Ok here is a sentence from our new state EV tax credit law:
“If the allowable credit exceeds the taxpayer’s tax liability for the tax year, the excess credit will be refunded to the taxpayer.”
So does this mean, in theory, one can have a tax liability of $2k and still get paid $5k by the state for the purchase of a new EV?
Yes, that is what it means.
Is the Colorado EV Tax Credit Refundable?
One common question that many potential EV buyers ask is, “Is the Colorado EV tax credit refundable?” The simple answer is yes, it is. The term ‘refundable’ in a tax context means that if the credit is larger than your income tax liability, the excess can be returned to you as a refund. Therefore, even if you owe no state income tax, you can still benefit from this incentive.
Even the lawmakers in that state are high as fuck allowing this 
So this is the reason CO dealers be gobbling up allocations.
Second place is Cali.
I’m old enough to remember when they were giving like $12k on a Model S purchase when there was still a $7500 EV tax credit on it (pre-200k sales). And they can keep all their ditch weed.
Minimum wage was $8 in 2012? Couldn’t afford one with the McDonald’s salary
PMing Elon we need a wagon for the 
The CO credit is supposed to be $5k but I’m actually seeing many dealers advertise $5600. Anyone know why the addition? Not complaining…
Extra 600 if assigned to the dealer or lender. They can take 250 from that as a processing fee for themselves.
It’s interesting how they put the entire $5600 onto the rebate/discount column though, which I suppose is good. But presumably they try to get some of that back onto their side in the price. 
Yes, 250 for processing. The other 350 stays with the 5000.
Not to beat a dead horse, but the 250 and 350 aren’t technically written anywhere on the lease contract though (unless I’m wrong?). So if the full $5600 is written as a complete incentive discount, then that is what it is (good for consumer). So who’s to say the dealer really just doesn’t want to take the whole extra $600 or even $1000 - either way they’d just have to get clever and have a higher negotiated priced than otherwise I’d think?
Sure, they can inflate the selling price. They still have to follow rebate guidelines. A less educated consumer could leave money on the table.
Every CO dealer I have seen that provides the CO tax credit as a point of sale incentive does $5350.