CBS 2 - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

IA Settles Portions of Film Lawsuit

DES MOINES, Iowa (AP) -- Iowa has settled a portion of a lawsuit by a Rhode Island man who says the state cost him millions of dollars when it ended its film tax credit program in 2009.
   The state has agreed to pay $225,000 to financiers of the movie "2001 Maniacs: Field of Screams." The settlement partially resolves the lawsuit filed for Anthony Gudas, of Providence, R.I. He says his company invested in four film projects based on state contracts, but the tax credits were never paid.
   The lawsuit over the three other film projects continues.
   The film tax credit program was halted after a state audit uncovered $26 million in credits that were improperly issued by the Iowa Department of Economic Development. Seven people eventually were convicted.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Advertise with us!
Brought to you by:
Brought to you by:

Washington Times

Sponsored content