Electric Bike Rebate
Colorado E Bikes has partnered with Magnum Bikes to provide you a huge selection of bikes that qualify for the Colorado $450 E Bike Rebate to be taken off the price at time of purchase. Bring in your form and come test ride a new electric bike today!!
E-Bike Tax Credit
Overview
A State of Colorado e-bike tax credit will be available to Coloradans starting on April 1, 2024. After this date, Coloradans will get a $450 discount off of a qualifying e-bike purchase (at the point-of-sale) from a participating retailer across the state. Not all retailers are participating; please check with retailers to see if they are participating and offering the $450 discount.
How it Works
All people living in Colorado are able to get the Colorado e-bike tax credit discount. E-bike purchasers who buy a qualified e-bike at a participating retailer (see Participating E-bike Retailers section below) will automatically receive the discount.
Each person living in Colorado may receive the discount on the purchase of one (1) e-bike from a participating retailer each calendar year. The purchaser is responsible for paying the full sales tax on the bike, even if the discount exceeds the bike’s price.
Proof of a physical Colorado address is required at the time of purchase. All documents must be dated within three months of the e-bike date of purchase.
Each person living in Colorado may receive the discount on the purchase of one (1) e-bike from a participating retailer each calendar year. The purchaser is responsible for paying the full sales tax on the bike, even if the discount exceeds the bike’s price.
Proof of a physical Colorado address is required at the time of purchase. All documents must be dated within three months of the e-bike date of purchase.
Acceptable proof of address documents include:
- Current valid Colorado Driver’s License or ID
- Computer-generated bill (utility, credit card, doctor, hospital, etc.)
- Printed bank statement
- Pre-printed pay stub (from a period within the last 3 months)
- First-class mail (from a government agency or court)
- Current homeowner’s, renter’s, or motor vehicle insurance policy
- Mortgage, lease, or rental contract
- Transcript or report card from an accredited school
- Motor vehicle registration
- USPS Change of Address Form CNL107
- DD Form 214
If you are unhoused in Colorado and receiving services from a government agency or non-profit organization, a dated letter on the organization’s letterhead stating your situation may be accepted in place of one of the above documents.
Eligible E-Bikes
Not all e-bikes available on the market are eligible for the e-bike tax credit discount. Please check with the retailer to confirm the e-bike you are purchasing meets the following requirements to qualify for the discount:
- Must meet independent UL certification standards. The e-bike must be certified to UL 2849, UL 2271, or EN 15194. E-Bikes that are UL-certified typically have a UL certification logo on the bike battery.
- Must be a new e-bike.
- Must have an electric motor that is 750 watts or less and must not be gasoline-powered.
- Must have two or three wheels and fully operable pedals.
- May be any class of e-bike (per the State of Colorado e-bike definition). Includes:
- Class 1: an electrical assisted bicycle equipped with a motor that provides assistance only when the rider is pedaling and that ceases to provide assistance when the bicycle reaches a speed of 20 mph.
- Class 2: an electrical assisted bicycle equipped with a motor that provides assistance regardless of whether the rider is pedaling but ceases to provide assistance when the bicycle reaches a speed of 20 mph.
- Class 3: an electrical assisted bicycle equipped with a motor that provides assistance only when the rider is pedaling and that ceases to provide assistance when the bicycle reaches a speed of 28 mph.
- May be an adaptive e-bike.
- No minimum purchase price; no maximum purchase price.