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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
State officials to hold seat belt campaign event
May 24, 2013 08:11 GMT
SPRINGFIELD, Tenn. (AP) -- The Governor's Highway Safety Office plans to announce its "Click It or Ticket" campaign on Friday.
The event is scheduled to take place at 1 p.m. at the Robertson County Courthouse in Springfield.
Nationally, statistics show seat belt use increased significantly in 2012 as compared to 2011 among drivers, right-front passengers and backseat occupants.
However, officials say more than 400 of Tennessee's crash fatalities last year involved unrestrained drivers or passengers.
The Governor's Highway Safety Office urges all motorists to buckle up.
Asia stocks extend losses after big sell-off
BANGKOK (AP) -- Asian stocks continued to retreat today after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.