Minnesota HF2249 modifies the electric-assisted bicycle rebate program and requires a report on its operation.

Minnesota HF2249 amends the electric-assisted bicycle rebate program by changing the allocation of rebate certificates to a first-come, first-served lottery basis. It reserves 40% of certificates for taxpayers with an adjusted gross income below $78,000 for joint filers and $41,000 for others. The bill limits the annual issuance of certificates to $2,000,000 for 2024 and 2025, with any unallocated funds carried over to the next year. Certificates not assigned to retailers within two months of issuance expire and their amounts are added back to the allocation.

Minnesota HF2249 modifies the electric-assisted bicycle rebate program and requires a report on its operation.

Minnesota HF2249 amends the electric-assisted bicycle rebate program by changing the allocation of rebate certificates to a first-come, first-served lottery basis. It reserves 40% of certificates for taxpayers with an adjusted gross income below $78,000 for joint filers and $41,000 for others. The bill limits the annual issuance of certificates to $2,000,000 for 2024 and 2025, with any unallocated funds carried over to the next year. Certificates not assigned to retailers within two months of issuance expire and their amounts are added back to the allocation.