S 881
E-BIKE Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The E-Bike Act introduces a tax credit for individuals purchasing qualified electric bicycles. The credit is 30% of the bicycle’s cost, up to a maximum of $5,000 per bicycle, and is subject to income limitations. The IRS will establish a program for advance payments and track credit claims, starting in 2023 and 2024. The bill also includes provisions for defining a qualified electric bicycle and addressing potential issues with transfers of credits.
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