ashp
Posts: 10
Joined: Wed Dec 05, 2012 9:31 am
Delivery Date: 31 Dec 2012

Colorado Tax credit for Nissan leaf lease

Wed Mar 06, 2013 3:16 pm

Anybdy claimed colorado tax credit for Nissan Leaf lease ?
and if so what documentation you submitted ?

mgodfre3
Posts: 7
Joined: Fri Apr 05, 2013 3:19 pm
Delivery Date: 05 Apr 2013

Re: Colorado Tax credit for Nissan leaf lease

Fri Apr 05, 2013 7:03 pm

I also am very curious about the tx credit, is it the full 6000 and what was it on a lease, from what I understand it is prorated for a lease.

User avatar
dgpcolorado
Posts: 2955
Joined: Sat Aug 20, 2011 1:56 pm
Delivery Date: 15 Dec 2011
Location: The Western Slope, Colorado

Re: Colorado Tax credit for Nissan leaf lease

Fri Apr 05, 2013 7:44 pm

No, the tax credit isn't the full $6000 thanks to some weird calculations by the Department of Revenue. Yes, with a lease the amount of the credit is further limited by the capitalized cost of the car during the lease period.

For more information about the Colorado tax credit please take a look at FYI Income 67 Innovative Motor Vehicle and Alternative Fuel Vehicle Credits. If you want to read the actual law check out my post: CRS 39-22-516.5. Tax credit for innovative motor vehicles.

There are a number of Colorado threads that discuss the tax credit subject if you would like to read the previous discussions on the subject.
Blue 2012 SV Dec 2011 to Feb 2016
CPO 2014 Tesla S60 Mar 2016
One car, no ICE, at last!
Tesla Referral Code

mgodfre3
Posts: 7
Joined: Fri Apr 05, 2013 3:19 pm
Delivery Date: 05 Apr 2013

Re: Colorado Tax credit for Nissan leaf lease

Fri Apr 05, 2013 9:08 pm

So reading the form on the 12/12 version of the Innovative Tax Credit FYI Income 67, it says:

For qualifying vehicles leased on or after January 1, 2012, the credit is only available to the lessee and is not allowed to the lessor.

but on the 2/12 form it didnt say this. Has anyone run into this issue on a 2013 lease on a leaf? This would make me not lease the car, unfortunately.

mgodfre3
Posts: 7
Joined: Fri Apr 05, 2013 3:19 pm
Delivery Date: 05 Apr 2013

Re: Colorado Tax credit for Nissan leaf lease

Fri Apr 05, 2013 9:16 pm

never mind, so much legal jargon I became confused as to who was the lessee and the lessor haha.

AndyLL
Posts: 27
Joined: Wed Nov 14, 2012 7:24 pm
Delivery Date: 26 Nov 2012
Leaf Number: 027090
Location: Castle Rock, CO
Contact: Website

Re: Colorado Tax credit for Nissan leaf lease

Tue Apr 23, 2013 10:51 am

So has anyone had their CO taxes processed that had a rebate?

Mine have been sitting there since Feb. They did need proof that I bought my leafs and I sent in my bill of sales in late Feb.

I assume the Leaf rebate triggered a manual review.
WALL-E - 2012 Black Leaf SL
EVA - 2012 Cayenne Red SL
2010 Honda Accord EX-L
2002 Ford F150

cgaydos
Posts: 650
Joined: Thu Mar 07, 2013 6:36 pm
Delivery Date: 21 Nov 2012
Leaf Number: 009493025635
Location: Monument, Colorado

Re: Colorado Tax credit for Nissan leaf lease

Tue Apr 23, 2013 12:55 pm

AndyLL wrote:So has anyone had their CO taxes processed that had a rebate?

Mine have been sitting there since Feb. They did need proof that I bought my leafs and I sent in my bill of sales in late Feb.

I assume the Leaf rebate triggered a manual review.


I didn't get my tax return sent until April 15 so it hasn't been processed yet. However, per their requirement I included a copy of the bill of sale, with the cost and residual very clearly circled, and a copy of the Colorado registration. In retrospect I should have also included a copy of the Excel sheet I used for the calculation just to make it 100% clear.
Red Leaf: 2012 SL, lease, acquired 21 November 2012
Blue Leaf: 2011 SL, purchase (new, was dealer demo), acquired 4 March 2013

Viktor
Posts: 112
Joined: Sun Dec 02, 2012 2:56 pm
Delivery Date: 10 Dec 2012
Location: Centennial, CO

Re: Colorado Tax credit for Nissan leaf lease

Wed Jun 26, 2013 9:40 pm

So - whats the final answer? Whats the rebate for CO on the leased Leaf?

cgaydos
Posts: 650
Joined: Thu Mar 07, 2013 6:36 pm
Delivery Date: 21 Nov 2012
Leaf Number: 009493025635
Location: Monument, Colorado

Re: Colorado Tax credit for Nissan leaf lease

Thu Jun 27, 2013 6:14 am

Viktor wrote:So - whats the final answer? Whats the rebate for CO on the leased Leaf?


The tax credit was renewed and revised, with the changes discussed in this post:

viewtopic.php?f=27&t=12846&p=293036&hilit=colorado#p293036

In short, the purchase credit the LEAF is now more in most cases - now often the entire $6k. The lease credit for the LEAF is less in most cases, but still usually over $1k.

And I did receive my Colorado tax refund from 2012 ... would not have been a refund except for the LEAF lease credit.
Red Leaf: 2012 SL, lease, acquired 21 November 2012
Blue Leaf: 2011 SL, purchase (new, was dealer demo), acquired 4 March 2013

krdtax
Posts: 1
Joined: Tue Jul 09, 2013 6:58 am
Delivery Date: 08 Jul 2013

Re: Colorado Tax credit for Nissan leaf lease

Tue Jul 09, 2013 7:04 am

We own a 2013 Nissan Leaf and are tax professionals who know this credit well. Call Rich at 303-819-5373 to discuss any questions you might have. Our website is www.krdtax.com.

Return to “Mountain USA”