NEXT NEW JERSEY PROGRAM – AI (Coming Soon)
Program information
AMOUNT
The tax credit amount to an eligible business is calculated based on the lesser of:
(1) 0.1 percent of the eligible business’s total capital investment multiplied by the number of new full-time jobs;
(2) 25 percent of the eligible business’s total capital investment; or
(3) $250 million.
BENEFITS
The program provides tax credit to eligible businesses to offset against their state tax liability and for companies to engage in building and fostering the fast-growing AI economy in the State of the innovators. Tax credits are transferable under this program.
ELIGIBILITY
AI business or a division must be primarily engaged in the artificial intelligence industry or the large-scale artificial intelligence data center industry.
PROGRAM DETAILS
Coming soon
ELIGIBLE PROJECTS
Coming soon
AWARD SIZE
Coming soon
FEES
Coming soon
QUESTIONS
For more information or to ask a specific question, please send an email to nextnjai@njeda.gov and a team member will reach out to you.