Bill > A3652

Introduced Session

This bill establishes the New Jersey Child Tax Credit program, allowing a refundable gross income tax credit for each dependent child of a taxpayer whose annual income does not exceed 250 percent of the federal poverty level. Under the bill, "federal poverty level" means the poverty guidelines applicable to New Jersey based upon family size that are updated annually in the Federal Register by the United States Department of Health and Human Services under authority of 42 U.S.C. s.9902(2). For taxpayers whose annual income does not exceed 100 percent of the federal poverty level, the credit amount will be $582 for each qualified younger child, meaning a dependent child who has not attained the age of six as of the close of the taxable year, and $187 for each qualified older child, meaning a dependent child who is at least six years of age but has not attained the age of 25 as of the close of the taxable year. For every 10 percentage points that the taxpayer's annual household income exceeds 100 percent of the federal poverty level, the credit amount will decrease by $36 for each qualified younger child of the taxpayer and by $12 for each qualified older child of the taxpayer until the taxpayer's annual income reaches 250 percent of the federal poverty level. A taxpayer will be allowed to claim the credit whether the taxpayer uses a Social Security number or an Individual Taxpayer Identification Number on the taxpayer's tax forms.

AI Summary

Committee Categories

Don Guardian (R)*,  Aura Dunn (R), 

Introduced, Referred to Assembly Children, Families and Food Security Committee (on 01/13/2026)

Official Document