Establishes an Artificial Intelligence Initiative Funding Task Force to research and report on funding sources and tax incentives for AI initiatives.

The bill establishes an Artificial Intelligence Initiative Funding Task Force within the Department of the Treasury. The task force will research and report on potential sources of public and private funding for artificial intelligence initiatives in New Jersey. The report will include recommendations on tax incentives for businesses impacted by AI expansion, leveraging public-private partnerships, and aligning funding with workforce needs and economic growth goals. The task force will issue its final report within 12 months and will expire 30 days after the report is issued.

Establishes an Artificial Intelligence Initiative Funding Task Force to research and report on funding sources and tax incentives for AI initiatives.

The bill establishes an Artificial Intelligence Initiative Funding Task Force within the Department of the Treasury. The task force will research and report on potential sources of public and private funding for artificial intelligence initiatives in New Jersey. The report will include recommendations on tax incentives for businesses impacted by AI expansion, leveraging public-private partnerships, and aligning funding with workforce needs and economic growth goals. The task force will issue its final report within 12 months and will expire 30 days after the report is issued.