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10% Federal Tax Credit Status

A federal tax credit was available for the purchase of any new street legal 2012 or 2013 Zero (and two 2011 models) purchased in 2012 or 2013. This tax credit and the one for electric motorcycle charging equipment both expired on December 31, 2013.

Zero Motorcycles has been pushing throughout 2013 for an extension to the Federal electric motorcycle tax credit into 2014. On December 19, 2013, a bill was introduced in the US Senate to extend this key tax credit, however based on the current gridlock in Washington DC, there was not an extension of Federal E-Motorcycle Credit in time.

There is a reasonable chance that Congress will pass something later during 2014 and make it retroactive as they have done in previous years, but there are no guarantees. We will continue to work these issues and press for this extension as legislation is considered during 2014 in Congress.

Examples

  • Government tax breaks and credits
  • Special access to parking, lanes and riding areas
  • Free charging stations

Federal Tax Credit Examples

(Please note that tax credits are based on the final bill of sale after any applied discounts)
2013 ModelsRetail PriceFederal Tax Credit
Zero S and Zero DS (ZF11.4)$15,995$1,600
Zero S and Zero DS (ZF8.5)$13,995$1,400
Zero FX (ZF2.8)$9,495$950
Zero XU (ZF2.8)$7,995$800

2012 ModelsRetail PriceFederal Tax Credit
Zero S and Zero DS (ZF9)$13,995$1,400
Zero S and Zero DS (ZF6)$11,495$1,150
Zero XU$7,695$770
Zero X (Street)$9,945$995

2011 ModelsRetail PriceFederal Tax Credit
Zero DS$10,495$1,050
Zero S$9,995$1,000

This is a true tax credit and not a tax deduction. It reduces your tax liability. For example: if you owe $11,000 in taxes, and purchased a $13,995 2012 Zero S ZF9, this credit would reduce your taxes by $1,400 to $9,600. If you are owed a refund by the IRS, your refund will be increased by the amount of the tax credit.

IMPORTANT INFORMATION FOR EXISTING CUSTOMERS WHO PURCHASED IN 2012

This federal tax credit is retroactive for all of 2012, so all customers who purchased one of the product configurations listed above are eligible for the 10% federal tax credit.

As a reminder, these tax credits are based on the final bill of sale price for the motorcycle to the customer (including any configuration accessories and any additional batteries purchased on the same invoice). Cost of the vehicle can be based on the total bill of sale price, less taxes, fees, and registration. If the product was discounted, the tax credit applies to the discounted price.

To ensure eligibility for the 30% federal tax credit on charging equipment, it is recommended that these accessories be purchased on a separate invoice which can be used as documentation for tax purposes.

As with all tax matters, this information does not constitute tax advice, please consult your tax advisor, attorney, or accountant for specific details on how to claim these tax benefits. The IRS has provided forms and instructions for these tax incentives for the 2012 and 2013 tax return seasons. The 2012 IRS form for e-motorcycles is here: http://www.irs.gov/pub/irs-pdf/f8834.pdf. The 2013 IRS form for e-motorcycles is here: http://www.irs.gov/pub/irs-pdf/f8936.pdf. The IRS form for charging equipment for both 2012 and 2013 can be found here: http://www.irs.gov/pub/irs-pdf/f8911.pdf.