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Bill > A4935


NJ A4935

NJ A4935
Establishes Artificial Intelligence Apprenticeship Program and artificial intelligence apprenticeship tax credit program.


summary

Introduced
10/21/2024
In Committee
01/23/2025
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill establishes an Artificial Intelligence Apprenticeship Program in the Department of Labor and Workforce Development. Under the bill, the program will collaborate with companies in the artificial intelligence industry to offer apprenticeship opportunities that focus on artificial intelligence technology, data analytics, and automation; facilitate partnerships between employers and educational institutions; assist employers in establishing and administering apprenticeship programs; and inform employers of the artificial intelligence apprenticeship tax credit program. The bill also establishes an artificial intelligence apprenticeship tax credit program under the gross income tax and corporation business tax. The bill gives employers with qualified artificial intelligence industry apprenticeship programs the lesser of $5,000 per apprentice or one-half of an apprentice's wages. To qualify for credit, an apprenticeship must employee an unskilled or semi-skilled person in the artificial intelligence industry, including data analytics and automation, that is employed by the taxpayer for no less than 20 calendar weeks in the privilege period as part of a term of artificial intelligence industry training not exceeding four tax years.

AI Summary

This bill establishes an Artificial Intelligence Apprenticeship Program in the Department of Labor and Workforce Development. The program will collaborate with companies in the artificial intelligence (AI) industry to offer apprenticeship opportunities focused on AI technology, data analytics, and automation. It will also facilitate partnerships between employers and educational institutions, assist employers in establishing and administering apprenticeship programs, and inform employers about the AI apprenticeship tax credit program. The bill also creates an AI apprenticeship tax credit program under the gross income tax and corporation business tax, allowing employers with qualified AI industry apprenticeship programs to claim a credit of up to $5,000 per apprentice or one-half of the apprentice's wages.

Committee Categories

Business and Industry

Sponsors (6)

Last Action

Reported and Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 01/23/2025)

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