New Jersey legislation · 2026-2027 Regular Session
New Jersey A5724: Dependent care expenses, employment-related-prov income tax credit for portion
Status: In committee, October 29, 2026
Provides gross income tax credit for portion of employment-related dependent care expenses incurred by certain resident taxpayers.
What the bill says
An Act providing a gross income tax credit for certain employment-related dependent care expenses, and supplementing Title 54A of the New Jersey Statutes, and amending P.L.2018, c.45.
From the introduced text, October 29, 2026:
An Act providing a gross income tax credit for certain employment-related dependent care expenses, and supplementing Title 54A of the New Jersey Statutes, and amending P.L.2018, c.45. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. (New section) a. A resident taxpayer with New Jersey taxable income of no more than $300,000 shall be allowed a credit against the tax imposed pursuant to the New Jersey Gross Income Tax Act, N.J.S.54A:1-1 et seq., in an amount equal to a percentage of the employment-related expenses incurred by the taxpayer during the taxable year for a dependent of the taxpayer who has not attained age 13, in accordance with the following schedule, but not to exceed $5,000 per dependent per taxable year: NJ taxable income is: Credit amount is: Not over $75,000 20% of employment-related expenses over $75,000 but not over $150,000 15% of employment-related expenses over $150,000 but not over $225,000 10% of employment-related expenses over $225,000 but not over $300,000 5% of employment-related expenses b. Any expenses for which a credit is claimed pursuant to section 5 of P.L.2018, c.45 (C.54A:4-17) shall not be allowed as a credit for the purposes of this section. c. The order of priority of the application of the credit allowed pursuant to this section, and any other …
Sponsors
- Gerry Scharfenberger (R, 13) · primary sponsor
Latest actions
- : INT 1RA REF ACF
Subjects: TAXATION - PERSONAL INCOME TAX
Common questions
- What is A5724?
- A5724 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Dependent care expenses, employment-related-prov income tax credit for portion.
- What does A5724 do?
- In its own words: An Act providing a gross income tax credit for certain employment-related dependent care expenses, and supplementing Title 54A of the New Jersey Statutes, and amending P.L.2018, c.45.
- What is the status of A5724?
- In committee as of October 29, 2026. Latest action: INT 1RA REF ACF (October 29, 2026).
- Who sponsored A5724?
- Gerry Scharfenberger (R, 13).
- Where is the official record for A5724?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5724
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.