HB748 - Electric Power-Assisted Bicycle Rebate Program; created.

2 Co-Sponsors

E-bike rebate program. Creates the Electric Power-Assisted Bicycle Rebate Program for the purchase of new electric power-assisted bicycles, as defined in the bill, to be administered by the Department of Energy. Under the bill, a purchaser of a new electric power-assisted bicycle would receive a $500 rebate applied toward payment for the purchase, and a purchaser with an annual household income that does not exceed 300 percent of the federal poverty level would be entitled to an additional $600 rebate for a new electric power-assisted bicycle. The bill provides for both rebates beginning January 1, 2025. Additional rebates are provided for in amounts of (i) up to $100 for related equipment, (ii) $300 for an electric power-assisted bicycle designed for carrying cargo, defined in the bill, and (iii) $250 for an adaptive electric power-assisted bicycle, also defined in the bill.