Bill
Bill > A5214
NJ A5214
NJ A5214Provides child tax credit for taxpayers with children ages six to 11 and increases amount of credit for taxpayers with children under 12 over period of two years.
summary
Introduced
02/23/2023
02/23/2023
In Committee
02/23/2023
02/23/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Provides child tax credit for taxpayers with children ages six to 11 and increases amount of credit for taxpayers with children under 12 over period of two years.
AI Summary
This bill provides a child tax credit for taxpayers with children ages 6 to 11 and increases the amount of the credit for taxpayers with children under the age of 12 over a period of two years. Specifically, it increases the credit amount for children under 6 from a range of $200 to $750 in 2023-2024 to a range of $300 to $1,000 in 2025 and beyond. For children ages 6 to 11, the credit amount increases from a range of $100 to $500 in 2023-2024 to a range of $200 to $600 in 2025 and beyond. The bill also allows the credit to be claimed by taxpayers using either a Social Security number or an Individual Taxpayer Identification Number.
Committee Categories
Government Affairs
Sponsors (8)
Angela Mcknight (D)*,
Raj Mukherji (D)*,
Carol Murphy (D)*,
Verlina Reynolds-Jackson (D)*,
Benjie Wimberly (D)*,
Daniel Benson (D),
Aura Dunn (R),
Robert Karabinchak (D),
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 02/23/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A5214 |
| BillText | https://pub.njleg.gov/Bills/2022/A5500/5214_I1.HTM |
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