Electric Bicycle Incentive Kickstart for the Environment Act

Summary:

The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act would offer individual consumers a refundable 30% tax credit for purchasing an electric bicycle — up to a $1,500 credit for new bicycles less than $8,000. Individuals would be eligible for this credit once every three years and couples filing jointly would be eligible for two credits. This legislation also mandates a study after three years to evaluate if the credit is reaching low-income communities.