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Alternative Fuel Vehicle and Refueling - Personal Tax Credit (Colorado)
Incentive/Active false  +
Incentive/Amt For vehicle: 25% - 85%; For Refueling: 20% - 50%  +
Incentive/ApplDsc Residential  +
Incentive/AuthCode C.R.S. §39-22-516  +
Incentive/AuthDtEff 1998-07-01  +
Incentive/AuthExpireDt 2011-06-30  +
Incentive/AuthLink http://www.dsireusa.org/documents/Incentives/CO04F.htm  +
Incentive/CarOvProv For vehicle: Credit available only in year vehicle was purchased or converted; For refueling: Excess may be carried forward for up to five years  +
Incentive/ContAddr 1375 Sherman St.  +
Incentive/ContDept Colorado Department of Revenue  +
Incentive/ContName Customer Service - Dept. of Revenue  +
Incentive/ContPhone (303) 238-7378  +
Incentive/ContPlace Denver, Colorado  +
Incentive/ContWebsite http://www.revenue.state.co.us  +
Incentive/ContZip 80261  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ExpireDt June 30, 2011  +
Incentive/ExpireDtString 2011-06-30  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc For vehicle: 85%; for refueling: 400,000 in any consecutive five-year period  +
Incentive/Name Alternative Fuel Vehicle and Refueling - Personal Tax Credit  +
Incentive/ProgAdmin Colorado Department of Revenue  +
Incentive/StartDate July 1, 1998  +
Incentive/StartDateString 1998-07-01  +
Incentive/Summary Under the provisions established by C.R.S.
Under the provisions established by C.R.S. §39-22-516, tax credits are available for the purchase of an alternative fuel vehicle, for a motor vehicle converted to use alternative fuel, or for the replacement of the power source with a power source that uses alternative fuel. Tax credits are also available for the construction, reconstruction or acquisition of an alternative fuel refueling facility that is directly attributable to the storage, compression, charging or dispensing of alternative fuels to motor vehicles. Prior to July I, 2000 the credits only applied to vehicles used in connection with a business. For tax years beginning on or after July 1, 2000, alternative fuel vehicles used by individuals for personal use also qualify for this credit. Alternative fuel is defined as; natural gas, propane, ethanol, or any mixture ethanol containing 85% or more ethanol by volume with gasoline or other fuels, electricity, or any other fuels, which may include, but are not limited to, clean diesel and reformulated gasoline so long as these other fuels make comparable reductions in carbon monoxide emissions and brown cloud pollutants as determined by the air quality control commission. The credit is a percentage of: a. the difference between the cost of the vehicle and the cost of the same or most similar vehicle that uses a traditional fuel, or b. the cost incurred in converting the vehicle to an alternative fuel, or c. the difference between the cost of replacing the power source and the cost of the of the same or most similar power source that uses a traditional fuel. The percentage of the credit depends on the certification level of the vehicle and the year in which the expenditure is made. The certification levels are available through the Colorado Department of Revenue. Colorado's Alternative Fuel Refueling Facility Tax Credit, for tax years beginning on or after January 1, 1998, but prior to January 1, 2011, is available for the construction, reconstruction or acquisition of an alternative fuel refueling facility that is directly attributable to the storage, compression, charging or dispensing of alternative fuels to motor vehicles. The percentage of the credit is as follows: Prior to 1/1/06 - 50%; Prior to 1/1/09 - 35%; Prior to 1/1/11 - 20%. The percentage of the credit will be increased by a multiple of 1.25 if either of the following occur: 1) If 70% or more of the alternative fuel dispensed each year by the refueling facility is derived from a renewable energy source for ten years (certification must be provided upon request); and/or 2) If the refueling facility is generally accessible for use by persons in addition to the person claiming the credit, The credit claimed by a taxpayer is limited to $400,000 in any consecutive five-year period for each refueling facility.
e-year period for each refueling facility.  +
Incentive/TechDsc Renewable Transportation Fuels + , Renewable Fuel Vehicles +
Incentive/Type Personal Tax Credit +
OpenEI/PageDescription Alternative Fuel Vehicle and Refueling - Personal Tax Credit: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Colorado  + , Personal Tax Credit  + , Colorado Department of Revenue  +
Place Colorado: Energy Resources +
Website http://www.revenue.state.co.us/fyi/html/income09.html  +
Categories Financial Incentive Programs , Incentive with Authorities , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
17:53:12, 12 February 2015  +
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