HIGHLIGHTS OF THIS ISSUE

These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.

INCOME TAX

Notice 99–18, page 4. Credit for producing fuel from a nonconventional source, section 29 inflation adjustment factor and ref- erence price. This notice publishes the nonconventional source fuel credit, the inflation adjustment factor, and the reference price under section 29 of the Code for calendar year 1998. This data is used to determine the credit allowable on fuel produced from a nonconventional source.

EMPLOYEE PLANS

Rev. Proc. 99–23, page 5. Qualified plans; remedial amendment period. This procedure extends the remedial amendment period under section 401(b) of the Code for amending qualified plans within the meaning of section 401(a) or 403(a) for changes in the qualification requirements made by the Small Business Job Protection Act of 1996 and other recent legislation. In addition, this procedure extends the remedial amendment period for amending governmental and nonelecting church plans for the Tax Reform Act of 1986. Rev. Procs. 89–9, 89–13, section 13 of 93–39, 95–12, 97–41, and 98–14, modified. Notices 92–36, 96–64, 98–39, 98–52, and 99–5, modified.

EXEMPT ORGANIZATIONS

Announcement 99–45, page 12. The Abraham Lincoln Opportunity Foundation, Pine Mountain, GA, no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.

EXCISE TAX

Announcement 99–40, page 10. This announcement describes provisions that will be included in the final kerosene tax regulations.

ADMINISTRATIVE

Notice 99–19, page 4. Accounting periods; changes. This notice invites public