Congressman Earl Blumenauer of Oregon and Congressman Jimmy Panetta of California have introduced legislation called the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act. The purpose of this legislation is to encourage the use of eBikes through providing a tax credit to purchasers. They list many benefits of eBikes to individual users and to the country at large, including greater mobility at lower cost, health benefits and lower carbon emissions. Check out this news article to learn about this act and what it is intended to do:
Covers 30% of the cost of the electric bicycle, up to a $1,500 credit
Applies to new electric bicycles that cost less than $8,000
Is fully refundable, allowing lower-income workers to claim the credit
Here's additional information from BikePortland:
This sounds like a great thing!
