Establishes task force to research and report on potential sources of funding for artificial intelligence initiatives and appropriate tax incentives to support businesses impacted by expansion of use of artificial intelligence.
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- Introduced
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- Became Law
Overview
This bill establishes an Artificial Intelligence Initiative Funding Task Force to research and report on potential funding sources for AI initiatives in New Jersey. The task force will investigate both public and private funding options, recommend appropriate tax incentives for businesses impacted by AI expansion, and explore strategies for leveraging public-private partnerships and higher education collaborations. Ultimately, the task force will aim to align state funding with workforce needs and economic growth goals, with a final report due within 12 months.
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