[luau] Act 221

[Vince Hoang]

On Fri, Apr 25, 2003 at 12:44:44PM -1000, Maddog wrote:
> First of all you have mentioned abuse. Abuse would describe
> illegal acts which there have been none. The deals that were
> approved for tax credits were approved by the tax department
> under careful scrutiny and are therefore by definition legal
> and free from the tag of abuse.

If the Act is being _legally_ exploited, that should count as
abuse. If it was being used illegally, the issue would be more
black and white. The focus would then be more on the companies
illegally using Act 221, rather than the act itself.

> As far as movie deals being questionable under Act 221, I agree
> that the legislature never should have included performing arts
> in the bill but the language exists and therefore there are
> no questionable tax credits for movies that come as they are
> simply exercising their legal right under the law.

Where would Square's "Final Fantasy" fit in this picture?

-Vince