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COMMISSIONER OF TAXATION & FINANCE TO HOLD OPEN MEETING

State Taxation & Finance Commissioner Arthur J. Roth will hold an open meeting on Tuesday, November 9, 1999 at 9:00 a.m. at his office, second floor, Building 9, State Campus, Albany, New York.  The Commissioner will consider the following regulations:

1. Emergency adoption and proposal of amendments to the Cigarette Tax regulations to implement requirements imposed upon the Department of Taxation and Finance by provisions of the Tobacco Escrow Funds Act.
    
2. Proposed amendments to the Fuel Use Tax regulations to set the sales tax component and the composite rate per gallon of the Fuel Use Tax on motor fuel and diesel motor fuel for the first quarter of 2000.  This proposal also reflects the aggregate rate per gallon for purposes of the joint administration of the Fuel Use Tax and Article 13-A carrier tax.
    
3. Proposed amendments to Section 19-2.3 of the Franchise Tax on Banking Corporations regulations to eliminate the requirement that a taxpayer making the election to use the International Banking Facility (IBF) formula allocation method must do so within 45 days of the beginning of the current taxable year.
    
4. Approval and issuance, pursuant to Section 204 of the State Administrative Procedure Act, of a declaratory ruling regarding whether a mortgage recording tax is due on the recording of a modification and extension agreement relating to a previously recorded credit line mortgage.

The meeting will be held in a room accessible to individuals with mobility impairments.   If you plan on attending or require any accommodation due to a disability, please contact Karen McCarthy-Townsend, Assistant to the Commissioner for Regulatory Affairs, at (518) 457-3292 before 5:00 p.m. Monday, November 8, 1999.