Gov. Culver orders review of Iowa tax credits

AP News
Posted: Nov 19, 2009 5:24 PM

Iowa Gov. Chet Culver is ordering a review of 30 tax credit programs administered by six state agencies to determine if they are meeting goals established when they were enacted.

Department of Management director Dick Oshlo will head a panel made up of the six agency directors. They will hold meetings in Cedar Rapids and Des Moines before issuing a report by Dec. 4.

Questions about Iowa's tax credits arose after allegations that credits offered by the Department of Economic Development to lure moviemakers to the state had been misused and poorly tracked. Culver has suspended that tax credit and Attorney General Tom Miller and Auditor David Vaudt are investigating the film program.