A 3652
Establishes New Jersey Child Tax Credit program to benefit certain low-income households.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a new New Jersey Child Tax Credit program designed to provide financial assistance to low-income households with children. The credit is based on a taxpayer’s gross income, with eligibility capped at 250% of the federal poverty level. The amount of the credit decreases as income rises, with a maximum of $582 per qualified younger child and $187 per qualified older child. The program is administered by the Division of Taxation and will track key data for reporting purposes.
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