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May 29, 2003 <br /> <br />Mr. William R. Gerow <br />Coming Incorporated <br />One Riverfront Plaza <br />MP-HQ E2-11 <br />Coming, NY 14831-0001 <br /> <br />Re: CORNING INC. <br /> Account # 165932( <br /> <br />Dear Mr. Gerow: ] <br /> <br />A limited scope review v~th respect to certain taxpayer submitted documentation was <br />performed for the 2002 a~d the 2003 tax years. Our review has resulted in additional <br />assessment(s) as shown l~elow. <br />The discovery relates spe~Cifically to tangible personal property under construction (CIP) <br />that is located in Cabar~s County. Workpapers establishing the assessed value(s) are <br /> <br />enclosed for your review. <br /> <br />The result of our finding is <br /> <br /> Tax Year <br /> 2003 <br /> 2000 <br /> <br />ias follows: <br /> <br /> 'Assessed Value Statutory Penalty <br /> $28,995,252 0% <br /> $34,112,062 10% <br /> <br />As provided in' North Ca/ ina G.S. 105-312, as amended, these values and penalties <br />will become final unless ~ritten exception thereto is filed with the Assessor within 30 <br />days from the date of this ~otice. <br />Sincerely, t <br /> ! <br /> <br />Rick Parker ! <br />Tax Auditor ~' <br /> <br />Enclosure <br /> <br />cc: Dawn McHale, Tax Adf <br /> William H. Koud, Jr., AL <br /> <br />~inistrator <br />:lit/Business Personal Property Manager <br /> <br /> <br />