S. 2420 · 117th Congress
E-BIKE Act
- Stage
- In committee
- Sponsor
- Brian Schatz
- Introduced
- 2021-07-21
- Latest action
- 2021-07-21 · Introduced in Senate
Summary
Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act
This bill allows a refundable tax credit for 30% of the cost of a qualified electric bicycle. The credit is limited to $1,500 per taxpayer less all credits allowed for the two preceding taxable years.
A qualified electric bicycle is a two- or three-wheeled vehicle that is, among other things, equipped with an electric motor of less than 750 watts that is capable of propelling such vehicle.