Content Tagged As tax_credits

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  • Brees settles bogus tax credits lawsuit

    September 27, 2014 1:22 PM

    NEW ORLEANS (AP) - New Orleans Saints quarterback Drew Brees has settled a lawsuit with a former teammate who allegedly advising him to invest $160,000 in tax credits that turned out to be bogus, court records show. The suit filed on Brees' behalf in federal court in 2013 alleged former... more »
  • Baton Rouge agency applies for tax credits

    September 12, 2011 9:35 AM

    BATON ROUGE, La. (AP) - The East Baton Rouge Parish Housing Authority has applied for $16.1 million in tax credits provided through the Louisiana Housing Finance Agency to help renovate or rebuild two housing complexes. The application for Ardenwood Village applied for $9.4 million to rehabilitate the 93-unit complex. The... more »
  • Sentencing Delayed for Head of Defunct Movie Studio for Selling Nonexisting Tax Credits to Members of the Saints

    September 29, 2010 1:50 PM

    NEW ORLEANS (AP) - Sentencing is being delayed until Jan. 19 for the head of a defunct movie studio who pleaded guilty to selling $1.9 million in nonexistent tax credits to members of the New Orleans Saints. On May 13, Wayne Read pleaded guilty to interstate transportation of stolen funds... more »
  • Prison inmates wrongly received $9 million in tax credits

    June 23, 2010 11:52 AM

    WASHINGTON (AP) - Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday. The investigator said 241 of the inmates were serving life sentences. In all, more than 14,100... more »

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