Like the 1,000s of other pages of evidence uncovered and descriptions of crimes on this site, this web page is only one part of a massive multi-state entanglement of government corruption and cover-up. See size
State officials are defying this law by refusing to release complete details of the tax credit program.
State officials in direct defiance of the Taxpayer Transparency Act caved in to special interest and delayed providing the public access to the very tax credits discussed on this Website while they move to amend the law to permanently block revealing tax credit information.
This action has all the markings of a cover-up and goes unchallenged by the media.
Here is the way blocking worked.
1. Officials used the excuse that only tax credits issued an approval after the "Taxpayer Transparency Act" went into effect on November 1, 2007 should be revealed to the public. Yet they only applied this principle to tax credits issued under the Capital Formation Incentive Act, just one of many programs using tax credits. Information from previous years is reported on all other state financial data.
2. Officials claim: The need to protect investors personal identities, which is only a very small part of the body of financial data related to the "Capital Formation Incentive Act" funding.
A. The total body of tax credit financial data contains very little private personal data. The rest contains the program wide information that would allow the public to clearly understand the costs, how the money was being spent and the success of the program.
B. Except for SSNs personal privacy is released recipients of all other programs, including winners of the lottery.
C. Potential investors would be reluctant to invest. An argument totally opposite of what evidence demonstrates -
Those opposing release of information related to the infamous tax credit abuse claim the Taxpayer Transparency Act only authorizes the release of personal investor information gathered after the act went into effect November 1, 2007. First and foremost the Taxpayer Transparency Act does not require the release of personal investor information. Only information about the venture Capital companies and the ventures. -
This is an act of making a false claim by misrepresenting the act to delay any reporting until state lawmakers can meet and prevent any disclosure. Even if that claim were true it would still be the equivalent of amputating an arm to cure a scratched finger where a simply band aid is more than adequate. Private information is but a very small fraction of the total body of information about the program. Examples,
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