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Tax Credit for New Electric Bicycle Purchases

This new law introduces a tax credit for individuals who purchase new electric bicycles. The aim is to encourage the use of eco-friendly transportation, potentially leading to personal savings and environmental benefits.
Key points
You can claim a tax credit equal to 30% of the cost of a new electric bicycle.
The maximum credit is $1,500 ($3,000 for joint filers).
The credit applies to electric bicycles costing up to $8,000 that meet specific technical standards.
You can claim the credit for one bicycle every two years (two for joint filers).
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Expired
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Additional Information
Print number: 117_HR_1019
Sponsor: Rep. Panetta, Jimmy [D-CA-20]
Process start date: 2021-02-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

E-BIKE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1019.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-11.

What are the main provisions?

Key points include:

  • You can claim a tax credit equal to 30% of the cost of a new electric bicycle.
  • The maximum credit is $1,500 ($3,000 for joint filers).
  • The credit applies to electric bicycles costing up to $8,000 that meet specific technical standards.
  • You can claim the credit for one bicycle every two years (two for joint filers).
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Panetta, Jimmy [D-CA-20].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Environment Transport