1. Short title This Act may be cited as the Electric Bicycle Incentive Kickstart for the Environment Act or as the E-BIKE Act . 2. Credit for certain new electric bicycles (a) In general Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section: 36C. Electric bicycles (a) Allowance of credit In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent of the cost of each qualified electric bicycle placed in service by the taxpayer during such taxable year. (b) Limitations (1) Limitation on cost per bicycle taken into account The amount taken into account under subsection (a) as the cost of any qualified electric bicycle shall not exceed $5,000. (2) Limitation on number of bicycles In the case of any taxpayer for any taxable year, the number of qualified electric bicycles taken into account under subsection (a) shall not exceed the excess (if any) of— (A) 1 (2 in the case of a joint return), reduced by (B) the aggregate number of qualified electric bicycles taken into account by the taxpayer under subsection (a) for the 2 preceding taxable years. (3) Phaseout based on income (A) Phaseout based on modified adjusted gross income The credit allowed under subsection (a) shall be reduced by $100 for each $1,000 (or fraction thereof) by which the taxpayer’s modified adjusted gross income exceeds— (i) $300,000 in the case of a joint return or a surviving spouse (as defined in section 2(a)), (ii) $225,000 in the case of a head of household (as defined in section 2(b)), and (iii) $150,000 in the case of a taxpayer not described in clause (i) or (ii). (B) Special rule for modified adjusted gross income taken into account The modified adjusted gross income of the taxpayer that is taken into account for purposes of subparagraph (A) shall be the lesser of— (i) the modified adjusted gross income for the taxable year with respect to which