CO HB1332

Modifies income tax credits for alternative fuel motor vehicles and innovative trucks, establishing specific dollar amounts that phase down from 2017 through 2021 before credits expire December 31, 2026.

Allows purchasers or lessees of eligible Category 1, 1A, and truck categories (4, 4A, 4B, 4C, 7, 7A, 9) to assign tax credits to financing entities, with financing entities compensating purchasers for the full credit value minus an administrative fee not exceeding $150.

Requires taxpayers claiming credits to provide vehicle identification numbers to the Department of Revenue for tracking purposes beginning in tax year 2017.

For tax years 2017-2022, establishes tiered credit amounts for motor vehicles ranging from $1,500 to $20,000 depending on vehicle type and whether purchased or leased.

Appropriates $37,038 to the Department of Revenue for 2016-17 state fiscal year to support system maintenance and administration of the tax credit program.