IR-2006-109, July 11, 2006
WASHINGTON — The Internal Revenue Service has acknowledged the certification by American Honda Motor Company, Inc., that two of its vehicles powered by compressed natural gas (CNG) meet the requirements of the Alterative Motor Vehicle Credit enacted by the Energy Policy Act of 2005.
The certification meets the requirements of IRS Notice 2006-54 qualifying the vehicles as Qualified Alternative Fuel Motor Vehicles (QAFMV). Honda Civic GX Model Years 2005 and 2006 are only capable of operating on compressed natural gas.
The vehicle certifications recently acknowledged by the IRS and their credit amounts are:
Honda Civic GX Model Year 2005 $4,000.00
Honda Civic GX Model Year 2006 $4,000.00
The qualified Alternative Fuel Motor Vehicle Credit was enacted by the Energy Policy Act of 2005 as part of the Alternative Motor Vehicle Credit. The new credit includes separate credits for four distinct categories of vehicles: (1) fuel cell vehicles, (2) advanced lean burn technology vehicles, (3) hybrid vehicles, and (4) alternative fuel vehicles.
Notice 2006-54 provides procedures for manufactures to certify vehicles as Qualified Alternative Fuel Motor Vehicles. Notice 2006-9 provides procedures for manufacturers to certify vehicles as Qualified Hybrid Vehicles.