July 13,2000

Taxation Subcommittee to Hold Hearings on Transportation Energy and Land Conservation Tax Issues

Hearings July 18 and July 25

WASHINGTON -- Senate Finance Committee Chairman William V. Roth, Jr. (R-DE) today announced that the Subcommittee on Taxation and IRS Oversight, under the Chairmanship of Senator Hatch (R-UT), will hold two hearings in July relating to transportation energy and land conservation tax issues.

The Subcommittee will meet on Tuesday, July 18, 2000, at 10:00 a.m. in 215 Dirksen Senate Office Building to hear testimony on federal income tax issues relating to proposals to lower U.S. dependency on foreign oil used in transportation fuels. The Subcommittee will review a variety of legislative proposals including tax incentives to promote the use of alternative fuel vehicles and to increase domestic oil production.

The Subcommittee will also meet on Tuesday, July 25, 2000, at 10:00 a.m. in 215 Dirksen Senate Office Building to hear testimony on federal income tax issues relating to proposals to encourage the creation of public open spaces in urban areas and the preservation of farm and other rural lands for conservation purposes. The Subcommittee will review a variety of legislative proposals.

Witness lists for the hearings will be provided at a later date.

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Written Statements: Any individuals or organizations wanting to present their views on these hearings to the Committee are urged to submit a typewritten, single-spaced statement, not exceeding 10 pages in length, for inclusion in the hearing record. The date and subject of the hearing must appear on the first page of the statement. Five copies of the statement should be mailed to the Editorial Section, United States Senate, Committee on Finance, Washington, D.C. 20510, and also to David Podoff, Minority Staff Director, United States Senate, Committee on Finance, Washington, D.C. 20510. Statements must be received no later than noon on Friday, July 14, 2000, for the July 18 hearing and no later than noon on Friday, July 21, 2000, for the July 25 hearing. Written statements must also be submitted on diskette in a format that can be read by personal computers (plain ASCII text is preferred; other formats will be accepted -- please identify format).