New York Times

October 21, 2003

U.S. Nears Decision on Tax Credits for Producers of Synthetic Fuels

By LYNNLEY BROWNING

The Internal Revenue Service is moving closer to a decision on how it will allow producers of coal-based synthetic fuel to continue to qualify for tax credits totaling billions of dollars.

Yesterday, lawyers for several synthetic fuel producers met with Emily Parker, the I.R.S.'s acting chief counsel, and urged her to quickly resolve its questions about the industry, according to several people who were briefed on the meeting. They said that lawyers had made progress but declined to be more specific.