Illinois will provide $25 million in employment tax credits to media outlets that hire and retain local journalists, under a bill signed by Gov. J.B. Pritzker, following on a larger model pioneered by New York earlier this year.
Pritzker, a second-term Democrat, approved the Local Journalism Sustainability Act, which was included in a much larger fiscal year 2025 revenue bill, HB 4951. The legislation, which the governor signed late Friday, also includes a new child tax credit.
The new law enacts most of the revenue-raising features of the governor’s fiscal 2025 budget, including a cap on ...
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