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 form used to claim the innovative motor vehicle and truck credits in the state of Colorado.

Q: What are the innovative motor vehicle and truck credits?
A: The innovative motor vehicle and truck credits are incentives offered by the state of Colorado to encourage the use of electric and other environmentally-friendly vehicles.

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

Q: What vehicles are eligible for these credits?
A: Eligible vehicles include electric vehicles, plug-in hybrid electric vehicles, and certain heavy-duty trucks that meet specific criteria.

Q: How much can be claimed as credits?
A: The amount that can be claimed as credits varies depending on the type of vehicle and its battery capacity. The credits may range from a few hundred dollars to several thousand dollars.

Q: How can I claim these credits?
A: To claim the innovative motor vehicle and truck credits, you must complete and submit Form DR0617 along with your Colorado state tax return.

Q: Is there a deadline for claiming these credits?
A: Yes, the deadline for claiming these credits is the same as the deadline for filing your Colorado state tax return.

Q: Are these credits refundable?
A: Yes, if the amount of credits claimed exceeds your tax liability, you may be eligible for a refund.

Q: Can I claim these credits if I purchased a used electric vehicle?
A: No, these credits are only available for the purchase or lease of new electric and other eligible vehicles.