Establishes task force to research and report on potential sources of funding for artificial intelligence initiatives and appropriate tax incentives to support businesses impacted by expansion of use of artificial intelligence.

New Jersey's A2620 establishes an 11-member Artificial Intelligence Initiative Funding Task Force within the Department of the Treasury. The task force will research and report on public/private funding sources and tax incentives for businesses impacted by AI expansion, including recommendations for public-private partnerships and university collaborations. It must submit a final report within 12 months to the Governor and Legislature, detailing specific legislative proposals and aligning AI funding with workforce needs. The task force includes state agency leaders and appointed experts in AI, economic development, and tax policy, but does not create new funding or tax changes itself.