Posted 29 November, 2009 in IA News
IOWA (as advised by Incentives Office) – has lifted its suspension of the Film Promotion Tax Credit Program, but only for projects previously submitted by producers. This includes the 28 films that have received contracts, plus an additional 105 films that have applied. No new applications will be accepted until after the Governor and legislature have had a chance to evaluate the program. Tom Miller, the attorney general, stated the formula used for awarding the tax credits was not properly administered, and the rate was never 50%. More details to follow.
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