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  "documentTitle": "The CHIPS and Science Act: Here’s what’s in it",
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  "notes": "Includes a visual representation of the 25% tax credit increase and a bar chart showing the projected annual outlays.",
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      "text": "The CHIPS and Science Act establishes a semiconductor investment tax credit of approximately $24 billion to spur private investment until January 1, 2027.",
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      "text": "About those tax credits: Given the scale of investment required, building new semiconductor fabrication plants will take more than government funding. Private investment is needed too.",
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      "text": "Source: Congress.gov; Congressional Research Service; Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022, H.R. 4346, 117th Cong. (2022); \"Estimated budgetary effects of H.R. 4346, Divisions A and B,\" Congressional Budget Office; William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, Public Law 116-283",
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