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Eligible business

A business meeting specific criteria to qualify for tax credits under the AI incentive program.

Definition

An entity that satisfies the requirements set forth in the Act to receive tax credits for capital investments in qualified business facilities and the creation of full-time jobs related to artificial intelligence.

An Act concerning the development of artificial intelligence innovations, ventures, and facilities, and amending and supplementing P.L.2020, c.156.

Related Terms

Eligible stakeholder

Entities authorized to engage with the Act's programs and resources....

AI Business Operator

Entity that develops, provides, or operates AI systems....

AI system provider

Entity that develops, trains, produces, distributes or markets AI systems....

AI developer/provider

Entity that develops, deploys, or offers AI products or services....

Climatetech Tax Incentive Program

A program offering tax benefits to businesses engaged in climatetech R&D, innovation, manufacturing, and deployment....

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