Modifies certain provisions of "New Jersey Innovation Evergreen Act."

This bill amends the New Jersey Innovation Evergreen Act by increasing the maximum state investment in qualified businesses from $5 million to $10 million (with exceptions up to $12.5 million for businesses using NJ-developed IP, university spin-offs, or certified minority/women-owned businesses). It requires new investments to either match a venture firm's initial investment or occur at a higher valuation than previous investments. The bill also raises the threshold for when the state can't auction tax credits from $15 million to $50 million and simplifies reporting requirements for venture firms. These changes aim to strengthen the state's investment program supporting high-growth businesses in targeted industries like clean energy, life sciences, and technology.