DR 0619: Assigned Innovative Motor Vehicle and Truck Credits and Electric Bicycle Credit Reconciliation Schedule (2024)
Colorado · Colorado DOR · Used for tax years 2024
Colorado Form DR 0619 is a schedule for calculating assigned innovative motor vehicle and truck credits and the electric bicycle credit for qualified retailers. It reports assigned credit amounts or qualifying electric bicycle sales, adjusted for returns, canceled sales, and othe
Who files this form
For tax year 2024, DR 0619 must be completed by:
- Motor vehicle dealers and financing entities that were assigned innovative motor vehicle or innovative truck credits. Complete Section A.
- Qualified retailers selling electric bicycles. Complete Section B.
Do not use this schedule to claim a credit for a vehicle or bicycle you purchased. If you purchased a qualifying vehicle and did not assign the credit to the dealer or financing entity, complete DR 0617 and submit it with your return instead. Electric bicycle purchasers cannot claim the electric bicycle credit unless they are qualified retailers.
What you'll need
Have the following information available to complete DR 0619:
- Your name and taxpayer identification number as shown on your Colorado income tax return. Individuals use an SSN or ITIN. Estates, trusts, partnerships, S corporations, and C corporations use an FEIN or CAN.
- For Section A, your quarterly DR 0618 vehicle credit assignment reports, including amendments, and the assigned credit amounts from your DR 0618 forms.
- For Section B, your quarterly electric bicycle sales and returns reports showing qualified sales, returns, canceled sales, and other reductions.
Keep executed DR 0618 forms in your records in case the department requests them or audits your return. Dealers and financing entities do not need to submit DR 0618 with their return or prepare or submit DR 0617 to claim assigned credits.
How to file
Submit DR 0619 with your Colorado income tax return.
- Enter your name and taxpayer identification number as shown on your return.
- For Section A, enter the total assigned credits on line 1, including additional credits and administrative fees resulting from the assignment. The total must match the aggregate of lines 2 and 3 of the DR 0618 forms reported in columns Q and R of your quarterly reports, including amendments. Exclude canceled sales. Copy line 1 to line 3.
- For Section B, enter the number of reported qualified bicycle sales on line 5 and returns, canceled sales, and other reductions on line 6. Subtract line 6 from line 5 to complete line 7. Multiply line 7 by $500 for line 8, then copy that amount to line 10.
- Transfer the sum of lines 3 and 10 to the applicable return line:
- Individual return: DR 0104, line 29.
- Fiduciary return: DR 0105, line 34.
- Partnership and S corporation return: DR 0106, line 26.
- C corporation return: DR 0112, line 42.
Lines 2, 4, 9, and 11 are reserved for future use.
Common mistakes
- Using DR 0619 as a purchaser. This schedule is not for claiming a credit for a vehicle or bicycle you purchased. A qualifying vehicle purchaser who did not assign the credit must use DR 0617 instead.
- Claiming an electric bicycle credit without being a qualified retailer. A bicycle purchaser cannot claim the credit even if the retailer failed to provide a discount.
- Including canceled vehicle sales. Do not include canceled sales in Section A, line 1.
- Failing to account for bicycle returns or canceled sales. No credit is allowed for a returned bicycle or canceled sale. Report these and other reductions on line 6.
- Counting bicycle sales without the required discount. For each sale included on line 5, the retailer must have provided a discount at the time of sale equal to the lesser of $450 or the bicycle's purchase price.
- Discarding executed DR 0618 forms. Keep them in your records even though they are not submitted with your return.
Questions people ask
Do I need to attach DR 0618 to my income tax return?
No. Motor vehicle dealers and financing entities do not need to submit DR 0618 with their return. Its data must be reported quarterly, and the executed forms must be kept in their records.
Where can I review the totals reported to the department?
You can log in to your Revenue Online account to review assigned vehicle credit totals and electric bicycle sales and reduction totals according to the department's records.
How is the electric bicycle credit calculated?
Subtract the returns, canceled sales, and other reductions on line 6 from the qualified sales on line 5. Multiply the result by $500, then copy that credit amount from line 8 to line 10.
Can I claim the electric bicycle credit if the retailer did not give me a discount?
No. If you are not a qualified retailer, you cannot claim the credit, even if you bought a qualified electric bicycle and the retailer did not provide a discount.