Establishes Next New Jersey Manufacturing Program to incentivize in-State manufacturing investments and job creation.

This bill establishes the Next New Jersey Manufacturing Program, which provides tax credits to businesses that make significant investments in New Jersey manufacturing facilities. To qualify, businesses must invest at least $10 million in capital and create at least 20 new full-time jobs with median salaries at least 120% of local manufacturing averages. The tax credit amount is calculated as the lesser of 0.1% of capital investment multiplied by new jobs, 25% of capital investment, or $150 million, with $100 million reserved for clean energy manufacturers in the first two years. Businesses must maintain the jobs and investment for a specified period, and may forfeit credits if they fail to meet requirements.