Creates "New Jersey Life Sciences Internship Challenge" program.

This bill establishes the "New Jersey Life Sciences Internship Challenge" program to provide tax credit subsidies for summer internships in the life sciences sector. It directly affects eligible New Jersey students (residents or full-time NJ college students who completed two years of study) and qualifying life sciences companies (with NJ research labs, fewer than 100 employees, and NJ headquarters). The program caps subsidies at 150 internships per academic year, with tax credits covering up to $15 per hour (capped at 20 hours weekly for 12 weeks) for wages paid to interns. The New Jersey Economic Development Authority administers the program, matching students to companies and issuing tax credits to qualifying employers.