I am on the cusp of buying a used, 24 kWh LEAF from California before Dec 31 (never registered in Colorado) for my personal use in Colorado, and would like clarity on the available state tax credit.
If e.g. the msrp is $30,000 but my purchase price of the used car is $10,000, what will the state tax credit amount to ?
People have written $6,000 (30000*0.24) since that is the maximum allowed, but my reading of of DR 0617 suggests that I should figure
10,000*0.24 = $2,400.
What is correct ?
Second, I presume that the state tax credit has a maximum amount that may be disbursed each year. How do I find out if money remains for 2016 ?