Corporate tax credits cost state $3 billion in five years, legislative auditor says

The agencies responsible for administering tax credits and exemptions are not required to track the performance of the nearly $3 billion in business tax credits that were handed out during that period. That creates a situation where it is impossible to know whether a credit is actually a good investment.

By Jeff Adelson

Full Story: http://www.nola.com/politics/index.ssf/2012/03/corporate_tax_credits_cost_sta.html