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NJ A2620: Establishes task force to research and report on potential sources of funding for artificial intelligence initiatives and appropriate tax incentives …

In Committee New Jersey · 2026–2027 session

Last verified Oct 12, 2026 · official bill text

A2620 · where it stands

1 of 5 steps complete
  1. Introduced In committee
  2. Passed first chamber
  3. Passed both chambers
  4. Enacted
  5. Effective
What do these statuses mean?
Introduced
Filed in the legislature; may be waiting for a committee hearing.
Passed a chamber
Approved by one or both chambers; awaiting further action.
Enacted
Signed into law, or became law without a signature or over a veto.
Effective date
The date the law says it takes effect. Once it has passed, the page shows "Effective" and the date. A court order can still block a law; if we know of one, the summary says so.
Dead / vetoed
Vetoed, failed, or the session ended without action.
View full title

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.

In one paragraph

A 2620 would create an 11-member Artificial Intelligence Initiative Funding Task Force in the New Jersey Department of the Treasury to report, within 12 months of organizing, on public and private funding sources for AI initiatives in the state. It would recommend tax incentives for the industries most affected by expanded AI use, public-private partnerships, collaborations with colleges and universities, and ways to align AI funding with workforce needs and economic growth, and identify bills for the Legislature to adopt. Pending in the Assembly Science, Innovation and Technology Committee.

Plain-English summary, written with AI assistance. The official text controls.

What it means for business

No direct obligations. If enacted, its recommendations could lead to New Jersey tax incentives or funding programs for businesses affected by AI.

Key provisions

  1. Creates an 11-member Artificial Intelligence Initiative Funding Task Force in, but not of, the Department of the Treasury
  2. Members include the State Treasurer, the Labor Commissioner, the EDA's chief executive, the Secretary of Higher Education, the Commission on Science, Innovation and Technology's executive director, and six public members
  3. Report on current public and private funding sources for AI initiatives in New Jersey
  4. Recommend tax incentives for industries most affected by expanded AI use, public-private partnerships, and collaborations with colleges and universities
  5. Recommend how to align AI funding with workforce needs and economic growth goals, and identify bills for the Legislature to adopt
  6. Final report due within 12 months of the task force organizing, posted on the Treasury website; the task force then expires after 30 days
  7. Introduced January 13, 2026 and referred to the Assembly Science, Innovation and Technology Committee

Latest legislative action

Jan 13, 2026. Introduced, Referred to Assembly Science, Innovation and Technology Committee

Sponsors (showing 5 of 9)

NameRole
Primary
Primary
Primary
Primary
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Related and companion bills

Topics and industries

Related topics

AI in Government

Affected industries

Government

This page is general information, not legal advice. Summaries are AI-assisted and may contain errors; read the statute for the controlling text and talk to a lawyer about your situation. Full disclaimer · Report an error

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Same topic in other states

Montana SB397 Generally revise laws related to privacy and facial recognition technology Utah HB444 Data Privacy Amendments Arizona HB2482 sexual assault kits; victim notification Maryland SB1068 Department of Information Technology - Evaluation and Development of a 3-1-1 Por Virginia HB553 Department of Corrections; language access and translation services for inmates. Texas SB1308 Relating to a study on the impacts of using certain motor vehicle technologies.