
Legislation to eliminate $250 million in uncommitted tax credits previously authorized for certain artificial intelligence and data center projects passed the New Jersey General Assembly last week. Assemblyman Andrew Macurdy, Assemblyman Balvir Singh, and Assemblywoman Annette Quijano sponsored Bill A5165.
Designated as the “End Data Center Tax Credits Act,” the legislation would reduce the amount of tax credits available under the Next New Jersey Program by the remaining uncommitted balance reserved for artificial intelligence (AI) and data center development projects.
Continue reading ““End Data Center Tax Credits Act” Passes Assembly”









