Penalities and Recapturing nothing
  Main Site Home Site Maps Those involved Blog & Articles Scams & Frauds General Search this site  
 

Recapture (Clawback) and Penalties for Wrong.

Originally intended to recovery the amount in tax credits when a violation was uncovered. But, later amendments have essentailly watered down or removed any from of punishement.

In the event of violations

Of particular note is language included in the 2006 changes that specifically allows those caught violating the law to take tax credits are entitled to keep all ill-gotten tax credits. Section 22.G

Yet harsh penalities are provided for any who reveal public information to the public.

Jail time for disclosing public information. Section 1.C.27 & G

Other related language

Money and benefits previously received that are taken back due to specially arising circumstances, but not for violations. Section 2.B.2.d

Toothless penalties for wrongful acts by Venture Capital Company. Section 4.C

Toothless penalties for tax credit users. Section 4.G

Toothless penalties for tax credit users. Section 26


Copyright 2007 - 2012 Prowling Owl
The Prowling Owl is dedicated to exposing public corruption, fraud, scams, embezzlement, and such. Any questioning the validity or accuracy of information on this Website should be provided with clear and consise specificity regarding information in question and evidence. The Prowling Owl will take appropriate action. Correcting any information demonstrate to be inaccurate or invalid.
Email: ProwlMaster@prowlingowl.com