New Jersey legislation · 2026-2027 Regular Session
New Jersey S4531: Child tax credit-increase amount in taxable years 2026, 2027, and 2028
Status: Signed into law, June 30, 2026
Increases amount of child tax credit 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. 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 2.
From the chaptered text, June 30, 2026:
An Act increasing the amount of the child tax credit in certain taxable years and amending P.L.2022, c.24. 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: $750] [ADDED: over $50,000 but not over $60,000] [ADDED: $500] [ADDED: over $60,000 but …