A 4890
Increases benefit amount under New Jersey Earned Income Tax Credit program from 40 percent to 60 percent of federal benefit amount.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill increases the amount of the New Jersey Earned Income Tax Credit (EITC) benefit from 40% to 60% of the federal EITC benefit. This change will apply starting in tax year 2022. The EITC program is designed to provide tax relief to low- to moderate-income residents of New Jersey who qualify for the federal EITC. This legislation aims to provide a greater financial benefit to eligible New Jersey taxpayers.
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