Establishes Next New Jersey Program for artificial intelligence investments.

The Next New Jersey Program Act establishes a tax credit program administered by the New Jersey Economic Development Authority to attract artificial intelligence (AI) investments to the state. Eligible businesses must make a minimum $100 million capital investment and create at least 100 new full-time jobs in AI-related activities, where at least 50% of employees or revenue comes from AI operations. The tax credit amount equals the lesser of 0.1% of capital investment multiplied by new jobs, 25% of capital investment, or $250 million. This program allocates up to $500 million in tax credits originally designated for the New Jersey Aspire Program and Emerge Program specifically for qualifying AI businesses.