An investigation of a state tax credit program has been launched after published reports questioned whether a dozen St. Louis firms have been taking advantage of the program without meeting its requirements. The St. Louis Post-Dispatch has published articles indicating it appears the businesses have made phony computer purchases to take advantage of $2-Million in Rebuilding Communities tax credits over the past three years. State Attorney General Chief Counsel Ted Ardini tells the Joint Committee on Tax Policy the office is reviewing the issue. The committee has heard from State Economic Development Director Joe Driskill who says his department is reviewing the program to see if procedures can be improved. He says Governor Bob Holden has also requested the department make a full review of tax credit programs and report to him.
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