Doubles amount of State child tax credit; raises age and income eligibility criteria needed to receive credit.

This bill would expand New Jersey's child tax credit by doubling the maximum credit amount (from $1,000 to $2,000 per child), raising the age limit for eligible children from under 6 to under 18, and increasing the income threshold from $80,000 to $150,000 for eligibility. Taxpayers with incomes under $30,000 would receive $2,000 per child, with the credit gradually decreasing to $800 for incomes between $130,000 and $150,000. It affects New Jersey residents with children under 18 who file state tax returns, including those using Individual Taxpayer Identification Numbers. The changes apply to taxable years beginning January 1, 2026.