Tuesday, September 22, 2009

Scandal in Iowa

Hollywood in Iowa--the tax credit fiasco (Iowa Gov. Chet Culver is a Democrat--I mention this because the LA Times neglects to):
The program is the nation's most generous, with a rebate to filmmakers of up to 50% of what they spend. But Culver called a timeout last week, suspending the program and putting a halt on all reimbursements to film production companies. The reason: An internal audit found a number of, well, discrepancies, including using tax credits to pay for luxury vehicles that filmmakers never used in their movies.

I can just hear the film execs now: "Aren't all farmers rich because of ethanol? We really thought that Mercedes would bring authenticity to the shoot."
Coralville Courier here.

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