Roth & Company, PC Tax Update Blog

Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

Iowa Film Credits, Take 2

November 24, 2009

After losing his first court battle against a claimant of the Iowa film credits, Attorney General Tom Miller threw in the towel, at least with respect to the 22 or so films already approved for tax credits.

The attorney general is giving up ground he can't hold. It will be more interesting to see if he can hold out against the much larger number of projects that are "registered" for the credits, but whose applications haven't advanced as far as the ones that will now get their $32 million in transferable tax credits from the scandal-plagued program. If not, the $10-per-Iowan cost could soar to $121 per Iowan.

Related: Buy them a Benz and they will come!

Reblog this post [with Zemanta]

Tags: ......

      Bookmark: del.icio.usDiggreddit

TrackBack

TrackBack URL for this entry:
http://www.rothcpa.com/mt/contages.cgi/1272

Post a comment





Email: jkristan@rothcpa.com  •  Phone: (515) 244-0266
All content © Roth & Company, P.C.  •  Powered by Movable Type  •  Site by Sekimori Design