Tax Information

Business taxpayers may be allowed to expense up to $250,000 (FY 2009) for business equipment according to Internal Revenue Code 179 (IRS 179). Customers who purchase a new or pre-owned Butler System, van, cube van or truck may be entitled to deduct the entire cost of the Butler System and vehicle as an expense in the first year of ownership. *

It is our understanding that the cost of fuel is a 100% tax deductible expense when a van or truck is used for business. Also, a federal fuel tax credit of $.183 per gallon for gasoline and $.243 for diesel fuel (refer to IRS Form 8849, Schedule 1) may be claimed when a commercial vehicle is used off-highway for business, such as, when the Butler System is in operation. A state fuel tax credit/deduction may also be claimed, in most states, when the vehicle is used off-highway for business. *

Information on federal fuel tax credits and refunds can be obtained from IRS publication 510. Consult your state taxing authority for information regarding your particular state's relevant refunds, credits or deductions. Information regarding the Internal Revenue IRC 179 may also be found on the Internal Revenue website IRS.gov.

*The Butler Corporation recommends consulting a tax professional for the tax advantages that specifically pertain to you.