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Baytech Systems Qualify for Maximum IRS Credits

Thursday, 02 August 2007

US alternative fuel conversion system developer, Baytech Corporation has successfully submitted a certification to the Internal Revenue Service (IRS) for a wide range of 2004-2007 medium and heavy-duty conversion systems, requesting that they should qualify for the maximum amount of tax credit, i.e., 80 percent of the incremental price.  The IRS has now responded in agreement with Baytech’s request.

IRS stated in their response, “We have determined that a purchaser of this Qualified Alternative Fuel Motor Vehicle may rely on the certification concerning the vehicle’s qualification for a Qualified Alternative Fuel Motor Vehicle Credit.  The fuel credit amount for these vehicles are $8,000, $20,000 and $32,000, respectively … It is available to qualifying purchasers.” 

For more information or for a list of the Baytech systems that qualify for the maximum credit, contact Richard Turner at 650/949-1976 or rpturner@baytechcorp.com

Source: NGV Global