Establishes Public Education Innovation Fund; provides corporation business tax and gross income tax credits to businesses for making qualified education donations.

Bill A4310 establishes the Public Education Innovation Fund within New Jersey’s Department of Education to provide grants to low-performing public schools for educational innovation programs. Low-performing schools are defined as those where student test scores (in language arts or math) in "not yet meeting" or "partially meeting" categories exceed 40% across both subjects or 65% in one subject for two consecutive years. Businesses making qualified donations to the fund can receive corporation business tax credits (capped at 75% of tax liability) or gross income tax credits (capped at $10,000 per business), with a total annual cap of $5 million across all credits. The fund is financed solely by business donations, and grants require competitive applications detailing how programs address academic barriers.