Congressmen Propose 30 Percent Income Tax Credit For The Purchase Of An Electric Bike

Jimmy Panetta (D-CA) and Earl Blumenauer (D-OR), both members of the House of Representatives, recently introduced the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act, which among other proposals, would provide purchasers of e-bikes an income tax credit equal to 30% of the c...