It is worth noting that this same scam has been reported in other states.
Making it even incredulous to accept as Oklahoma state officials' claim
it is all a result of unintentional oversights. And tax attorneys finding
surprises.
Noticing that Louisiana's problems were known before Oklahoma's gives rise
to the likelihood, some Oklahoma Flim-Flamers were implementing the same
scheme. Unless, of course one wants to believe, as the Oklahoma officials
would like us to believe that the legislators in all three state experience
the same unintended over sight.
Louisiana discovered its obligations for such credits rose from $17 million to
$340 million in one year, prompting an emergency declaration in 1999, officials said.
An audit of a similar program in Missouri found that $140 million in tax credits was
generated on projects that only generated $23.6 million in projected revenues while
creating an average of 293 projected jobs for 15 years.
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