SB2015 - ELECTRIC VEHICLE REBATE-BIKES

2 Co-Sponsors

Amends the Electric Vehicle Rebate Act. Provides that, beginning July 1, 2024, and continuing as long as funds are available, a person may apply for a rebate in specified amounts following the purchase of an electric bicycle in Illinois. Prohibits the rebate amount from exceeding the purchase price of the electric bicycle. Contains eligibility requirements. Requires a person who is awarded a rebate to retain ownership of the electric bicycle for a minimum of 12 consecutive months. Provides that a person may apply for and receive a rebate only once in a 10-year period and that only one rebate may be awarded per person per electric bicycle. Contains other provisions.