax benefit from Uncle Sam!* For complete details, contact your local Zero Motorcycles Dealer today.
I assume  that $2,500 tax credit applies  for me buying my 2020 Energica  in 2019-- Or does it have to be an American brand  or any other new or special  details I should know?

I could use the tax savings to buy my 11th motorcycle.

A member of another forum (BARF--Bay Area Riders Forum) has figured out the formula for the  number of bikes we all should own. It's "N +1" ,  where "N" is  the number of bikes we currently own.  :)

-Don-  OPCNM, AZ
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1971 BMW R75/5
1984 Yamaha Venture
2002 Suzuki DR200SE
2013 Triumph Trophy SE
2016 Kawasaki Versys 650 LT
2017 Blk/Gold HD Road Glide Ultra
2017 Org Zero DS ZF 6.5/(now is 7.2)
2017 Red Zero SR ZF13 w/ Pwr Tank
2020 Energica EVA SS9
2023 Energica Experia LE
2023 Zero DSR/X

Richard230

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Re: Federal tax credit for eMotorcycles is seemingly back!
« Reply #18 on: December 22, 2019, 07:29:12 AM »

Starting today, new Zero motorcycles are eligible for a 10% tax credit, up to $2,500. This tax credit is retroactive and also applies to new electric motorcycles purchased in 2018 and 2019, which means recent Zero owners may be eligible for a surprise tax benefit from Uncle Sam!* For complete details, contact your local Zero Motorcycles Dealer today.
I assume  that $2,500 tax credit applies  for me buying my 2020 Energica  in 2019-- Or does it have to be an American brand  or any other new or special  details I should know?

I could use the tax savings to buy my 11th motorcycle.

A member of another forum (BARF--Bay Area Riders Forum) has figured out the formula for the  number of bikes we all should own. It's "N +1" ,  where "N" is  the number of bikes we currently own.  :)

-Don-  OPCNM, AZ

Yup. Energica purchases will receive the 10% tax credit up to a maximum of $2,500, both for previous purchases and I assume also purchases in 2020. 
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Richard's motorcycle collection:  2018 16.6 kWh Zero S, 2020 KTM 390 Duke, 2002 Yamaha FZ1 (FZS1000N) and a 1978 Honda Kick 'N Go Senior.
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