Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 23

Thread: For all you E-85 guys, check your state reg for AFV Income Tax Credit. CO is $6,000.

  1. #11
    Banned J. Fast's Avatar
    Join Date
    Sep 2010
    Owner Since
    - O - SIX -

    Location
    Colorado, USA
    Posts
    2,711
    Thanks
    405
    Thanked 200 Times in 140 Posts
    Continued:

    INNOVATIVE MOTOR VEHICLE CREDIT
    Colorado allows an income tax credit to taxpayers who have purchased an alternative fuel vehicle, converted a motor vehicle to use alternative fuel, or have replaced a vehicle’s power source with an alternative fuel power source. To
    qualify, the vehicle must be titled and registered in Colorado. [§39-22-516.5, C.R.S.]

    Innovative Motor Vehicles Definitions; As used for vehicles purchased or converted during tax years beginning on or after January 1, 2012 but prior to January 1, 2016:

    "Actual cost incurred" means the actual cost paid by the purchaser for the vehicle, conversion, or idling reduction technologies. The actual cost paid shall be calculated as the net of any credits, grants, or rebates, including federal credits, grants, or rebates for which the purchaser is eligible, but excluding the credit specified in this section.

    "Alternative fuel" means an alternative fuel as defined in [§25-7-106.8 (1) (a), C.R.S.]

    "Category 1" means a motor vehicle that complies with bin 1 of the federal Tier 2 emissions standards published by the federal Environmental Protection Agency in the federal register at 65 FR 6698 (February 10, 2000), as amended.

    "Category 2" means light duty passenger vehicle diesel-electric hybrids with a minimum fuel economy of seventy
    miles per gallon.

    "Category 3" means light duty passenger vehicle, light duty truck, and medium duty truck diesel-electric hybrid conversions that increase the fuel economy of the original motor vehicle by forty percent or more.

    "Category 4" means light duty passenger vehicle, light duty truck, and medium duty truck compressed natural gas conversions certified by the United States Environmental Protection Agency and original equipment manufacturer compressed natural gas vehicles.

    "Category 5" means any idling reduction technologies.

    "Category 6" means a motor vehicle that complies with bin 2 or bin 3 of the federal Tier 2 emissions standards published by the federal environmental protection agency in the federal register at 65 FR 6698 (February 10, 2000), as amended, with a minimum fuel economy of forty miles per gallon or miles per gallon gasoline equivalent or
    greater.

    “Gross vehicle weight rating” or "GVWR" shall have the same meaning as set forth in §42-2-402 (6), C.R.S.

    “Hybrid vehicle” means a motor vehicle with a hybrid propulsion system that operates on both electricity and an alternative fuel or traditional fuel.

    “Idling reduction technologies” means idling reduction devices or advanced insulation, as those terms are defined in section 4053 of the internal revenue code, as amended, exempt from federal excise tax pursuant to said section 4053.

    “Light duty passenger vehicle” means a private passenger vehicle, including vans, capable of seating twelve passengers or less; except that the term does not include motor homes as defined in [§42-1-102 (57), C.R.S.], or vehicles designed to travel on three or fewer wheels in contact with the ground.

    “Light duty truck” means a truck between zero and fourteen thousand pounds GVWR.

    “Medium duty truck” means a truck with a gross vehicle weight rating greater than fourteen thousand pounds up to twenty-six thousand pounds.

    “Miles per gallon gasoline equivalent” means the standard unit of measure that measures how many miles an alternative vehicle can travel on the equivalent energy of one United States gallon of traditional fuel.

    “Motor vehicle” means any self-propelled vehicle, including a vehicle that uses a hybrid propulsion system, that is:
    (I) Titled and registered in the state; and
    (II) required to be licensed or subject to licensing for operation upon the highways of the state.

    "Plug-in hybrid electric vehicle" means:
    (I) An original equipment manufacturer plug-in hybrid electric vehicle that can operate solely on electric
    power and that is capable of recharging its battery from an on-board generation source and an off-board
    electricity source; and
    (II) A plug-in hybrid electric vehicle conversion that provides an increase in city fuel economy of seventy-five percent or more as compared to a comparable non-hybrid version vehicle for a minimum of twenty miles and that is capable of recharging its battery from an on-board generation source and an off-board electricity source. A vehicle shall be comparable if it is the same model year and the same vehicle class
    as established by the United States environmental protection agency and is comparable in weight, size, and use. Fuel economy comparisons shall be made using city fuel economy standards in a manner that is substantially similar to the manner in which city fuel economy is measured in accordance with procedures set forth in 40 CFR 600, as in effect on August 8, 2005.

    “Power source” means the engine or motor and associated wiring, fuel lines, engine coolant system, fuel storage containers, and miscellaneous components.

    “Traditional fuel” means a petroleum-based motor fuel commonly used on the highways of the state in the year 2008.

    “Uses an alternative fuel" or "to use an alternative fuel" means to operate solely on an alternative fuel, to operate on both an alternative fuel and a traditional fuel, or to operate alternately on a traditional fuel and an alternative fuel.

    Tax Credits for Innovative Motor Vehicles [§39-22-516,.5 C.R.S.]

    For income tax years commencing on or after January 1, 2012, but prior to January 1, 2016, there shall be allowed to any person a credit against the tax imposed by this article, not to exceed $6,000, for each motor vehicle owned by
    such person that:


    (I) uses or is converted to use an alternative fuel;
    (II) is a hybrid vehicle;
    (III) is a plug-in hybrid electric vehicle;
    (IV) has its power source replaced with a power source that uses an alternative fuel; or
    (V) is modified to include idling reduction technology.

    For income the tax years commencing on or after January 1, 2012, but prior to January 1, 2016, there shall be allowed to any person a credit against the tax imposed by this article, not to exceed $7,500, for each motor vehicle owned by such person that is converted to a plug-in hybrid electric vehicle.

    The amount of the credit allowed shall be an amount equal to the percentage as set forth in the following:
    a) The difference between the actual cost incurred by such person during the tax year in purchasing a motor vehicle that uses an alternative fuel and the cost of the same motor vehicle that uses a traditional fuel or, if the same
    vehicle is not available, then the cost of the most similar vehicle, taking into account the model, make, engine size, and options, that uses a traditional fuel;

    b) The difference between the actual cost incurred by such person during the tax year in replacing an existing power source in a motor vehicle that uses a traditional fuel with a power source that uses an alternative fuel and the cost of replacing the existing power source in the motor vehicle with the same type of power source that uses
    a traditional fuel;

    c) The actual cost incurred by such person during the tax year in converting the motor vehicle to a fuel system that uses an alternative fuel;
    d) The actual cost incurred by such person in purchasing idling reduction technologies; or

    e) (I) The actual cost incurred by such person during the tax year in converting a hybrid vehicle to a plug-in hybrid
    electric vehicle.
    (II) Persons who claimed a tax credit in previous years for the purchase of model year 2004 and newer hybrid
    vehicles are eligible to claim an additional credit for the conversion of such a hybrid vehicle to a plug-in hybrid
    electric vehicle.
    Last edited by J. Fast; 04-19-2012 at 08:17 PM.

  2. #12
    Runs on alcohol. The car does too. Not Verified
    Join Date
    Sep 2010
    Owner Since
    1999

    Location
    San Francisco, CA
    Posts
    638
    Thanks
    18
    Thanked 49 Times in 35 Posts
    I don't want to advertise my E85 conversion here in Cali, that's for sure...

    AEM s2 EMS | E316Gs | E85

  3. #13
    Advanced Tech? verified
    Join Date
    Sep 2010
    Owner Since
    2006

    Posts
    938
    Thanks
    159
    Thanked 139 Times in 87 Posts
    IL is gay, to get a tax credit it HAS to be done by a certified shop.
    Maddog Performance Engineering

  4. #14
    Forum User
    Join Date
    Feb 2011
    Owner Since
    2004

    Location
    DFW, TX
    Posts
    41
    Thanks
    0
    Thanked 2 Times in 2 Posts
    J.Fast, having moved to Colorado in the Fall and just bringing my Stealth up here from Texas literally yesterday, I'm very interested in this. Currently, the Stealth is registered and titled in Texas, with no immediate plans to change--it does not (and will not) pass emissions testing in Colorado.

    With that said, and to my understanding, E-85 naturally produces a little bit lower emissions than standard gasoline. So, if I were to convert to E-85 by myself (no shop), slap some stickers on the side and rear of my car to indicate said fuel, and slap a main cat on there (no F/R), I could presumably pass emissions, AND be reimbursed the cost of my conversion (up to $6,000)?

  5. #15
    Banned J. Fast's Avatar
    Join Date
    Sep 2010
    Owner Since
    - O - SIX -

    Location
    Colorado, USA
    Posts
    2,711
    Thanks
    405
    Thanked 200 Times in 140 Posts
    Quote Originally Posted by i3igpete View Post
    IL is gay, to get a tax credit it HAS to be done by a certified shop.
    Illinois reg so states:
    The vehicle conversion must be performed in Illinois either by a qualified business or person located in Illinois
    More...

    What You Need to Submit in your Application for a Conversion Rebate:

    1.A completed Conversion Rebate Application form

    2.A copy of the conversion invoice (if conversion was done by a commercial business) or copies of receipts and invoices for engine components, fuel system, and other relevant items associated with the vehicle conversion.

    Statements or invoices for conversion parts or labor from individuals, and not from a commercial/retail business, are not acceptable. The invoices and receipts need to list or describe the conversion components being purchased and demonstrate “proof of payment.” Acceptable forms of “proof of payment” include a copy of a canceled check (front and back) or the customer purchase invoice stamped as “Paid” or otherwise showing the conversion purchase transaction. Paperwork showing only cost estimates without demonstration that the conversion was purchased or completed is not acceptable.


    3.A copy of the U.S. EPA’s Certificate of Conformity issued by the U.S. EPA’s Office of Transportation and Air Quality or a valid Retrofit System Certification issued by CARB for your conversion system. Be sure to ask the conversion company or system manufacturer for a copy of one of these certificates to show that the conversion performed on your vehicle is certified and meets all federal requirements for conversions. An applicant for an electric vehicle conversion may not need to provide this certificate. However, please call the Illinois EPA if you are interested in an electric vehicle conversion regarding eligibility status of certain types of vehicles.


    4.Completed W-9 Form



    Conversion Rebate Amount

    The Conversion Rebate is for 80 percent of the cost of converting the vehicle (conversion system components and eligible labor costs), up to $4,000. Labor costs are not eligible for individuals converting their own vehicles or other individuals or companies that are not in business to perform vehicle conversions.

    Application Deadline for a Conversion Rebate

    Conversion Rebate applications are due 12 months after the date of conversion system or component purchase. The postmark date must be by the last day of the twelfth month after the purchase date (i.e., a vehicle converted on August 23, 2011 must have its application postmarked by August 31, 2012)

    Timing of Conversion Rebate Issuances

    The Illinois EPA processes Conversion Rebates twice per year - after June 30 and after December 31, depending on funding availability in the Alternate Fuels Fund.
    The certificate of conformity is the actual emissions sniff test BTW.

  6. #16
    Banned J. Fast's Avatar
    Join Date
    Sep 2010
    Owner Since
    - O - SIX -

    Location
    Colorado, USA
    Posts
    2,711
    Thanks
    405
    Thanked 200 Times in 140 Posts
    Alright, so today... I reclassed my car from a gas engine to an ethanol!

    Here's how I did it.

    1) I typed up an E-85 expense sheet listing all of the parts involved with the conversion and made copies of the reciepts.

    2) Went down to the Arapahoe County DMVR headquartes building located in Littleton Colorado with title and registration in hand and pulled a number for Vehicle Title and Registration.

    I went to the counter, explained to the clerk I was wanting to register an AFV conversion. She said, "I need to do a VIN verificarion and inspection". She asked me if I had the vehicle on site, said "sure do." She flipped her sign and said "pull your car up to the front entrance". I went back to my car, pulled around to the front entrance and 4 state DMVR officials were standing there. They looked over my car. One inspector even tested my fuel for Ethanol content right there on the spot. They did a quick VIN Verification and listed the reason for VIN inspection as "Title Correction, Change of Fuel Type" (see VIN verification form).


    The branch manger told me to park and come back to the counter, so I did.

    Came back in and the branch manager asked for my vehicle title and current registration. I surrendered both and he printed a new title and registration which changed the fuel type designation on the title from "G" (which is gas), to "T" (which is ethanol).


    That was pretty cool!

    So new title with the "T" ethanol fuel type designation instead of a "G".

    Last edited by J. Fast; 07-30-2012 at 01:28 PM. Reason: Blacked out Vin and Title Numbers

  7. #17
    Congrats and that is awesome! I'm gonna have to look into this some more!

  8. #18
    1993 rt/tt Not Verified
    Join Date
    Sep 2010
    Owner Since
    2005

    Location
    wa state
    Posts
    813
    Thanks
    82
    Thanked 181 Times in 119 Posts
    Nicely done sir...i shoulda never left Colorado
    if you cant fix it with a hammer...then you have an electrical problem


  9. #19
    Banned J. Fast's Avatar
    Join Date
    Sep 2010
    Owner Since
    - O - SIX -

    Location
    Colorado, USA
    Posts
    2,711
    Thanks
    405
    Thanked 200 Times in 140 Posts
    If anyone needs some help interpreting their states rules and preparing articles required to earn credits I would be more than happy to help you out. I build for a living so everything's about following protcol and subject to interpretation of the rules. Systematic planning, research, attacking tasks and doing so by following constraints is my strong suit. I make accountant's cry and engineer's pull their hair out when I start checking numbers and interpreting rules LOL!

    Cheers Guys!

  10. #20
    Banned J. Fast's Avatar
    Join Date
    Sep 2010
    Owner Since
    - O - SIX -

    Location
    Colorado, USA
    Posts
    2,711
    Thanks
    405
    Thanked 200 Times in 140 Posts
    Ahh, and another thing. The rules do not say you can't use several year old reciepts. They say you have to show proof that it was an expense involved with the conversion and can only expensed once. So if it took you awhile to accumulate parts and then, "one day in 2012 it was all there and you went to the dyno and converted it" then there you go!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
The 3000GT/Stealth/GTO Web History Project
3000gt.com
3000GT / Stealth International WWWboard Archive
Jim's (RED3KGT) Reststop
3000GT/Stealth/GTO Information and Resources
Team 3S
3000GT / Stealth / GTO Information
daveblack.net
3000GT/Stealth/GTO Clubs and Groups
Michigan 3S
MInnesota 3S
Wisconsin 3S
Iowa, Nebraska, Kansas 3S
North California 3000GT/Stealth
United Society of 3S Owners
3000GT/Stealth/GTO Forums
3000GT/Stealth International
3000GT/Stealth/GTO Event Pages
3S National Gathering
East Coast Gathering
Upper Mid-West Gathering
Blue Ridge Gathering