New Jersey S4712 imposes a 10% tax on AI computer processing and dedicates revenue to the AI Workforce Impact Transition Fund.
New Jersey S4712 imposes a 10% tax on the value generated by AI computer processing performed by AI computer processors. The tax applies to processors located in the state and those performing processing for qualified AI businesses engaged in AI system services. The bill defines AI computer processing as services for AI system services by qualified AI businesses. Revenue from the tax is dedicated to the AI Workforce Impact Transition Fund, managed by the Department of Labor and Workforce Development.
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- Core Provisions
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- Legal Framework
- Critical Issues
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