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"I wanna stop you and have you go through it line by line that's how egregious this is," said State Senator Mike Bell.
The investigation by the State Comptroller details several issues with the program that began in 2006.
Auditor Vincent Finamore says the former administrators of the program, including former Revenue Commissioner Reagan Farr, didn't make sure the companies they were giving money to were actually based in Tennessee.
"Resulting in possibly the inappropriate refund of $7,536,498 in tax revenue," said Finamore.
Finamore says that's just the beginning too.
His office reviewed the program's work from 2006 to 2011 and found it gave money to 3 film projects with ties to the program's former Executive Director's spouse.
That's along with thousands of problems with expenses productions listed to qualify for incentive money.
Finamore detailed one memorable one.
"The allowance of the full retail price of a pick up truck for a film that had a 31 day production time," said Finamore.
The State Comptroller says it all adds up to wasted taxpayer money and it's unknown if Tennessee is going to be able to get any of it back.
The State Department of Economic and Community Development says it started making changes last year to address the concerns in the audit.
"Our department has worked aggressively since early 2012 when the Comptroller's staff shared preliminary audit details with the ECD to reform the state's film incentive program. That reform included working with legislative leaders to repeal the film tax credit last year. ECD has also hired an outside audit firm with expertise in the entertainment industry to audit more than a dozen different productions that were awaiting approval in early 2012," said Clint Brewer, assistant commissioner communications.
Monday, January 28 2013, 09:49 PM CST
Tishomingo County voters OK beer, alcohol sales
May 22, 2013 23:38 GMT
IUKA, Miss. (AP) -- Tishomingo County is the latest Mississippi jurisdiction to legalize alcohol sales.
Voters approved the sale of liquor, wine and beer Tuesday, reports the Northeast Mississippi Daily Journal (http://bit.ly/13JCcix).
It wasn't clear referendums would pass until affidavit ballots were counted Wednesday.
With more than half Tishomingo County's voters casting ballots, legalizing alcohol passed by 42 votes, while legalizing beer and light wine passed by 73. The county borders Alabama and Tennessee.
Lawmakers legalized liquor at a proposed resort at the county's Bay Springs Lake in 2010, but it wasn't built.
Greene County voters legalized beer sales last year, while Corinth, New Albany and Senatobia have legalized alcohol sales under a 2012 law that allows cities to hold votes.
Mississippi has 13 remaining counties that allow no beer or alcohol sales.
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
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