Bill > S1099

Introduced Session

This bill allows a gross income tax credit for a staff member employed by a child care provider, licensed pursuant to the "Child Care Center Licensing Act," P.L.1983, c.492 (C.30:5B‑1 et seq.) who directly supervises children as defined in N.J.A.C.3A:52-4.3, or a family day care provider, registered by a family day care sponsoring organization pursuant to the "Family Day Care Provider Registration Act," P.L.1987, c.27 (C.30:5B-16 et seq.) who has been employed by child care provider or worked as a registered family day care provider for a minimum of 1,260 hours for a six month period during the taxable year. The credit amount varies depending on the staff member's or registered family day care provider's income. If the staff member's or provider's income is (1) less than $25,000, the amount of the credit shall be equal to $1,000 for providing child care services to children 30 months of age or older, and $1,500 for providing child care services to children from birth to the age of 30 months; (2) between $25,000 to $35,000, the amount of the credit shall be equal to $750 for providing child care services to children 30 months of age or older, and $1,000 for providing child care services to children from birth to the age of 30 months; and (3) between $35,001 and $45,000, the amount of the credit shall be equal to $500 for providing child care services to children 30 months of age or older, and $750 for providing child care services to children from birth to the age of 30 months. The amount of credit allowed by this bill on the gross income of a staff member working for a child care provider who directly supervises children or registered family day care provider for providing child care services to children from birth to the age of 30 months is only to apply to a staff member or family day care provider who spends at least 50% of their employment time providing such services. For a staff member working for a child care provider who directly supervises children or registered family day care provider with less than $45,000 of gross income, the credit is refundable. If the staff member or provider has no tax liability to use the whole or part of the credit against, the staff member or provider would receive the remaining credit amount from the State in cash. For a staff member or provider with income of $45,000, any remaining credit may be carried forward to the next taxable year, but may not be carried forward beyond that. The credit allowed by this bill cannot be taken into account as income or receipts for purposes of determining the eligibility of a taxpayer for benefits or assistance or the amount or extent of benefits or assistance under any State program and any State program financed in whole or in part with federal funds.

AI Summary

Committee Categories

Teresa Ruiz (D)*,  Joe Vitale (D)*,  Nilsa Cruz-Perez (D),  Joe Cryan (D),  Patrick Diegnan (D),  Brian Stack (D),  Jean Stanfield (R),  Shirley Turner (D), 

Referred to Senate Budget and Appropriations Committee (on 06/06/2022)

Official Document