Iowa Releases Film Office Investigation Report

Iowa’s Auditor of State David A. Vaudt today released a report on a special investigation of the Iowa Department of Economic Development Film Office and the Film, Television and Video Production Promotion Program (Program) for the period May 17, 2007 through September 21, 2009. See the report below. Vaudt reported the special investigation identified $25,576,300.50 of tax credit certificates which were improperly issued for the 22 projects. Of this amount, expenditure tax credit certificates totaled $15,155,399.06 and investment tax credit certificates totaled $10,420,901.44. See report