When you choose Bio Tech, Inc. you are choosing an efficient, cost effective solution to your Oil and Gas & Wastewater problems. Microbial treatments are widely recognized as a lower cost alternative to conventional treatments.  
 

Federal and State Tax Incentives

There are lucrative federal and state tax incentives available for using Bio Tech’s microbial technology. Independent and major oil companies are currently using Bio Tech as a cost-effective answer means for tertiary recovery (MEOR).

State Tax Incentives

The followings states have utilized the tax incentive program:

Alabama, Arkansas, Colorado, Florida, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Oklahoma and Texas.

Contact a Bio Tech representitive to find out accurate and up-to-date tax incentives offered by your state for recovery projects.

Potential Federal Tax Incentives

The federal tax credit is a 15% tax credit for certain costs and expenses in the field. The three categories of this credit are:

1. Tangible property - 15% of any amount paid or incurred during the taxable year for tangible property that is necessary to the completion of the project. This includes pumping units, rods, tubing, heater treaters, WKO's, etc.
2. Intangible drilling and development costs - 15% of the cost to drill a producer, injector, supply well, etc.
3. Injectant expense - 15% of expenses related to the injectant.

This includes:

• 15% of Bio Tech's cost
• expenses related to injected water, electrical costs for submersible pumps,injection pumps, etc.)