New York offers $90m in tax credits for news outlets to hire/retain journalists amid US newspaper decline.
New York is providing up to $90m in tax credits to help news outlets hire and retain journalists, amid a decline in the US newspaper industry. The three-year program allows selected news organizations to tap into refundable tax credits annually, with a single outlet able to receive up to $320k. State Senator Brad Hoylman-Sigal, who sponsored the legislation, stated that preserving journalism jobs is crucial for democracy's health.
May 23, 2024
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