Increases amount of State child tax credit and revises income and age eligibility criteria.

This bill increases New Jersey's child tax credit for families with children under age 12. It raises the income limit for full eligibility from $80,000 to $100,000 annually and boosts maximum credit amounts: up to $2,600 per child under age six for lower-income families, and $2,000 per child aged six to 11. The credit phases out gradually as income rises above $50,000, with no reduction for households earning $50,000 or less. It applies to New Jersey residents filing state tax returns with qualifying children under 12.