New Jersey A5329: Child tax credit-increase amount in taxable years 2026, 2027, and 2028

What the bill says

An Act increasing the amount of the child tax credit in certain taxable years and amending P.L.2022, c.24.

From the introduced text, June 23, 2026:

An Act increasing the amount of the child tax credit in certain taxable years and amending P.L.2022, c.24. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Section 1 of P.L.2022, c.24 (C.54A:4-17.1) is amended to read as follows: 1. a. A resident taxpayer with New Jersey taxable income of $80,000 or less shall be allowed a credit against the tax otherwise due pursuant to the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq. for each child who has not attained the age of six years as of the close of the taxable year and for which the taxpayer is allowed a deduction under N.J.S.54A:3-1. [The] [ADDED: Except in taxable years 2026, 2027, and 2028, the] credit shall be in the following amounts: If the taxable income is: The credit is: $30,000 or under $1,000 over $30,000 but not over $40,000 $800 over $40,000 but not over $50,000 $600 over $50,000 but not over $60,000 $400 over $60,000 but not over $80,000 $200 [ADDED: In taxable years 2026, 2027, and 2028, the credit shall be in the following amounts:] [ADDED: If the taxable income is:] [ADDED: The credit is:] [ADDED: $30,000 or under] [ADDED: $1,250] [ADDED: over $30,000 but not over $40,000] [ADDED: $1,000] [ADDED: over $40,000 but not over $50,000] [ADDED: …

Read the full official text

Sponsors

• Verlina Reynolds-Jackson (D, 15) · primary sponsor
• Eliana Pintor Marin (D, 29) · primary sponsor
• Marisa Sweeney (D, 25) · primary sponsor
• Maureen Rowan (D, 2) · primary sponsor
• Margie Donlon, M.D. (D, 11) · primary sponsor
• Michael Venezia (D, 34) · primary sponsor
• Balvir Singh (D, 7)
• William W. Spearman (D, 5)
• Carmen Theresa Morales (D, 34)
• Vincent M. Kearney (D, 21)
• Shanique Speight (D, 29)
• Katie Brennan (D, 32)

Latest actions

1. June 30, 2026: SUB BY S4531
2. June 28, 2026: REP 2RA
3. June 23, 2026: INT 1RA REF ABU

Votes

• Assembly Budget Committee: Reported favorably (June 28, 2026): 15 yea, 0 nay, passed

Common questions

What is A5329?

A5329 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Child tax credit-increase amount in taxable years 2026, 2027, and 2028.

What does A5329 do?

In its own words: An Act increasing the amount of the child tax credit in certain taxable years and amending P.L.2022, c.24.

What is the status of A5329?

In committee as of June 30, 2026. Latest action: SUB BY S4531 (June 30, 2026).

Who sponsored A5329?

Verlina Reynolds-Jackson (D, 15), with 11 co-sponsors.

Where is the official record for A5329?

On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5329