Discussion Starter · #1 ·
It is refundable, as is my understanding. Meaning you do not need to have tax liability more than the rebate like you do for fed credit. I had to stop all fed withholding (claim 10 dependents on W4) in order to get enough liability by the end of the year to get max credit. Rules changed starting in 2017 to make CO credit a flat $5000 rebate for qualified vehicles. It can also be assignable, allowing dealer to take it off the purchase price and they collect it for you. Check address below.