Friday, September 3, 2010

Des Moines TV-5 (ABC) Movie Article

By James Swierzbin, ABC 5 News Reporter
Film Credits Start Flowing Again

Iowa's venture into movie tax credits has been in limbo for a year, but now two films have received credits using the state's new system.

The credit application system has been given an overhaul since it was halted last September, beefing up oversight and making the system clearer for movie makers.

The biggest difference is that any credit application handed in by a film production will now be audited by both the Department of Economic Development, and the Department of Revenue.

Now that two movies have cleared through this new process, others that have already been approved, may soon follow.

Besides those already in production, 30 other projects not yet in development could receive credits. Although only projects that were approved before the programs suspension will be eligible, to get money back from the state.

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