Form DR0617 Innovative Motor Vehicle and Truck Credits - Colorado

What Is Form DR0617?

This is a legal form that was released by the Colorado Department of Revenue - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DR0617?
A: Form DR0617 is a form used in the state of Colorado to claim innovative motor vehicle and truck credits.

Q: What are innovative motor vehicle and truck credits?
A: Innovative motor vehicle and truck credits are tax incentives offered by Colorado to promote the purchase and use of innovative vehicles and trucks.

Q: Who is eligible to claim these credits?
A: Individuals and businesses that purchase or lease eligible innovative vehicles or trucks in Colorado may be eligible to claim these credits.

Q: What are the benefits of claiming these credits?
A: Claiming these credits can help reduce the tax liability of individuals and businesses and encourage the use of innovative and environmentally-friendly vehicles.

Q: What vehicles are eligible for these credits?
A: Eligible vehicles include electric vehicles, plug-in hybrid electric vehicles, fuel cell vehicles, and trucks powered by clean or alternative fuels.

Q: How do I claim these credits?
A: To claim these credits, you need to complete and file Form DR0617 with the Colorado Department of Revenue along with supporting documentation.

Q: Is there a deadline for filing this form?
A: Yes, Form DR0617 must be filed by the due date of the Colorado income tax return, which is typically April 15th.

Q: Are these credits refundable?
A: Yes, these credits are refundable, meaning that if the credits exceed your tax liability, you may be eligible for a refund.

Q: Are there any limitations or restrictions on these credits?
A: Yes, there are limitations and restrictions on these credits, such as maximum credit amounts and specific requirements for different types of vehicles.