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News/Media Alliance Statement: Illinois State Lawmakers Approve $25 Million in Tax Credits for Journalists

The Illinois state legislature on Wednesday approved $25 million in tax credits over the next five years (or $5 million a year) that will support journalism in the state. The funds are intended for use by newsrooms to hire and retain journalists. The legislation is similar to that passed last month in New York, which provides $30 million over three years.

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