
DR 0617 (08/30/13) COLORADO DEPARTMENT OF REVENUE Denver, CO 80261 - 0005 *130617 19999* Innovative Motor Vehicle Credit Tax Year 2013 See page 3 for instructions Use this form to claim innovative.
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How to fill out the Dr 0617 online
Filling out the Dr 0617 form can help individuals claim credits for innovative motor vehicles. This guide provides clear, step-by-step instructions to assist you in completing the form accurately and efficiently.
Follow the steps to successfully complete the Dr 0617 form.
- Press the ‘Get Form’ button to obtain the document and open it in your preferred online editor.
- Begin with Part 1, Vehicle Information. Enter the model year, make, model, and vehicle identification number (VIN) for the vehicle you are claiming the credit for. Record the date of purchase, lease, or conversion and select the appropriate option indicating whether the vehicle was purchased new, purchased used, leased, or converted.
- In Part 2, General credit calculation for vehicle purchase, enter the incremental price difference or conversion cost, which is detailed in the instructions. Record any federal credits or additional grants/credits that apply to your situation.
- If the vehicle was purchased used or leased, complete lines 12 through 14 to calculate the necessary values. If it was purchased new, skip to line 15 and enter 1.00.
- Proceed by calculating the adjusted incremental price difference by completing the remaining fields in Part 2.
- If applicable, fill out Part 3 for alternate credit calculations specifically for electric and plug-in hybrid electric vehicles. Provide the necessary MSRP or used vehicle costs, and complete lines regarding federal credits and rebates.
- Similarly, if applicable, go to Part 4 for alternate credit calculations for conversions and CNG or LPG vehicles. Again, provide the relevant vehicle costs and federal credits.
- Finally, in Part 5, Allowable Credit, calculate the maximum allowable credit based on the results from previous steps and enter the appropriate amounts.
- After filling out all required fields, review your entries for accuracy. Users can then save changes, download, print, or share the completed form as needed.
Complete your Dr 0617 form online and take advantage of available innovative motor vehicle credits today.
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Get answers to your most pressing questions about US Legal Forms API.
Does Colorado offer tax credit for electric cars?
Tax credits are available in Colorado for the purchase, lease and conversion of light, medium and heavy duty alternative fueled vehicles (electric/EV, plug-in hybrid or PHEV, compressed natural or CNG, liquefied natural gas or LNG, liquefied petroleum gas or LPG, and hydrogen.)
What form is vehicle energy credit?
Filing IRS Form 8936 with your taxes allows you to claim a tax credit for purchasing an electric plug-in vehicle. This tax credit is intended to make buying an electric vehicle (EV) more affordable. The credit ranges from $2,500 to $7,500, depending on the capacity of the electric battery.
What is the Colorado state tax form called?
co form 104. colorado 104 form. colorado state income tax forms. co 104. colorado 104.
What is a 8834 tax form?
Use this form to claim any qualified electric vehicle passive activity credits allowed for the current tax year.
What is innovative motor vehicle credit?
Colorado allows innovative motor vehicle and innovative truck credits for the purchase, lease, or conversion of motor vehicles, trucks, and trailers that use certain alternative fuels. A motor vehicle, truck, or trailer must be titled and registered in Colorado to qualify for the credit.
What documentation is needed for EV tax credit?
To claim the EV tax credit, you need to purchase a qualifying electric vehicle, obtain a letter of certification from the dealership, fill out IRS Form 8936, and look for state rebates and credits.
How do I find my Colorado Department of Revenue account number?
Correspondence from the Department of Revenue The Colorado Account Number is listed on all letters that have been sent by the Colorado Department of Revenue. The CAN is listed on the right side of the letter with the word "Account."
What tax form do I need for electric vehicle credit in Colorado?
To get the Colorado EV tax credit, you'd need to provide a copy of your purchase agreement and fill out Form DR 0617 when you file your taxes with the state of Colorado. These documents would be necessary for each EV you claim on your return.
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