Provides child tax credit for taxpayers with children ages six to 11 and increases amount of credit for taxpayers with children under 12 over period of two years.

This New Jersey bill (A 3401) expands the state's child tax credit to include children aged 6-11, who were previously ineligible. It increases credit amounts for all children under 12 over two years: for example, taxpayers with income under $30,000 will receive $500 (2023-2024) or $600 (2025+) for children aged 6-11, and $750 (2023-2024) or $1,000 (2025+) for children under 6. Credits phase out completely for taxpayers earning over $80,000 annually and are refundable if exceeding tax liability. The bill directly affects New Jersey residents with children in these age groups who file state taxes.