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 the official form used in 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 credits that are available to individuals and businesses in Colorado for purchasing or leasing qualified electric, plug-in hybrid, and alternative fuel vehicles.

Q: Who can claim innovative motor vehicle and truck credits?
A: Both individuals and businesses in Colorado can claim these credits, as long as they meet the eligibility criteria.

Q: What vehicles qualify for these credits?
A: Qualified vehicles include electric vehicles, plug-in hybrid electric vehicles, and vehicles that run on compressed natural gas, liquefied natural gas, liquefied petroleum gas, hydrogen, or any combination of these fuels.

Q: How much is the credit amount?
A: The credit amount varies depending on the type of vehicle and its battery capacity. It can range from $2,500 to $6,000 for passenger vehicles and from $10,000 to $20,000 for trucks.

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

Q: Is there a deadline for claiming these credits?
A: Yes, the credits must be claimed within 6 months from the date of purchase or lease of the qualified vehicle.

Q: Are there any limitations or restrictions on these credits?
A: Yes, there are certain limitations and restrictions, such as a maximum credit amount per vehicle and a maximum credit amount per taxpayer.